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Manitou BF
(MTU)
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Rating:71Outperform
Price Target:
€24.00
▲(3.90% Upside)
Action:Reiterated
Date:09/19/26
The score is driven primarily by improving financial stability (strong 2025 revenue and cash flow rebound plus healthier leverage) but constrained by weaker profitability versus 2024 and historically volatile earnings/cash flows. Valuation is a key positive (low P/E and solid dividend), while technicals are only moderately supportive with mostly neutral momentum.
Positive Factors
Strong 2025 Revenue Rebound
Revenue growth of about 36% in 2025 indicates the company can recover demand and scale meaningfully after a softer period. If this rebound persists, greater equipment volumes can support dealer reach, installed-base expansion, and a broader base for parts and service revenue over the next several quarters.
Negative Factors
Margin and Net Income Pressure
The decline in margins and net income despite strong revenue growth shows that additional volume is not currently translating proportionately into earnings. Persistent profitability pressure could reduce reinvestment capacity, weaken returns on equity, and limit confidence that the latest revenue recovery will produce durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 Revenue Rebound
Revenue growth of about 36% in 2025 indicates the company can recover demand and scale meaningfully after a softer period. If this rebound persists, greater equipment volumes can support dealer reach, installed-base expansion, and a broader base for parts and service revenue over the next several quarters.
Read all positive factors
Manitou BF (MTU) vs. iShares MSCI France ETF (EWQ)
Market Cap
€755.43M
Dividend Yield3.75%
Average Volume (3M)11.25K
Price to Earnings (P/E)8.8
Beta (1Y)1.64
Revenue Growth7.68%
EPS Growth19.52%
CountryFR
Employees6,028
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.28
Shares Outstanding39,668,400
10 Day Avg. Volume11,572
30 Day Avg. Volume11,247
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.76
Price to Sales (P/S)0.29
P/FCF Ratio3.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.41
Revenue Forecast (FY)€2.76B
Manitou BF Business Overview & Revenue Model
Company Description
Manitou BF SA is a worldwide provider, engaged in the design, development, manufacture, and distribution of equipment and related services for the construction, agricultural, and industrial sectors. The company's operations are structured into thr...
How the Company Makes Money
Manitou BF primarily makes money by selling equipment it manufactures, with revenue largely driven by the sale of new machines (notably telehandlers, industrial forklifts, and access platforms) to end customers through distribution channels. A rec...
Manitou BF Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.72B | 2.56B | 2.66B | 2.87B | 2.36B | 1.87B |
| Gross Profit | 483.73M | 452.12M | 500.11M | 487.67M | 303.03M | 308.65M |
| EBITDA | 244.99M | 221.88M | 278.23M | 270.14M | 142.86M | 175.70M |
| Net Income | 87.00M | 68.42M | 121.88M | 143.39M | 54.73M | 86.76M |
Balance Sheet | ||||||
| Total Assets | 2.15B | 2.06B | 2.09B | 2.17B | 1.76B | 1.51B |
| Cash, Cash Equivalents and Short-Term Investments | 91.62M | 99.66M | 42.60M | 62.17M | 67.95M | 196.82M |
| Total Debt | 320.54M | 350.07M | 446.84M | 474.95M | 302.36M | 199.85M |
| Total Liabilities | 1.15B | 1.09B | 1.12B | 1.27B | 971.57M | 754.28M |
| Stockholders Equity | 1.00B | 970.66M | 975.64M | 894.75M | 790.82M | 750.24M |
Cash Flow | ||||||
| Free Cash Flow | 175.73M | 216.49M | 137.06M | -157.66M | -198.00M | 78.13M |
| Operating Cash Flow | 243.33M | 301.76M | 250.00M | -52.63M | -104.47M | 129.99M |
| Investing Cash Flow | -105.30M | -116.42M | -136.21M | -94.91M | -96.21M | -44.61M |
| Financing Cash Flow | -82.00M | -149.94M | -57.68M | 120.31M | 22.96M | -16.78M |
Manitou BF Technical Analysis
Negative
23.10
Price Trends
21.45
Negative
20.69
Negative
20.29
Negative
Market Momentum
-0.49
Positive
40.72
Neutral
42.19
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 23.1 is above the 20-day moving average (MA) of 20.80, above the 50-day MA of 21.45, and above the 200-day MA of 20.29, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 40.72 is Neutral, neither overbought nor oversold. The STOCH value of 42.19 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
UnderperformOutperform
Sector (55)
FR:MTU
Manitou BF
19.98
3.30
19.80%
FR:ALPM
Precia SA
23.50
-4.57
-16.28%
FR:SU
Schneider Electric
264.40
23.03
9.54%
FR:SFPI
Groupe SFPI SA
1.76
0.02
1.15%
FR:MLHYD
Hydraulique PB SA
720.00
-20.00
-2.70%
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.