LSE:MNZS

Stock Analysis Report

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Executive Summary

John Menzies plc provides aviation services in the United Kingdom, the United States, Australia, and internationally. More Details


Snowflake Analysis

Reasonable growth potential with worrying balance sheet.

Share Price & News

How has John Menzies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MNZS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.7%

MNZS

-5.9%

GB Infrastructure

-3.4%

GB Market


1 Year Return

-72.6%

MNZS

-35.5%

GB Infrastructure

-19.7%

GB Market

Return vs Industry: MNZS underperformed the UK Infrastructure industry which returned -33.7% over the past year.

Return vs Market: MNZS underperformed the UK Market which returned -17.2% over the past year.


Shareholder returns

MNZSIndustryMarket
7 Day-4.7%-5.9%-3.4%
30 Day-1.8%-1.2%-4.5%
90 Day-5.2%-2.6%-5.1%
1 Year-72.6%-72.6%-26.1%-35.5%-16.6%-19.7%
3 Year-82.5%-83.9%-27.1%-40.4%-12.8%-23.6%
5 Year-65.9%-73.7%17.2%-7.6%9.9%-14.9%

Price Volatility Vs. Market

How volatile is John Menzies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is John Menzies undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: MNZS (£1.1) is trading above our estimate of fair value (£0.83)

Significantly Below Fair Value: MNZS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MNZS is unprofitable, so we can't compare its PE Ratio to the XE Infrastructure industry average.

PE vs Market: MNZS is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MNZS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MNZS has negative assets, so we can't compare its PB Ratio to the GB Infrastructure industry average.


Next Steps

Future Growth

How is John Menzies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

100.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNZS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: MNZS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MNZS's is expected to become profitable in the next 3 years.

Revenue vs Market: MNZS's revenue (9.3% per year) is forecast to grow faster than the UK market (5.8% per year).

High Growth Revenue: MNZS's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MNZS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has John Menzies performed over the past 5 years?

-57.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNZS is currently unprofitable.

Growing Profit Margin: MNZS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNZS is unprofitable, and losses have increased over the past 5 years at a rate of 57.7% per year.

Accelerating Growth: Unable to compare MNZS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MNZS is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-47.7%).


Return on Equity

High ROE: MNZS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is John Menzies's financial position?


Financial Position Analysis

Short Term Liabilities: MNZS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MNZS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MNZS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MNZS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: MNZS's debt is well covered by operating cash flow (38.5%).

Interest Coverage: Insufficient data to determine if MNZS's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is John Menzies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MNZS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MNZS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MNZS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MNZS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MNZS is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MNZS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

John Menzies has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Philipp Joeinig
Executive Chairman1.25yrsUK£205.82k1.54%
£ 1.4m
Alvaro Gomez-Reino
CFO & Executive Director0.83yrUK£294.00k0.036%
£ 32.9k
John F. Geddes
Corporate Affairs Director3.92yrsUK£333.00k0.080%
£ 74.4k
Mervyn Walker
Chief Operating Officer1yrno datano data
Claire Hall
Group Executive Vice President of Peopleno datano datano data
Philip Harnden
Executive Vice President of Commercial - Menzies Aviationno datano datano data
Andrew Lord
Executive Vice President of Europe3.92yrsno datano data
Terry Trainor
Senior Vice-President of US Operations - Menzies Aviationno datano datano data

2.5yrs

Average Tenure

55yo

Average Age

Experienced Management: MNZS's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philipp Joeinig
Executive Chairman1.25yrsUK£205.82k1.54%
£ 1.4m
Alvaro Gomez-Reino
CFO & Executive Director0.83yrUK£294.00k0.036%
£ 32.9k
John F. Geddes
Corporate Affairs Director3.92yrsUK£333.00k0.080%
£ 74.4k
Paul Baines
Independent Non-Executive Director4.33yrsUK£46.00k0.0036%
£ 3.3k
David N. Garman
Independent Deputy Chairman & Senior Independent Director1.25yrsUK£71.00k0.072%
£ 66.8k
Drusilla Maizey
Independent Non-Executive Director6.42yrsUK£46.00k0.0065%
£ 6.0k
Christian Kappelhoff-Wulff
Non-Independent Non-Executive Director1.42yrsUK£28.00kno data

1.4yrs

Average Tenure

64yo

Average Age

Experienced Board: MNZS's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

John Menzies plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: John Menzies plc
  • Ticker: MNZS
  • Exchange: LSE
  • Founded: 1833
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: UK£92.572m
  • Shares outstanding: 84.31m
  • Website: https://www.johnmenziesplc.com

Number of Employees


Location

  • John Menzies plc
  • 2 Lochside Avenue
  • Edinburgh Park
  • Edinburgh
  • EH12 9DJ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNZSLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
MZTL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
MNZSLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992
B3NDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

John Menzies plc provides aviation services in the United Kingdom, the United States, Australia, and internationally. The company offers ground and cargo handling; into-plane fueling services and fuel farm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 20:45
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.