The Company in a Nutshell
- MAN generates most of its revenue from Europe (Southern at 45% and Northern at 22% of revenue).
- This makes MAN subject to currency headwinds.
- The company specializes in “non-specialized” workers placement where there is fierce competition.
- We do not cover Manpower Group at the moment.
Date Reviewed | N/A |
Company Name | ManpowerGroup Inc |
Symbol | MAN |
Sector | Industrials |
Industry | Staffing & Employment Services |
Beta | 1.427 |
PRO Rating | 3 |
Dividend Safety | 4 |
Business Model
ManpowerGroup Inc. is a workforce solutions company. The Company's workforce solutions and services include recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing, and workforce consulting. The Company's portfolio of recruitment services includes permanent, temporary and contract recruitment of professionals, as well as administrative, industrial and information technology (IT) professional positions. These services are provided under its Manpower and Experis brands. Its Talent Solutions brand specializes in the delivery of customized workforce strategies and new solutions and creating added value that addresses its clients’ complex global workforce needs. Its Talent Solutions combine global offerings of recruitment process outsourcing (RPO), TAPFIN - Managed Service Provider (MSP) and right management to provide data-driven capabilities that help organizations with their workforce transformation.
Current price | 73.81 |
ROE | 3.80 % |
ROIC | 5.65 % |
Shareholder Yield | 0.05 % |
5-Yr Total Return | 2.75 % |
1-Yr Total Return | 4.60 % |
Next Earnings Date | 10-17-24 |
Latest Quarter Information
What the CEO said:
Employers in North America and Europe continue to remain cautious. Permanent recruitment activity softened slightly further from the previous quarter, while staffing and solutions activity remained relatively stable across most of our large markets. We continue to prioritize the execution of our strategic initiatives and driving sales activities while balancing costs to align with the current operating environment. We anticipate diluted earnings per share in the third quarter will be between $1.25 and $1.35, which includes an estimated unfavorable currency impact of 5 cents.
What we say:
07-31-2024, MAN witnessed a challenging operating environment in North America and Europe, but solid demand in Latin America and the Asia-Pacific regions. The gross profit margin remained constant Q/Q at 17.4% and staffing margins remained strong. The quarter included final run-off losses related to the Proservia Germany business which reduced Q2 EPS by $0.06. MAN repurchased $27M of stock during the quarter. The permanent recruitment slowed further Q/Q, while staffing and solutions remained steady in most major markets. MAN anticipates DEPS in 3Q'24 to be between $1.25-$1.35, including an unfavorable currency impact of 5 cents.
Investment Thesis
Dividend Triangle
5-Yr Rev. Growth | -2.95 % |
5-Yr EPS Growth | -27.10 % |
5-Yr Div Growth | 7.80 % |
Potential Risks
Debt/Equity | 0.45 |
Financial Debt to EBITDA (TTM) | 2.30 |
Current Ratio (Quarterly) | 1.15 |
Credit Score | 43 |
Dividend Growth Perspective
Dividend ($) | 3.08 |
Dividend Yield Fwd | 4.20 % |
Dividend Frequency | Semi-annual |
Average 5-Yr Yield | 3.05 % |
Payout Ratio (%) | 162.50 |
Cash Payout Ratio (%) | 49.85 |
DGR 1-Yr | 4.75 |
DGR 3-Yr | 9.15 |
DGR 5-Yr | 7.80 |
DGR Streak | 13 |
Chowder Score | 12.00 |
Next DVD PMT | 06-14-24 |
Valuation
(Data for `ddm_recent_annual_dividend` field are missing to build DDM tables)
Video Tutorial: How to Read the Stock Cards DDM Valuation
Market Cap | 4 B |
PE Ratio | 79.35 |
Fwd PE | 12.80 |
Price to Book Ratio | 1.65 |
DDM Valuation | N/A |
Average 5-Yr PE | 36.11 |
Value Score | 75 |
- All financial metrics are updated weekly.
- The DSR PRO rating and Dividend Safety Score are updated quarterly.
- The analysis (investment thesis, risk potential, dividend growth perspective and DDM calculation) is reviewed every 6 months.
- The PDF format includes only comments (no metrics) and is reviewed every 6 months.