Overview Dividends

(MANU) Manchester United - Ratings and Ratios

Exchange: NYSE • Country: United Kingdom • Currency: USD • Type: Common Stock • ISIN: KYG5784H1065

Media Rights, Merchandise, Sponsorships, Matchday, Licensing

MANU EPS (Earnings per Share)

EPS Growth (3Y CAGR): -5.82%
EPS Trend (3Y Correlation): -9.3%

MANU Revenue

Revenue Growth (3Y CAGR): 4.98%
Revenue Trend (3Y Correlation): 5.0%

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.

MANU Stock Overview

Market Cap in USD	2,867m
Sub-Industry	Movies & Entertainment
IPO / Inception	2012-08-10

MANU Stock Ratings

Growth Rating	8.54%
Fundamental	27.9%
Dividend Rating	1.0%
Return 12m vs S&P 500	-21.1%
Analyst Rating	4.0 of 5

MANU Dividends

Currently no dividends paid

MANU Growth Ratios

Growth Correlation 3m	-4.7%
Growth Correlation 12m	15.1%
Growth Correlation 5y	19.1%
CAGR 5y	5.99%
CAGR/Max DD 3y (Calmar Ratio)	0.11
CAGR/Mean DD 3y (Pain Ratio)	0.19
Sharpe Ratio 12m	-1.23
Alpha	-19.87
Beta	0.638
Volatility	43.96%
Current Volume	246.5k
Average Volume 20d	470.1k
Stop Loss	14.9 (-4.6%)
Signal	-0.64

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-33.0m TTM) > 0 and > 6% of Revenue (6% = 40.0m TTM)

FCFTA -0.10 (>2.0%) and ΔFCFTA -0.77pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -69.97% (prev -48.01%; Δ -21.96pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.04 (>3.0%) and CFO 72.7m > Net Income -33.0m (YES >=105%, WARN >=100%)

Net Debt (559.3m) to EBITDA (229.6m) ratio: 2.44 <= 3.0 (WARN <= 3.5)

Current Ratio 0.38 (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 3.94% (target <= -2.0% for YES)

Gross Margin 91.60% (prev 62.74%; Δ 28.87pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 44.69% (prev 49.21%; Δ -4.51pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.20 (EBITDA TTM 229.6m / Interest Expense TTM 83.7m) >= 6 (WARN >= 3)

Altman Z'' -2.54

(A) -0.28 = (Total Current Assets 284.0m - Total Current Liabilities 750.4m) / Total Assets 1.64b

(B) -0.21 = Retained Earnings (Balance) -341.6m / Total Assets 1.64b

(D) -0.06 = Book Value of Equity -92.3m / Total Liabilities 1.44b

Total Rating: -2.54 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 27.85

1. Piotroski 4.0pt = -1.0

2. FCF Yield -5.90% = -2.95

3. FCF Margin -24.28% = -7.50

4. Debt/Equity 3.33 = -1.25

5. Debt/Ebitda 2.44 = -0.84

6. ROIC - WACC (= -4.82)% = -6.02

7. RoE -17.95% = -2.50

8. Rev. Trend 4.96% = 0.37

9. EPS Trend -9.28% = -0.46

What is the price of MANU shares?

As of November 07, 2025, the stock is trading at USD 15.62 with a total of 246,500 shares traded.
Over the past week, the price has changed by -9.71%, over one month by +1.17%, over three months by -13.13% and over the past year by -9.40%.

Is Manchester United a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Manchester United (NYSE:MANU) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 27.85 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MANU is around 14.32 USD . This means that MANU is currently overvalued and has a potential downside of -8.32%.

Is MANU a buy, sell or hold?

Manchester United has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy MANU.

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	22.1	41.2%
Analysts Target Price	22.1	41.2%
ValueRay Target Price	15.7	0.6%

MANU Fundamental Data Overview November 04, 2025

Market Cap GBP = 2.18b (2.87b USD * 0.7619 USD.GBP)
P/S = 4.3022
P/B = 10.2042
P/EG = 1556.6
Beta = 0.638
Revenue TTM = 666.5m GBP
EBIT TTM = 16.5m GBP
EBITDA TTM = 229.6m GBP
Long Term Debt = 471.9m GBP (from longTermDebt, last quarter)
Short Term Debt = 165.7m GBP (from shortTermDebt, last quarter)
Debt = 645.4m GBP (from shortLongTermDebtTotal, last quarter)
Net Debt = 559.3m GBP (from netDebt column, last quarter)
Enterprise Value = 2.74b GBP (2.18b + Debt 645.4m - CCE 86.1m)
Interest Coverage Ratio = 0.20 (Ebit TTM 16.5m / Interest Expense TTM 83.7m)
FCF Yield = -5.90% (FCF TTM -161.8m / Enterprise Value 2.74b)
FCF Margin = -24.28% (FCF TTM -161.8m / Revenue TTM 666.5m)
Net Margin = -4.95% (Net Income TTM -33.0m / Revenue TTM 666.5m)
Gross Margin = 91.60% ((Revenue TTM 666.5m - Cost of Revenue TTM 56.0m) / Revenue TTM)
Gross Margin QoQ = 74.80% (prev 100.0%)
Tobins Q-Ratio = 1.68 (Enterprise Value 2.74b / Total Assets 1.64b)
Interest Expense / Debt = 1.31% (Interest Expense 8.48m / Debt 645.4m)
Taxrate = -4.81% (negative due to tax credits) (179.0k / -3.72m)
NOPAT = 17.3m (EBIT 16.5m * (1 - -4.81%)) [negative tax rate / tax credits]
Current Ratio = 0.38 (Total Current Assets 284.0m / Total Current Liabilities 750.4m)
Debt / Equity = 3.33 (Debt 645.4m / totalStockholderEquity, last quarter 193.7m)
Debt / EBITDA = 2.44 (Net Debt 559.3m / EBITDA 229.6m)
Debt / FCF = -3.46 (negative FCF - burning cash) (Net Debt 559.3m / FCF TTM -161.8m)
Total Stockholder Equity = 184.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.02% (Net Income -33.0m / Total Assets 1.64b)
RoE = -17.95% (Net Income TTM -33.0m / Total Stockholder Equity 184.0m)
RoCE = 2.52% (EBIT 16.5m / Capital Employed (Equity 184.0m + L.T.Debt 471.9m))
RoIC = 1.96% (NOPAT 17.3m / Invested Capital 882.9m)
WACC = 6.78% (E(2.18b)/V(2.83b) * Re(8.37%) + D(645.4m)/V(2.83b) * Rd(1.31%) * (1-Tc(-0.05)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.60%
Fair Price DCF = unknown (Cash Flow -161.8m)
EPS Correlation: -9.28 | EPS CAGR: -5.82% | SUE: -0.00 | # QB: 0
Revenue Correlation: 4.96 | Revenue CAGR: 4.98% | SUE: -0.02 | # QB: 0

Additional Sources for MANU Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle