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Manchester United
(NYSE:MANU)
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Rating:43Neutral
Price Target:
$20.00
▼(-14.89% Downside)
Action:Reiterated
Date:09/25/26
The score is primarily held back by weak financial performance—ongoing net losses, a steep 2026 revenue drop, and high leverage—despite improving operating and free cash flow. Technicals are neutral with negative MACD and sub-50 RSI, and valuation lacks support due to negative earnings and no dividend yield.
Positive Factors
Commercial resilience
Record revenue and adjusted EBITDA in a season without European football indicate that Manchester United’s global brand and commercial engine can generate substantial earnings independently of UEFA participation. This supports durable sponsorship, merchandising and licensing power over the next several quarters.
Negative Factors
Persistent net losses
Recurring net losses show that strong EBITDA does not yet translate into bottom-line profitability after financing, depreciation and other costs. Continued losses can constrain internally funded investment and leave the company more exposed if operating performance or competition-related revenue weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial resilience
Record revenue and adjusted EBITDA in a season without European football indicate that Manchester United’s global brand and commercial engine can generate substantial earnings independently of UEFA participation. This supports durable sponsorship, merchandising and licensing power over the next several quarters.
Read all positive factors
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 (MANU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.54B
Dividend Yield1.47%
Average Volume (3M)349.63K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue Growth11.51%
EPS Growth71.05%
CountryUS
Employees932
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.25
Shares Outstanding56,080,685
10 Day Avg. Volume366,506
30 Day Avg. Volume349,631
Financial Highlights & Ratios
PEG Ratio-2.74
Price to Book (P/B)19.95
Price to Sales (P/S)4.42
P/FCF Ratio32.25
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.05
Revenue Forecast (FY)$753.95M
Manchester United Business Overview & Revenue Model
Company Description
Manchester United plc, together with its subsidiaries, operates a professional sports team in the United Kingdom. The company is involved in marketing and sponsorship relationships with international and regional companies to commercialize its bra...
How the Company Makes Money
Manchester United primarily generates revenue by monetizing its football operations and global brand through three main revenue streams: commercial, broadcasting, and matchday.
1) Commercial revenue (sponsorship, merchandising, licensing): The cl...
Manchester United Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
24
Negative
Cash Flow
48
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Sep 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 675.02M | 628.49M | 658.15M | 615.70M | 638.56M |
| Gross Profit | -24.15M | -24.19M | -55.22M | -26.86M | -90.82M |
| EBITDA | 207.39M | 200.91M | 113.80M | 178.88M | 43.49M |
| Net Income | -42.79M | -31.14M | -112.54M | -27.23M | -126.47M |
Balance Sheet | |||||
| Total Assets | 1.54B | 1.64B | 1.34B | 1.32B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 66.84M | 86.11M | 73.55M | 76.02M | 121.22M |
| Total Debt | 688.05M | 645.45M | 555.26M | 622.18M | 640.55M |
| Total Liabilities | 1.39B | 1.44B | 1.20B | 1.21B | 1.17B |
| Stockholders Equity | 149.46M | 193.73M | 144.89M | 103.95M | 127.51M |
Cash Flow | |||||
| Free Cash Flow | 92.44M | 27.98M | -122.56M | -76.01M | -27.37M |
| Operating Cash Flow | 178.02M | 72.70M | 85.67M | 95.77M | 96.37M |
| Investing Cash Flow | -228.68M | -274.68M | -171.20M | -140.16M | -93.43M |
| Financing Cash Flow | 35.17M | 209.58M | 86.23M | -1.95M | 5.04M |
Manchester United Technical Analysis
Positive
23.50
Price Trends
22.02
Negative
21.65
Negative
19.29
Positive
Market Momentum
-0.53
Negative
47.76
Neutral
80.58
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 23.5 is above the 20-day moving average (MA) of 20.70, above the 50-day MA of 22.02, and above the 200-day MA of 19.29, indicating a neutral trend. The MACD of -0.53 indicates Negative momentum. The RSI at 47.76 is Neutral, neither overbought nor oversold. The STOCH value of 80.58 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $23.52B | 46.52 | 5.94% | 1.71% | 12.23% | 47.39% | |
66 Neutral | $35.75B | 62.62 | 6.41% | 1.66% | 35.92% | 15.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $40.02B | -153.66 | 73.28% | ― | 10.75% | -146.20% | |
51 Neutral | $9.55B | 1,233.75 | -2.73% | 4.73% | 11.03% | ― | |
45 Neutral | $3.39B | 107.57 | 1.26% | 0.94% | 6.77% | -199.58% | |
43 Neutral | $3.54B | -147.19 | -24.51% | 1.47% | 11.51% | 71.05% |
* Communication Services Sector Average
MANU
Manchester United
20.40
4.99
32.38%
LYV
Live Nation Entertainment
170.87
9.08
5.61%
TKO
TKO Group Holdings
182.67
-13.26
-6.77%
MSGS
Madison Square Garden Sports
402.84
179.29
80.20%
FWONK
Liberty Media Liberty Formula One
94.61
-10.32
-9.84%
BATRA
Atlanta Braves Holdings Inc Class A
59.03
13.73
30.31%
Manchester United Corporate Events
Manchester United Posts Record Revenue, Secures Stadium Land and Returns to Champions League
Sep 23, 2026
Manchester United PLC, the listed parent of Manchester United Football Club, operates in the professional sports and entertainment industry with a focus on elite men’s and women’s football. Its business model combines matchday income, ...
Manchester United Sets Date for Fiscal Q4 2026 Earnings Release
Sep 9, 2026
Manchester United plc, the NYSE-listed owner of the Manchester United football club, is a leading global sports and entertainment brand built on 148 years of football heritage and 69 major trophies. The company generates substantial revenue from s...
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.