NYSE:MAN

Stock Analysis Report

Executive Summary

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

7.2%

MAN

-1.3%

US Professional Services

0.07%

US Market


1 Year Return

22.1%

MAN

20.2%

US Professional Services

8.9%

US Market

Return vs Industry: MAN exceeded the US Professional Services industry which returned 20.2% over the past year.

Return vs Market: MAN exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

MANIndustryMarket
7 Day7.2%-1.3%0.07%
30 Day7.4%-1.4%-0.3%
90 Day-2.8%-3.5%-1.6%
1 Year25.2%22.1%21.4%20.2%11.3%8.9%
3 Year22.3%14.9%53.7%48.6%46.3%36.8%
5 Year51.5%37.2%83.0%73.0%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

30.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAN ($90.12) is trading below our estimate of fair value ($130.21)

Significantly Below Fair Value: MAN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MAN is good value based on its PE Ratio (11.2x) compared to the Professional Services industry average (20.2x).

PE vs Market: MAN is good value based on its PE Ratio (11.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAN is good value based on its PB Ratio (2x) compared to the US Professional Services industry average (2.4x).


Next Steps

Future Growth

How is ManpowerGroup forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-0.05%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAN's earnings are forecast to decline over the next 3 years (-0.05% per year).

Earnings vs Market: MAN's earnings are forecast to decline over the next 3 years (-0.05% per year).

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

Revenue vs Market: MAN's revenue (0.5% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: MAN's revenue (0.5% 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 MAN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ManpowerGroup performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MAN's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: MAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAN had negative earnings growth (-21.1%) over the past year, making it difficult to compare to the Professional Services industry average (36.8%).


Return on Equity

High ROE: MAN's Return on Equity (17.9%) is considered low.


Return on Assets

ROA vs Industry: MAN's Return on Assets is below or equal to the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: MAN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is ManpowerGroup's financial position?


Financial Position Analysis

Short Term Liabilities: MAN's short term assets ($6.1B) exceeds its short term liabilities ($4.1B)

Long Term Liabilities: MAN's short term assets (6.1B) exceeds its long term liabilities (1.9B)


Debt to Equity History and Analysis

Debt Level: MAN's debt to equity ratio (33.3%) is considered satisfactory

Reducing Debt: MAN's debt to equity ratio has increased from 15.9% to 33.3% over the past 5 years.

Debt Coverage: MAN's debt is well covered by operating cash flow (74.9%).

Interest Coverage: MAN's interest payments on its debt are well covered by EBIT (20.3x coverage).


Balance Sheet

Inventory Level: MAN has a low level of unsold assets or inventory.

Debt Coverage by Assets: MAN's debt is covered by short term assets (assets are 6.7x debt).


Next Steps

Dividend

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

2.42%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MAN's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: MAN's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: MAN's dividends per share have been stable in the past 10 years.

Growing Dividend: MAN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.2%), MAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MAN's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).


Next Steps

Management

What is the CEO of ManpowerGroup's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Jonas Prising (54yo)

5.4yrs

Tenure

US$11,444,010

Compensation

Mr. Jonas Prising has been the Chairman and Chief Executive Officer of ManpowerGroup Inc. since December 31, 2015 and May 1, 2014 respectively. Mr. Prising has been the President of The Americas Operations ...


CEO Compensation Analysis

Compensation vs. Market: Jonas's total compensation ($USD11.44M) is about average for companies of similar size in the US market ($USD6.88M).

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


Management Age and Tenure

4.8yrs

Average Tenure

52yo

Average Age

Experienced Management: MAN's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

6.7yrs

Average Tenure

63yo

Average Age

Experienced Board: MAN's board of directors are considered experienced (6.7 years average tenure).


Insider Trading

Insider Buying: MAN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$149,50323 Aug 19
Richard Buchband
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares1,750
Max PriceUS$85.43
SellUS$1,256,30222 Aug 19
Mara Swan
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Global Strategy & Talent
Shares14,871
Max PriceUS$84.48
SellUS$1,248,53925 Feb 19
Sriram Chandrashekar
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Operational Excellence
Shares14,706
Max PriceUS$84.90
SellUS$149,45025 Feb 19
Ulice Payne
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,750
Max PriceUS$85.40
SellUS$288,61413 Feb 19
Richard Buchband
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares3,471
Max PriceUS$83.15
BuyUS$324,84029 Nov 18
William Downe
EntityIndividual
Role
Lead Director
Lead Director
Shares4,000
Max PriceUS$81.21
SellUS$575,50916 Nov 18
John Walter
EntityIndividual
Shares7,403
Max PriceUS$77.74

Ownership Breakdown


Management Team

  • Richard Buchband (55yo)

    Senior VP

    • Tenure: 6.8yrs
    • Compensation: US$1.58m
  • Mara Swan (59yo)

    Executive Vice President of Global Strategy & Talent

    • Tenure: 0yrs
    • Compensation: US$2.36m
  • Stefano Scabbio

    Regional President of Southern Europe

    • Tenure: 16.8yrs
  • Jonas Prising (54yo)

    Chairman & CEO

    • Tenure: 5.4yrs
    • Compensation: US$11.44m
  • Jack McGinnis (52yo)

    Executive VP

    • Tenure: 3.7yrs
    • Compensation: US$3.69m
  • Ram Chandrashekar (52yo)

    Executive Vice President of Operational Excellence

    • Tenure: 5.7yrs
    • Compensation: US$3.47m
  • Michelle Nettles (47yo)

    Chief People and Culture Officer

    • Tenure: 0.3yrs
  • Donald Mondano (47yo)

    Senior VP

    • Tenure: 1.2yrs
  • April Dunn

    Senior VP & Chief Marketing Officer

    • Tenure: 2.4yrs
  • Ganesh Ramakrishnan

    Chief Technology Officer

    • Tenure: 4.8yrs

Board Members

  • Bill Downe (66yo)

    Lead Director

    • Tenure: 2.4yrs
    • Compensation: US$345.10k
  • Mike Van Handel (59yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$277.64k
  • Ulice Payne (63yo)

    Independent Director

    • Tenure: 12yrs
    • Compensation: US$282.62k
  • Libby Sartain (64yo)

    Independent Director

    • Tenure: 9.2yrs
    • Compensation: US$275.00k
  • Pat Hemingway Hall (66yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: US$294.35k
  • John Ferraro (63yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$288.73k
  • Gina Boswell (56yo)

    Independent Director

    • Tenure: 12.7yrs
    • Compensation: US$281.76k
  • Jonas Prising (54yo)

    Chairman & CEO

    • Tenure: 5.4yrs
    • Compensation: US$11.44m
  • Cari Dominguez (67yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$275.00k
  • Paul Read (53yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$290.79k

Company Information

ManpowerGroup Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ManpowerGroup Inc.
  • Ticker: MAN
  • Exchange: NYSE
  • Founded: 1948
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$5.393b
  • Shares outstanding: 59.84m
  • Website: https://www.manpowergroup.com

Number of Employees


Location

  • ManpowerGroup Inc.
  • 100 Manpower Place
  • Milwaukee
  • Wisconsin
  • 53212
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1991
MPWDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1991

Biography

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:40
End of Day Share Price2019/10/23 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.