Manchester United plc

NYSE:MANU Stock Report

Market Cap: US$3.0b

Manchester United Valuation

Is MANU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MANU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MANU ($17.5) is trading above our estimate of fair value ($2.29)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MANU?

Key metric: As MANU is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MANU. This is calculated by dividing MANU's market cap by their current revenue.
What is MANU's PS Ratio?
PS Ratio3.6x
SalesUK£661.76m
Market CapUK£2.36b

Price to Sales Ratio vs Peers

How does MANU's PS Ratio compare to its peers?

The above table shows the PS ratio for MANU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
BATR.K Atlanta Braves Holdings
3.7x3.8%US$2.5b
CNK Cinemark Holdings
1.4x9.2%US$3.9b
LION Lionsgate Studios
0.7x6.7%US$2.0b
IQ iQIYI
0.4x1.6%US$1.9b
MANU Manchester United
3.6x5.1%US$3.0b

Price-To-Sales vs Peers: MANU is expensive based on its Price-To-Sales Ratio (3.6x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does MANU's PS Ratio compare vs other companies in the US Entertainment Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
IQ iQIYI
0.4x1.6%US$1.87b
LGF.A Lions Gate Entertainment
0.5x5.1%US$1.77b
AMC AMC Entertainment Holdings
0.4x9.0%US$1.71b
RDBX Redbox Entertainment
0.08x34.4%US$76.65m
MANU 3.6xIndustry Avg. 1.4xNo. of Companies26PS0246810+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MANU is expensive based on its Price-To-Sales Ratio (3.6x) compared to the US Entertainment industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is MANU's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MANU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.6x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: MANU is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MANU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.50
US$19.52
+11.5%
22.9%US$25.82US$15.89n/a3
Nov ’25US$16.69
US$19.52
+16.9%
22.9%US$25.82US$15.89n/a3
Oct ’25US$15.99
US$20.36
+27.4%
20.9%US$26.19US$16.12n/a3
Sep ’25US$17.23
US$20.16
+17.0%
21.5%US$26.12US$15.90n/a3
Aug ’25US$16.79
US$20.16
+20.1%
21.5%US$26.12US$15.90n/a3
Jul ’25US$16.32
US$19.03
+16.6%
26.1%US$26.03US$15.02n/a3
Jun ’25US$16.88
US$19.03
+12.7%
26.1%US$26.03US$15.02n/a3
May ’25US$16.02
US$19.03
+18.8%
26.1%US$26.03US$15.02n/a3
Apr ’25US$13.87
US$19.03
+37.2%
26.1%US$26.03US$15.02n/a3
Mar ’25US$14.83
US$22.80
+53.7%
10.1%US$25.86US$20.32n/a3
Feb ’25US$19.73
US$24.12
+22.3%
6.2%US$26.04US$22.36n/a3
Jan ’25US$20.38
US$23.60
+15.8%
8.3%US$26.22US$21.52n/a3
Dec ’24US$19.35
US$23.60
+22.0%
8.3%US$26.22US$21.52n/a3
Nov ’24US$17.92
US$24.12
+34.6%
8.3%US$26.03US$21.37US$16.693
Oct ’24US$19.79
US$23.99
+21.2%
6.1%US$25.47US$22.01US$15.993
Sep ’24US$23.66
US$28.71
+21.3%
20.3%US$38.80US$25.00US$17.234
Aug ’24US$20.26
US$28.91
+42.7%
19.9%US$38.83US$25.02US$16.794
Jul ’24US$24.38
US$28.91
+18.6%
19.9%US$38.83US$25.02US$16.324
Jun ’24US$18.58
US$27.95
+50.4%
20.2%US$37.71US$24.03US$16.884
May ’24US$19.14
US$27.95
+46.0%
20.2%US$37.71US$24.03US$16.024
Apr ’24US$22.15
US$27.87
+25.8%
20.1%US$37.56US$23.93US$13.874
Mar ’24US$20.45
US$27.58
+34.9%
19.9%US$37.08US$23.76US$14.834
Feb ’24US$22.49
US$24.58
+9.3%
1.9%US$24.91US$23.91US$19.733
Jan ’24US$23.33
US$24.58
+5.3%
1.9%US$24.91US$23.91US$20.383
Dec ’23US$22.56
US$16.45
-27.1%
2.6%US$17.03US$16.01US$19.353
Nov ’23US$13.11
US$16.40
+25.1%
4.3%US$16.90US$15.40US$17.923

Analyst Forecast: Target price is less than 20% higher than the current share price.

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