MAN Stock Analysis: ManpowerGroup | NYSE
Staffing & Employment Services | NYSE, USA | Market Cap: 2.387m USD | 12M Return: 24.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 64.8M
EPS Trend: -96.6%
Qual. Beats: 0
Rev. Trend: -42.6%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ManpowerGroup Inc. (NYSE: MAN) is a global provider of workforce solutions operating under three primary brands-Manpower, Experis, and Talent Solutions-across the Americas, Southern Europe, Northern Europe, and Asia Pacific/Middle East. The company offers a broad range of services including temporary, contract, and permanent recruitment; assessment, training, upskilling, and career management; workforce consulting; recruitment process outsourcing (RPO); and managed service provider solutions such as TAPFIN.
Founded in 1948 and headquartered in Milwaukee, Wisconsin, ManpowerGroup operates within the Human Resource & Employment Services sub-industry of the Industrials sector. As a staffing firm, its business model is closely tied to broader labor market cycles, with revenue typically influenced by corporate hiring demand, employment trends, and economic conditions across its operating regions.
- European staffing volumes decline amid industrial demand softness
- Experis IT segment margin expansion lifts consolidated profitability
- Buyback pace accelerates as free cash flow conversion improves
| Net Income: 104.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.53 > 1.0 |
| NWC/Revenue: 1.13% < 20% (prev -0.71%; Δ 1.84% < -1%) |
| CFO/TA 0.01 > 3% & CFO 99.6m > Net Income 104.2m |
| Net Debt (1.63b) to EBITDA (431.4m): 3.78 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.2m) vs 12m ago 1.51% < -2% |
| Gross Margin: 16.28% > 18% (prev 17.10%; Δ -0.82% > 0.5%) |
| Asset Turnover: 221.8% > 50% (prev 206.2%; Δ 15.56% > 0%) |
| Interest Coverage Ratio: 2.85 > 6 (EBIT TTM 348.4m / Interest Expense TTM 122.1m) |
| A: 0.03 (Total Current Assets 5.13b - Total Current Liabilities 4.92b) / Total Assets 8.37b |
| B: 0.45 (Retained Earnings 3.75b / Total Assets 8.37b) |
| C: 0.04 (EBIT TTM 348.4m / Avg Total Assets 8.44b) |
| D: 0.34 (Book Value of Equity 2.11b / Total Liabilities 6.27b) |
| Altman-Z'' = 2.26 = BBB |
| DSRI: 0.96 (Receivables 4.73b/4.64b, Revenue 18.7b/17.5b) |
| GMI: 1.05 (GM 17.10% / 16.28%) |
| AQI: 1.00 (AQ_t 0.33 / AQ_t-1 0.33) |
| SGI: 1.07 (Revenue 18.7b / 17.5b) |
| TATA: 0.00 (NI 104.2m - CFO 99.6m) / TA 8.37b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at USD 53.67 with a total of 1,615,531 shares traded. Over the past week, the price has changed by +1.05%, over one month by +49.42%, over three months by +83.31% and over the past year by +24.68%.
Current recommended Stop Loss: 49.90 (which is 7% or 1.3 ATR below the current price).
ManpowerGroup has received a consensus analysts rating of 3.17. Therefore, it is recommended to hold MAN.
- StrongBuy: 1
- Buy: 1
- Hold: 9
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 57.3 | 6.8% |
P/E Trailing = 22.5132
P/E Forward = 13.6799
P/S = 0.1275
P/B = 1.1029
P/EG = 0.943
Revenue TTM = 18.7b USD
EBIT TTM = 348.4m USD
EBITDA TTM = 431.4m USD
Long Term Debt = 1.05b USD (from longTermDebt, last fiscal year)
Short Term Debt = 578.4m USD (from shortTermDebt, last quarter)
Debt = 1.81b USD (from shortLongTermDebtTotal, last quarter) + Leases 392.2m
Net Debt = 1.63b USD (calculated: Debt 1.81b - CCE 180.6m)
Enterprise Value = 4.02b USD (2.39b + Debt 1.81b - CCE 180.6m)
Interest Coverage Ratio = 2.85 (Ebit TTM 348.4m / Interest Expense TTM 122.1m)
EV/FCF = 68.35x (Enterprise Value 4.02b / FCF TTM 58.8m)
FCF Yield = 1.46% (FCF TTM 58.8m / Enterprise Value 4.02b)
FCF Margin = 0.31% (FCF TTM 58.8m / Revenue TTM 18.7b)
Net Margin = 0.56% (Net Income TTM 104.2m / Revenue TTM 18.7b)
Gross Margin = 16.28% ((Revenue TTM 18.7b - Cost of Revenue TTM 15.7b) / Revenue TTM)
Gross Margin QoQ = 16.05% (prev 16.03%)
Tobins Q-Ratio = 0.48 (Enterprise Value 4.02b / Total Assets 8.37b)
Interest Expense / Debt = 6.74% (Interest Expense 122.1m / Debt 1.81b)
Taxrate = 42.10% (38.9m / 92.4m)
NOPAT = 201.7m (EBIT 348.4m * (1 - 42.10%))
Current Ratio = 1.04 (Total Current Assets 5.13b / Total Current Liabilities 4.92b)
Debt / Equity = 0.86 (Debt 1.81b / totalStockholderEquity, last quarter 2.11b)
Debt / EBITDA = 3.78 (Net Debt 1.63b / EBITDA 431.4m)
Debt / FCF = 27.75 (Net Debt 1.63b / FCF TTM 58.8m)
Total Stockholder Equity = 2.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.23% (Net Income 104.2m / Total Assets 8.37b)
RoE = 5.06% (Net Income TTM 104.2m / Total Stockholder Equity 2.06b)
RoCE = 11.19% (EBIT 348.4m / Capital Employed (Equity 2.06b + L.T.Debt 1.05b))
RoIC = 5.24% (NOPAT 201.7m / Invested Capital 3.85b)
WACC = 5.89% (E(2.39b)/V(4.20b) * Re(7.40%) + D(1.81b)/V(4.20b) * Rd(6.74%) * (1-Tc(0.42)))
Discount Rate = 7.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.63 | Cagr: -1.84%
[DCF] Terminal Value 75.44% ; FCFF base≈58.8m ; Y1≈59.0m ; Y5≈62.5m
[DCF] Fair Price = N/A (negative equity: EV 972.8m - Net Debt 1.63b = -658.8m; debt exceeds intrinsic value)
EPS Correlation: -96.62 | EPS CAGR: -26.28% | SUE: 0.59 | # QB: 0
Revenue Correlation: -42.57 | Revenue CAGR: -1.37% | SUE: 1.84 | # QB: 3
EPS current Quarter (2026-09-30): EPS=1.01 | Chg30d=-5.11% | Revisions=-25% | Analysts=10
EPS current Year (2026-12-31): EPS=3.62 | Chg30d=-2.07% | Revisions=+7% | GrowthEPS=+21.9% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=4.85 | Chg30d=+1.30% | Revisions=+0% | GrowthEPS=+34.0% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: -6% (up=14, down=16)