Manchester United Ltd. MANU

20.40 (0.54) (2.58%) as of 25 Sep
Market cap
$3.6B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 77.86%

Capital & Financial Ratios

Market Cap 3,610.00
Revenue 917.43
Net Income (30.36)
Free Cash Flow (97.87)
Net Debt 932.02
Current Ratio 0.37
Debt/Equity 4.20
P/E ratio 0.00
P/S ratio 3.83
P/B ratio 14.55
Past 5Y EPS Growth 7.26%
This Y EPS Growth 196.90%
Next Y EPS Growth 50.00%
Next 5Y EPS Growth 52.93%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate 0.18
Annual Dividend Yield 0.53%
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 0.09
0.09
2021 0.18
0.09
0.09
2020 0.18
0.09
0.09
2019 0.18
0.09
0.09
2018 0.18
0.09
0.09
2017 0.18
0.09
0.09
2016 0.23
0.05
0.05
0.05
0.09
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 92 93 111 82
Receivables 56 50 191 137
Inventory 4 4 17 18
Other 62 53 26 104
233 223 368 367
2023 2024 2025 Q'26
Payables 285 314 465 419
ST’ Debt 128 45 214 354
Other 17 13 25 22
635 623 971 989
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 3.31% 6.09% 3.57%
Cash Flow (8.42%) 0.00% (9.82%)
Earnings 0.00% 0.00% 0.00%
Book Value (10.42%) (10.75%) 13.89%

Revenue

Sep Dec Mar Jun Year
’26 189 253 255 — —
’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
’20 167 217 158 99 642
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Sep Dec Mar Jun Year
’26 (2) (15) 37 — —
’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
’20 (18) (20) 34 (1) (5)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Sep Dec Mar Jun Year
’26 (159) (63) 62 — —
’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
’20 (217) (51) 2 (7) (273)
in millions of $ · fiscal quarters ending in the months shown

EPS

Sep Dec Mar Jun Year
’26 (0.05) 0.03 (0.09) — —
’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)
’20 0.01 0.27 (0.18) (0.28) (0.18)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
13.30 14.30 16.91 15.30 12.06 13.75 10.41 17.02 13.50 12.05

Analyst estimates 2026–2028

Powerpack
Low Price
17.83 22.15 27.70 21.92 20.48 20.86 23.60 27.34 22.00 19.65
High Price
799 865 922 940 992 983 1,035 1,112 1,140 932
Employees
1 1 1 1 1 1 1 1 1 1
Revenue/Emp
768 737 795 812 642 665 776 781 833 863
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
73 72 35 36 (26) (32) (199) (39) (165) (51)
EBT
9.48% 9.73% 4.42% 4.38% (4.09%) (4.86%) (25.66%) (5.02%) (19.75%) (5.95%)
EBT Margin
73 72 35 36 (26) (32) (199) (39) (165) (51)
Net Income
161 157 176 149 155 178 191 225 260 276
Depreciation
4.68 4.49 4.84 4.93 3.91 4.08 4.76 4.79 5.04 5.05
Revenue/Sh
0.33 0.30 (0.31) 0.15 (0.18) (0.76) (0.94) (0.21) (0.86) (0.25)
Earnings/Sh
1.69 1.76 0.78 1.93 (0.03) 0.93 0.79 0.71 0.65 0.55
Cash Flow/Sh
(0.95) (1.16) (0.99) (1.17) (1.63) (0.81) (0.76) (1.04) (1.30) (2.08)
Capex/Sh
0.74 0.60 (0.21) 0.75 (1.66) 0.12 0.02 (0.33) (0.65) (1.53)
Free CF/Sh
4.17 3.69 3.49 3.27 2.70 2.25 1.04 0.77 1.10 1.47
Book Value/Sh
164 164 164 165 164 163 163 163 165 171
Shares
48.27 54.17 0.00 121.40 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
3.40 3.62 4.26 3.69 4.05 3.72 2.33 5.09 3.24 3.53
PS Ratio
3.82 4.40 5.90 5.58 5.87 6.75 10.68 31.75 14.79 12.14
PB Ratio
3.91 3.98 4.69 4.02 4.98 4.57 3.22 5.92 3.95 4.36
EV/Sales
11.12 29.93 (106.26) 26.27 (11.71) 154.18 638.31 (86.45) (30.58) (14.37)
EV/FCF
277 289 128 317 (5) 152 128 115 108 94
Op' Cash Flow
(156) (191) (163) (193) (268) (132) (124) (169) (216) (355)
Capex
121 98 (35) 124 (273) 20 4 (53) (108) (261)
FCF
(55) (20) (69) (52) (219) (230) (343) (401) (400) (604)
Working Cap'
730 638 668 662 663 714 847 739 688 824
Total Debt
389 270 342 263 598 565 685 647 596 713
Net Debt
683 606 573 537 443 367 170 125 182 251
Sh' Equity
2.57% 2.42% (2.49%) 1.22% (1.59%) (7.21%) (9.00%) (2.09%) (8.69%) (2.24%)
ROA
5.98% 7.31% 4.06% 5.05% 0.40% (3.33%) (8.50%) (1.09%) (7.01%) (1.55%)
ROIC
7.55% 7.71% (8.52%) 4.40% (5.98%) (30.66%) (57.32%) (23.43%) (92.63%) (19.73%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Jun 2025 · latest quarter Mar 2026

Manchester United Ltd. (MANU) key facts

  • Manchester United Ltd. (MANU) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
  • Manchester United Ltd.’s revenue for fiscal 2025 (year ended June 2025) was $862.5 million, up 3.49% from fiscal 2024.
  • Manchester United Ltd. reported a net loss of $51.3 million, or a loss of $0.25 per share, for fiscal 2025.
  • As of September 25, 2026, MANU traded at $20.40, a market capitalization of $3.6 billion.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 3.8× sales.
  • Manchester United Ltd. pays an annual dividend of $0.18 per share, a yield of 0.53%.
  • Return on equity was −19.7% and debt-to-equity 4.20.

Source: company filings (standardised) and stockrow calculations.

Manchester United Ltd. (MANU) Latest News

News by impact score

Fine-tune

23 Sep

4

Manchester United Plc reported record fiscal 2026 revenue of £677.6 million and adjusted EBITDA of £216.4 million, ahead of Jefferies’ £665m/£210m estimates, and swung to an operating profit of £22.6 million from £18.4 million loss a year earlier despite no Champions League football. Q4 revenue was £157.5 million and adjusted EBITDA £28.9 million, both down from a year ago due to match phasing and a post-season tour. Broadcasting rose 28.4% to £49.7 million with a third-place finish, while sponsorship fell 26.2% in the quarter and 14.8% for the year after Tezos rolled off; SumUp and Betway have since replaced both. Full-year costs fell 4.3% to £701.9 million; employee expenses were £302.0 million (44.6% of revenue). Adjusted EBITDA margin widened to 31.9%. 2027 guidance: revenue £740–760 million and EBITDA £205–225 million, assuming Champions League participation; long-term value supported by cost discipline, new partnerships, and secured stadium land. Champions League qualification and new sponsorships could unlock higher revenue growth and improve long-term profitability.

4

Manchester United plc reported fiscal 2026 revenue of £677.6m, up from £666.5m, despite no UEFA competition; operating profit £22.6m vs a £18.4m loss prior year; adjusted EBITDA £216.4m, up £33.6m (18.4%); 4Q revenue £157.5m and adjusted EBITDA £28.9m, down from the prior-year quarter due to timing of Premier League matches and absence of European fixtures. The loss for the year was £43.0m. The Men’s team finished 2025/26 third in the Premier League and will play in the Champions League in 2026/27; the Women’s team finished 4th in the Women’s Super League and reached the quarter-finals of the Women’s Champions League. A new 100,000-seat stadium site was secured; Betway became Training Kit partner and SumUp Sleeve partner. New signings for both squads, a pre-season tour, and Eva Olid becoming Women’s Head Coach. 2027 guidance: revenue £740m–£760m; adjusted EBITDA £205m–£225m. New stadium development, major sponsorships, signings, and return to the Champions League imply meaningful medium-term revenue and profitability boosts.

3

Manchester United Ltd. (MANU) reported a year-over-year decline in fourth-quarter revenue. The drop was linked to a phase-related factor, with details not disclosed in the available material. The club still projects stronger topline growth in fiscal 2027. Near-term revenue weakness is offset by an anticipated stronger topline in fiscal 2027.

3

Manchester United reported fiscal 2026 results with record revenue of £677.6m (£899m) and an operating profit of £22.6m, but a net loss of £43m. The year was hurt by missing UEFA competition; the men's team finished third in the Premier League and earned a return to the Champions League for 2026/27, while the women's team placed 4th in the WSL and reached the quarterfinals of the Women's CL. For fiscal 2027, guidance calls for revenue of £740m-£760m (up to 12%) and adjusted EBITDA of £205m-£225m, but offering no net earnings guidance. Shares fell about 3% in early trading. The message to investors: higher revenue does not guarantee profit growth, and caution is advised about buying MANU stock for profits. Revenue growth and a return to the Champions League indicate upside, but the net loss and lack of net-earnings guidance keep profitability prospects uncertain.

6 Sep

3

Manchester United Ltd. stock draws renewed investor attention amid speculation over ownership changes and performance updates. Speculation on ownership and performance can moderately shift market sentiment without fundamentally altering long-term trajectory.

18 Aug

3

Manchester United Ltd. (MANU) investors should note August 21 for key upcoming developments likely to affect the stock. August 21 marks a date with potential to influence near-term market sentiment for MANU.

14 Aug

3

Liverpool FC sells roughly 30% stake to Jeff Bezos consortium. Bezos consortium stake in Liverpool strengthens a direct Premier League rival to Manchester United in spending power and competition.

30 Jun

3

Manchester United stock rally faces tests beyond Old Trafford. Tests to ongoing stock rally point to moderate influence on future performance.

22 Jun

4

Manchester United secures majority of land for planned stadium in major de-risking step, says Jefferies. Stadium land acquisition advances major infrastructure project critical to future operations and revenue.

4

Manchester United secures land for new 100,000-seat stadium. Securing land for a new 100,000-seat stadium marks a major infrastructure step that could drive substantial future revenue and fan growth.

4 Jun

4

Debate over Glazer family sale of Manchester United lifts MANU shares 7.4%. Ownership sale talks signal major strategic shift likely to reshape MANU trajectory.

3

Glazer family fractures emerge as Manchester United posts record financial results. Glazer ownership disputes create governance uncertainty that could affect strategy despite strong finances.

3 Jun

4

Some Glazer family members are weighing the sale of their Manchester United stake. Potential Glazer stake sale introduces major ownership uncertainty that can shift club strategy and investor sentiment.

1 Jun

3

Manchester United reports mixed Q3 results with ongoing net losses, triggering a valuation reassessment for MANU. Mixed Q3 results and persistent net losses may pressure near-term investor sentiment and valuation.

27 May

4

Manchester United shares rose after the club beat earnings expectations and raised its financial outlook. Earnings beat plus upgraded outlook directly lifted the share price and signals stronger future results.

3

Manchester United Plc released third quarter fiscal 2026 financial results. Quarterly earnings directly affect near-term investor views and MANU share price.

27 Apr

4

Enhanced Group, sports-media and wellness platform, positioned for rapid scaling and margin inflection per initiation report. Initiation report forecasts rapid scaling and margin inflection, signaling major positive shift in trajectory and investor sentiment.

7 Apr

4

Analysts tip Manchester United Ltd. (MANU) shares for upside potential if the club secures Champions League qualification, highlighting revenue boosts from TV rights, prize money, and increased commercial appeal. Champions League qualification delivers major revenue from broadcasting, prizes, and sponsorships, significantly enhancing financials and stock performance.

28 Feb

4

Manchester United implements managerial shakeup and cost cuts to reset investment focus. Managerial shakeup and cost cuts signal major strategic shifts that could significantly boost financial health and competitive positioning.

3

Manchester United Ltd. (MANU) sustains profitability via aggressive cost reductions despite declining revenues, prompting reevaluation of its investment merits. Cost-driven profits amid revenue weakness moderately affect financial performance and investor perceptions without fundamentally shifting long-term trajectory.

26 Feb

3

Manchester United's latest financial results show Sir Jim Ratcliffe's cost-cutting plan delivering partial success, with reduced losses and commercial revenue growth despite ongoing challenges in matchday and broadcasting income. Partial validation of Ratcliffe's cost-cutting yields moderate financial improvements but faces offsets from revenue weaknesses.

25 Feb

4

Manchester United Ltd. released Fiscal Q2 earnings snapshot detailing quarterly financial performance. Quarterly earnings snapshots directly affect financial performance metrics and investor sentiment toward future stock trajectory.

4

Manchester United Plc reported second quarter fiscal 2026 results, detailing revenue, profitability, and operational updates for the period. Quarterly earnings results reveal financial performance that significantly affects stock price, investor confidence, and future projections.

23 Feb

3

Speculation intensifies over Marcus Rashford's potential transfer to Barcelona, prompting a reassessment of Manchester United Ltd. (MANU)'s valuation amid ongoing rumors. Rashford transfer speculation could moderately impact squad competitiveness, player trading revenue, and investor sentiment on MANU's future performance.

14 Dec

3

Manchester United Ltd. (MANU) is facing a reassessment of its valuation as its share price has weakened in recent months. Analysts are evaluating the implications of this decline on the club's financial health and future prospects, considering factors such as performance on the field, management decisions, and market sentiment. The weakening share price raises concerns about the club's ability to attract investment and maintain competitiveness in the football industry. The decline in share price may moderately influence Manchester United's financial performance and market sentiment, but other factors could balance the overall effect.

3

Manchester United Ltd. has experienced a decline in share prices amid ongoing ownership speculation, prompting discussions about potential value opportunities for investors by 2025. Analysts suggest that the current market conditions may present a favorable entry point for long-term investors, despite uncertainties surrounding ownership and management decisions. Ownership speculation and share price decline may moderately influence investor sentiment and financial performance.

11 Dec

3

Manchester United Ltd. reported its fiscal Q1 earnings, highlighting key financial metrics and performance indicators. The club's revenue showed growth, driven by increased matchday income and commercial activities. However, challenges remain, including player performance and competition in the league. The management provided insights into future strategies aimed at enhancing profitability and fan engagement. Overall, the earnings report reflects a mixed outlook for the club's financial health and market position. The earnings report indicates moderate growth and challenges that could influence financial performance and market sentiment.

3

Manchester United PLC reported its first quarter fiscal 2026 results, highlighting key financial metrics and performance indicators. The club experienced fluctuations in revenue and expenses, reflecting ongoing challenges and opportunities in the sports industry. Management provided insights into strategic initiatives aimed at enhancing performance and fan engagement, while also addressing market conditions and competitive dynamics. Overall, the results indicate a mixed performance with areas of growth and concern. Financial performance showed both growth and challenges, indicating a moderate influence on future operations.

5 Nov

3

JPMorgan's wealthy clients are increasingly interested in acquiring sports teams, including Manchester United Ltd. (MANU), rather than investing in fine art. This trend reflects a growing preference for tangible assets that can provide both enjoyment and potential financial returns. The shift in investment focus highlights the changing landscape of luxury assets and the appeal of sports franchises as lucrative investments. Increased interest from high-net-worth individuals in sports teams could enhance Manchester United's market position and financial performance.

24 Oct

3

Ariel Fund has provided updates on Manchester United Plc (MANU), highlighting recent developments and performance metrics. The fund's insights focus on the club's financial health, strategic initiatives, and market positioning. Investors are encouraged to consider these updates when evaluating Manchester United's future prospects. Updates from significant investors can moderately influence market sentiment and financial performance.

stockrow.com/MANU · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com