MANCHESTER UNITED PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.07 USD | +0.06% |
|
+6.42% | -21.15% |
| Apr. 19 | Manchester United plc Appoint Jason Wilcox as New Technical Director | CI |
| Apr. 02 | Manchester United Cancels Corporate Credit Cards Amid Cost Review | MT |
Valuation
| Fiscal Period: Giugno | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,343 | 2,099 | 1,790 | 1,491 | 3,132 | 2,130 | - | - |
| Enterprise Value (EV) 1 | 2,547 | 2,573 | 2,210 | 2,010 | 3,669 | 2,626 | 2,578 | 2,503 |
| P/E ratio | 124 x | -90.4 x | -19.4 x | -12.9 x | -109 x | -36.1 x | -52.8 x | -57 x |
| Yield | 1.01% | 1.08% | 1.2% | 2.7% | - | 0.93% | 1.4% | 0.7% |
| Capitalization / Revenue | 3.74 x | 4.12 x | 3.62 x | 2.56 x | 4.83 x | 3.27 x | 2.97 x | 2.93 x |
| EV / Revenue | 4.06 x | 5.05 x | 4.47 x | 3.45 x | 5.66 x | 4.03 x | 3.6 x | 3.44 x |
| EV / EBITDA | 13.7 x | 19.5 x | 23.2 x | 24.8 x | 23.7 x | 19.7 x | 14.8 x | 13.9 x |
| EV / FCF | 11 x | -13.2 x | 56.2 x | 71.1 x | -82.7 x | 54.7 x | 40.9 x | 15.7 x |
| FCF Yield | 9.07% | -7.59% | 1.78% | 1.41% | -1.21% | 1.83% | 2.44% | 6.35% |
| Price to Book | 5.64 x | 5.98 x | 6.57 x | 11.7 x | 30.1 x | 98.9 x | -58.9 x | -24.1 x |
| Nbr of stocks (in thousands) | 164,526 | 164,261 | 162,939 | 163,003 | 163,062 | 165,126 | - | - |
| Reference price 2 | 14.24 | 12.78 | 10.99 | 9.145 | 19.21 | 12.90 | 12.90 | 12.90 |
| Announcement Date | 9/24/19 | 10/21/20 | 9/17/21 | 9/22/22 | 10/26/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Giugno | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 627.1 | 509 | 494.1 | 583.2 | 648.4 | 652.3 | 716.6 | 727.1 |
| EBITDA 1 | 185.8 | 132.1 | 95.05 | 81.15 | 154.9 | 133 | 174.5 | 180 |
| EBIT 1 | 49.98 | 5.221 | -36.93 | -87.38 | -11.18 | -47.3 | -21.14 | -11.03 |
| Operating Margin | 7.97% | 1.03% | -7.47% | -14.98% | -1.72% | -7.25% | -2.95% | -1.52% |
| Earnings before Tax (EBT) 1 | 27.48 | -20.82 | -24.03 | -149.6 | -32.57 | -82.24 | -52.5 | -53.43 |
| Net income 1 | 18.9 | -23.23 | -92.22 | -115.5 | -28.68 | -58.15 | -41.03 | -37.54 |
| Net margin | 3.01% | -4.56% | -18.66% | -19.81% | -4.42% | -8.92% | -5.73% | -5.16% |
| EPS 2 | 0.1147 | -0.1414 | -0.5660 | -0.7086 | -0.1759 | -0.3569 | -0.2445 | -0.2264 |
| Free Cash Flow 1 | 231 | -195.4 | 39.34 | 28.27 | -44.39 | 48 | 63 | 159 |
| FCF margin | 36.84% | -38.38% | 7.96% | 4.85% | -6.85% | 7.36% | 8.79% | 21.87% |
| FCF Conversion (EBITDA) | 124.36% | - | 41.39% | 34.84% | - | 36.09% | 36.1% | 88.33% |
| FCF Conversion (Net income) | 1,222.47% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1444 | 0.1380 | 0.1316 | 0.2470 | - | 0.1200 | 0.1800 | 0.0900 |
| Announcement Date | 9/24/19 | 10/21/20 | 9/17/21 | 9/22/22 | 10/26/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2022 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 126.5 | 185.4 | 152.8 | 118.5 | 143.7 | 167.4 | 170 | 167.3 | 157.1 | 225.8 | 128 | 144 | 173 | 188 | 204 |
| EBITDA 1 | 11.18 | 57.95 | 20.44 | -8.424 | 23.63 | 48.31 | 39.76 | 43.23 | 23.28 | 91.34 | - | 20 | 26 | 41 | 63 |
| EBIT 1 | -10.17 | 5.405 | -21.8 | -60.82 | -3.382 | -2.86 | -4.678 | -0.26 | 1.815 | 27.49 | -46 | -28 | -25 | -14 | 17 |
| Operating Margin | -8.04% | 2.91% | -14.26% | -51.35% | -2.35% | -1.71% | -2.75% | -0.16% | 1.16% | 12.18% | -35.94% | -19.44% | -14.45% | -7.45% | 8.33% |
| Earnings before Tax (EBT) 1 | -19.82 | -2.067 | -35.91 | -91.83 | -34.37 | 9.255 | -5.679 | -1.78 | -32.8 | 27.22 | -46.7 | -28.1 | -43.8 | -14 | 16.7 |
| Net income 1 | -15.54 | -1.402 | -27.73 | -70.84 | -26.52 | 6.306 | -5.547 | -2.921 | -25.76 | 20.37 | -35 | -21 | -35 | -11 | 13 |
| Net margin | -12.29% | -0.76% | -18.14% | -59.81% | -18.46% | 3.77% | -3.26% | -1.75% | -16.4% | 9.02% | -27.34% | -14.58% | -20.23% | -5.85% | 6.37% |
| EPS 2 | -0.0953 | -0.008600 | -0.1701 | -0.4346 | -0.1626 | 0.0385 | -0.0340 | -0.0179 | -0.1579 | 0.1244 | -0.2100 | -0.1300 | -0.2100 | -0.0700 | 0.0800 |
| Dividend per Share 2 | - | 0.0674 | 0.0713 | 0.0823 | - | - | - | - | - | - | 0.0450 | 0.0450 | - | - | 0.0450 |
| Announcement Date | 11/17/21 | 3/1/22 | 5/26/22 | 9/22/22 | 12/8/22 | 3/30/23 | 6/27/23 | 10/26/23 | 1/17/24 | 3/12/24 | - | - | - | - | - |
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 | 496 | 447 | 373 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.096 x | 3.588 x | 4.413 x | 6.4 x | 3.468 x | 3.726 x | 2.564 x | 2.071 x |
| Free Cash Flow 1 | 231 | -195 | 39.3 | 28.3 | -44.4 | 48 | 63 | 159 |
| ROE (net income / shareholders' equity) | 4.48% | -6.06% | -14.3% | -57.8% | -24.8% | -294% | - | - |
| 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 | 960.4 | 995.5 | 1,096 |
| Book Value Per Share 2 | 2.520 | 2.140 | 1.670 | 0.7800 | 0.6400 | 0.1300 | -0.2200 | -0.5300 |
| Cash Flow per Share 2 | 1.490 | -0.0200 | 0.8500 | 0.7500 | 0.5900 | 0.5800 | 0.7800 | 0.8600 |
| Capex 1 | 135 | 192 | 98.4 | 93.4 | 140 | 148 | 135 | 125 |
| Capex / Sales | 21.56% | 37.63% | 19.92% | 16.02% | 21.62% | 22.61% | 18.84% | 17.19% |
| Announcement Date | 9/24/19 | 10/21/20 | 9/17/21 | 9/22/22 | 10/26/23 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
12.9
GBP
Average target price
14.87
GBP
Spread / Average Target
+15.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.15% | 2.65B | |
| -4.45% | 3.66B | |
| -17.30% | 1.75B | |
| +24.91% | 1.19B | |
| -18.25% | 1.16B | |
| +17.10% | 1.08B | |
| +42.33% | 924M | |
| -5.97% | 891M | |
| +5.46% | 787M | |
| +25.09% | 767M |
- Stock Market
- Equities
- MANU Stock
- Financials Manchester United plc
