MAN SE

MAN's net profit fell 178% yoy to EUR -170 mil in 2Q2020

By Helgi Analytics - September 30, 2020

MAN SE made a net profit of EUR -170 mil with revenues of EUR 2,335 mil in 2Q2020, down by 178% and down by 26.1%, re...

MAN's Sales fell 26.1% yoy to EUR 2,335 mil in 2Q2020

By Helgi Analytics - September 30, 2020

MAN SE generated sales of EUR 2,335 mil in 2Q2020, down 26.1% compared to the previous year. Historically, between 1Q19...

MAN's Total Cash From Operations rose 29.1% yoy to EUR -82.0 mil in 2Q2020

By Helgi Analytics - September 30, 2020

MAN SE's operating cash flow stood at EUR -82.0 mil in 2Q2020, up 29.1% when compared to the previous year. Historically...

Profit Statement 2017 2018 2019
Sales EUR mil 11,087 12,104 12,663
Gross Profit EUR mil 2,091 2,200 2,278
EBITDA EUR mil 1,292 1,273 1,363
EBIT EUR mil 366 324 360
Financing Cost EUR mil 166 126 129
Pre-Tax Profit EUR mil 327 562 711
Net Profit EUR mil 311 675 712
Dividends EUR mil 750 750 16.2
Balance Sheet 2017 2018 2019
Total Assets EUR mil 20,282 19,751 18,846
Non-Current Assets EUR mil 13,390 12,441 13,281
Current Assets EUR mil 6,892 7,310 5,565
Working Capital EUR mil 3,583 2,270 2,365
Shareholders' Equity EUR mil 6,125 5,685 6,048
Liabilities EUR mil 14,157 14,066 12,798
Total Debt EUR mil 5,952 7,765 6,832
Net Debt EUR mil 5,034 4,442 5,542
Ratios 2017 2018 2019
ROE % 5.19 11.4 12.1
ROCE % 1.88 4.26 4.69
Gross Margin % 18.9 18.2 18.0
EBITDA Margin % 11.7 10.5 10.8
EBIT Margin % 3.30 2.68 2.84
Net Margin % 2.81 5.58 5.62
Net Debt/EBITDA 3.90 3.49 4.07
Net Debt/Equity % 82.2 78.1 91.6
Cost of Financing % 2.89 1.84 1.77
Valuation 2017 2018 2019
Market Capitalisation USD mil 16,864 15,180 7,133
Enterprise Value (EV) USD mil 22,899 20,273 13,347
Number Of Shares mil 147 147 147
Share Price EUR 85.8 83.7 43.2
EV/EBITDA 15.8 13.6 8.64
EV/Sales 1.84 1.43 0.930
Price/Earnings (P/E) 40.5 18.2 8.93
Price/Book Value (P/BV) 2.06 2.16 1.05
Dividend Yield % 3.58 3.67 11.8

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overview Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Sales EUR mil                                               15,861 14,286 13,702 13,564 11,087    
Gross Profit EUR mil ... ... ... ... ... ... ... ... ...                             2,760 2,591 2,594 2,531 2,091    
EBIT EUR mil                                               356 406 88.0 210 366    
Net Profit EUR mil                                               -524 254 140 -18.0 311    
                                                               
ROE % ...                                             -9.65 4.74 2.53 -0.315 5.19    
EBIT Margin %                                               2.24 2.84 0.642 1.55 3.30    
Net Margin %                                               -3.30 1.78 1.02 -0.133 2.81    
Employees                                               56,102 55,903 55,030 49,982 54,297    
balance sheet                                                            
Total Assets EUR mil                                               22,537 17,538 18,110 19,438 20,282    
Non-Current Assets EUR mil                                               9,949 10,534 11,203 12,795 13,390    
Current Assets EUR mil                                               12,588 7,004 6,907 6,643 6,892    
                                                               
Shareholders' Equity EUR mil                                               5,227 5,485 5,565 5,850 6,125    
Liabilities EUR mil                                               17,310 12,053 12,545 13,588 14,157    
Non-Current Liabilities EUR mil                                               5,749 5,159 5,081 4,852 6,193    
Current Liabilities EUR mil                                               11,561 6,894 7,464 8,736 7,964    
                                                               
Net Debt/EBITDA                               ...               2.68 3.54 4.21 4.21 3.90    
Net Debt/Equity %                                               58.4 73.6 72.0 77.5 82.2    
Cost of Financing % ...                         ...     ...             3.76 3.11 3.42 3.25 2.89    
cash flow                                                            
Total Cash From Operations EUR mil ... ... ... ...                                       136 -695 1,162 831 268    
Total Cash From Investing EUR mil ... ... ... ...                                       -516 422 -492 -728 -514    
Total Cash From Financing EUR mil ... ... ... ...                                       279 -411 -392 -125 262    
Net Change In Cash EUR mil ... ... ... ...                                       -158 -682 253 17.0 -14.0    
valuation                                                            
Market Capitalisation USD mil                                               18,096 16,397 14,811 14,629 16,864    
Enterprise Value (EV) USD mil                                               21,722 21,218 19,620 19,419 22,899    
Number Of Shares mil                                               147 147 147 147 147    
Share Price EUR                                               70.4 75.2 78.1 82.1 85.8    
Price/Earnings (P/E)                                               -19.7 43.4 82.2 -684 40.5    
Price/Cash Earnings (P/CE)                               ...               39.8 11.2 11.4 14.2 10.2    
EV/EBITDA                               ...               14.4 14.4 18.0 16.8 15.8    
Price/Book Value (P/BV)                                               1.98 2.01 2.06 2.06 2.06    
Dividend Yield %                                               1.42 4.09 3.93 3.74 3.58    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Sales EUR mil                                               15,861 14,286 13,702 13,564 11,087    
Cost of Goods & Services EUR mil ... ... ... ... ... ... ... ... ...                             13,101 11,695 11,108 11,033 8,996    
Gross Profit EUR mil ... ... ... ... ... ... ... ... ...                             2,760 2,591 2,594 2,531 2,091    
Selling, General & Admin EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             2,480 2,321 2,324 2,322 1,811    
Research & Development EUR mil ... ... ... ... ...                 ...                   540 608 670 706 542    
Other Operating Expense EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -354 -465 -376 -457 -396    
Staff Cost EUR mil                                               3,343 3,417 3,760 6,880 3,686    
Other Operating Cost (Income) EUR mil ... ... ... ... ... ... ... ... ... ...       ...                   253 209 150 188 181    
EBITDA EUR mil                               ...               1,140 1,142 952 1,078 1,292    
Depreciation EUR mil                               ...               784 736 864 868 926    
EBIT EUR mil                                               356 406 88.0 210 366    
Net Financing Cost EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ...                     190 102 91.0 133 116    
Financing Cost EUR mil                           ...     ...             204 162 172 174 166    
Financing Income EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   14.0 60.0 81.0 41.0 50.0    
FX (Gain) Loss EUR mil ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ...         47.0 22.0 -4.00 6.00 16.0    
(Income) / Loss from Affiliates EUR mil ... ... ... ... ...                 ...                   41.0 -16.0 -11.0 -19.0 -72.0    
Extraordinary Cost EUR mil                           ...     ...             -20.0 2.00 -179 -13.0 -127    
Pre-Tax Profit EUR mil                                               172 242 95.0 49.0 327    
Tax EUR mil                                               377 99.0 -65.0 55.0 172    
Minorities EUR mil                                               11.0 13.0 10.0 12.0 10.0    
Net Profit EUR mil                                               -524 254 140 -18.0 311    
Net Profit Avail. to Common EUR mil                                               -524 254 140 -18.0 311    
Dividends EUR mil                                               21.0 451 451 451 750    
growth rates                                                            
Total Revenue Growth % ...                                             0.564 -9.93 -4.09 -1.01 -18.3    
Operating Cost Growth % ...                         ... ...                 -17.8 -9.90 10.9 -5.53 -24.0    
Staff Cost Growth % ...                                             2.36 2.21 10.0 83.0 -46.4    
EBITDA Growth % ...                             ... ...             30.1 0.175 -16.6 13.2 19.9    
EBIT Growth % ...                                             -38.5 14.0 -78.3 139 74.3    
Pre-Tax Profit Growth % ...                                             -45.6 40.7 -60.7 -48.4 567    
Net Profit Growth % ...                                             -391 -148 -44.9 -113 -1,828    
ratios                                                            
ROE % ...                                             -9.65 4.74 2.53 -0.315 5.19    
ROA % ...                                             -2.47 1.27 0.785 -0.096 1.57    
ROCE % ...                                             -3.65 1.87 0.993 -0.119 1.88    
Gross Margin % ... ... ... ... ... ... ... ... ...                             17.4 18.1 18.9 18.7 18.9    
EBITDA Margin %                               ...               7.19 7.99 6.95 7.95 11.7    
EBIT Margin %                                               2.24 2.84 0.642 1.55 3.30    
Net Margin %                                               -3.30 1.78 1.02 -0.133 2.81    
Payout Ratio %                                               -4.01 178 322 -2,508 241    
Cost of Financing % ...                         ...     ...             3.76 3.11 3.42 3.25 2.89    
Net Debt/EBITDA                               ...               2.68 3.54 4.21 4.21 3.90    
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                            
Cash & Cash Equivalents EUR mil                                               2,495 821 1,181 996 918    
Receivables EUR mil                                               2,031 1,983 1,673 1,986 2,111    
Inventories EUR mil                                               3,112 3,095 3,058 3,245 3,397    
Other ST Assets EUR mil                                               4,950 1,105 995 416 466    
Current Assets EUR mil                                               12,588 7,004 6,907 6,643 6,892    
Property, Plant & Equipment EUR mil                                               4,657 4,894 5,235 5,784 6,143    
LT Investments & Receivables EUR mil                                               2,214 2,595 3,104 3,224 3,247    
Intangible Assets EUR mil ... ... ... ... ... ... ...     ...                           1,924 2,020 1,910 2,228 2,321    
Goodwill EUR mil ... ... ... ... ... ... ... ... ... ...                           760 786 704 779 731    
Non-Current Assets EUR mil                                               9,949 10,534 11,203 12,795 13,390    
Total Assets EUR mil                                               22,537 17,538 18,110 19,438 20,282    
                                                               
Trade Payables EUR mil                                               1,922 1,662 1,683 1,914 1,925    
Short-Term Debt EUR mil                                               2,115 2,154 2,521 3,509 2,721    
Other ST Liabilities EUR mil                                               7,501 3,043 3,245 3,293 3,272    
Current Liabilities EUR mil                                               11,561 6,894 7,464 8,736 7,964    
Long-Term Debt EUR mil                                               3,430 2,704 2,666 2,023 3,231    
Other LT Liabilities EUR mil                                               2,319 2,455 2,415 2,829 2,962    
Non-Current Liabilities EUR mil                                               5,749 5,159 5,081 4,852 6,193    
Liabilities EUR mil                                               17,310 12,053 12,545 13,588 14,157    
Preferred Equity and Hybrid Capital EUR mil ... ... ... ... ... ...                                   0 0 0 0 0    
Share Capital EUR mil                                               376 376 376 376 376    
Treasury Stock EUR mil ... ... ... ... ... ... ... ... ... ... ...   ... ...     ...             0 0 0 0 0    
Equity Before Minority Interest EUR mil                                               5,150 5,404 5,476 5,752 6,021    
Minority Interest EUR mil                                               77.0 81.0 89.0 98.0 104    
Equity EUR mil                                               5,227 5,485 5,565 5,850 6,125    
growth rates                                                            
Total Asset Growth % ...                                             13.2 -22.2 3.26 7.33 4.34    
Shareholders' Equity Growth % ...                                             -7.19 4.94 1.46 5.12 4.70    
Net Debt Growth % ...                                             -22.4 32.4 -0.768 13.2 11.0    
Total Debt Growth % ...                                             4.64 -12.4 6.77 6.65 7.59    
ratios                                                            
Total Debt EUR mil                                               5,545 4,858 5,187 5,532 5,952    
Net Debt EUR mil                                               3,050 4,037 4,006 4,536 5,034    
Working Capital EUR mil                                               3,221 3,416 3,048 3,317 3,583    
Capital Employed EUR mil                                               13,170 13,950 14,251 16,112 16,973    
Net Debt/Equity %                                               58.4 73.6 72.0 77.5 82.2    
Current Ratio                                               1.09 1.02 0.925 0.760 0.865    
Quick Ratio                                               0.391 0.407 0.382 0.341 0.380    
cash flow Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                                            
Net Profit EUR mil                                               -524 254 140 -18.0 311    
Depreciation EUR mil                               ...               784 736 864 868 926    
Non-Cash Items EUR mil ... ... ... ...                                       123 -1,677 -677 -698 -1,065    
Change in Working Capital EUR mil ... ... ... ...                                       -413 -176 654 537 110    
Total Cash From Operations EUR mil ... ... ... ...                                       136 -695 1,162 831 268    
                                                               
Capital Expenditures EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ...         -522 -566 -671 -825 -634    
Net Change in LT Investment EUR mil ... ... ... ...                   ...                   6.00 576 200 103 303    
Net Cash From Acquisitions EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         0 412 -20.0 -6.00 -1.00    
Other Investing Activities EUR mil ... ... ... ...                                       0 0 -1.00 0 -1.00    
Total Cash From Investing EUR mil ... ... ... ...                                       -516 422 -492 -728 -514    
                                                               
Dividends Paid EUR mil ... ... ... ...                                       -151 -24.0 -3.00 -4.00 0    
Issuance Of Shares EUR mil ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ... ... ...         0 0 0 0 0    
Issuance Of Debt EUR mil ... ... ... ...                                       430 -1,111 97.0 394 171    
Other Financing Activities EUR mil ... ... ... ... ...                 ... ...                 0 724 -486 -515 99.0    
Total Cash From Financing EUR mil ... ... ... ...                                       279 -411 -392 -125 262    
                                                               
Effect of FX Rates EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ... ... ...         -57.0 2.00 -25.0 39.0 -30.0    
Net Change In Cash EUR mil ... ... ... ...                                       -158 -682 253 17.0 -14.0    
ratios                                                            
Days Sales Outstanding days                                               46.7 50.7 44.6 53.4 69.5    
Days Sales Of Inventory days ... ... ... ... ... ... ... ... ...                             86.7 96.6 100 107 138    
Days Payable Outstanding days ... ... ... ... ... ... ... ... ...                             53.5 51.9 55.3 63.3 78.1    
Cash Conversion Cycle days ... ... ... ... ... ... ... ... ...                             79.9 95.4 89.7 97.5 129    
Cash Earnings EUR mil                               ...               260 990 1,004 850 1,237    
Free Cash Flow EUR mil ... ... ... ...                                       -380 -273 670 103 -246    
Capital Expenditures (As % of Sales) % ... ... ... ...                                       3.29 3.96 4.90 6.08 5.72    
other ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                             
Employees                                               56,102 55,903 55,030 49,982 54,297    
Cost Per Employee USD per month                                               6,592 6,566 6,527 12,298 6,352    
Cost Per Employee (Local Currency) EUR per month                                               4,966 5,094 5,694 11,471 5,657    
Employee Turnover % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           8.70 8.49 4.00 5.00 4.20    
Women (As % of Workforce) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               13.7 13.9 13.9 13.6 13.7    
Women (As % of Management) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ... ...
Operating Cost (As % of Sales) %                           ...                   16.8 16.8 19.4 18.5 17.2    
Research & Development (As % of Sales) % ... ... ... ... ...                 ...                   3.40 4.26 4.89 5.20 4.89    
Staff Cost (As % of Sales) %                                               21.1 23.9 27.4 50.7 33.2    
Effective Tax Rate %                                               219 40.9 -68.4 112 52.6    
Total Revenue Growth (5-year average) % ... ... ... ... ...                                     1.20 3.50 -1.36 -3.81 -6.81    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...                           1.59 0.175 1.88 0.388 -2.35    
valuation Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                             
Market Capitalisation USD mil                                               18,096 16,397 14,811 14,629 16,864    
Enterprise Value (EV) USD mil                                               21,722 21,218 19,620 19,419 22,899    
Number Of Shares mil                                               147 147 147 147 147    
Share Price EUR                                               70.4 75.2 78.1 82.1 85.8    
EV/EBITDA                               ...               14.4 14.4 18.0 16.8 15.8    
Price/Earnings (P/E)                                               -19.7 43.4 82.2 -684 40.5    
Price/Cash Earnings (P/CE)                               ...               39.8 11.2 11.4 14.2 10.2    
P/FCF ... ... ... ...                                       -27.2 -40.5 17.1 117 -51.3    
Price/Book Value (P/BV)                                               1.98 2.01 2.06 2.06 2.06    
Dividend Yield %                                               1.42 4.09 3.93 3.74 3.58    
Free Cash Flow Yield % ... ... ... ...                                       -2.79 -2.15 5.19 0.755 -1.64    
Earnings Per Share (EPS) EUR                                               -3.57 1.73 0.950 -0.120 2.12    
Cash Earnings Per Share EUR                               ...               1.77 6.73 6.83 5.78 8.41    
Free Cash Flow Per Share EUR ... ... ... ...                                       -2.59 -1.86 4.56 0.701 -1.67    
Book Value Per Share EUR                                               35.6 37.3 37.9 39.8 41.7    
Dividend Per Share EUR                                               1.00 3.07 3.07 3.07 3.07    
EV/Sales                                               1.03 1.15 1.25 1.34 1.84    
EV/EBIT                                               46.0 40.5 194 86.3 55.7    
EV/Free Cash Flow ... ... ... ...                                       -43.1 -60.3 25.5 176 -82.9    
EV/Capital Employed                                               1.39 1.27 1.15 1.14 1.13    
Earnings Per Share Growth % ...                                             -390 -148 -45.1 -113 -1,867    
Cash Earnings Per Share Growth % ...                             ... ...             -45.5 281 1.41 -15.3 45.5    
Book Value Per Share Growth % ...                                             -7.19 4.94 1.46 5.12 4.70    
sales of vehicles Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                             
Sales From Automotive EUR mil ... ... ... ... ... ... ... ... ...                             12,207 10,577 9,954 10,002 11,085    
Price Per Vehicle Sold EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               86,986 86,876 92,556 93,756 93,387    
EBIT Per Vehicle Sold EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               2,537 3,335 818 1,968 3,083    
Net Profit Per Vehicle Sold EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               -3,734 2,086 1,302 -169 2,620    
Price Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               115,473 111,983 106,098 100,516 104,860    
EBIT Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               3,368 4,298 938 2,110 3,462    
Net Profit Per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               -4,957 2,689 1,492 -181 2,942    
Market Value per Vehicle Sold (USD) USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               128,949 134,680 137,718 137,128 142,072    
Sales of Vehicles vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               140,333 121,748 107,546 106,681 118,700    
Sales of Trucks vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               119,370 103,883 89,281 ... ... ... ...
Sales of Buses vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               20,963 17,865 18,265 ... ... ... ...

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Oct 2013
Statistical Dossier
Nov 2013
Company Report

MAN's Cash & Cash Equivalents remain unchanged yoy at EUR mil in 2Q2020

By Helgi Analytics - October 12, 2020

MAN SE's total assets reached EUR 17,691 mil at the end of 2Q2020, down 7.88% compared to the previous year. Current assets amounted to EUR 5,181 mil, or 29.3% of total assets while cash stood at EUR 1,220 mil at the end of 2Q2020. ...

MAN's employees rose 3.40% yoy to 39,737 in 2019

By Helgi Analytics - September 30, 2020

MAN SE employed 39,737 employees in 2019, up 3.4% compared to the previous year. Historically, between 1990 and 2019, the firm's workforce hit a high of 77,606 employees in 2001 and a low of 38,430 employees in 2018. Average personnel cost stood at U...

MAN's net profit rose 5.48% yoy to EUR 712 mil in 2019

By Helgi Analytics - September 30, 2020

MAN SE made a net profit of EUR 712 mil with revenues of EUR 12,663 mil in 2019, up by 5.48% and up by 4.62%, respectively, compared to the previous year. This translates into a net margin of 5.62%. On the operating level, EBITDA reached EUR 1,363 mil, ...

MAN's price/earnings (P/E) fell 51.1% yoy to 8.93 in 2019

By Helgi Analytics - September 30, 2020

MAN SE stock traded at EUR 43.2 per share at the end 2019 translating into a market capitalization of USD 7,133 mil. Since the end of 2014, stock has depreciated by 42.5% representing an annual average growth of -10.5%. In absolute terms, the value of t...

MAN's Net Margin rose 0.825% yoy to 5.62% in 2019

By Helgi Analytics - September 30, 2020

MAN SE made a net profit of EUR 712 mil with revenues of EUR 12,663 mil in 2019, up by 5.48% and up by 4.62%, respectively, compared to the previous year. This translates into a net margin of 5.62%. Historically, between 1990 and 2019, the firm’s ...

MAN's Capital Expenditures fell 15.4% yoy to EUR 727 mil in 2019

By Helgi Analytics - September 30, 2020

MAN SE invested a total of EUR 727 mil in 2019, up 15.4% compared to the previous year. Historically, between 2003 - 2019, the company's investments stood at a high of EUR 825 mil in 2016 and a low of EUR 289 mil in 2009. As a percent...

MAN's Net Debt/EBITDA rose 16.5% yoy to 4.07 in 2019

By Helgi Analytics - September 30, 2020

MAN SE's net debt stood at EUR 5,542 mil and accounted for 91.6% of equity at the end of 2019. The ratio is up 13.5 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 91.6% in 2019 and a low of -42...

MAN's Share Price fell 48.4% yoy to EUR 43.2 in 2019

By Helgi Analytics - September 30, 2020

MAN SE stock traded at EUR 43.2 per share at the end 2019 implying a market capitalization of USD 7,133 mil. Since the end of 2014, stock has appreciated by -42.5% implying an annual average growth of -10.5% In absolute terms, the value of the company fe...

MAN's ROCE rose 10.1% yoy to 4.69% in 2019

By Helgi Analytics - September 30, 2020

MAN SE made a net profit of EUR 712 mil in 2019, up 5.48% compared to the previous year. Historically, between 1990 and 2019, the company's net profit reached a high of EUR 1,233 mil in 2008 and a low of EUR -524 mil in 2013. The result implies a return o...

MAN's Cash & Cash Equivalents fell 61.2% yoy to EUR 1,290 mil in 2019

By Helgi Analytics - September 30, 2020

MAN SE's total assets reached EUR 18,846 mil at the end of 2019, down 4.58% compared to the previous year. Current assets amounted to EUR 5,565 mil, or 29.5% of total assets while cash stood at EUR 1,290 mil at the end of 2019. ...

More News

The MAN Group is one of Europe's leading commercial vehicle, engine and mechanical engineering companies, generating annual revenue of around EUR 15.8 billion and employing a workforce of approx. 54,300 worldwide. MAN is a supplier of trucks, buses, diesel engines, turbomachinery and turnkey power plants, with all corporate divisions holding leading market positions. The Company is divided into four main divisions: Commercial Vehicles business area consists of the division MAN Truck & Bus as well as MAN Latin America; and Power Engineering business area includes MAN Diesel & Turbo as well as Renk division. The Company runs production sites worldwide and has operations in 150 countries

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Finance

MAN SE has been growing its sales by -2.38% a year on average in the last 5 years. EBITDA has grown on average by 3.6% a year during that time to total of EUR 1,363 mil in 2019, or 10.8% of sales. That’s compared to 9.57% average margin seen in last five years.

The company netted EUR 712 mil in 2019 implying ROE of 12.1% and ROCE of 4.69%. Again, the average figures were 6.20% and 2.34%, respectively when looking at the previous 5 years.

MAN SE’s net debt amounted to EUR 5,542 mil at the end of 2019, or 91.6% of equity. When compared to EBITDA, net debt was 4.07x, up when compared to average of 3.97x seen in the last 5 years.

Valuation

MAN SE stock traded at EUR 43.2 per share at the end of 2019 resulting in a market capitalization of USD 7,133 mil. Over the previous five years, stock price fell by 42.5% or -10.5% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 8.64x and price to earnings (PE) of 8.93x as of 2019.

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