Financials Manchester United plc

Equities

MANU

KYG5784H1065

Leisure & Recreation

Market Closed - Nyse 16:00:02 2024-07-19 EDT 5-day change 1st Jan Change
16.69 USD +0.06% Intraday chart for Manchester United plc -0.95% -18.11%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,343 2,099 1,790 1,491 3,132 2,165 - -
Enterprise Value (EV) 1 2,547 2,573 2,210 2,010 3,669 2,587 2,538 2,464
P/E ratio 124 x -90.4 x -19.4 x -12.9 x -109 x -37.2 x -40.7 x -61.1 x
Yield 1.01% 1.08% 1.2% 2.7% - 1.37% 1.37% 0.68%
Capitalization / Revenue 3.74 x 4.12 x 3.62 x 2.56 x 4.83 x 3.32 x 3.01 x 2.97 x
EV / Revenue 4.06 x 5.05 x 4.47 x 3.45 x 5.66 x 3.97 x 3.53 x 3.38 x
EV / EBITDA 13.7 x 19.5 x 23.2 x 24.8 x 23.7 x 18 x 13.2 x 12.5 x
EV / FCF 11 x -13.2 x 56.2 x 71.1 x -82.7 x 68.1 x 39.7 x 15.4 x
FCF Yield 9.07% -7.59% 1.78% 1.41% -1.21% 1.47% 2.52% 6.49%
Price to Book 5.64 x 5.98 x 6.57 x 11.7 x 30.1 x 22 x 54.7 x -214 x
Nbr of stocks (in thousands) 164,526 164,261 162,939 163,003 163,062 167,537 - -
Reference price 2 14.24 12.78 10.99 9.145 19.21 12.92 12.92 12.92
Announcement Date 19-09-24 20-10-21 21-09-17 22-09-22 23-10-26 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 627.1 509 494.1 583.2 648.4 651.6 719.9 729.6
EBITDA 1 185.8 132.1 95.05 81.15 154.9 143.5 192 197
EBIT 1 49.98 5.221 -36.93 -87.38 -11.18 -53.45 -16.71 -1.03
Operating Margin 7.97% 1.03% -7.47% -14.98% -1.72% -8.2% -2.32% -0.14%
Earnings before Tax (EBT) 1 27.48 -20.82 -24.03 -149.6 -32.57 -83.76 -68.66 -46.72
Net income 1 18.9 -23.23 -92.22 -115.5 -28.68 -57.15 -53.03 -36.04
Net margin 3.01% -4.56% -18.66% -19.81% -4.42% -8.77% -7.37% -4.94%
EPS 2 0.1147 -0.1414 -0.5660 -0.7086 -0.1759 -0.3469 -0.3179 -0.2114
Free Cash Flow 1 231 -195.4 39.34 28.27 -44.39 38 64 160
FCF margin 36.84% -38.38% 7.96% 4.85% -6.85% 5.83% 8.89% 21.93%
FCF Conversion (EBITDA) 124.36% - 41.39% 34.84% - 26.48% 33.33% 81.22%
FCF Conversion (Net income) 1,222.47% - - - - - - -
Dividend per Share 2 0.1444 0.1380 0.1316 0.2470 - 0.1775 0.1775 0.0875
Announcement Date 19-09-24 20-10-21 21-09-17 22-09-22 23-10-26 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 185.4 152.8 118.5 143.7 167.4 170 167.3 157.1 225.8 136.7 140 180 192 193 189
EBITDA 1 57.95 20.44 -8.424 23.63 48.31 39.76 43.23 23.28 91.34 13.71 22 33 45 60 60
EBIT 1 5.405 -21.8 -60.82 -3.382 -2.86 -4.678 -0.26 1.815 27.49 -66.25 -26 -17 -9 9 12
Operating Margin 2.91% -14.26% -51.35% -2.35% -1.71% -2.75% -0.16% 1.16% 12.18% -48.47% -18.57% -9.44% -4.69% 4.66% 6.35%
Earnings before Tax (EBT) 1 -2.067 -35.91 -91.83 -34.37 9.255 -5.679 -1.78 -32.8 27.22 -83.57 -43.8 -51.4 -24.8 -8 -5.1
Net income 1 -1.402 -27.73 -70.84 -26.52 6.306 -5.547 -2.921 -25.76 20.37 -71.5 -37 -41 -20 -6 -4
Net margin -0.76% -18.14% -59.81% -18.46% 3.77% -3.26% -1.75% -16.4% 9.02% -52.31% -26.43% -22.78% -10.42% -3.11% -2.12%
EPS 2 -0.008600 -0.1701 -0.4346 -0.1626 0.0385 -0.0340 -0.0179 -0.1579 0.1244 -0.4312 -0.2300 -0.2400 -0.1200 -0.0400 -0.0200
Dividend per Share 2 0.0674 0.0713 0.0823 - - - - - - - 0.0900 - - 0.0450 0.0450
Announcement Date 22-03-01 22-05-26 22-09-22 22-12-08 23-03-30 23-06-27 23-10-26 24-01-17 24-03-12 24-07-10 - - - - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 204 474 420 519 537 422 373 299
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.096 x 3.588 x 4.413 x 6.4 x 3.468 x 2.938 x 1.945 x 1.52 x
Free Cash Flow 1 231 -195 39.3 28.3 -44.4 38 64 160
ROE (net income / shareholders' equity) 4.48% -6.06% -14.3% -57.8% -24.8% -88.5% -62.5% -135%
ROA (Net income/ Total Assets) 1.24% -1.61% -3.38% -9.05% -2.2% -6.06% -4.12% -3.42%
Assets 1 1,523 1,440 2,730 1,277 1,306 943.8 1,287 1,052
Book Value Per Share 2 2.520 2.140 1.670 0.7800 0.6400 0.5900 0.2400 -0.0600
Cash Flow per Share 2 1.490 -0.0200 0.8500 0.7500 0.5900 0.7500 0.9000 0.9700
Capex 1 135 192 98.4 93.4 140 148 135 125
Capex / Sales 21.56% 37.63% 19.92% 16.02% 21.62% 22.64% 18.75% 17.13%
Announcement Date 19-09-24 20-10-21 21-09-17 22-09-22 23-10-26 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
12.92 GBP
Average target price
14.98 GBP
Spread / Average Target
+15.95%
Consensus
  1. Stock Market
  2. Equities
  3. MANU Stock
  4. Financials Manchester United plc