Projected Income Statement: Manchester United plc

Forecast Balance Sheet: Manchester United plc

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 204 474 420 519 537 422 373 299
Change - 132.35% -11.39% 23.57% 3.47% -21.46% -11.61% -19.84%
Announcement Date 24/09/19 21/10/20 17/09/21 22/09/22 26/10/23 - - -
1GBP in Million
Estimates

Cash Flow Forecast: Manchester United plc

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 135.2 191.6 98.43 93.43 140.2 147.5 135 125
Change - 41.7% -48.61% -5.08% 50.01% 5.24% -8.47% -7.41%
Free Cash Flow (FCF) 1 231 -195.4 39.34 28.27 -44.39 38 64 160
Change - -184.56% -120.14% -28.14% -257.01% -185.6% 68.42% 150%
Announcement Date 24/09/19 21/10/20 17/09/21 22/09/22 26/10/23 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Manchester United plc

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 29.63% 25.96% 19.24% 13.91% 23.89% 22.02% 26.67% 27%
EBIT Margin (%) 7.97% 1.03% -7.47% -14.98% -1.72% -8.2% -2.32% -0.14%
EBT Margin (%) 4.38% -4.09% -4.86% -25.66% -5.02% -12.85% -9.54% -6.4%
Net margin (%) 3.01% -4.56% -18.66% -19.81% -4.42% -8.77% -7.37% -4.94%
FCF / Net Income (%) 36.84% -38.38% 7.96% 4.85% -6.85% 5.83% 8.89% 21.93%

Profitability

        
ROA 1.24% -1.61% -3.38% -9.05% -2.2% -6.06% -4.12% -3.42%
ROE 4.48% -6.06% -14.32% -57.75% -24.78% -88.54% -62.5% -135.2%

Financial Health

        
Leverage (Debt/EBITDA) 1.1x 3.59x 4.41x 6.4x 3.47x 2.94x 1.95x 1.52x
Debt / Free cash flow 0.88x -2.43x 10.66x 18.37x -12.1x 11.09x 5.84x 1.87x

Capital Intensity

        
CAPEX / Current Assets (%) 21.56% 37.63% 19.92% 16.02% 21.62% 22.64% 18.75% 17.13%
CAPEX / EBITDA (%) 72.76% 144.97% 103.56% 115.14% 90.47% 102.79% 70.31% 63.45%
CAPEX / FCF (%) 58.51% -98.04% 250.19% 330.46% -315.74% 388.16% 210.94% 78.12%

Items per share

        
Cash flow per share 1 1.487 -0.0233 0.8456 0.7466 0.5873 0.7462 0.8992 0.9698
Change - -101.56% -3,735.43% -11.71% -21.34% 27.05% 120.51% 107.85%
Dividend per Share 1 0.1444 0.138 0.1316 0.247 - 0.1775 0.1775 0.0875
Change - -4.47% -4.6% 87.62% - - 100% 49.3%
Book Value Per Share 1 2.524 2.138 1.672 0.7823 0.6375 0.5884 0.2363 -0.0605
Change - -15.27% -21.79% -53.23% -18.51% -7.7% 40.16% -25.58%
EPS 1 0.1147 -0.1414 -0.566 -0.7086 -0.1759 -0.3469 -0.3179 -0.2114
Change - -223.28% 300.28% 25.19% -75.18% 97.22% 91.63% 66.51%
Nbr of stocks (in thousands) 164,526 164,261 162,939 163,003 163,062 167,537 167,537 167,537
Announcement Date 24/09/19 21/10/20 17/09/21 22/09/22 26/10/23 - - -
1GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
13.04GBP
Average target price
14.98GBP
Spread / Average Target
+14.87%
Consensus
  1. Stock Market
  2. Equities
  3. MANU Stock
  4. Financials Manchester United plc