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Earnings transcript
Read the complete earnings call transcript.
MANU
Manchester United plc
$17.22
0.23
(1.35%)
| Exchange: | NYSE |
| Market Cap: | 2.969B |
| Shares Outstanding: | 155.352M |
About The Company
| Sector: | Communication Services | |||||
| Industry: | Entertainment | |||||
| CEO: | Omar Berrada | |||||
| Full Time Employees: | 1140 | |||||
| Address: |
| |||||
| Website: | https://www.manutd.com |
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand. The company also markets and sells sports apparel, training and leisure wear, and other clothing featuring the Manchester United brand; and sells other licensed products, such as coffee mugs and bed spreads featuring the Manchester United brand and trademarks, as well as distributes these products through Manchester United branded retail centers and e-commerce platforms, and through the company’s partners’ wholesale distribution channels. In addition, it distributes live football content directly, as well as through commercial partners; broadcasts television rights relating to the Premier League, Union of European Football Associations club competitions, and other competitions; and delivers Manchester United programming through MUTV television channel to territories worldwide. Further, the company offers a direct to consumer subscription mobile application; and operates Old Trafford, a sports venue with 74,239 seats, as well as invests in properties. Manchester United plc was founded in 1878 and is based in Manchester, the United Kingdom.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 615,697.130 | 658,151.331 | 628,489.281 |
| Gross Profit | -26,861.217 | -55,223.625 | -24,189.492 |
| EBITDA | 148,896.112 | 148,877.828 | 175,787.541 |
| Operating Income | -27,961.760 | -56,367.363 | -25,150.357 |
| Net Income | -27,231.546 | -112,542.778 | -31,139.032 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,317,944 | 1,344,787 | 1,637,733 |
| Total Liabilities | 1,213,994 | 1,199,897 | 1,444,000 |
| Total Stockholders Equity | 103,950 | 144,890 | 193,733 |
| Total Debt | 622,176 | 555,262 | 645,445 |
| Cash and Cash Equivalents | 76,019 | 73,549 | 86,105 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 95,769 | 85,671 | 72,702 |
| Capital Expenditure | -171,776 | -208,232 | -44,721 |
| Free Cash Flow | -76,007 | -122,561 | 27,981 |
| Net Income | -32,574 | -130,724 | -33,023 |
| Net Change in Cash | -45,204 | -2,470 | 12,556 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 809,896.446 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 832,556.080 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 821,086.059 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 315,513.695 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 324,341.274 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 319,872.865 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 22,184.351 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 78,211.403 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 54,919.684 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,633.642 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,679.349 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,656.213 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.290 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.450 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.130 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: Manchester United reported robust total revenues for fiscal year 2022, as highlighted in the Q4 earnings call transcript, driven by matchday, broadcasting, and commercial activities. This reflects the company’s solid brand value and diversified income streams within the sports entertainment sector.
- Global Brand Recognition: As a leading football club, Manchester United benefits from a vast global fan base, which supports consistent revenue from merchandise, sponsorships, and media rights, as evidenced by revenue breakdowns in product and geographic segments.
- Operational Focus on Fan Engagement: The earnings call emphasized initiatives to enhance fan engagement, which could translate into sustained or increased revenue from matchday and digital platforms, strengthening long-term customer loyalty.
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At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MANU valuation
Is Manchester United plc (MANU) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Manchester United plc (MANU) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MANU a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MANU trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MANU’s P/E ratio?
You can see MANU’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MANU?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MANU a good long-term investment?
Whether MANU fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MANU
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Daily snapshot
1.35
Trading Metrics:
| Open: | 16.75 | Previous Close: | 16.99 | |
| Day Low: | 16.69 | Day High: | 17.22 | |
| Year Low: | 12.05 | Year High: | 19.65 | |
| Price Avg 50: | 17.19 | Price Avg 200: | 16.78 | |
| Volume: | 204175 | Average Volume: | 352277 |
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Login — it's freeMANU full analysis
Welcome to MARKETSNAP’s SWOT analysis for Manchester United! If you’re a long-term investor looking to dive into a unique blend of sports and business, you’re in the right place. We’re breaking down one of the most iconic football clubs in the world, listed on the stock market as MANU, to see if it’s a winning play for your portfolio. Let’s get straight into it with a quick overview of who they are, some recent buzz, and then a deep dive…
