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EMG

Man GroupLSE:EMG Stock Report

Market Cap

UK£3.0b

7D

-3.7%

1Y

88.2%

Updated

26 Nov, 2021

Data

Company Financials +
EMG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends3/6

EMG Stock Overview

Man Group plc is a publicly owned investment manager.

Man Group Competitors

3i Group

LSE:III

UK£13.7b

Intermediate Capital Group

LSE:ICP

UK£6.5b

Ashmore Group

LSE:ASHM

UK£2.0b

Jupiter Fund Management

LSE:JUP

UK£1.3b

Price History & Performance

Summary of all time highs, changes and price drops for Man Group
Historical stock prices
Current Share PriceUK£2.19
52 Week HighUK£2.43
52 Week LowUK£1.16
Beta1.08
1 Month Change-7.78%
3 Month Change1.62%
1 Year Change88.24%
3 Year Change50.88%
5 Year Change91.86%
Change since IPO569.38%

Recent News & Updates

Shareholder Returns

EMGGB Capital MarketsGB Market
7D-3.7%-0.1%-1.3%
1Y88.2%9.2%17.9%

Return vs Industry: EMG exceeded the UK Capital Markets industry which returned 8.4% over the past year.

Return vs Market: EMG exceeded the UK Market which returned 14.8% over the past year.

Price Volatility

Is EMG's price volatile compared to industry and market?
EMG volatility
EMG Average Weekly Movement3.5%
Capital Markets Industry Average Movement3.7%
Market Average Movement4.8%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: EMG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EMG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17831,444Luke Ellishttps://www.man.com

Man Group plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

Man Group Fundamentals Summary

How do Man Group's earnings and revenue compare to its market cap?
EMG fundamental statistics
Market CapUS$4.00b
Earnings (TTM)US$327.00m
Revenue (TTM)US$1.25b

12.2x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EMG income statement (TTM)
RevenueUS$1.25b
Cost of RevenueUS$638.00m
Gross ProfitUS$616.00m
ExpensesUS$289.00m
EarningsUS$327.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 25, 2022

Earnings per share (EPS)0.24
Gross Margin49.12%
Net Profit Margin26.08%
Debt/Equity Ratio0%

How did EMG perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

49%

Payout Ratio

Valuation

Is Man Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EMG (£2.28) is trading below our estimate of fair value (£5.85)

Significantly Below Fair Value: EMG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EMG's PE Ratio (12.7x) is in line with the UK Capital Markets industry average.

PE vs Market: EMG is good value based on its PE Ratio (12.7x) compared to the UK market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: EMG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: EMG is overvalued based on its PB Ratio (2.5x) compared to the GB Capital Markets industry average (1.8x).


Future Growth

How is Man Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EMG's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: EMG's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: EMG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EMG's revenue is expected to decline over the next 3 years (-2.1% per year).

High Growth Revenue: EMG's revenue is forecast to decline over the next 3 years (-2.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EMG's Return on Equity is forecast to be high in 3 years time (21.8%)


Past Performance

How has Man Group performed over the past 5 years?

36.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMG has high quality earnings.

Growing Profit Margin: EMG's current net profit margins (26.1%) are higher than last year (23.5%).


Past Earnings Growth Analysis

Earnings Trend: EMG's earnings have grown significantly by 36.5% per year over the past 5 years.

Accelerating Growth: EMG's earnings growth over the past year (39.7%) exceeds its 5-year average (36.5% per year).

Earnings vs Industry: EMG earnings growth over the past year (39.7%) underperformed the Capital Markets industry 57.4%.


Return on Equity

High ROE: EMG's Return on Equity (19.8%) is considered low.


Financial Health

How is Man Group's financial position?


Financial Position Analysis

Short Term Liabilities: EMG's short term assets ($1.2B) exceed its short term liabilities ($650.0M).

Long Term Liabilities: EMG's short term assets ($1.2B) exceed its long term liabilities ($608.0M).


Debt to Equity History and Analysis

Debt Level: EMG is debt free.

Reducing Debt: EMG has no debt compared to 5 years ago when its debt to equity ratio was 6.9%.

Debt Coverage: EMG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EMG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Man Group current dividend yield, its reliability and sustainability?

3.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EMG's dividend (3.58%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: EMG's dividend (3.58%) is low compared to the top 25% of dividend payers in the UK market (4.08%).


Stability and Growth of Payments

Stable Dividend: EMG's dividend payments have been volatile in the past 10 years.

Growing Dividend: EMG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.4%), EMG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EMG's dividends in 3 years are forecast to be well covered by earnings (48.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Luke Ellis

5.17yrs

Tenure

US$3,150,408

Compensation

Mr. Luke Ellis has been the Chief Executive Officer and Executive Director of Man Group plc since September 1, 2016. Mr. Ellis serves as the Chief Executive Officer and Chief Investment Officer at FRM Cred...


CEO Compensation Analysis

Compensation vs Market: Luke's total compensation ($USD3.15M) is above average for companies of similar size in the UK market ($USD1.77M).

Compensation vs Earnings: Luke's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EMG's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: EMG's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Man Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Man Group plc
  • Ticker: EMG
  • Exchange: LSE
  • Founded: 1783
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£3.000b
  • Shares outstanding: 1.37b
  • Website: https://www.man.com

Number of Employees


Location

  • Man Group plc
  • 22 Grenville Street
  • St Helier
  • JE4 8PX
  • Jersey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:17
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.