Man Group plc (EMG) AI Stock Analysis

• Market Cap: £2.94B
• Dividend Yield: 5.71%
• Average Volume (3M): 3.43M
• Price to Earnings (P/E): 21.1
• Beta (1Y): 1.60
• Revenue Growth: -10.85%
• EPS Growth: -42.02%
• Country: UK
• Employees: 1,777
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.07
• Shares Outstanding: 1,151,327,500
• 10 Day Avg. Volume: 2,964,652
• 30 Day Avg. Volume: 3,427,142
• PEG Ratio: 0.35
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 2.17
• P/FCF Ratio: 5.13
• 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: £271.31
• Price Target Upside: 3.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: 296.00p ▲(12.55% Upside)

Man Group plc's overall stock score is driven by strong financial performance and positive technical indicators. The company's strategic initiatives and robust cash flow generation are significant strengths. However, operational efficiency concerns and challenges in certain strategies slightly temper the outlook.

Positive Factors

Record AUM and strong net inflows

Sustained, large net inflows and record AUM materially expand the fee-bearing asset base and create scale benefits. Over 2–6 months this enhances recurring management fee revenue, strengthens client relationships, and improves product distribution and cross-sell potential across institutional mandates.

Robust free cash flow generation

Very strong free cash flow conversion and a high operating cash flow to net income ratio indicate durable cash generation. This supports dividends, buybacks, targeted investments and balance sheet flexibility, reducing refinancing risk and enabling strategic initiatives without relying on external funding.

Diversified product mix and credit expansion

Rapid growth in credit AUM and the Bardin Hill acquisition broaden revenue streams beyond traditional alternatives. A larger credit franchise offers more stable fee profiles, cross-selling opportunities and reduces reliance on any single strategy, strengthening long-term resilience and competitive positioning.

Negative Factors

Trend-following strategy underperformance

Persistent underperformance in systematic trend-following undermines performance fee potential and client confidence in core alternative offerings. Over months this can lead to reallocation of client mandates, higher redemption risk in alternatives and pressure on reported AUM and long-term fee income.

Profitability pressure / EBIT decline

A sharp decline in EBIT and compressed operating profitability signals margin vulnerability. If sustained, reduced operating earnings limit reinvestment, constrain performance fee-funded growth, and weaken the firm's ability to absorb shocks or invest in high-return initiatives over the medium term.

Rising fixed cash costs

Growing fixed expenses erode operating leverage and make margins more sensitive to AUM and fee mix shifts. Higher fixed costs reduce earnings flexibility, increasing break-even AUM needs and making profitability more vulnerable to strategy underperformance or slower inflows over the coming months.

Man Group plc Business Overview & Revenue Model

Company Description

Man Group Plc is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities. The firm distributes its products and solutions directly to institutions and to private investors through a global network of intermediaries. Man Group Plc was founded in 1783 and is based in St. Helier, Jersey with an additional office in London, United Kingdom.

How the Company Makes Money

Man Group generates revenue primarily through management fees and performance fees charged on the assets it manages. The management fees are typically calculated as a percentage of the total assets under management (AUM), providing a steady income stream as long as clients maintain their investments. Performance fees, on the other hand, are contingent on the fund's performance exceeding predetermined benchmarks, thereby incentivizing the firm to achieve superior returns. The company also benefits from its various partnerships and collaborations with other financial institutions and service providers, which can enhance its service offerings and expand its client base. Additionally, its focus on quantitative investing and technology-driven strategies allows for more efficient operations and potentially higher returns, further contributing to its revenue model.

Man Group plc Financial Statement Overview

Summary

Man Group plc demonstrates strong financial health with impressive revenue growth and robust cash flow generation. The balance sheet is stable with reduced leverage, but the decline in EBIT margin raises concerns about operational efficiency.

Income Statement

The company exhibits a strong gross profit margin of 64.2% and a solid net profit margin of 20.8% for 2024. Revenue growth from 2023 to 2024 was impressive at 22.8%. However, the EBIT margin decreased significantly due to a reported EBIT of zero, which is a concern.

Balance Sheet

The debt-to-equity ratio improved from 2023 to 2024, standing at 0.15, indicating reduced leverage. The equity ratio is stable at 36.6%, showcasing a healthy balance sheet. However, ROE decreased slightly to 17.8%, which could impact investor confidence.

Cash Flow

Free cash flow growth was robust at 99.7% from 2023 to 2024, driven by strong operating cash flows. The operating cash flow to net income ratio is excellent at 2.17, indicating efficient cash earnings conversion. Free cash flow to net income ratio is also strong at 2.04.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.30B	1.43B	1.17B	1.73B	1.48B	939.00M
Gross Profit	853.00M	921.00M	762.00M	1.24B	787.00M	609.00M
EBITDA	381.00M	499.00M	377.00M	856.00M	709.00M	304.00M
Net Income	185.00M	298.00M	234.00M	608.00M	487.00M	138.00M
Balance Sheet
Total Assets	4.51B	4.57B	4.38B	3.30B	2.92B	2.61B
Cash, Cash Equivalents and Short-Term Investments	483.00M	225.00M	180.00M	457.00M	323.00M	289.00M
Total Debt	395.00M	248.00M	423.00M	253.00M	250.00M	272.00M
Total Liabilities	3.03B	2.90B	2.77B	1.60B	1.27B	1.11B
Stockholders Equity	1.48B	1.68B	1.61B	1.70B	1.65B	1.50B
Cash Flow
Free Cash Flow	283.00M	607.00M	304.00M	692.00M	435.00M	362.00M
Operating Cash Flow	324.00M	648.00M	337.00M	737.00M	484.00M	392.00M
Investing Cash Flow	-29.00M	-29.00M	-191.00M	-40.00M	-67.00M	-30.00M
Financing Cash Flow	-361.00M	-439.00M	-329.00M	-623.00M	-377.00M	-297.00M

Man Group plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 263.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EMG, the sentiment is Positive. The current price of 263 is above the 20-day moving average (MA) of 261.32, above the 50-day MA of 236.62, and above the 200-day MA of 191.20, indicating a neutral trend. The MACD of 6.70 indicates Positive momentum. The RSI at 58.41 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:EMG.

Man Group plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABDN	78 Outperform	£3.90B	12.24	6.50%	7.21%	-7.11%	0.45%
N91	78 Outperform	£4.57B	13.77	41.56%	5.93%	4.28%	5.18%
SDR	77 Outperform	£7.15B	20.01	8.30%	5.37%	4.78%	-4.86%
EMG	76 Outperform	£2.94B	21.06	12.23%	5.71%	-10.85%	-42.02%
JUP	73 Outperform	£973.58M	17.28	7.11%	2.70%	-4.38%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MNG	61 Neutral	£7.36B	-126.06	-1.53%	7.09%	9.86%	-134.41%

Man Group plc Corporate Events

Man Group Updates Total Voting Rights and Share Capital

Man Group plc has disclosed that its total issued listed share capital as of 30 January 2026 stands at 1,229,361,229 ordinary shares, of which 78,033,680 are held in treasury. This leaves 1,151,327,549 ordinary shares carrying voting rights, a key figure that shareholders and market participants will use to assess and report any major holdings or changes in holdings under UK disclosure and transparency rules, ensuring continued regulatory compliance and clarity over the company’s ownership structure.

The most recent analyst rating on (GB:EMG) stock is a Buy with a £297.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Man Group Strengthens Board With Appointment of Former HSBC Europe Chief Colin Bell

Man Group plc has appointed Colin Bell as a non-executive director effective 1 March 2026, with roles on both the Audit and Risk Committee and the Nomination and Governance Committee, reinforcing the firm’s board-level oversight in key governance areas. Bell brings extensive experience in global banking, risk management, regulatory compliance and technology, having previously served as CEO of HSBC Bank plc and HSBC Europe, and having led initiatives in quantum computing strategy and AI-driven transaction monitoring; his current non-executive roles in digital banking, disruptive technologies and quantum computing are expected to bolster Man Group’s strategic capabilities and innovation agenda at board level, enhancing its governance and competitive positioning in a tech-driven investment landscape.

The most recent analyst rating on (GB:EMG) stock is a Buy with a £292.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Man Group Confirms Total Voting Rights Following Year-End Share Capital Update

Man Group plc reported that as of 31 December 2025 its total issued listed share capital stood at 1,229,361,229 ordinary shares, of which 78,091,573 are held in treasury, leaving 1,151,269,656 ordinary shares carrying voting rights. The company noted that this voting share figure should be used by investors to calculate whether they are required to disclose a new or changed major shareholding under applicable Disclosure Guidance and Transparency Rules, providing clarity for shareholders on regulatory reporting thresholds.

The most recent analyst rating on (GB:EMG) stock is a Buy with a £256.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Man Group Director Dixit Joshi Joins Board of Nedbank Group

Man Group plc has announced that non-executive director Dixit Joshi has been appointed as a non-executive director and member of the Group Risk and Capital Management Committee at Nedbank Group Ltd, which is listed on the Johannesburg Stock Exchange with secondary listings on the Namibian Stock Exchange and A2X Markets, effective 15 January 2026. The cross-board role enhances Joshi’s external governance experience and underscores Man Group’s board-level links with major financial institutions in key African markets, potentially broadening the firm’s strategic insight into banking risk and capital management in the region.

The most recent analyst rating on (GB:EMG) stock is a Buy with a £256.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Man Group Non-Executive Director Paco Ybarra Joins Board of NASDAQ-Listed dLocal

Man Group plc has announced that non-executive director Paco Ybarra has been appointed as a non-executive director of dLocal Ltd, a NASDAQ-listed company, effective 2 January 2026. The additional board role expands Ybarra’s external commitments and may enhance Man Group’s access to insights from the fintech and emerging markets payments space in which dLocal operates, potentially informing the firm’s strategic perspective and governance discussions.

The most recent analyst rating on (GB:EMG) stock is a Buy with a £256.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Man Group Announces New Senior Independent Director Appointment

Man Group plc has announced that Laurie Fitch will succeed Richard Berliand as the Senior Independent Director (SID) in the first quarter of 2026. Laurie Fitch, who joined the board as a Non-Executive Director in June 2023, is seen as an excellent candidate due to her industry background and corporate governance experience. Despite a recent health condition, Laurie is expected to recover fully, and Richard will remain in his role until her appointment to ensure a smooth transition.

The most recent analyst rating on (GB:EMG) stock is a Hold with a £241.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Man Group plc Announces Total Voting Rights Update

Man Group plc has announced its total issued listed share capital, which consists of 1,229,361,229 ordinary shares, including 78,091,573 held in Treasury, resulting in 1,151,269,656 shares with voting rights. This announcement is significant for shareholders as it provides necessary information for determining major interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:EMG) stock is a Hold with a £241.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.