Financials ManpowerGroup Inc.

Equities

MAN

US56418H1005

Employment Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
75.85 USD -0.45% Intraday chart for ManpowerGroup Inc. +1.35% -4.56%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,725 5,188 5,279 4,207 3,879 3,670 - -
Enterprise Value (EV) 1 5,773 4,745 5,550 4,554 4,300 4,291 4,223 4,356
P/E ratio 12.6 x 220 x 14.1 x 11.8 x 45.2 x 15.7 x 12.1 x 9.09 x
Yield 2.25% 2.51% 2.59% 3.27% - 3.8% 3.58% 3.65%
Capitalization / Revenue 0.27 x 0.29 x 0.25 x 0.21 x 0.21 x 0.2 x 0.19 x 0.18 x
EV / Revenue 0.28 x 0.26 x 0.27 x 0.23 x 0.23 x 0.24 x 0.22 x 0.22 x
EV / EBITDA 7.23 x 12.1 x 8.42 x 6.36 x 7.8 x 8.62 x 7.1 x 6.15 x
EV / FCF 7.58 x 5.36 x 9.56 x 13.1 x 15.9 x 17 x 13.7 x 13.2 x
FCF Yield 13.2% 18.7% 10.5% 7.63% 6.28% 5.87% 7.3% 7.58%
Price to Book 2.12 x 2.15 x 2.14 x 1.8 x 1.78 x 1.62 x 1.54 x 1.39 x
Nbr of stocks (in thousands) 58,962 57,533 54,240 50,557 48,809 48,380 - -
Reference price 2 97.10 90.18 97.33 83.21 79.47 75.85 75.85 75.85
Announcement Date 1/31/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,864 18,001 20,724 19,828 18,914 18,065 18,938 20,075
EBITDA 1 797.9 392.1 658.8 716.3 551 497.7 595 708.6
EBIT 1 720.7 315.8 585.4 631.7 462.4 405 514.2 614.4
Operating Margin 3.45% 1.75% 2.82% 3.19% 2.44% 2.24% 2.71% 3.06%
Earnings before Tax (EBT) 1 685.5 147.7 568.1 557.1 205.9 359.2 490.6 -
Net income 1 465.7 23.8 382.4 373.8 88.8 231.7 304.6 385.5
Net margin 2.23% 0.13% 1.85% 1.89% 0.47% 1.28% 1.61% 1.92%
EPS 2 7.720 0.4100 6.910 7.080 1.760 4.836 6.254 8.341
Free Cash Flow 1 761.5 885.7 580.6 347.7 270 252.1 308.2 330
FCF margin 3.65% 4.92% 2.8% 1.75% 1.43% 1.4% 1.63% 1.64%
FCF Conversion (EBITDA) 95.44% 225.9% 88.13% 48.54% 49% 50.66% 51.8% 46.57%
FCF Conversion (Net income) 163.52% 3,721.43% 151.83% 93.02% 304.05% 108.78% 101.19% 85.61%
Dividend per Share 2 2.180 2.260 2.520 2.720 - 2.883 2.715 2.767
Announcement Date 1/31/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 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
Net sales 1 5,141 5,382 5,143 5,074 4,801 4,809 4,752 4,856 4,676 4,630 4,403 4,533 4,519 4,627 4,521
EBITDA 1 167 189.1 160 201.9 182.9 171.5 138.9 143.9 130 131.9 97.6 124.4 128.7 139.5 108.7
EBIT 1 150.5 166.6 138.7 180.7 161.5 150.8 117.9 122.3 108.3 107.6 74.28 102.4 108.1 120.5 87.62
Operating Margin 2.93% 3.1% 2.7% 3.56% 3.36% 3.14% 2.48% 2.52% 2.32% 2.32% 1.68% 2.26% 2.39% 2.6% 1.94%
Earnings before Tax (EBT) 1 145.6 162.4 136 174 156.8 90.3 110.4 95.8 54.7 -55 57.5 93.13 104.9 113.1 74.3
Net income 1 97.7 111.1 91.6 122.2 111.3 48.7 77.8 65.2 30.3 -84.5 39.7 60.25 62.69 68.91 52.97
Net margin 1.9% 2.06% 1.78% 2.41% 2.32% 1.01% 1.64% 1.34% 0.65% -1.82% 0.9% 1.33% 1.39% 1.49% 1.17%
EPS 2 1.770 2.020 1.680 2.290 2.130 0.9500 1.510 1.290 0.6000 -1.730 0.8100 1.243 1.313 1.448 1.034
Dividend per Share 2 - - - - - - - 1.470 - - - 1.470 - 1.470 -
Announcement Date 10/19/21 2/1/22 4/19/22 7/19/22 10/20/22 1/31/23 4/20/23 7/20/23 10/19/23 1/30/24 4/18/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 47.6 - 271 348 421 622 554 686
Net Cash position 1 - 443 - - - - - -
Leverage (Debt/EBITDA) 0.0597 x - 0.4114 x 0.4851 x 0.7646 x 1.249 x 0.9306 x 0.9684 x
Free Cash Flow 1 762 886 581 348 270 252 308 330
ROE (net income / shareholders' equity) 16.7% 8.25% 16.2% 15% 13% 11.4% 15.1% 16.4%
ROA (Net income/ Total Assets) 5.07% 2.3% 4.19% 3.94% 3.39% 3.14% 4.66% -
Assets 1 9,192 1,033 9,132 9,480 2,620 7,373 6,543 -
Book Value Per Share 2 45.80 41.90 45.50 46.40 44.60 46.90 49.30 54.60
Cash Flow per Share 2 13.50 16.10 11.60 8.020 6.910 7.660 8.220 -
Capex 1 52.9 50.7 64.2 75.6 78.2 73.9 81.4 86.5
Capex / Sales 0.25% 0.28% 0.31% 0.38% 0.41% 0.41% 0.43% 0.43%
Announcement Date 1/31/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
75.85 USD
Average target price
76.64 USD
Spread / Average Target
+1.04%
Consensus
  1. Stock Market
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  4. Financials ManpowerGroup Inc.