Manitou BF (MTU) AI Stock Analysis

• Market Cap: €724.81M
• Dividend Yield: 6.54%
• Average Volume (3M): 11.85K
• Price to Earnings (P/E): 10.0
• Beta (1Y): 1.81
• Revenue Growth: -12.27%
• EPS Growth: -55.24%
• Country: FR
• Employees: 5,816
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.85
• Shares Outstanding: 39,668,400
• 10 Day Avg. Volume: 12,600
• 30 Day Avg. Volume: 11,851
• PEG Ratio: -0.35
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 4.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €18.00
• Price Target Upside: -4.15% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: €20.50 ▲(9.16% Upside)

Manitou BF's overall stock score is driven by its strong valuation, with an attractive P/E ratio and high dividend yield. While financial performance shows robust growth, cash flow management needs improvement. Technical analysis indicates weak momentum, which is a concern.

Positive Factors

Revenue Growth

The robust revenue growth rate of 21.5% from 2022 to 2023 indicates strong sales performance and market demand, supporting long-term business expansion.

Cash Flow Improvement

Improved cash flow enhances financial flexibility, allowing for reinvestment in growth opportunities and reducing reliance on external financing.

Balance Sheet Health

A stable balance sheet with moderate leverage and a solid equity ratio provides financial stability and supports sustainable growth.

Negative Factors

Revenue Decline

A decline in revenue growth suggests potential challenges in maintaining market share or demand, which could impact future profitability.

Earnings Pressure

Significant decline in EPS growth indicates pressure on profitability, which may affect investor confidence and limit reinvestment capacity.

Operational Efficiency

Moderate operational efficiency as indicated by the EBIT margin may limit the company's ability to improve profitability and compete effectively.

Manitou BF Business Overview & Revenue Model

Company Description

Manitou BF SA designs, develops, manufactures, and provides equipment and services for the construction, agriculture, and industry sectors worldwide. It operates in three segments: Material Handling and Access, Compact Equipment Products, and Services & Solutions. The company offers machines, such as construction, agricultural, rotating, and rough-terrain fixed telehandlers; articulated, compact, backhoe, and skid and track loaders; mobile elevated work platforms; warehousing equipment; forklift trucks; and truck mounted, rough-terrain, and semi-industrial and industrial forklifts. It also offers attachments comprising buckets, clamps, fork handling solutions, forks and grapples, jibs, aerial work platforms, skips, sweepers and cleaners, winches, and mining accessories. In addition, the company provides financing, extended warranty, maintenance agreement, spare parts, connected solutions, diagnostic toolbox pad, and training services. It serves the agriculture, construction, industry, aeronautics, defense, environment, renters, mining, and oil and gas sectors. The company offers its products through a network of dealers under the Manitou, Gehl, and Mustang by Manitou brands. Manitou BF SA was incorporated in 1954 and is headquartered in Ancenis, France.

How the Company Makes Money

Manitou BF generates revenue primarily through the sale of its machinery and equipment, which includes telehandlers, forklifts, and aerial platforms. The company's revenue model is bolstered by a strong after-sales service segment, which includes maintenance, spare parts, and support services that ensure customer satisfaction and product longevity. Key revenue streams also include leasing and rental services, allowing customers flexible financing options. Additionally, Manitou BF has established significant partnerships with distributors and dealers globally, enhancing its market reach and driving sales. Factors contributing to its earnings include a focus on innovation, responding to market demands for eco-friendly and efficient solutions, and expanding its presence in emerging markets.

Manitou BF Financial Statement Overview

Summary

Manitou BF demonstrates strong revenue growth and profit margins, supported by a stable balance sheet with manageable leverage. However, cash flow management remains an area for improvement, with liquidity showing positive trends but still requiring attention.

Income Statement

Manitou BF's income statement shows a strong gross profit margin of 18.2% and an improving net profit margin of 4.6% in 2023. The company demonstrated a noticeable revenue growth rate of 21.5% from 2022 to 2023, indicating robust sales growth. However, the EBIT margin of 7.4% suggests moderate operational efficiency. The EBITDA margin is solid at 9.4%, reflecting good earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.53 in 2023, indicating moderate leverage. The return on equity (ROE) of 16% suggests efficient use of equity to generate profits. The equity ratio of 41.3% demonstrates a solid proportion of equity financing, which provides stability.

Cash Flow

Manitou BF's cash flow analysis reveals challenges with free cash flow, which was negative in 2022 but turned positive at €137 million in 2023, signaling improved liquidity. The operating cash flow to net income ratio was 1.74, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio was weaker at 0.95, suggesting some cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.89B	2.66B	2.87B	2.36B	1.87B	1.59B
Gross Profit	334.00M	500.11M	487.67M	303.03M	308.65M	239.40M
EBITDA	131.58M	239.30M	270.14M	142.86M	175.70M	124.18M
Net Income	56.48M	121.88M	143.39M	54.73M	86.76M	39.58M
Balance Sheet
Total Assets	1.99B	2.09B	2.17B	1.76B	1.51B	1.27B
Cash, Cash Equivalents and Short-Term Investments	53.72M	42.60M	62.17M	67.95M	196.82M	122.59M
Total Debt	390.92M	446.84M	474.95M	302.36M	199.85M	179.38M
Total Liabilities	1.06B	1.12B	1.27B	971.57M	754.28M	599.51M
Stockholders Equity	935.32M	975.64M	894.75M	790.82M	750.24M	663.17M
Cash Flow
Free Cash Flow	77.37M	137.06M	-157.66M	-198.00M	78.13M	171.47M
Operating Cash Flow	174.48M	250.00M	-52.63M	-104.47M	129.99M	221.55M
Investing Cash Flow	-120.69M	-136.21M	-94.91M	-96.21M	-44.61M	-50.27M
Financing Cash Flow	-142.32M	-57.68M	120.31M	22.96M	-16.78M	-45.98M

Manitou BF Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MTU, the sentiment is Negative. The current price of 18.78 is below the 20-day moving average (MA) of 19.24, above the 50-day MA of 18.57, and below the 200-day MA of 19.08, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 47.69 is Neutral, neither overbought nor oversold. The STOCH value of 34.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:MTU.

Manitou BF Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALPM	73 Outperform	€148.68M	13.49	11.66%	2.03%	3.35%	242.49%
MTU	69 Neutral	€724.81M	9.96	7.79%	6.54%	-12.27%	-55.24%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ALNSC	61 Neutral	€33.45M	3.55	―	1.69%	1.45%	91.07%
ALGEV	58 Neutral	€129.36M	390.55	0.16%	2.78%	2.81%	-96.96%