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Manchester United Ltd.

MANU Communication Services Entertainment

Manchester United Ltd.’s revenue for fiscal 2026 (year ended June 2026) was $909.3 million, up 5.42% from fiscal 2025.

Revenue
−3.71%
EPS
−633.3%
Free cash flow
+47.3%
Total debt
+12.1%

Quarter to June 2026, against a year earlier

22.41 0.45 −1.97%
Market cap
$3.9B
P/E
0.0×
Fwd P/E
−92.5×
Dividend yield
—
F-score
2/9
Altman Z
1.06
Beneish M
−3.49
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 77.84%

Capital & Financial Ratios $m

Size
Market Cap 3,850.00
Revenue ttm 909.27
Net income ttm (63.04)
Free cash flow ttm (68.24)
Net debt Q 834.21
Valuation
P/E 0.00
Forward P/E (92.50) (negative: loss-making)
Price / sales 4.25
Forward P/S Powerpack
Price / FCF 0.00
Price / book 19.15 (above 6: high)
Financial health
Current ratio Q 0.33 (below 1: weak)
Debt / equity Q 4.58 (above 2: weak)
Interest coverage Q (0.87)
Growth
Revenue growth Q −3.71% (below 0%: shrinking)
Operating income growth Q −2.35% (below 0%: shrinking)
EPS, this year +2.34%
EPS, next year A +41.66% (at or above 15%: strong)
Revenue, next year A +11.00% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −29.83% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.2×, against a ten-year median of 4.5×; over the ten years it ranged from 3.2× in 2022 to 7.2× in 2023.
P/S against its own 10 years 82.98%
10-year low 10-year high
P/B against its own 10 years 86.91%
10-year low 10-year high
EV/Sales against its own 10 years 87.02%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2017–25
−100.0%/yr
  1. 0.18 ’17
  2. 0.18 ’18 +0
  3. 0.18 ’19 +0
  4. 0.18 ’20 +0
  5. 0.18 ’21 +0
  6. 0.09 ’22 −50
  7. 0.00 ’23 −100
  8. 0.00 ’24
  9. 0.00 ’25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 92 93 111 90
Receivables 56 50 191 121
Inventory 4 4 17 16
Other 62 53 26 36
233 223 368 289
2023 2024 2025 2026
Payables 285 314 465 426
ST’ Debt 128 45 214 149
Other 17 13 25 23
635 623 971 883

Compound Annual Growth %

10y 5y 3y
Sales 1.71% 6.46% 5.20%
Cash Flow (1.44%) 9.52% 27.62%
Earnings 0.00% 0.00% 0.00%
Book Value (11.48%) (11.27%) 17.23%

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate −0.09 Actual −0.04

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 −0.29 0.00 Beat by 0.29
Dec 2024 −0.07 −0.05 Beat by 0.02
Mar 2025 −0.33 −0.04 Beat by 0.29
Jun 2025 −0.09 −0.04 Beat by 0.05

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 (0.05) 0.03 (0.09) (0.22) (0.33)
’25 0.01 (0.21) (0.02) (0.03) (0.25)
’24 (0.20) 0.15 (0.55) (0.27) (0.86)
’23 (0.19) 0.04 (0.04) (0.02) (0.21)
’22 (0.13) (0.01) (0.23) (0.55) (0.94)
’21 (0.24) 0.52 (0.15) (0.92) (0.76)
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 189 253 255 212 909
’25 186 254 202 220 863
’24 199 280 173 181 833
’23 169 197 207 209 781
’22 174 250 205 147 776
’21 141 228 163 133 665
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 (2) (15) 37 220 240
’25 17 (81) 29 129 94
’24 27 (58) (20) 159 108
’23 (7) (72) 63 132 115
’22 88 (44) 31 54 128
’21 80 0 41 30 152
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 (159) (63) 62 92 (68)
’25 (152) (144) (28) 63 (261)
’24 (119) (94) (48) 153 (108)
’23 (116) (108) 44 127 (53)
’22 (2) (68) 26 47 4
’21 11 (49) 22 35 20
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 737 795 812 642 665 776 781 833 863 909 +2.4% 1,009 1,072 1,079 +5.9%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 72 35 36 (26) (32) (199) (39) (165) (51) (63) n/m
EBT margin, % 9.73 4.42 4.38 (4.09) (4.86) (25.66) (5.02) (19.75) (5.95) (6.93) (16.7) pt
Net income 72 35 36 (26) (32) (199) (39) (165) (51) (63) n/m
Per share, $
Per share, $ Revenue 4.49 4.84 4.93 3.91 4.08 4.76 4.79 5.04 5.05 5.27 +1.8%
Earnings 0.30 (0.31) 0.15 (0.18) (0.76) (0.94) (0.21) (0.86) (0.25) (0.33) n/m
Cash flow 1.76 0.78 1.93 (0.03) 0.93 0.79 0.71 0.65 0.55 1.39 (2.6%)
Capex (1.16) (0.99) (1.17) (1.63) (0.81) (0.76) (1.04) (1.30) (2.08) (1.79) +4.9%
Free cash flow 0.60 (0.21) 0.75 (1.66) 0.12 0.02 (0.33) (0.65) (1.53) (0.40) n/m
Book value 3.69 3.49 3.27 2.70 2.25 1.04 0.77 1.10 1.47 1.17 (12.0%)
Shares, m 164 164 165 164 163 163 163 165 171 172 +0.6%
Valuation, ×
Valuation, × P/E 54.17 0.00 121.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.6
P/S 3.62 4.26 3.69 4.05 3.72 2.33 5.09 3.24 3.53 4.35 3.8
P/B 4.40 5.90 5.58 5.87 6.75 10.68 31.75 14.79 12.14 19.60 11.7
EV/Sales 3.98 4.69 4.02 4.98 4.57 3.22 5.92 3.95 4.36 5.27 4.5
EV/FCF 29.93 (106.26) 26.27 (11.71) 154.18 638.31 (86.45) (30.58) (14.37) (70.16) 52.9
Cash, $m
Cash, $m Operating cash flow 289 128 317 (5) 152 128 115 108 94 240 (2.0%)
Capex (191) (163) (193) (268) (132) (124) (169) (216) (355) (308) +5.5%
Free cash flow 98 (35) 124 (273) 20 4 (53) (108) (261) (68) n/m
Balance, $m
Balance, $m Working capital (20) (69) (52) (219) (230) (343) (401) (400) (604) (594) +46.1%
Net debt 270 342 263 598 565 685 647 596 713 834 +13.3%
Shareholders’ equity 606 573 537 443 367 170 125 182 251 202 (11.5%)
Returns, %
Returns, % ROA 2.42 (2.49) 1.22 (1.59) (7.21) (9.00) (2.09) (8.69) (2.24) (2.75) (5.2) pt
ROIC 7.31 4.06 5.05 0.40 (3.33) (8.50) (1.09) (7.01) (1.55) 1.83 (5.5) pt
ROE 7.71 (8.52) 4.40 (5.98) (30.66) (57.32) (23.43) (92.63) (19.73) (25.48) (33.2) pt
People
People Employees 865 922 940 992 983 1,035 1,112 1,140 932 808 (0.8%)
Revenue/emp, $m 0.85 0.86 0.86 0.65 0.68 0.75 0.70 0.73 0.93 1.13 +3.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 6 Oct 2026

Manchester United Ltd. vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CNK Cinemark Holdings Inc $4.6B 15.9× 14.8× +23.51% (above 0%: growing) +151.81% (above 0%: growing) +80.31% (above 0%: growing) 41.30% 19.51% Compare
VSNT Versant Media Group, Inc. $4.6B 7.8× 7.5× −4.15% (below 0%: shrinking) −83.80% (below 0%: shrinking) −19.47% (below 0%: shrinking) 44.86% 6.90% Compare
SPHR Sphere Entertainment Co. $4.0B — (loss-making) — (loss-making) +4.48% (above 0%: growing) n/m −48.68% (below 0%: shrinking) 0.00% (87.72%) Compare
MANU Manchester United Ltd. $3.9B — (loss-making) — (loss-making) −3.71% (below 0%: shrinking) n/m +47.29% (above 0%: growing) 100.00% (9.47%)
LION Lionsgate Studios Corp. $3.7B — (loss-making) 5.7× +47.67% (above 0%: growing) n/m +248.41% (above 0%: growing) 100.00% 3.30% Compare
MSGE Madison Square Garden Entertainment Corp. $3.6B 54.2× 33.4× +27.37% (above 0%: growing) n/m +33.34% (above 0%: growing) 38.63% (4.40%) Compare
BATRK Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — (loss-making) +8.59% (above 0%: growing) n/m −417.66% (below 0%: shrinking) 18.43% 0.00% Compare
BATRA Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — +4.20% (above 0%: growing) −68.75% (below 0%: shrinking) +33.76% (above 0%: growing) 0.00% 2.67% Compare
AMC AMC Entertainment Holdings, Inc. $2.8B — (loss-making) — (loss-making) +31.60% (above 0%: growing) n/m +319.93% (above 0%: growing) 0.00% 14.53% Compare
Median of peers $3.7B 15.9× 11.2× +16.05% −68.75% +33.55% 28.53% 2.99%

All 48 Entertainment stocks →

Manchester United Ltd. (MANU) Latest News

4 Oct

Impact 3 · · Simply Wall St.

23 Sep

Impact 4 · · Proactive Investors
Impact 4 · · Business Wire
Impact 3 · · MT Newswires
Impact 3 · · The Motley Fool

6 Sep

Impact 3 ·

18 Aug

Impact 3 · · Barchart

14 Aug

Impact 3 ·

30 Jun

Impact 3 · · MarketBeat

22 Jun

Impact 4 · · Proactive Investors
Impact 4 · · Business Wire

4 Jun

Impact 4 · · GuruFocus.com
Impact 3 · · Moby

3 Jun

Impact 4 ·

1 Jun

Impact 3 · · Simply Wall St.

27 May

Impact 4 · · InvestorsHub
Impact 3 · · Business Wire

27 Apr

Impact 4 · · Exec Edge

7 Apr

Impact 4 · · Proactive Investors

28 Feb

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

26 Feb

Impact 3 · · 24/7 Wall St.

25 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire

23 Feb

Impact 3 · · Simply Wall St.

14 Dec

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.
Impact 3 · · Simply Wall St.

11 Dec

Impact 3 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceMT NewswiresMT NewswiresAssociated Press FinanceAssociated Press Finance
Impact 3 · · Business Wire

5 Nov

Impact 3 · · Bloomberg

MANU metrics, ten years each

stockrow.com/MANU · Data as of Oct 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com