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17.89 (1y: +28%)
Market Cap 2.92 B P/E(ttm) 77.70
Enterprise Value 3.43 B P/B
MANU- NYSE (USA)
Manchester United PLC
Not Rated
Top Ranked Predictable Companies
$17.89
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

vs
industry		 vs
history
Cash to Debt No Debt
MANU's Cash to Debt is ranked lower than
129% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 1.78 vs. MANU: No Debt )
MANU' s 10-Year Cash to Debt Range
Min: 0.16   Max: No Debt
Current: No Debt
Interest Coverage 1.1
MANU's Interest Coverage is ranked lower than
131% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 33.40 vs. MANU: 1.1 )
MANU' s 10-Year Interest Coverage Range
Min: 1   Max: 2
Current: 1.1
1
2
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

vs
industry		 vs
history
Operating margin (%) 13.40
MANU's Operating margin (%) is ranked lower than
145% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 8.60 vs. MANU: 13.40 )
MANU' s 10-Year Operating margin (%) Range
Min: 13.4   Max: 44.4
Current: 13.4
13.4
44.4
Net-margin (%) 6.8
MANU's Net-margin (%) is ranked lower than
130% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 4.30 vs. MANU: 6.8 )
MANU' s 10-Year Net-margin (%) Range
Min: -16.7   Max: 7.2
Current: 6.8
-16.7
7.2
» MANU's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

MANU Guru Trades in

Q3 2012

MANU Guru Trades in Q3 2012

Steven Cohen 331,087 sh (New)
George Soros 3,542,995 sh (New)
» More
Q4 2012

MANU Guru Trades in Q4 2012

Ron Baron 3,568,882 sh (New)
George Soros 3,397,257 sh (-4.11%)
Steven Cohen 107,300 sh (-67.59%)
» More
Q1 2013

MANU Guru Trades in Q1 2013

Ron Baron 4,136,698 sh (+15.91%)
George Soros 2,968,097 sh (-12.63%)
Steven Cohen 28,588 sh (-73.36%)
» More
» Details

Insider Trades

Latest Guru Trades with MANU

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2012-12-31 New Buy0.32%$12.25 - $14.01 $ 17.8937%3568882
George Soros 2012-09-30 New Buy0.73%$12.18 - $14.2 $ 17.8937%3542995
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Manchester United PLC

Baron Funds Comments on Manchester United - Feb 06, 2013

Manchester United plc (MANU) is an English Premier League professional sports team. The business had three principal segments: Commercial, Broadcasting and Matchday. The team is a global brand, with a proven history of success, having won 12 of the last 20 Premier League Titles. Soccer is now the second most popular sport among the 12-24 age group in the U.S., and Manchester United is amongst the most popular soccer teams globally. Manchester United has over 500 million fans world-wide and is well positioned to benefit from greater broadcast fees and higher sponsorship and merchandising revenue over the next several years. The increase in broadcast, licensing and merchandising related revenues should generate substantially more cash flow and drive greater value to shareholders over the next several years. (Ashim Mehra)

From Baron Funds' fourth quarter letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about Manchester United PLC

Baron Funds Comments on Manchester United
February 6, 2013
Manchester United plc (MANU) is an English Premier League professional sports team. The business had three principal segments: Commercial, Broadcasting and Matchday. The team is a global brand, with a proven history of success, having won 12 of the last 20 Premier League Titles. Soccer is now the second most popular sport among the 12-24 age group in the U.S., and Manchester United is amongst the most popular soccer teams globally. Manchester United has over 500 million fans world-wide and is well positioned to benefit from greater broadcast fees and higher sponsorship and merchandising revenue over the next several years. The increase in broadcast, licensing and merchandising related revenues should generate substantially more cash flow and drive greater value to shareholders over the next several years. (Ashim Mehra) Read more...
George Soros Buys Stake in Manchester United
August 21, 2012
George Soros - George Soros Buys Stake In Manchester United
George Soros bought 3,114,588 shares of Manchester United (MANU), the British soccer team, on August 9 at an average price of $14.15 per share, according to GuruFocus Real Time Picks. That amounts to a 7.85% ownership of the 134-year-old team’s class A shares by the billionaire financier who made his initial fortune shorting the British pound. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 77.70
MANU's P/E(ttm) is ranked higher than
74% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 22.88 vs. MANU: 77.70 )
MANU' s 10-Year P/E(ttm) Range
Min: 0   Max: 396.4
Current: 77.7
0
396.4
P/S 5.34
MANU's P/S is ranked lower than
122% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 1.18 vs. MANU: 5.34 )
MANU' s 10-Year P/S Range
Min: 0.05   Max: 5.3
Current: 5.34
0.05
5.3
EV-to-EBIT 45.5
MANU's EV-to-EBIT is ranked higher than
96% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 17.60 vs. MANU: 45.5 )
MANU' s 10-Year EV-to-EBIT Range
Min: 34.1   Max: 44.7
Current: 45.5
34.1
44.7

Valuation & Return

vs
industry		 vs
history
Earnings Yield (Greenblatt) 2.20
MANU's Earnings Yield (Greenblatt) is ranked lower than
130% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 5.60 vs. MANU: 2.20 )
MANU' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 2.9
Current: 2.2
2.2
2.9

Business Description

Manchester United PLC was incorporated in the Cayman Islands on April 30, 2012. The Company operates as popular and successful sports teams in the world, playing one of the popular spectator sports on Earth. Through its 134-year heritage it has won 60 trophies and a global community of 659 million followers. The Company's large, passionate community provides Manchester United with a worldwide platform to generate revenue from multiple sources, including sponsorship, merchandising, product licensing, new media & mobile, broadcasting and matchday. The Company attracts global companies such as Nike, Aon and DHL that want access and exposure to its community of followers and association with its global brand. The Company reviews its revenue through three main sectors: Commercial, Broadcasting and Matchday. The Company monetizes the value of its global brand and community of followers through marketing and sponsorship relationships with international and regional companies across all geographies. The Company markets and sells competitive sports apparel, training and leisure wear and other clothing featuring the Manchester United brand on a global basis. In addition, it also sells other licensed products, from coffee mugs to bed spreads, featuring the Manchester United brand and trademarks. These products are distributed through Manchester United branded retail centers and e-commerce platforms, as well as its partners' wholesale distribution channels. Due to the power of its brand and the quality of its content, it has formed mobile telecom partnerships in 42 countries. In addition, it market content directly to its followers through its website, www.manutd.com, and associated mobile properties. The Company benefits from the distribution and broadcasting of live football content directly from the revenue it receive and indirectly through increased global exposure for its commercial partners. The Company's Old Trafford is one of the world's iconic sports venues. It currently seats 75,766 and it has averaged over 99% of attendance capacity for its Premier League matches in each of the last 15 years. The key elements of its strategy are: expand its portfolio of global and regional sponsors; further develop its retail, merchandising, apparel & product licensing business; exploit new media & mobile opportunities; and enhance the reach and distribution of its broadcasting rights.
Company Website
Industry: Leisure
Compare:
Traded in other countries:MUF.Germany

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