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MANU

Manchester UnitedNYSE:MANU Stock Report

Market Cap

US$2.5b

7D

-0.7%

1Y

-1.9%

Updated

27 Nov, 2021

Data

Company Financials +
MANU fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MANU Stock Overview

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom.

Manchester United Competitors

Juventus Football Club

BIT:JUVE

€764.2m

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien

XTRA:BVB

€462.0m

Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi Ticaret

IBSE:TSPOR

₺3.9b

AFC Ajax

ENXTAM:AJAX

€270.4m

Price History & Performance

Summary of all time highs, changes and price drops for Manchester United
Historical stock prices
Current Share PriceUS$15.49
52 Week HighUS$20.86
52 Week LowUS$14.26
Beta0.72
1 Month Change-4.97%
3 Month Change-15.31%
1 Year Change-1.90%
3 Year Change-15.82%
5 Year Change5.73%
Change since IPO10.64%

Recent News & Updates

Nov 21
Manchester United (NYSE:MANU) Has Affirmed Its Dividend Of US$0.09

Manchester United (NYSE:MANU) Has Affirmed Its Dividend Of US$0.09

The board of Manchester United plc ( NYSE:MANU ) has announced that it will pay a dividend of US$0.09 per share on the...

Sep 18
Is Manchester United (NYSE:MANU) Using Too Much Debt?

Is Manchester United (NYSE:MANU) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

MANUUS EntertainmentUS Market
7D-0.7%-3.3%-2.7%
1Y-1.9%9.9%21.3%

Return vs Industry: MANU underperformed the US Entertainment industry which returned 9.9% over the past year.

Return vs Market: MANU underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is MANU's price volatile compared to industry and market?
MANU volatility
MANU Average Weekly Movement5.3%
Entertainment Industry Average Movement8.9%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: MANU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MANU's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18781,044Richard Arnoldhttps://www.manutd.com

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.

Manchester United Fundamentals Summary

How do Manchester United's earnings and revenue compare to its market cap?
MANU fundamental statistics
Market CapUK£1.90b
Earnings (TTM)-UK£77.48m
Revenue (TTM)UK£511.61m

3.7x

P/S Ratio

-24.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MANU income statement (TTM)
RevenueUK£511.61m
Cost of RevenueUK£38.42m
Gross ProfitUK£473.18m
ExpensesUK£550.67m
Earnings-UK£77.48m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.48
Gross Margin92.49%
Net Profit Margin-15.15%
Debt/Equity Ratio220.2%

How did MANU perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

-27%

Payout Ratio

Does MANU pay a reliable dividends?

See MANU dividend history and benchmarks
When do you need to buy MANU by to receive an upcoming dividend?
Manchester United dividend dates
Ex Dividend DateNov 30 2021
Dividend Pay DateJan 07 2022
Days until Ex dividend1 day
Days until Dividend pay date39 days

Does MANU pay a reliable dividends?

See MANU dividend history and benchmarks

Valuation

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

7.69x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MANU ($15.49) is trading above our estimate of fair value ($6.33)

Significantly Below Fair Value: MANU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MANU is unprofitable, so we can't compare its PE Ratio to the US Entertainment industry average.

PE vs Market: MANU is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MANU is overvalued based on its PB Ratio (7.7x) compared to the US Entertainment industry average (2.5x).


Future Growth

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

105.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MANU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: MANU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MANU's is expected to become profitable in the next 3 years.

Revenue vs Market: MANU's revenue (6.6% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: MANU's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MANU's Return on Equity is forecast to be low in 3 years time (3%).


Past Performance

How has Manchester United performed over the past 5 years?

-60.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANU is currently unprofitable.

Growing Profit Margin: MANU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MANU is unprofitable, and losses have increased over the past 5 years at a rate of 60.2% per year.

Accelerating Growth: Unable to compare MANU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MANU is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (18.9%).


Return on Equity

High ROE: MANU has a negative Return on Equity (-31.41%), as it is currently unprofitable.


Financial Health

How is Manchester United's financial position?


Financial Position Analysis

Short Term Liabilities: MANU's short term assets (£213.0M) do not cover its short term liabilities (£493.5M).

Long Term Liabilities: MANU's short term assets (£213.0M) do not cover its long term liabilities (£641.2M).


Debt to Equity History and Analysis

Debt Level: MANU's net debt to equity ratio (180.2%) is considered high.

Reducing Debt: MANU's debt to equity ratio has increased from 112.2% to 220.2% over the past 5 years.


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 MANU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MANU is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.9% per year.


Dividend

What is Manchester United current dividend yield, its reliability and sustainability?

1.15%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 28 2021Ex Dividend DateNov 30 2021Dividend Pay DateJan 07 202238 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MANU's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: MANU's dividend (1.15%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MANU has been paying a dividend for less than 10 years.

Growing Dividend: MANU's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: MANU is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: MANU's dividends in 3 years are not forecast to be well covered by earnings (290.1% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Richard Arnold (50 yo)

8.33yrs

Tenure

Mr. Richard Arnold has been the Group Managing Director of Manchester United plc since July 1, 2013 and has been its Director since August 2012. Mr. Arnold oversees all commercial and operational aspects o...


Leadership Team

Experienced Management: MANU's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: MANU's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MANU insiders have only sold shares 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

Manchester United plc's employee growth, exchange listings and data sources


Key Information

  • Name: Manchester United plc
  • Ticker: MANU
  • Exchange: NYSE
  • Founded: 1878
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: US$2.525b
  • Shares outstanding: 163.00m
  • Website: https://www.manutd.com

Number of Employees


Location

  • Manchester United plc
  • Sir Matt Busby Way
  • Old Trafford
  • Manchester
  • Greater Manchester
  • M16 0RA
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:18
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/06/30


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.