ManpowerGroup
Market Cap
US$4.3b
Last Updated
2020/06/04 02:29 UTC
Data Sources
Company Financials +
Executive Summary
ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
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
Stable Share Price: MAN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.3%
MAN
4.4%
US Professional Services
2.4%
US Market
1 Year Return
-16.4%
MAN
14.6%
US Professional Services
9.2%
US Market
Return vs Industry: MAN underperformed the US Professional Services industry which returned 13.2% over the past year.
Return vs Market: MAN underperformed the US Market which returned 8.5% over the past year.
Shareholder returns
| MAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 4.4% | 2.4% |
| 30 Day | 7.3% | 11.2% | 10.2% |
| 90 Day | 2.2% | -0.03% | 3.4% |
| 1 Year | -14.2%-16.4% | 15.5%14.6% | 11.6%9.2% |
| 3 Year | -23.2%-28.3% | 49.2%44.8% | 33.7%24.9% |
| 5 Year | -6.1%-15.7% | 65.5%56.8% | 59.7%41.8% |
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
2 months ago | Simply Wall St
Does ManpowerGroup (NYSE:MAN) Have A Healthy Balance Sheet?2 months ago | Simply Wall St
A Sliding Share Price Has Us Looking At ManpowerGroup Inc.'s (NYSE:MAN) P/E Ratio2 months ago | Simply Wall St
Should You Be Concerned About ManpowerGroup Inc.'s (NYSE:MAN) Historical Volatility?Valuation
Is ManpowerGroup undervalued compared to its fair value and its price relative to the market?
2.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAN ($74.55) is trading below our estimate of fair value ($76.67)
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 (10.7x) compared to the Professional Services industry average (18.6x).
PE vs Market: MAN is good value based on its PE Ratio (10.7x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: MAN is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MAN is good value based on its PB Ratio (1.7x) compared to the US Professional Services industry average (2.8x).
Next Steps
Future Growth
How is ManpowerGroup forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
16.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAN's forecast earnings growth (16% per year) is above the savings rate (2.2%).
Earnings vs Market: MAN's earnings (16% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: MAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: MAN's revenue (5.4% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: MAN's revenue (5.4% 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?
4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAN has high quality earnings.
Growing Profit Margin: MAN's current net profit margins (2%) are lower than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: MAN's earnings have grown by 4.4% 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 (-19.3%) over the past year, making it difficult to compare to the Professional Services industry average (10.2%).
Return on Equity
High ROE: MAN's Return on Equity (15.7%) is considered low.
Next Steps
Financial Health
How is ManpowerGroup's financial position?
Financial Position Analysis
Short Term Liabilities: MAN's short term assets ($6.1B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: MAN's short term assets ($6.1B) exceed its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: MAN's debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: MAN's debt to equity ratio has increased from 14.7% to 39.5% over the past 5 years.
Debt Coverage: MAN's debt is well covered by operating cash flow (85.6%).
Interest Coverage: MAN's interest payments on its debt are well covered by EBIT (17.9x coverage).
Balance Sheet
Next Steps
Dividend
What is ManpowerGroup's current dividend yield, its reliability and sustainability?
2.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MAN's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: MAN's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
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 (31.3%), 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 (43.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Jonas Prising (54yo)
6.08yrs
Tenure
US$12,545,932
Compensation
Mr. Jonas Prising has been the Chairman and Chief Executive Officer of ManpowerGroup Inc. since December 31, 2015 and May 1, 2014 respectively. Mr. Prising has been the President of The Americas Operations ...
CEO Compensation Analysis
Compensation vs Market: Jonas's total compensation ($USD12.55M) is above average for companies of similar size in the US market ($USD5.90M).
Compensation vs Earnings: Jonas's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.08yrs | US$12.55m | 0.42% $18.1m | |
| Executive VP | 4.33yrs | US$4.13m | 0.016% $678.1k | |
| Senior VP | 7.42yrs | US$1.72m | 0.011% $477.3k | |
| Chief Technology Officer | 5.42yrs | no data | no data | |
| Senior VP & Chief Marketing Officer | 3.08yrs | no data | no data | |
| Chief People and Culture Officer | 0.92yr | no data | no data | |
| President of Southern Europe & Talent Solutions Global Brand Leader | 17.42yrs | no data | no data | |
| Regional President of France | 7.58yrs | no data | no data | |
| Senior Vice President of North America | 3.5yrs | no data | no data | |
| Regional President of North American | 2.92yrs | no data | no data |
4.9yrs
Average Tenure
53yo
Average Age
Experienced Management: MAN's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.08yrs | US$12.55m | 0.42% $18.1m | |
| Lead Independent Director | 3.08yrs | US$356.86k | 0.038% $1.7m | |
| Director | 2.5yrs | US$283.39k | 0.014% $617.6k | |
| Independent Director | 12.67yrs | US$283.20k | 0.013% $563.5k | |
| Independent Director | 9.83yrs | US$287.91k | 0.038% $1.7m | |
| Independent Director | 9.17yrs | US$301.90k | 0.018% $776.8k | |
| Independent Director | 4.42yrs | US$298.44k | no data | |
| Independent Director | 13.33yrs | US$275.00k | 0.012% $532.3k | |
| Independent Director | 13.08yrs | US$275.00k | 0.032% $1.4m | |
| Independent Director | 5.5yrs | US$303.20k | 0.0092% $399.0k |
7.3yrs
Average Tenure
63yo
Average Age
Experienced Board: MAN's board of directors are considered experienced (7.3 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
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$4.328b
- Shares outstanding: 58.05m
- Website: https://www.manpowergroup.com
Number of Employees
Location
- ManpowerGroup Inc.
- 100 Manpower Place
- Milwaukee
- Wisconsin
- 53212
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MAN | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1991 |
| MPW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 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 permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; contingent staffing and permanent recruitment services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; solutions in the areas of organizational efficiency, individual development, and career mobility; and recruitment process outsourcing, TAPFIN managed, and talent based outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,500 offices in 75 countries and territories. The company was founded in 1948 and is headquartered in Milwaukee, Wisconsin.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 02:29 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.