MN Stock Overview
Manning & Napier, Inc. is publicly owned investment manager.
Manning & Napier Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.83|
|52 Week High||US$10.25|
|52 Week Low||US$4.50|
|1 Month Change||-8.50%|
|3 Month Change||-9.06%|
|1 Year Change||90.71%|
|3 Year Change||385.16%|
|5 Year Change||14.68%|
|Change since IPO||-26.42%|
Recent News & Updates
|MN||US Capital Markets||US Market|
Return vs Industry: MN exceeded the US Capital Markets industry which returned 50.4% over the past year.
Return vs Market: MN exceeded the US Market which returned 23.3% over the past year.
|MN Average Weekly Movement||6.8%|
|Capital Markets Industry Average Movement||0.8%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: MN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MN's weekly volatility (7%) has been stable over the past year.
About the Company
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
|MN fundamental statistics|
Is MN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MN income statement (TTM)|
|Cost of Revenue||US$83.22m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.20|
|Net Profit Margin||16.05%|
How did MN perform over the long term?See historical performance and comparison
2.3%Current Dividend Yield
Is Manning & Napier undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MN ($8.83) is trading below our estimate of fair value ($23.01)
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 (7.4x) compared to the US Capital Markets industry average (15x).
PE vs Market: MN is good value based on its PE Ratio (7.4x) compared to the US market (17.1x).
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 (1.9x) compared to the US Capital Markets industry average (50.3x).
How is Manning & Napier forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Manning & Napier performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MN has high quality earnings.
Growing Profit Margin: MN's current net profit margins (16%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: MN's earnings have grown significantly by 21.2% per year over the past 5 years.
Accelerating Growth: MN's earnings growth over the past year (398%) exceeds its 5-year average (21.2% per year).
Earnings vs Industry: MN earnings growth over the past year (398%) exceeded the Capital Markets industry 87.1%.
Return on Equity
High ROE: MN's Return on Equity (29.3%) is considered high.
How is Manning & Napier's financial position?
Financial Position Analysis
Short Term Liabilities: MN's short term assets ($115.4M) exceed its short term liabilities ($44.5M).
Long Term Liabilities: MN's short term assets ($115.4M) exceed its long term liabilities ($30.7M).
Debt to Equity History and Analysis
Debt Level: MN is debt free.
Reducing Debt: MN has not had any debt for past 5 years.
Debt Coverage: MN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MN has no debt, therefore coverage of interest payments is not a concern.
What is Manning & Napier current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MN's dividend (2.27%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: MN's dividend (2.27%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: MN's dividend payments have been volatile in the past 10 years.
Growing Dividend: MN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (3.8%), MN's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marc Mayer (63 yo)
Mr. Marc Orlans Mayer serves as Chairman of the Board at Manning & Napier, Inc. since July 30, 2020. Mr. Mayer is the Chief Executive Officer at Rainier Investment Management, LLC and Manning & Napier Advi...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD1.98M) is above average for companies of similar size in the US market ($USD1.09M).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
Experienced Management: MN's management team is considered experienced (3.5 years average tenure).
Experienced Board: MN's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
Manning & Napier, Inc.'s employee growth, exchange listings and data sources
- Name: Manning & Napier, Inc.
- Ticker: MN
- Exchange: NYSE
- Founded: 1970
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$166.769m
- Market Cap: US$163.051m
- Shares outstanding: 18.89m
- Website: https://www.manning-napier.com
Number of Employees
- Manning & Napier, Inc.
- 290 Woodcliff Drive
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/30 00:27|
|End of Day Share Price||2021/11/29 00:00|
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.