MNZS

John MenziesLSE:MNZS Stock Report

Market Cap

UK£257.6m

7D

-4.5%

1Y

142.3%

Updated

16 Sep, 2021

Data

Company Financials +
MNZS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MNZS Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for John Menzies
Historical stock prices
Current Share PriceUK£2.84
52 Week HighUK£0.98
52 Week LowUK£3.66
Beta3.39
1 Month Change-9.14%
3 Month Change-16.62%
1 Year Change142.31%
3 Year Change-50.26%
5 Year Change-51.91%
Change since IPO-30.69%

Recent News & Updates

Shareholder Returns

MNZSGB InfrastructureGB Market
7D-4.5%-5.2%-0.2%
1Y142.3%7.7%19.4%

Return vs Industry: MNZS exceeded the UK Infrastructure industry which returned 8% over the past year.

Return vs Market: MNZS exceeded the UK Market which returned 19.2% over the past year.

Price Volatility

Is MNZS's price volatile compared to industry and market?
MNZS volatility
MNZS Beta3.39
Industry Beta1.04
Market Beta1

Stable Share Price: MNZS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MNZS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
183323,986Philipp Joeinighttps://www.menziesaviation.com

John Menzies plc provides aviation services in the United Kingdom, the United States, Australia, and internationally. It offers ground and cargo handling; into-plane fueling services and fuel farm management to airlines, airports, oil companies, and other partners; executive services, which includes lounge provision and meet-and-greet services for executive and VIP air travel; and offline services for airline customers, as well as cargo forwarding services. The company was founded in 1833 and is based in Edinburgh, the United Kingdom.

John Menzies Fundamentals Summary

How do John Menzies's earnings and revenue compare to its market cap?
MNZS fundamental statistics
Market CapUK£257.56m
Earnings (TTM)-UK£36.70m
Revenue (TTM)UK£808.50m

0.3x

P/S Ratio

-7.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNZS income statement (TTM)
RevenueUK£808.50m
Cost of RevenueUK£93.60m
Gross ProfitUK£714.90m
ExpensesUK£751.60m
Earnings-UK£36.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.43
Gross Margin88.42%
Net Profit Margin-4.54%
Debt/Equity Ratio-6,168.3%

How did MNZS perform over the long term?

See historical performance and comparison

Valuation

Is John Menzies 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: MNZS (£2.84) is trading below our estimate of fair value (£12.73)

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


Price To Earnings Ratio

PE vs Industry: MNZS is unprofitable, so we can't compare its PE Ratio to the European 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.


Future Growth

How is John Menzies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

72.6%

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 (0.9%).

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 (13.3% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: MNZS's revenue (13.3% 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


Past Performance

How has John Menzies performed over the past 5 years?

-72.4%

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 72.4% 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 (7.3%).


Return on Equity

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


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.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MNZS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MNZS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.4% per year.


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?

1.9yrs

Average management tenure


CEO

Philipp Joeinig

no data

Tenure

UK£255,000

Compensation

Mr. Philipp Joeinig has been Executive Chairman and Executive Director at John Menzies plc since July 12, 2019 and was its Non-Executive Director since June 01, 2017 until July 12, 2019 and is its Chief Ex...


CEO Compensation Analysis

Compensation vs Market: Philipp's total compensation ($USD351.29K) is below average for companies of similar size in the UK market ($USD733.96K).

Compensation vs Earnings: Philipp's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MNZS's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: MNZS's board of directors are not considered experienced ( 2.3 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 been diluted in the past year, with total shares outstanding growing by 7.8%.


Top Shareholders

Company Information

John Menzies plc's 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£257.558m
  • Shares outstanding: 90.85m
  • Website: https://www.menziesaviation.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:30
End of Day Share Price2021/09/16 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.