MAN Stock Analysis: ManpowerGroup | NYSE
Staffing & Employment Services | NYSE, USA | Market Cap: 2.413m USD | 12M Return: 25.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.8M
EPS Trend: -96.6%
Qual. Beats: 0
Rev. Trend: -76.0%
Qual. Beats: 2
Warnings
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: -16.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -1.39 > 1.0 |
| NWC/Revenue: 3.05% < 20% (prev 2.91%; Δ 0.14% < -1%) |
| CFO/TA -0.01 > 3% & CFO -77.2m > Net Income -16.4m |
| Net Debt (1.71b) to EBITDA (275.7m): 6.19 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.1m) vs 12m ago -0.42% < -2% |
| Gross Margin: 16.49% > 18% (prev 17.22%; Δ -0.74% > 0.5%) |
| Asset Turnover: 223.7% > 50% (prev 218.2%; Δ 5.48% > 0%) |
| Interest Coverage Ratio: 1.93 > 6 (EBIT TTM 190.7m / Interest Expense TTM 98.6m) |
| A: 0.07 (Total Current Assets 5.06b - Total Current Liabilities 4.50b) / Total Assets 8.39b |
| B: 0.45 (Retained Earnings 3.73b / Total Assets 8.39b) |
| C: 0.02 (EBIT TTM 190.7m / Avg Total Assets 8.21b) |
| D: 0.33 (Book Value of Equity 2.06b / Total Liabilities 6.33b) |
| Altman-Z'' = 2.39 = BBB |
| DSRI: 1.06 (Receivables 4.63b/4.17b, Revenue 18.4b/17.5b) |
| GMI: 1.04 (GM 17.22% / 16.49%) |
| AQI: 0.98 (AQ_t 0.34 / AQ_t-1 0.35) |
| SGI: 1.05 (Revenue 18.4b / 17.5b) |
| TATA: 0.01 (NI -16.4m - CFO -77.2m) / TA 8.39b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of July 17, 2026, the stock is trading at USD 51.65 with a total of 5,354,745 shares traded. Over the past week, the price has changed by +37.84%, over one month by +50.98%, over three months by +70.49% and over the past year by +25.78%.
Current recommended Stop Loss: 49.20 (which is 4.7% 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 | 37.9 | -26.5% |
P/E Forward = 10.6952
P/S = 0.0992
P/B = 0.9148
P/EG = 0.943
Revenue TTM = 18.4b USD
EBIT TTM = 190.7m USD
EBITDA TTM = 275.7m USD
Long Term Debt = 1.03b USD (from longTermDebt, last quarter)
Short Term Debt = 217.0m USD (from shortTermDebt, last quarter)
Debt = 1.93b USD (from shortLongTermDebtTotal, last quarter) + Leases 392.2m
Net Debt = 1.71b USD (calculated: Debt 1.93b - CCE 224.9m)
Enterprise Value = 4.12b USD (2.41b + Debt 1.93b - CCE 224.9m)
Interest Coverage Ratio = 1.93 (Ebit TTM 190.7m / Interest Expense TTM 98.6m)
EV/FCF = -31.73x (Enterprise Value 4.12b / FCF TTM -129.8m)
FCF Yield = -3.15% (FCF TTM -129.8m / Enterprise Value 4.12b)
FCF Margin = -0.71% (FCF TTM -129.8m / Revenue TTM 18.4b)
Net Margin = -0.09% (Net Income TTM -16.4m / Revenue TTM 18.4b)
Gross Margin = 16.49% ((Revenue TTM 18.4b - Cost of Revenue TTM 15.3b) / Revenue TTM)
Gross Margin QoQ = 16.03% (prev 16.27%)
Tobins Q-Ratio = 0.49 (Enterprise Value 4.12b / Total Assets 8.39b)
Interest Expense / Debt = 5.11% (Interest Expense 98.6m / Debt 1.93b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 150.7m (EBIT 190.7m * (1 - 21.00%))
Current Ratio = 1.12 (Total Current Assets 5.06b / Total Current Liabilities 4.50b)
Debt / Equity = 0.94 (Debt 1.93b / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = 6.19 (Net Debt 1.71b / EBITDA 275.7m)
Debt / FCF = -13.14 (negative FCF - burning cash) (Net Debt 1.71b / FCF TTM -129.8m)
Total Stockholder Equity = 2.03b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.20% (Net Income -16.4m / Total Assets 8.39b)
RoE = -0.81% (Net Income TTM -16.4m / Total Stockholder Equity 2.03b)
RoCE = 6.22% (EBIT 190.7m / Capital Employed (Equity 2.03b + L.T.Debt 1.03b))
RoIC = 3.88% (NOPAT 150.7m / Invested Capital 3.88b)
WACC = 6.05% (E(2.41b)/V(4.34b) * Re(7.67%) + D(1.93b)/V(4.34b) * Rd(5.11%) * (1-Tc(0.21)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.10 | Cagr: -1.47%
[DCF] Fair Price = unknown (Cash Flow -129.8m)
EPS Correlation: -96.62 | EPS CAGR: -26.28% | SUE: 0.59 | # QB: 0
Revenue Correlation: -75.97 | Revenue CAGR: -2.68% | SUE: 1.28 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.01 | Chg30d=-4.17% | Revisions=-25% | Analysts=10
EPS current Year (2026-12-31): EPS=3.60 | Chg30d=-2.18% | Revisions=+7% | GrowthEPS=+21.3% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=4.69 | Chg30d=-2.12% | Revisions=+0% | GrowthEPS=+30.1% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: -6% (up=14, down=16)