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Man Group

DB:M3N
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M3N
DB
£2B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Man Group plc provides alternative investment management services worldwide. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • Man Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Man Group has significant price volatility in the past 3 months.
M3N Share Price and Events
7 Day Returns
5%
DB:M3N
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-19.9%
DB:M3N
-6.9%
DE Capital Markets
-17.2%
DE Market
M3N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Man Group (M3N) 5% -20.7% -32.1% -19.9% -22.9% -56.4%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • M3N underperformed the Capital Markets industry which returned -6.9% over the past year.
  • M3N underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
M3N
Industry
5yr Volatility vs Market

Value

 Is Man Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Man Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Man Group.

DB:M3N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $1.16 * 15.4%
$0.18
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $1.16
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:M3N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 20%) (15.26%))
0.896
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.896 * 5.44%)
4.48%

Discounted Cash Flow Calculation for DB:M3N using Excess Returns Model Model

The calculations below outline how an intrinsic value for Man Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:M3N Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.4% – 4.48%) * $1.16)
$0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.13 / (4.48% - -0.39%)
$2.61
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $1.16 + $2.61
$3.77
DB:M3N Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:EMG)
0.807
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $3.77 x 0.807
£3.04
Non-primary Listing Adjustment Factor 1 share in DB:M3N represents 1.05394x of LSE:EMG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.05394x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.04 x 1.05394
€3.21
Value per share (EUR) From above. €3.21
Current discount Discount to share price of €1.29
= -1 x (€1.29 - €3.21) / €3.21
59.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Man Group is available for.
Intrinsic value
>50%
Share price is €1.29 vs Future cash flow value of €3.21
Current Discount Checks
For Man Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Man Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Man Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Man Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Man Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M3N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.19
LSE:EMG Share Price ** LSE (2020-04-01) in GBP £1.22
LSE:EMG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.24 $1.52
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Man Group.

DB:M3N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:EMG Share Price ÷ EPS (both in USD)

= 1.52 ÷ 0.19

8.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man Group is good value based on earnings compared to the DE Capital Markets industry average.
  • Man Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Man Group's expected growth come at a high price?
Raw Data
DB:M3N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-1.9%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:M3N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.03x ÷ -1.9%

-4.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Man Group's assets?
Raw Data
DB:M3N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.09
LSE:EMG Share Price * LSE (2020-04-01) in GBP £1.22
LSE:EMG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.24 $1.52
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:M3N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:EMG Share Price ÷ Book Value per Share (both in USD)

= 1.52 ÷ 1.09

1.39x

* Primary Listing of Man Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man Group is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Man Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Man Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Man Group expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Man Group expected to grow at an attractive rate?
  • Man Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Man Group's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Man Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:M3N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:M3N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -1.9%
DB:M3N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.6%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:M3N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M3N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,214 327 1
2022-12-31 1,129 338 228 8
2021-12-31 1,042 351 193 10
2020-12-31 934 305 150 11
2020-04-02
DB:M3N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,113 438 285
2019-09-30 1,047 281 287
2019-06-30 981 124 289
2019-03-31 971 223 281
2018-12-31 960 322 273
2018-09-30 1,037 360 270
2018-06-30 1,113 398 267
2018-03-31 1,091 315 261
2017-12-31 1,068 231 255
2017-09-30 968 180 1
2017-06-30 867 129 -253
2017-03-31 847 110 -260

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Man Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Man Group's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:M3N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Man Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.17 0.22 0.11 5.00
2021-12-31 0.14 0.19 0.10 7.00
2020-12-31 0.11 0.14 0.07 7.00
2020-04-02
DB:M3N Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.19
2019-09-30 0.19
2019-06-30 0.19
2019-03-31 0.18
2018-12-31 0.17
2018-09-30 0.17
2018-06-30 0.17
2018-03-31 0.16
2017-12-31 0.16
2017-09-30 0.00
2017-06-30 -0.15
2017-03-31 -0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Man Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Man Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Man Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Man Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Man Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Man Group's year on year earnings growth rate has been positive over the past 5 years.
  • Man Group's 1-year earnings growth exceeds its 5-year average (4.4% vs 3.6%)
  • Man Group's earnings growth has exceeded the DE Capital Markets industry average in the past year (4.4% vs 3.2%).
Earnings and Revenue History
Man Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Man Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3N Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,113.00 285.00 4.00
2019-09-30 1,047.00 287.00 15.50
2019-06-30 981.00 289.00 27.00
2019-03-31 970.50 281.00 30.00
2018-12-31 960.00 273.00 33.00
2018-09-30 1,036.50 270.00 34.00
2018-06-30 1,113.00 267.00 35.00
2018-03-31 1,090.50 261.00 36.50
2017-12-31 1,068.00 255.00 38.00
2017-09-30 967.50 1.00 38.50
2017-06-30 867.00 -253.00 39.00
2017-03-31 847.00 -259.50 39.50
2016-12-31 827.00 -266.00 40.00
2016-09-30 879.00 -88.00 40.50
2016-06-30 931.00 90.00 41.00
2016-03-31 1,033.00 130.50 40.50
2015-12-31 1,135.00 171.00 40.00
2015-09-30 1,205.00 288.00 39.50
2015-06-30 1,275.00 405.00 39.00
2015-03-31 1,212.50 385.00 39.00
2014-12-31 1,150.00 365.00 39.00
2014-09-30 1,095.50 206.00 42.50
2014-06-30 1,041.00 47.00 46.00
2014-03-31 1,100.50 50.00 51.00
2013-12-31 1,160.00 53.00 56.00
2013-09-30 1,210.50 -238.00 59.50
2013-06-30 1,261.00 -529.00 63.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Man Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Man Group used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Man Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Man Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Man Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Man Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Man Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Man Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Man Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Man Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 29.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Man Group Company Filings, last reported 3 months ago.

DB:M3N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,624.00 36.00 536.00
2019-09-30 1,624.00 36.00 536.00
2019-06-30 1,578.00 150.00 571.00
2019-03-31 1,578.00 150.00 571.00
2018-12-31 1,593.00 150.00 693.00
2018-09-30 1,593.00 150.00 693.00
2018-06-30 1,594.00 150.00 764.00
2018-03-31 1,594.00 150.00 764.00
2017-12-31 1,716.00 150.00 577.00
2017-09-30 1,716.00 150.00 577.00
2017-06-30 1,683.00 149.00 493.00
2017-03-31 1,683.00 149.00 493.00
2016-12-31 1,674.00 149.00 652.00
2016-09-30 1,674.00 149.00 652.00
2016-06-30 2,177.00 149.00 632.00
2016-03-31 2,177.00 149.00 632.00
2015-12-31 2,215.00 149.00 801.00
2015-09-30 2,215.00 149.00 801.00
2015-06-30 2,270.00 149.00 997.00
2015-03-31 2,270.00 149.00 997.00
2014-12-31 2,434.00 149.00 973.00
2014-09-30 2,434.00 149.00 973.00
2014-06-30 2,264.00 0.00 938.00
2014-03-31 2,264.00 0.00 938.00
2013-12-31 2,407.00 0.00 1,198.00
2013-09-30 2,407.00 0.00 1,198.00
2013-06-30 2,767.00 174.00 1,510.00
  • Man Group's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (6.1% vs 2.2% today).
  • Debt is well covered by operating cash flow (1216.7%, greater than 20% of total debt).
  • Man Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Man Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Man Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Man Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.46%
Current annual income from Man Group dividends. Estimated to be 6.32% next year.
If you bought €2,000 of Man Group shares you are expected to receive €129 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Man Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Man Group's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:M3N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:M3N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.17 1.00
2022-12-31 0.11 10.00
2021-12-31 0.09 13.00
2020-12-31 0.09 14.00
2020-04-02
DB:M3N Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-11 0.098 7.196
2020-02-28 0.098 5.835
2019-03-11 0.118 6.009
2019-03-01 0.118 6.557
2018-08-01 0.128 6.541
2018-03-09 0.116 4.741
2018-02-28 0.116 5.023
2017-08-01 0.100 4.024
2017-03-01 0.090 4.656
2016-07-26 0.090 5.867
2016-03-11 0.102 5.466
2016-02-24 0.102 4.696
2015-03-13 0.101 3.998
2015-02-25 0.101 3.464
2014-03-17 0.079 3.996
2014-02-27 0.079 4.608
2013-08-02 0.151 10.970
2013-03-18 0.220 14.830
2013-02-28 0.220 14.736
2012-07-24 0.220 16.328
2012-03-01 0.220 15.709
2011-08-16 0.220 9.514
2011-05-26 0.220 5.903
2010-11-04 0.220 5.013
2010-06-08 0.440 12.334
2010-05-27 0.440 12.781
2009-11-05 0.440 10.730
2009-05-28 0.440 9.464

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Man Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Man Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Man Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Man Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Man Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Luke Ellis
COMPENSATION $2,803,660
TENURE AS CEO 3.6 years
CEO Bio

Mr. Luke Ellis has been the Chief Executive Officer and Executive Director of Man Group plc since September 1, 2016. Mr. Ellis serves as the Chief Executive Officer and Chief Investment Officer at FRM Credit Alpha Limited. He serves as Portfolio Manager at GLG Partners LP. Mr. Ellis is the Founder at HFSB. He served as President at Man Group plc from 2012 to September 2016 with responsibility for the management of Man's investment businesses. He has a strong and varied investment management background and extensive knowledge of Man Group. He has led Man Group in diversifying its product range and increasing its international presence. He has also continued to strengthen the Group's control focus through the creation of the Chief Administrative Officer role. Mr. Ellis served as Head and Chief Information Officer at Man's Multi-Manager business. He joined Man in 2010. Mr. Ellis served as Managing Director at Financial Risk Management Limited (FRM) from 1998 to 2008. He served as a Managing Director at JPMorgan in London, responsible for building its Global Equity Derivatives and Equity Proprietary trading business. He is a director of Standards Board for Alternative Investments Limited, Greenhouse Sports Limited, Investhor Limited, and VWA Search Ltd. Mr. Ellis served as Non-Executive Chairman of Multi-Manager business and Fund Manager at GLG Partners, Inc. Mr. Ellis has been a director /Trustee of Standards Board for Alternative Investments Limited (formerly known as Hedge Fund Standards Board Ltd.) since December 2016. He holds a BSc (Hons) in Mathematics and Economics from University of Bristol.

CEO Compensation
  • Luke's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Luke's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Man Group management team in years:

3.6
Average Tenure
  • The tenure for the Man Group management team is about average.
Management Team

Luke Ellis

TITLE
CEO & Executive Director
COMPENSATION
$3M
TENURE
3.6 yrs

Mark Jones

TITLE
CFO & Executive Director
COMPENSATION
$2M
TENURE
3.3 yrs

Geoff Galbraith

TITLE
Chief Operating Officer

Sandy Rattray

TITLE
Former Chief Investment Officer of Man Systematic Strategies
TENURE
3.6 yrs

Robyn Grew

TITLE
Chief Administrative Officer & General Counsel
TENURE
3.6 yrs

Alex Dee

TITLE
Head of Investor Relations

Kate Squire

TITLE
Global Head of Compliance & Regulatory
TENURE
3.6 yrs

Georgiana Brunner

TITLE
Director of Communications

Michael Kasper

TITLE
Head of Corporate Development & Group Treasurer
TENURE
4.3 yrs

Ruud Hendriks

TITLE
Chairman of Institutional Department
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Man Group board of directors in years:

3.4
Average Tenure
58
Average Age
  • The tenure for the Man Group board of directors is about average.
Board of Directors

John Cryan

TITLE
Independent Chairman
COMPENSATION
$82K
AGE
59
TENURE
0.3 yrs

Luke Ellis

TITLE
CEO & Executive Director
COMPENSATION
$3M
TENURE
3.6 yrs

Mark Jones

TITLE
CFO & Executive Director
COMPENSATION
$2M
TENURE
3.3 yrs

John Rohal

TITLE
Executive Chairman of North American Operations
TENURE
7.3 yrs

Tim Wong

TITLE
Executive Chairman of AHL & Chairman of Asia
AGE
52
TENURE
3.6 yrs

Andrew Horton

TITLE
Independent Non-Executive Director
COMPENSATION
$100K
TENURE
6.7 yrs

Richard David Berliand

TITLE
Senior Independent Director
COMPENSATION
$125K
AGE
57
TENURE
2.9 yrs

Dev Sanyal

TITLE
Independent Non-Executive Director
COMPENSATION
$86K
AGE
53
TENURE
6.3 yrs

Kate Barker

TITLE
Independent Non-Executive Director
COMPENSATION
$84K
AGE
62
TENURE
3 yrs

Zoe Cruz

TITLE
Independent Non Executive Director
COMPENSATION
$95K
AGE
64
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Man Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Mar 20 Buy Luke Ellis Individual 16. Mar 20 17. Mar 20 750,000 €1.06 €784,043
17. Mar 20 Buy Mark Jones Individual 16. Mar 20 16. Mar 20 500,000 €1.03 €513,709
X
Management checks
We assess Man Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Man Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries. Man Group plc was founded in 1783 and is based in St. Helier, Jersey.

Details
Name: Man Group plc
M3N
Exchange: DB
Founded: 1783
£2,056,107,780
1,482,343,028
Website: http://www.man.com
Address: Man Group plc
22 Grenville Street,
St Helier,
JE4 8PX,
Jersey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE EMG Ordinary Shares London Stock Exchange GB GBP 07. Oct 1994
OTCPK MNGP.F Ordinary Shares Pink Sheets LLC US USD 07. Oct 1994
DB M3N Ordinary Shares Deutsche Boerse AG DE EUR 07. Oct 1994
BATS-CHIXE EMGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 07. Oct 1994
Number of employees
Current staff
Staff numbers
1,436
Man Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 00:03
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.