ManpowerGroup
Find Ratings ReportsMANPOWERGROUP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. MANPOWERGROUP has average liquidity. Currently, the Quick Ratio is 1.13 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 9.15% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 4630.5 | 4809.2 |
EBITDA ($mil) | 132.1 | 178.7 |
EBIT ($mil) | 107.8 | 158.0 |
Net Income ($mil) | -84.5 | 48.7 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 581.3 | 639.0 |
Total Assets ($mil) | 8830.2 | 9130.4 |
Total Debt ($mil) | 1426.0 | 1358.6 |
Equity ($mil) | 2223.3 | 2447.3 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 18.03 | 18.64 |
EBITDA Margin | 2.85 | 3.71 |
Operating Margin | 2.33 | 3.29 |
Sales Turnover | 2.14 | 2.17 |
Return on Assets | 1.0 | 4.09 |
Return on Equity | 3.99 | 15.27 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.16 | 1.21 |
Debt/Capital | 0.39 | 0.36 |
Interest Expense | 20.0 | 15.2 |
Interest Coverage | 5.39 | 10.39 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 48.42 | 50.56 |
Div / share | 1.47 | 1.36 |
EPS | -1.73 | 0.95 |
Book value / share | 45.91 | 48.4 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 355809.0 | 297133.0 |
HOLD. MANPOWERGROUP's P/E ratio indicates a discount compared to an average of 43.53 for the Administrative and Support Services subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.58 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 7.95. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MANPOWERGROUP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MAN 43.31 | Peers 43.53 | MAN 10.06 | Peers 25.21 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. MAN is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MAN is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MAN 11.11 | Peers 24.78 | MAN 0.23 | Peers 0.97 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. MAN is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MAN trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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MAN 1.58 | Peers 7.95 | MAN -76.32 | Peers 38.01 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MAN is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MAN is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MAN 0.19 | Peers 6.82 | MAN -4.61 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MAN is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MAN significantly trails its peers on the basis of sales growth. |
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