Discounted Cash Flow Calculation for AIM:MANO using Excess Returns Model Model
The calculations below outline how an intrinsic value for Manolete Partners 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.
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
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
is considered below, and whether this is a fair price.
Price based on past earnings
Manolete Partners's earnings available for a low price, and how does
this compare to other companies in the same industry?
Manolete Partners's earnings are expected to grow significantly at over 20% yearly.
Manolete Partners's revenue is expected to grow significantly at over 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.
Manolete Partners's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Manolete Partners's finances.
The net worth of a company is the difference between its assets and liabilities.
Manolete Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Manolete Partners has no long term commitments.
This treemap shows a more detailed breakdown of
Manolete Partners'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Manolete Partners has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Steven Cooklin, A.C.A. has been the Managing Director of Calder Corporate Advisory Ltd since June 2003. Mr. Cooklin serves as Company Secretary, Chief Executive and Director of Manolete Partners Plc. After becoming a Corporate Finance Director at HSBC Investment Bank, Mr. Cooklin co-founded a high-tech company (ValueCommerce) and acted as CFO for 2 years. During this time Steven raised £25m of blue chip Venture Capital funding for the business. In 2002 Steven was appointed Managing Director of the Ladybird Technologies Venture Capital Fund based in Piccadilly.
Insufficient data for Steven to compare compensation growth.
Insufficient data for Steven to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
CEO, Company Secretary & Director
Chief Financial Officer
Head of Legal
Head of Marketing & Policy
Head of Key strategic Partnerships & Associate Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Manolete Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors
Independent Non- Executive Chairman
CEO, Company Secretary & Director
Independent Non-Executive Director
Senior Independent Non Executive Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Does Manolete Partners Plc's (LON:MANO) 43% Earnings Growth Reflect The Long-Term Trend?
When Manolete Partners Plc (LON:MANO) announced its most recent earnings (31 March 2019), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … Check out our latest analysis for Manolete Partners Were MANO's earnings stronger than its past performances and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 43%, indicating the rate at which MANO is growing has slowed down.
Why Manolete Partners Plc (LON:MANO) Is An Attractive Investment To Consider
By this I mean, I look at stocks holistically, from their financial health to their future outlook. … Outstanding track record with high growth potential One reason why investors are attracted to MANO is its notable earnings growth potential in the near future of 37%. … AIM:MANO Past and Future Earnings, May 9th 2019Next Steps: For Manolete Partners, there are three key aspects you should further research: Financial Health: Does it have a healthy balance sheet?
Manolete Partners Plc operates as an insolvency litigation financing company in the United Kingdom. The Company focuses on acquiring or funding insolvency and insolvency-related claims. The company was founded in 2009 and is headquartered in London, the United Kingdom.
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