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MN

Manning & NapierNYSE:MN Stock Report

Market Cap

US$171.5m

7D

1.2%

1Y

117.3%

Updated

28 Sep, 2021

Data

Company Financials
MN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends1/6

MN Overview

Manning & Napier, Inc. is publicly owned investment manager.

Manning & Napier Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Manning & Napier
Historical stock prices
Current Share PriceUS$9.06
52 Week HighUS$3.75
52 Week LowUS$10.25
Beta3.15
1 Month Change-5.53%
3 Month Change15.12%
1 Year Change117.27%
3 Year Change207.12%
5 Year Change23.43%
Change since IPO-24.50%

Recent News & Updates

Shareholder Returns

MNUS Capital MarketsUS Market
7D1.2%3.6%2.0%
1Y117.3%63.3%32.8%

Return vs Industry: MN exceeded the US Capital Markets industry which returned 63.3% over the past year.

Return vs Market: MN exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is MN's price volatile compared to industry and market?
MN volatility
MN Beta3.15
Industry Beta1.19
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1970274Marc Mayerhttps://www.manning-napier.com

Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios.

Manning & Napier Fundamentals Summary

How do Manning & Napier's earnings and revenue compare to its market cap?
MN fundamental statistics
Market CapUS$171.49m
Earnings (TTM)US$18.65m
Revenue (TTM)US$135.81m

9.2x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MN income statement (TTM)
RevenueUS$135.81m
Cost of RevenueUS$83.63m
Gross ProfitUS$52.18m
ExpensesUS$33.53m
EarningsUS$18.65m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.99
Gross Margin38.42%
Net Profit Margin13.73%
Debt/Equity Ratio0%

How did MN perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

0%

Payout Ratio

Valuation

Is Manning & Napier 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: MN ($9.06) is trading below our estimate of fair value ($22.07)

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


Price To Earnings Ratio

PE vs Industry: MN is good value based on its PE Ratio (9.2x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: MN is good value based on its PE Ratio (9.2x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MN is good value based on its PB Ratio (2.1x) compared to the US Capital Markets industry average (61.3x).


Future Growth

How is Manning & Napier forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Manning & Napier has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Manning & Napier performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MN has high quality earnings.

Growing Profit Margin: MN's current net profit margins (13.7%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: MN's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: MN's earnings growth over the past year (544.4%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: MN earnings growth over the past year (544.4%) exceeded the Capital Markets industry 78.6%.


Return on Equity

High ROE: MN's Return on Equity (26.9%) is considered high.


Financial Health

How is Manning & Napier's financial position?


Financial Position Analysis

Short Term Liabilities: MN's short term assets ($106.2M) exceed its short term liabilities ($41.7M).

Long Term Liabilities: MN's short term assets ($106.2M) exceed its long term liabilities ($31.0M).


Debt to Equity History and Analysis

Debt Level: MN is debt free.

Reducing Debt: MN has not had any debt for past 5 years.

Debt Coverage: MN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Manning & Napier current dividend yield, its reliability and sustainability?

2.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MN's dividend (2.21%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: MN's dividend (2.21%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: MN's dividend payments have been volatile in the past 10 years.

Growing Dividend: MN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as MN has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Marc Mayer (63 yo)

2.67yrs

Tenure

US$1,979,481

Compensation

Mr. Marc Orlans Mayer serves as Chairman of the Board at Manning & Napier, Inc. since July 30, 2020. Mr. Mayer is the Chief Executive Officer at Rainier Investment Management, LLC and Manning & Napier Advi...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD1.98M) is above average for companies of similar size in the US market ($USD1.08M).

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


Leadership Team

Experienced Management: MN's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: MN's board of directors are not considered experienced ( 2.8 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: MN insiders have only sold shares 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 3.4%.


Top Shareholders

Company Information

Manning & Napier, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Manning & Napier, Inc.
  • Ticker: MN
  • Exchange: NYSE
  • Founded: 1970
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$171.489m
  • Market Cap: US$167.574m
  • Shares outstanding: 18.92m
  • Website: https://www.manning-napier.com

Number of Employees


Location

  • Manning & Napier, Inc.
  • 290 Woodcliff Drive
  • Fairport
  • New York
  • 14450
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 23:25
End of Day Share Price2021/09/28 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.