# Manchester United Ltd. Class A (MANU) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $20.90, market value $3.6 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Manchester United Ltd. Class A reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 1.96**. A PEG of 1.96 is in the range usually read as fairly priced for its growth.
- **Price / sales: 3.9×**. Each dollar of revenue is priced at 3.9×.
- **Price / book: 14.8×**. The shares trade at 14.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 11.0×**. Enterprise value is 11.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -8.0%** (5-yr avg 2.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -2.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -5.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -17.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -2.3%**. Return on all capital, debt included, is -2.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.1%**. Each dollar of assets produces -1.1% of profit.

## Growth
- **Revenue growth (1 yr): 0.7%** (3-yr 4.6%/yr, 5-yr 5.5%/yr). Revenue grew 0.7% over the last year, against 5.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 71.8%**. Earnings per share rose 71.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -31.8%/yr**. Free cash flow has compounded at -31.8% a year over three years.

## Financial health
- **Debt to equity: 2.44**. Debt is 2.44 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -0.2×**. Operating profit covers interest only -0.2×: fragile.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Manchester United Ltd. Class A does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (2 analysts). 2 analysts cover Manchester United Ltd. Class A; the consensus is buy, with an average price target of $23.48 (+12% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 30.1%** (YTD 31.3%, 3-mo -4.8%). The shares are up 30.1% over twelve months including dividends.
- **From 52-week high: -14.5%** (43.2% above the low). Trading 15% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 0.71** (volatility 36%). Beta of 0.71 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MANU · Page: https://foliofundamentals.com/stocks/manu

Not investment advice.