ManpowerGroup Inc.

ManpowerGroup Inc.

MANยทNYSE

$31.62

-4.0%
IndustrialsStaffing & Employment Services

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; contingent staffing and permanent recruitment services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; solutions in the areas of organizational efficiency, individual development, and career mobility; and recruitment process outsourcing, TAPFIN managed, and talent based outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,200 offices in 75 countries and territories. The company was incorporated in 1948 and is based in Milwaukee, Wisconsin.

At a Glance

Live Snapshot
Market Cap$1.47B
EPS-0.2900
P/E Ratio-104.17
Earnings Date07/16/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -104.2).

Valuation inputs: P/E -104.2, earnings yield N/A, momentum -4.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -0.7%, ROIC -0.7%).

Profitability stack: net margin -0.1%, ROE -0.7%, ROIC -0.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +77.5%, momentum -4.0%, net margin -0.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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ManpowerGroup Inc. Market vs Earnings Trajectory

MAN ยท NYSE

Loading price and EPS data...

ManpowerGroup Inc.

ManpowerGroup Inc. Fair Value Envelope

MAN ยท NYSE

Our analysis suggests that MAN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $31.62, this represents a potential HIDDEN relative to our calculated worth for ManpowerGroup Inc..

Intrinsic Value
Current Price: $31.62
3Y-104.0%
5Y-171.0%
10Y-105.0%
3Y-9.0%
5Y-
10Y-9.0%
3Y-104.0%
5Y-156.0%
10Y-103.0%
3Y-125.0%
5Y-111.0%
10Y-117.0%
3Y-146.0%
5Y-118.0%
10Y-130.0%
3Y-
5Y-2.0%
10Y+21.0%
ManpowerGroup Inc.

ManpowerGroup Inc. Profit Bridge

MAN ยท NYSE
Revenue17.96B
Cost of Goods Sold (14.96B)
Gross Profit3.00B
Operating Expenses (2.76B)
Operating Income238.80M
Interest Expense (95.40M)
Other Income/Expense-145.40M
Pretax Income93.40M
Income Tax (106.70M)
Net Income-13.30M
Net Income
-13.30M

Profitability Analysis

Gross Margin

16.7%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

1.3%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

-0.1%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Effective Tax Rate

114.2%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.

16.69%
Gross Profit Margin
-3%
3Y-7.0%
5Y+6.0%
10Y-2.0%
1.33%
Operating Profit Margin
-22%
3Y-60.0%
5Y-35.0%
10Y-65.0%
-0.07%
Net Profit Margin
-109%
3Y-104.0%
5Y-156.0%
10Y-103.0%
-0.65%
Return on Equity
-109%
3Y-104.0%
5Y-166.0%
10Y-103.0%
-0.15%
Return on Assets
-108%
3Y-104.0%
5Y-157.0%
10Y-102.0%
-0.73%
Return on Invested Capital
-116%
3Y-107.0%
5Y-159.0%
10Y-108.0%
MAN

ManpowerGroup Inc. Cash Conversion Engine

MAN ยท NYSE
Net Income-13.30M
Depreciation & Amortization86.00M
Stock-Based Compensation26.30M
Change in Working Capital-269.30M
Others102.00M
Capital Expenditures-57.30M
Free Cash Flow-161.40M

Cash Flow Quality Analysis

FCF Conversion Rate

1213.5%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-55.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-162.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$269.30M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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ManpowerGroup Inc. Funding & Solvency Profile

MAN ยท NYSE
Cash & Cash Equivalents224.90M
Net Receivables4.63B
Inventory0.00
Other Current Assets209.70M
Total Current Assets5 B
Property, Plant & Equipment492.10M
Goodwill & Intangible Assets1.96B
Long-Term Investments0.00
Other Non-Current Assets874.10M
Total Non-Current Assets1 B
Total Assets
8.39B

Financial Health Analysis

Current Ratio

1.12x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

3.06x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

560 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

60% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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ManpowerGroup Inc. Street Expectations Map

MAN ยท NYSE

Wall Street analysts project that MAN stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 37.86, with estimates ranging from a low of 30.00 to a high of 45.00.

Lowest Target
30.00
-5.12%
Consensus Target
37.86
19.73%
Highest Target
45.00
42.31%

The consensus 1-year price target stands at 37.86, with estimates ranging from a low of 30.00 to a high of 45.00.

Analyst Consensus Analysis

Upside Potential

+19.7%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

39.6% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

8.26x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

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ManpowerGroup Inc. Insider Positioning

MAN ยท NYSE

During the last 12 months, there has been no insider trading activity reported for MAN.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
-100%
3Y-
5Y-
10Y-100.0%
ย 

man Dividend History

MAN
10Y CAGR +10%
Latest $0.72
Annual $2.16
5 year growth trend
Last Period: +0%