Man Group Valuation

Is EMG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EMG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EMG (£2.08) is trading below our estimate of fair value (£5.39)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for EMG?

Key metric: As EMG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EMG. This is calculated by dividing EMG's market cap by their current earnings.
What is EMG's PE Ratio?
PE Ratio9.6x
EarningsUS$315.00m
Market CapUS$3.01b

Price to Earnings Ratio vs Peers

How does EMG's PE Ratio compare to its peers?

The above table shows the PE ratio for EMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
ABDN abrdn
7.7x-20.9%UK£2.5b
PHLL Petershill Partners
9.5x34.7%UK£2.6b
BPT Bridgepoint Group
42x33.2%UK£2.8b
N91 Ninety One Group
9.5x6.1%UK£1.5b
EMG Man Group
9.6x15.0%UK£2.4b

Price-To-Earnings vs Peers: EMG is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (17.2x).


Price to Earnings Ratio vs Industry

How does EMG's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.2xn/aUS$34.29m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
MAFL Mineral & Financial Investments
2xn/aUS$5.00m
No more companies available in this PE range
EMG 9.6xIndustry Avg. 12.2xNo. of Companies19PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMG is good value based on its Price-To-Earnings Ratio (9.6x) compared to the UK Capital Markets industry average (12.1x).


Price to Earnings Ratio vs Fair Ratio

What is EMG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EMG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: EMG is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EMG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.08
UK£2.71
+30.5%
13.8%UK£3.29UK£1.96n/a14
Nov ’25UK£2.01
UK£2.66
+32.4%
13.7%UK£3.22UK£1.92n/a14
Oct ’25UK£2.19
UK£2.84
+29.9%
10.6%UK£3.18UK£1.87n/a14
Sep ’25UK£2.24
UK£2.94
+31.7%
10.7%UK£3.32UK£1.94n/a14
Aug ’25UK£2.38
UK£2.98
+25.0%
10.6%UK£3.33UK£1.95n/a14
Jul ’25UK£2.44
UK£3.04
+24.7%
11.4%UK£3.41UK£1.92n/a14
Jun ’25UK£2.64
UK£3.02
+14.6%
11.2%UK£3.39UK£1.91n/a14
May ’25UK£2.59
UK£3.04
+17.5%
11.1%UK£3.46UK£1.95n/a14
Apr ’25UK£2.67
UK£2.95
+10.4%
11.1%UK£3.27UK£1.91n/a14
Mar ’25UK£2.46
UK£2.83
+15.1%
11.3%UK£3.19UK£1.92n/a14
Feb ’25UK£2.35
UK£2.79
+18.5%
11.5%UK£3.22UK£1.91n/a14
Jan ’25UK£2.33
UK£2.74
+17.7%
12.7%UK£3.36UK£1.92n/a14
Dec ’24UK£2.12
UK£2.71
+27.6%
12.0%UK£3.35UK£1.90n/a14
Nov ’24UK£2.20
UK£2.85
+29.5%
12.4%UK£3.50UK£1.99UK£2.0114
Oct ’24UK£2.24
UK£2.87
+28.5%
14.8%UK£3.85UK£1.98UK£2.1914
Sep ’24UK£2.11
UK£2.78
+31.7%
14.9%UK£3.73UK£1.92UK£2.2414
Aug ’24UK£2.26
UK£2.73
+20.9%
13.9%UK£3.69UK£1.89UK£2.3814
Jul ’24UK£2.19
UK£2.67
+22.1%
15.7%UK£3.82UK£1.90UK£2.4414
Jun ’24UK£2.21
UK£2.70
+22.0%
18.2%UK£3.93UK£1.77UK£2.6412
May ’24UK£2.27
UK£2.64
+16.0%
19.1%UK£3.88UK£1.74UK£2.5912
Apr ’24UK£2.35
UK£2.84
+20.8%
19.1%UK£3.87UK£1.81UK£2.6712
Mar ’24UK£2.79
UK£2.84
+1.9%
17.5%UK£3.90UK£1.82UK£2.4612
Feb ’24UK£2.50
UK£2.67
+7.1%
19.0%UK£3.81UK£1.77UK£2.3512
Jan ’24UK£2.14
UK£2.64
+23.4%
19.1%UK£3.89UK£1.80UK£2.3312
Dec ’23UK£2.17
UK£2.63
+21.2%
18.2%UK£3.60UK£1.79UK£2.1213
Nov ’23UK£2.20
UK£2.76
+25.8%
22.1%UK£3.84UK£1.32UK£2.2013

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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