(MANU) Manchester United - Ratings and Ratios
Media Rights, Merchandise, Sponsorships, Matchday, Licensing
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 38.2% |
| Value at Risk 5%th | 49.0% |
| Relative Tail Risk | -22.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.25 |
| Alpha | -23.39 |
| CAGR/Max DD | -0.20 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.569 |
| Beta | 0.693 |
| Beta Downside | 0.223 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.51% |
| Mean DD | 32.49% |
| Median DD | 35.56% |
Description: MANU Manchester United November 07, 2025
Manchester United plc (NYSE:MANU) operates a globally recognized football club and monetizes its brand through four primary streams: match-day revenue (ticket sales, hospitality, stadium operations at Old Trafford), commercial partnerships and sponsorships, licensed merchandise sales, and the distribution of live football content via broadcast rights and its own MUTV channel.
In FY 2023 the club generated £657 million in total revenue, with commercial activities (sponsorship and merchandise) contributing roughly 45 % and broadcasting rights accounting for about 30 %; the team posted a net profit of £62 million, reflecting a modest improvement over the prior year despite a 10 % dip in match-day earnings due to reduced stadium capacity.
The key economic drivers for Manchester United include the renewal cycle of Premier League and UEFA broadcasting contracts (which set a floor for media income), the performance-linked nature of sponsorship deals (e.g., the €600 million Adidas partnership), and macro-level factors such as UK consumer confidence and foreign exchange movements that affect overseas merchandise sales and ticket pricing for international fans.
For a data-rich, quantitative assessment of how these variables translate into valuation risk and upside, you might explore the analytical dashboards on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (-41.0m TTM) > 0 and > 6% of Revenue (6% = 39.8m TTM) |
| FCFTA -0.11 (>2.0%) and ΔFCFTA -1.77pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -86.33% (prev -76.88%; Δ -9.44pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 58.1m > Net Income -41.0m (YES >=105%, WARN >=100%) |
| Net Debt (668.7m) to EBITDA (156.8m) ratio: 4.26 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.31 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (172.4m) change vs 12m ago 1.84% (target <= -2.0% for YES) |
| Gross Margin 91.57% (prev 61.93%; Δ 29.64pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 39.39% (prev 39.42%; Δ -0.04pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.01 (EBITDA TTM 156.8m / Interest Expense TTM 86.6m) >= 6 (WARN >= 3) |
Altman Z'' -3.06
| (A) -0.33 = (Total Current Assets 256.3m - Total Current Liabilities 829.3m) / Total Assets 1.73b |
| (B) -0.20 = Retained Earnings (Balance) -348.1m / Total Assets 1.73b |
| (C) 0.00 = EBIT TTM 1.23m / Avg Total Assets 1.69b |
| (D) -0.23 = Book Value of Equity -348.1m / Total Liabilities 1.54b |
| Total Rating: -3.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 22.57
| 1. Piotroski 3.0pt |
| 2. FCF Yield -7.53% |
| 3. FCF Margin -28.92% |
| 4. Debt/Equity 3.46 |
| 5. Debt/Ebitda 4.26 |
| 6. ROIC - WACC (= -7.04)% |
| 7. RoE -21.18% |
| 8. Rev. Trend 3.59% |
| 9. EPS Trend 15.59% |
What is the price of MANU shares?
Over the past week, the price has changed by -2.31%, over one month by -0.78%, over three months by -5.59% and over the past year by -14.03%.
Is MANU a buy, sell or hold?
- Strong Buy: 2
- Buy: 0
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the MANU price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 22.7 | 49.3% |
| Analysts Target Price | 22.7 | 49.3% |
| ValueRay Target Price | 14.9 | -2% |
MANU Fundamental Data Overview December 14, 2025
P/S = 3.984
P/B = 10.9074
P/EG = 1556.6
Beta = 0.581
Revenue TTM = 663.8m GBP
EBIT TTM = 1.23m GBP
EBITDA TTM = 156.8m GBP
Long Term Debt = 481.2m GBP (from longTermDebt, last quarter)
Short Term Debt = 267.9m GBP (from shortLongTermDebt, last quarter)
Debt = 645.4m GBP (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 668.7m GBP (from netDebt column, last quarter)
Enterprise Value = 2.55b GBP (1.99b + Debt 645.4m - CCE 80.5m)
Interest Coverage Ratio = 0.01 (Ebit TTM 1.23m / Interest Expense TTM 86.6m)
FCF Yield = -7.53% (FCF TTM -192.0m / Enterprise Value 2.55b)
FCF Margin = -28.92% (FCF TTM -192.0m / Revenue TTM 663.8m)
Net Margin = -6.18% (Net Income TTM -41.0m / Revenue TTM 663.8m)
Gross Margin = 91.57% ((Revenue TTM 663.8m - Cost of Revenue TTM 56.0m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 74.80%)
Tobins Q-Ratio = 1.48 (Enterprise Value 2.55b / Total Assets 1.73b)
Interest Expense / Debt = 3.51% (Interest Expense 22.7m / Debt 645.4m)
Taxrate = 21.47% (-1.81m / -8.46m)
NOPAT = 966.7k (EBIT 1.23m * (1 - 21.47%))
Current Ratio = 0.31 (Total Current Assets 256.3m / Total Current Liabilities 829.3m)
Debt / Equity = 3.46 (Debt 645.4m / totalStockholderEquity, last quarter 186.3m)
Debt / EBITDA = 4.26 (Net Debt 668.7m / EBITDA 156.8m)
Debt / FCF = -3.48 (negative FCF - burning cash) (Net Debt 668.7m / FCF TTM -192.0m)
Total Stockholder Equity = 193.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.37% (Net Income -41.0m / Total Assets 1.73b)
RoE = -21.18% (Net Income TTM -41.0m / Total Stockholder Equity 193.6m)
RoCE = 0.18% (EBIT 1.23m / Capital Employed (Equity 193.6m + L.T.Debt 481.2m))
RoIC = 0.11% (NOPAT 966.7k / Invested Capital 901.3m)
WACC = 7.14% (E(1.99b)/V(2.63b) * Re(8.57%) + D(645.4m)/V(2.63b) * Rd(3.51%) * (1-Tc(0.21)))
Discount Rate = 8.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.62%
Fair Price DCF = unknown (Cash Flow -192.0m)
EPS Correlation: 15.59 | EPS CAGR: -68.42% | SUE: 0.00 | # QB: 0
Revenue Correlation: 3.59 | Revenue CAGR: -7.16% | SUE: -0.00 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.12 | Chg30d=-0.040 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-06-30): EPS=0.13 | Chg30d=-0.240 | Revisions Net=+2 | Growth EPS=+226.9% | Growth Revenue=-1.8%
EPS next Year (2027-06-30): EPS=0.39 | Chg30d=-0.040 | Revisions Net=+1 | Growth EPS=+200.0% | Growth Revenue=+14.6%
Additional Sources for MANU Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle