EMG.L

Man Group Plc

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 v… 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.
Market price
GBP 2.98
Within modeled range
Base value (EV/EBITDA (12x)) is 3.7% below the market price
5-year outlook: 4.2% per year · forecast
Data: Price updated 06 Nov 2026 14:47; FY2025, period ended 31 Dec 2025 from EODHD (downloaded 27 min ago).
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Verdict

Priced within the modelled range

PriceGBP 2.98
Fair value range2.39–3.35base 2.87
Estimate reliabilityHigh
5-year outlook4.2% / yr≈ GBP 3.66 in 5 yrs

Why: Banks and insurers earn their money on their balance sheet, so value follows book value and how much the company earns on it (return on equity).

Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.

EV/EBITDA (12x)

Market price within modeled range

Showing the EV/EBITDA (12x) you selected on the company card, using 3.24% growth, 2.4% terminal growth and 9.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 3.24%, discount rate 9.60%, terminal growth 2.40% (sector defaults). See a worked example.

Blended growth assumption: 3.2% (sector default 5.4%, own revenue history 0.2%, analyst revenue consensus 3.7%).

5-year outlook: relative outlook of about 4.2% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.

Analyst consensus expects revenue growth of 3.7% a year; the growth assumption used is 3.2%.

Adjust assumptions

Show the recommended model instead

Why this model: Banks and insurers earn their money on their balance sheet, so value follows book value and how much the company earns on it (return on equity).

Compare models
  • Recommended: Justified P/B (ROE) — GBP 1.29 (-56.8%)
  • EPS-based Gordon proxy — GBP 1.67 (-43.8%)
    Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
  • DCF (trailing free cash flow) — GBP 2.54 (-14.7%)
    Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
  • FCFF (steady state) — GBP 2.45 (-17.7%)
    Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
  • EV/EBITDA (12x) — GBP 2.87 (-3.7%)
    Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
  • Fade DCF (10-year growth fade) — GBP 2.54 (-14.8%)
    Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
  • EV/Sales (Rule of 40) — GBP 5.42 (+81.7%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share GBP 2.39–3.35
Base scenario / share GBP 2.87
Margin of safety (share of value) Priced for base-to-bull outcomes
Bear GBP 2.39-24.6%
Base GBP 2.87-3.9%
Bull GBP 3.3511.0%

Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.

Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.

Price history and fair value

No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.

Latest news

Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.

More detail: quality, peers, price history, dividends and financials

Quality score: 92 / 100

Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.

Profitability5 of 5 years profitable20 / 20
Cash generationfree cash flow positive in 5 of 5 years20 / 20
Growthrevenue +0.2% a year12 / 20
Balance sheetnet cash20 / 20
MarginsEBITDA margin 24%20 / 20

Peers in Financials

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
EMG.L (this company) GBP 2.98 -131.2% 25.3 2.9 4.4% 92
PSH.L Pershing Square Holdings, Ltd. GBP 38.44 68.5% 3.7 0.6 1.3% 76
LRE.L Lancashire Holdings Limited GBP 6.88 45.6% 7.1 1.6 3.3% 76
ACA.PA Credit Agricole S.A. EUR 15.73 36.6% 6.7 0.7 7.0% 78
V Visa Inc. USD 414.00 34.6% 8.7 – 0.2% 100
PRU.L Prudential plc GBP 9.24 34.2% 8.0 1.6 1.9% 78
AGS.BR ageas SA/NV EUR 76.95 33.0% 8.1 1.5 5.0% 76
NWG.L NatWest Group plc GBP 5.86 30.3% 8.2 1.3 5.0% 88
ACGL Arch Capital Group USD 108.49 30.3% 8.5 1.6 0.1% 100
Peer median 8.0 1.5

Dividends

Paid in the last 12 months: GBP 0.00 per share · yield 0.04% at the current price.

YearDividends per share
2026 (so far)0.001
20250.001
20240.001
20230.001
20220.001
20210.001
Sector Financials
Exchange London Stock Exchange
Currency GBP

Annual financial statement

Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025

RevenueGBP 1,115,800,594
EBITDAGBP 271,121,976
EBITGBP 213,842,686
Net incomeGBP 133,651,679
Free cash flowGBP 195,513,313
Capital expendituresGBP 13,747,030
DebtGBP 212,440,516
CashGBP 217,756,025
Working capitalGBP -36,406,035
Shares outstanding1,135,741,342
Reported dividends per shareGBP 0.1304