Manchester United Plc (MANU)
NYSE:MANU
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Manchester United
(NYSE:MANU)
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Rating:44Neutral
Price Target:
$15.50
▼(-0.77% Downside)
Action:ReiteratedDate:02/27/26
The score is primarily held back by financial fundamentals—high leverage, persistent net losses, and negative/uneven free cash flow despite strong gross/EBITDA margins. Technicals are mildly constructive with price above key averages and neutral momentum, but not strong enough to offset balance-sheet and cash-flow risk. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Revenue Diversification
Manchester United monetizes a broad set of revenue streams—commercial partnerships, media rights, matchday receipts, retail and licensing—anchored to a massive global fan base. That diversification reduces dependence on any single income source, improving resilience to seasonal or competition-related swings and supporting multi-year commercial planning and partner renewal value.
Negative Factors
High Leverage
A debt-to-equity ratio near 4.1x imposes meaningful financial constraints: elevated interest and principal commitments reduce flexibility, increase refinancing risk, and limit the club’s ability to absorb revenue shocks. High leverage also narrows strategic options for long-term stadium or squad investment without additional funding sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Diversification
Manchester United monetizes a broad set of revenue streams—commercial partnerships, media rights, matchday receipts, retail and licensing—anchored to a massive global fan base. That diversification reduces dependence on any single income source, improving resilience to seasonal or competition-related swings and supporting multi-year commercial planning and partner renewal value.
Read all positive factors
Manchester United (MANU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.04B
Dividend YieldN/A
Average Volume (3M)331.39K
Price to Earnings (P/E)123.7
Beta (1Y)0.69
Revenue Growth5.69%
EPS Growth52.32%
CountryUS
Employees1,140
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.03
Shares Outstanding56,080,685
10 Day Avg. Volume274,439
30 Day Avg. Volume331,395
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)11.45
Price to Sales (P/S)3.53
P/FCF Ratio79.24
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue4.67
Enterprise Value/Gross Profit-156.46
Enterprise Value/Ebitda15.30
Forecast
1Y Price Target
$29.75Price Target Upside90.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.25
Revenue Forecast (FY)$654.00M
Manchester United Business Overview & Revenue Model
Company Description
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 re...
How the Company Makes Money
Manchester United generates revenue from multiple core streams tied to its football operations and global brand. (1) Commercial revenue: The club sells sponsorship and advertising rights across categories (e.g., shirt sponsorship, kit/sportswear p...
Manchester United Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down revenue streams such as matchday, broadcasting, and commercial activities, highlighting the club's financial health and reliance on different income sources.
Breaks down revenue streams such as matchday, broadcasting, and commercial activities, highlighting the club's financial health and reliance on different income sources.
Data provided by:
The Fly
The FlyManchester United Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Sep 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 644.57M | 628.49M | 658.15M | 615.70M | 638.56M | 481.07M |
| Gross Profit | -19.26M | -24.19M | -55.22M | -26.86M | -90.82M | -40.71M |
| EBITDA | 196.87M | 175.79M | 148.88M | 148.90M | 88.91M | 93.39M |
| Net Income | -8.96M | -31.14M | -112.54M | -27.23M | -126.47M | -89.78M |
Balance Sheet | ||||||
| Total Assets | 1.67B | 1.64B | 1.34B | 1.32B | 1.29B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 44.41M | 86.11M | 73.55M | 76.02M | 121.22M | 110.66M |
| Total Debt | 780.39M | 645.45M | 555.26M | 622.18M | 640.55M | 534.58M |
| Total Liabilities | 1.48B | 1.44B | 1.20B | 1.21B | 1.17B | 987.80M |
| Stockholders Equity | 190.74M | 193.73M | 144.89M | 103.95M | 127.51M | 272.51M |
Cash Flow | ||||||
| Free Cash Flow | -134.97M | 27.98M | -122.56M | -76.01M | -27.37M | -31.35M |
| Operating Cash Flow | 109.43M | 72.70M | 85.67M | 95.77M | 96.37M | 113.08M |
| Investing Cash Flow | -288.23M | -274.68M | -171.20M | -140.16M | -93.43M | -99.37M |
| Financing Cash Flow | 111.93M | 209.58M | 86.23M | -1.95M | 5.04M | 47.64M |
Manchester United Technical Analysis
Positive
15.62
Price Trends
17.21
Positive
16.64
Positive
16.76
Positive
Market Momentum
0.19
Negative
62.75
Neutral
86.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MANU, the sentiment is Positive. The current price of 15.62 is below the 20-day moving average (MA) of 16.90, below the 50-day MA of 17.21, and below the 200-day MA of 16.76, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 62.75 is Neutral, neither overbought nor oversold. The STOCH value of 86.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MANU.
Manchester United Risk Analysis
Manchester United disclosed 55 risk factors in its most recent earnings report. Manchester United reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
If we repurchase shares of our stock including our Class A ordinary shares, we may be subject to a 1% U.S. federal excise tax. Q2, 2023
Manchester United Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.86B | 6.89 | -618.85% | ― | 0.68% | -80.73% | |
62 Neutral | $22.03B | 44.38 | 10.50% | ― | 9.81% | -42.40% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $22.03B | 40.26 | 10.50% | ― | 9.81% | -42.40% | |
56 Neutral | $2.83B | -113.56 | -4.46% | ― | 6.62% | 97.35% | |
54 Neutral | $7.97B | 189.56 | 5.81% | ― | -1.16% | -133.74% | |
44 Neutral | $3.04B | 123.67 | -4.66% | ― | 5.69% | 52.32% |
* Communication Services Sector Average
MANU
Manchester United
17.82
3.77
26.83%
FWONA
Liberty Media Liberty Formula One
83.40
10.21
13.94%
MSGS
Madison Square Garden Sports
331.06
138.48
71.91%
FWONK
Liberty Media Liberty Formula One
90.68
10.42
12.98%
MSGE
Madison Square Garden Entertainment Corp.
60.79
30.00
97.43%
BATRA
Atlanta Braves Holdings Inc Class A
49.28
7.18
17.05%
Manchester United Corporate Events
Manchester United Swings to Quarterly Profit as Cost Cuts Offset Revenue Dip
Feb 26, 2026
Manchester United plc reported interim unaudited results for the three and six months ended 31 December 2025, showing a 4.2% year-on-year decline in quarterly revenue to £190.3 million, driven by weaker commercial and matchday income. Commerc...
Manchester United Swings to Profit and Reaffirms Outlook in Q2 Fiscal 2026
Feb 25, 2026
Manchester United reported second-quarter fiscal 2026 results on 25 February 2026, showing a sharp turnaround to a £19.6 million operating profit for the quarter and £32.6 million for the first half, compared with a loss a year earlier, ...
Manchester United Sets February 25 Date for Fiscal Q2 2026 Earnings Release
Feb 17, 2026
Manchester United plc, the NYSE‑listed parent of the Manchester United football club, leverages its long-standing on‑pitch success and 148‑year heritage to power a diversified sports and entertainment business. The club’s g...
Manchester United Names Michael Carrick Head Coach for Remainder of 2025/26 Season
Jan 13, 2026
On 13 January 2026, Manchester United announced it has appointed former club midfielder Michael Carrick as Head Coach of the men’s first team until the end of the 2025/26 season, signalling a return to a figure closely associated with the cl...
Manchester United Parts Ways with Head Coach Ruben Amorim as Club Sits Sixth in Premier League
Jan 6, 2026
On January 5, 2026, Manchester United announced that head coach Ruben Amorim has left his role, ending a tenure that began with his appointment in November 2024 and included leading the team to the UEFA Europa League final in Bilbao in May 2025. W...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.