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Manning & Napier

DB:MN0
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MN0
DB
$89M
Imp Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Manning & Napier, Inc. is publicly owned investment manager. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • Manning & Napier is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Manning & Napier has significant price volatility in the past 3 months.
MN0 Share Price and Events
7 Day Returns
-1.9%
DB:MN0
-3.5%
DE Capital Markets
-3%
DE Market
1 Year Returns
-47.4%
DB:MN0
-11.3%
DE Capital Markets
-20.6%
DE Market
MN0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Manning & Napier (MN0) -1.9% -29% -34.4% -47.4% -81% -91.6%
DE Capital Markets -3.5% -21.2% -17.8% -11.3% -27.2% -56.6%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • MN0 underperformed the Capital Markets industry which returned -11.3% over the past year.
  • MN0 underperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
MN0
Industry
5yr Volatility vs Market

Value

 Is Manning & Napier 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 Manning & Napier 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 Manning & Napier.

DB:MN0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $10.44 * 21.7%
$2.27
Book Value of Equity per Share Median Book Value from the past 5 years. $10.44
Discount Rate (Cost of Equity) See below 4.6%
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:MN0
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 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 21%) (24.25%))
0.925
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.925 * 5.44%)
4.64%

Discounted Cash Flow Calculation for DB:MN0 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Manning & Napier 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:MN0 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (21.7% – 4.64%) * $10.44)
$1.78
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.78 / (4.64% - -0.39%)
$35.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.44 + $35.42
$45.86
DB:MN0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MN0 represents 0.85833x of NYSE:MN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85833x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 45.86 x 0.85833
€39.37
Value per share (EUR) From above. €39.37
Current discount Discount to share price of €1.03
= -1 x (€1.03 - €39.37) / €39.37
97.4%

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

Current Discount
Amount off the current price Manning & Napier is available for.
Intrinsic value
>50%
Share price is €1.03 vs Future cash flow value of €39.37
Current Discount Checks
For Manning & Napier to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Manning & Napier's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Manning & Napier'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 Manning & Napier's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Manning & Napier's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MN0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.10
NYSE:MN Share Price ** NYSE (2020-04-03) in USD $1.2
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Manning & Napier.

DB:MN0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MN Share Price ÷ EPS (both in USD)

= 1.2 ÷ 0.10

11.9x

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

  • Manning & Napier is good value based on earnings compared to the DE Capital Markets industry average.
  • Manning & Napier is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Manning & Napier's expected growth come at a high price?
Raw Data
DB:MN0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Manning & Napier, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Manning & Napier's assets?
Raw Data
DB:MN0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $10.04
NYSE:MN Share Price * NYSE (2020-04-03) in USD $1.2
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.66x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:MN0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MN Share Price ÷ Book Value per Share (both in USD)

= 1.2 ÷ 10.04

0.12x

* Primary Listing of Manning & Napier.

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

  • Manning & Napier is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Manning & Napier'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. Manning & Napier 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 Manning & Napier expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Manning & Napier expected to grow at an attractive rate?
  • Unable to compare Manning & Napier's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Manning & Napier's earnings growth to the Germany market average as no estimate data is available.
  • Manning & Napier's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MN0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MN0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -3%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:MN0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MN0 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 128 1
2020-12-31 128 1
DB:MN0 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 136 15 2
2019-09-30 141 19 2
2019-06-30 147 15 2
2019-03-31 154 20 3
2018-12-31 161 23 3
2018-09-30 170 28 1
2018-06-30 178 36 2
2018-03-31 188 45 3
2017-12-31 202 56 4
2017-09-30 215 66 7
2017-06-30 229 77 7
2017-03-31 242 82 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Manning & Napier is high growth as no earnings estimate data is available.
  • Manning & Napier's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:MN0 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 1 Analyst Estimates (S&P Global) See Below

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

DB:MN0 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
DB:MN0 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.10
2019-09-30 0.16
2019-06-30 0.15
2019-03-31 0.17
2018-12-31 0.21
2018-09-30 0.09
2018-06-30 0.14
2018-03-31 0.20
2017-12-31 0.25
2017-09-30 0.48
2017-06-30 0.53
2017-03-31 0.59

*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.
  • Manning & Napier is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Manning & Napier'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.
Manning & Napier 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 Manning & Napier 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 Manning & Napier'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.
  • Manning & Napier's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Manning & Napier's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Manning & Napier's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Manning & Napier'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 Manning & Napier Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MN0 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 136.00 1.54
2019-09-30 140.71 2.35 3.70
2019-06-30 147.08 2.26 3.70
2019-03-31 153.90 2.55 4.67
2018-12-31 161.33 3.13
2018-09-30 169.56 1.32 4.20
2018-06-30 177.85 2.03 4.20
2018-03-31 188.27 2.89 4.20
2017-12-31 201.53 3.52 4.20
2017-09-30 214.94 6.74 3.90
2017-06-30 229.41 7.41 3.90
2017-03-31 242.38 8.25 -4.94
2016-12-31 248.94 8.73 3.90
2016-09-30 259.85 9.46 13.73
2016-06-30 271.98 10.64 24.86
2016-03-31 289.66 11.48 44.75
2015-12-31 318.04 12.53 3.50
2015-09-30 346.38 17.98 61.45
2015-06-30 375.74 15.11 70.24
2015-03-31 397.42 12.55 79.16
2014-12-31 397.00 9.32 72.30
2014-09-30 405.32 1.95 79.74
2014-06-30 395.17 2.83 77.28
2014-03-31 384.28 2.39 73.81
2013-12-31 376.07 2.66 71.29
2013-09-30 365.01 1.67 68.57
2013-06-30 355.74 2.01 65.73

*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.
  • Manning & Napier has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Manning & Napier has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • Manning & Napier's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Manning & Napier'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.
Manning & Napier has a total score of 0/6, 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 Manning & Napier'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 Manning & Napier's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Manning & Napier is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Manning & Napier's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Manning & Napier'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.
  • Manning & Napier has no debt, it does not need to be covered by short term assets.
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 Manning & Napier Company Filings, last reported 3 months ago.

DB:MN0 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 149.62 0.00 156.96
2019-09-30 153.04 0.00 152.44
2019-06-30 148.73 0.00 146.19
2019-03-31 148.91 0.00 141.81
2018-12-31 146.24 0.00 150.18
2018-09-30 144.48 0.00 146.10
2018-06-30 142.26 0.00 145.97
2018-03-31 140.08 0.00 137.96
2017-12-31 138.36 0.00 148.07
2017-09-30 141.14 0.00 141.04
2017-06-30 136.99 0.00 137.61
2017-03-31 130.90 0.00 143.59
2016-12-31 134.48 0.00 137.69
2016-09-30 142.79 0.00 141.71
2016-06-30 138.78 0.00 136.13
2016-03-31 146.10 0.00 147.33
2015-12-31 134.78 0.00 139.62
2015-09-30 121.44 0.00 117.22
2015-06-30 122.35 0.00 119.62
2015-03-31 118.71 0.00 105.05
2014-12-31 148.71 0.00 151.41
2014-09-30 149.78 0.00 144.04
2014-06-30 137.22 0.00 136.71
2014-03-31 126.63 0.00 142.48
2013-12-31 145.79 0.00 146.12
2013-09-30 150.64 0.00 139.56
2013-06-30 138.23 0.00 136.46
  • Manning & Napier has no debt.
  • Manning & Napier has not taken on any debt in the past 5 years.
  • Manning & Napier has no debt, it does not need to be covered by operating cash flow.
  • Manning & Napier has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Manning & Napier'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. Manning & Napier 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 Manning & Napier'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
6.67%
Current annual income from Manning & Napier dividends. Estimated to be 6.67% next year.
If you bought €2,000 of Manning & Napier shares you are expected to receive €133 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?
  • Manning & Napier's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Manning & Napier's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
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:MN0 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 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

DB:MN0 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.08 1.00
DB:MN0 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.080 6.604
2019-10-24 0.080 4.487
2019-07-25 0.080 4.459
2019-04-25 0.080 4.259
2019-03-07 0.080 3.623
2018-10-25 0.080 4.040
2018-07-26 0.320 11.643
2018-04-26 0.320 10.211
2018-03-08 0.320 9.318
2017-10-26 0.320 8.837
2017-07-27 0.320 8.583
2017-04-27 0.320 7.065
2017-03-09 0.320 5.675
2016-10-26 0.640 9.070
2016-07-27 0.640 8.416
2016-04-27 0.640 7.075
2016-03-03 0.640 8.235
2015-11-04 0.640 8.094
2015-08-10 0.720 8.549
2015-05-07 0.720 6.696
2015-03-10 0.720 5.969
2014-10-29 0.720 5.469
2014-08-07 0.640 3.766
2014-05-07 0.640 3.759
2014-03-10 0.640 3.983
2013-10-29 0.640 3.836
2013-08-09 0.640 3.860
2013-05-07 0.640 3.479
2013-03-11 0.640 3.890
2012-11-07 0.640 4.707
2012-08-08 0.640 5.161
2012-05-15 0.640 4.699
2012-03-21 0.640 4.448

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

  • Manning & Napier has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Manning & Napier has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Manning & Napier's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x 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 Manning & Napier'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 Manning & Napier afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Manning & Napier 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 Manning & Napier'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
Marc Mayer
COMPENSATION $5,017,299
AGE 61
TENURE AS CEO 1.3 years
CEO Bio

Mr. Marc Orlans Mayer serves as Chief Executive Officer at Manning & Napier, Inc. since January 31, 2019 and serves as its Director since June 12, 2019. Mr. Mayer has served as the President of Manning & Napier Advisors, LLC, Manning & Napier Group, LLC, and Rainier Investment Management, LLC, since January 2019. Mr. Mayer serves as the Director and Head of Institutional, since May 7, 2014 at Schroder Investment Management North America Inc. Mr. Mayer served as Head of North American Distribution for Schroders in New York since 2014 until 2018. He leads its institutional business initiatives. He has many years of senior investment leadership experience. Prior to this, Mr. Mayer served as Chief Executive Officer since 2009 until 2011 and Partner Director at Grantham, Mayo, Van Otterloo & Co. LLC. Prior to that, he spent 20 years at Alliance Bernstein LP and its predecessor, Sanford C. Bernstein & Co., Inc. where he served in various leadership roles including, Head of Institutional Research, Head of Institutional Brokerage, Global Head of Institutions, Global Head of Retail and Chief Investment Officer of Multi-Asset. He served as an Executive Vice President of AllianceBernstein Investments Inc. Mr. Mayer served as an Executive Vice President of Alliancebernstein Holding L.P since 2000. He served as an Executive Vice President of AllianceBernstein Corporation. He joined AllianceBernstein in 1989 as a Research Analyst and Research Director in the institutional research services group. Mr. Mayer served as the Chief Investment Officer, Executive Vice President and Portfolio Manager of AllianceBernstein L.P. He joined Alliance Capital Management Holding LP in October 2000 and has Headed AllianceBernstein Global Institutional Investment Management of Alliance Capital Management Corporation the General Partner of Alliance Capital Management Holding L. P since 2001. Prior to that, he served as the Chief Executive Officer of Sanford C. Bernstein & Co., LLC and its predecessor since prior to 1999, where he was responsible for institutional research, sales and trading. He began at Sanford Bernstein in 1989 as a Pharmaceuticals Securities Analyst. Prior to joining Bernstein, Mr. Mayer worked for Squibb Corporation. From 1983 to 1989, he held various positions at Squibb Corporation including the Director of Marketing and Director of Strategic Planning of Business Development and Marketing Research. From 1978 to 1981, he was a concert and record producer. He served as a Director at Grantham, Mayo, Van Otterloo & Co. LLC. He is a Board of Governor at Investment Company Institute. He was named to the Institutional Investor All-America Research Team in 1992. Mr. Mayer earned an M. B. A. degree from Columbia University and a B. A. degree in Philosophy from Yale University.

CEO Compensation
  • Insufficient data for Marc to compare compensation growth.
  • Marc's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Manning & Napier management team in years:

1.3
Average Tenure
48
Average Age
  • The average tenure for the Manning & Napier management team is less than 2 years, this suggests a new team.
Management Team

Bill Manning

TITLE
Chairman & Co-Founder
COMPENSATION
$30K
AGE
82
TENURE
50 yrs

Marc Mayer

TITLE
CEO & Director
COMPENSATION
$5M
AGE
61
TENURE
1.3 yrs

Ebrahim Busheri

TITLE
Director of Investments
COMPENSATION
$2M
AGE
53
TENURE
5.1 yrs

Aaron McGreevy

TITLE
Managing Director of Institutional & Intermediary Sales
COMPENSATION
$633K
TENURE
0.6 yrs

Paul Battaglia

TITLE
Chief Financial Officer
COMPENSATION
$608K
AGE
40
TENURE
2.1 yrs

Chris Briley

TITLE
Chief Technology Officer
AGE
48
TENURE
1.1 yrs

Sean Silva

TITLE
Investor Relations Contact

Sarah Turner

TITLE
General Counsel & Corporate Secretary
AGE
36
TENURE
1.1 yrs

Nicole Brunner

TITLE
Chief Marketing Officer
TENURE
1.1 yrs

Christian Andreach

TITLE
Co-Head of Global Equities
AGE
47
TENURE
10.3 yrs
Board of Directors Tenure

Average tenure and age of the Manning & Napier board of directors in years:

3
Average Tenure
66
Average Age
  • The tenure for the Manning & Napier board of directors is about average.
Board of Directors

Bill Manning

TITLE
Chairman & Co-Founder
COMPENSATION
$30K
AGE
82
TENURE
8.8 yrs

Marc Mayer

TITLE
CEO & Director
COMPENSATION
$5M
AGE
61
TENURE
0.8 yrs

Ed Pettinella

TITLE
Independent Director
COMPENSATION
$230K
AGE
67
TENURE
8.4 yrs

Barbara Goodstein

TITLE
Independent Director
COMPENSATION
$220K
AGE
58
TENURE
7.4 yrs

Robert Kopech

TITLE
Independent Director
COMPENSATION
$61K
AGE
68
TENURE
0.8 yrs

Richard Goldberg

TITLE
Director
COMPENSATION
$533K
AGE
66
TENURE
5.8 yrs

Ken Marvald

TITLE
Independent Director
COMPENSATION
$215K
AGE
57
TENURE
3 yrs

Ed George

TITLE
Independent Director
COMPENSATION
$215K
AGE
72
TENURE
2.8 yrs

Joel Domino

TITLE
Director
COMPENSATION
$215K
AGE
59
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Sep 19 Buy Edward Pettinella Individual 30. Aug 19 30. Aug 19 26,754 €1.69 €45,195
29. Aug 19 Buy Edward Pettinella Individual 27. Aug 19 29. Aug 19 91,656 €1.62 €144,473
28. Aug 19 Buy Marc Mayer Individual 26. Aug 19 26. Aug 19 5,000 €1.55 €7,736
26. Aug 19 Buy Edward Pettinella Individual 22. Aug 19 26. Aug 19 78,618 €1.58 €124,156
19. Aug 19 Buy Edward Pettinella Individual 15. Aug 19 19. Aug 19 11,173 €1.52 €16,746
13. Aug 19 Buy Edward Pettinella Individual 09. Aug 19 09. Aug 19 1,574 €1.60 €2,526
06. Aug 19 Buy Marc Mayer Individual 02. Aug 19 05. Aug 19 84,960 €1.56 €128,600
08. Aug 19 Buy Marc Mayer Individual 06. Aug 19 08. Aug 19 7,700 €1.64 €12,315
08. Aug 19 Buy Edward Pettinella Individual 06. Aug 19 08. Aug 19 27,371 €1.65 €44,729
06. Aug 19 Buy Edward Pettinella Individual 02. Aug 19 05. Aug 19 96,928 €1.55 €149,286
06. May 19 Sell Thomas Anderson Individual 02. May 19 02. May 19 -2,500 €1.92 €-4,807
X
Management checks
We assess Manning & Napier'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. Manning & Napier 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

Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States. The firm employs fundamental analysis along with a combination of bottom-up and top-down stock picking approach to create its portfolios. Manning & Napier, Inc. was founded in 1970 and is based in Fairport, New York with additional offices in Dublin, Ohio; St. Petersburg, Florida; and Chicago, Illinois.

Details
Name: Manning & Napier, Inc.
MN0
Exchange: DB
Founded: 1970
$82,741,234
$18,096,636
78,304,057
Website: http://www.manning-napier.com
Address: Manning & Napier, Inc.
290 Woodcliff Drive,
Fairport,
New York, 14450,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MN Class A Common Stock New York Stock Exchange US USD 18. Nov 2011
DB MN0 Class A Common Stock Deutsche Boerse AG DE EUR 18. Nov 2011
Number of employees
Current staff
Staff numbers
302
Manning & Napier employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 01:21
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/06
Last earnings filing: 2020/03/13
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.