Manchester United Ltd logo

Manchester United Ltd(MANU)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 6 days
PROFIT SINCE LAST BUY
+3.72% ▲
LAST CLOSE
$23.71
11/11/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for MANU

11/11/2026: MANU (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Manchester United Ltd is a premier professional football club listed on the NYSE. The company’s primary strengths are its iconic global brand and significant commercial revenue streams. The main investment opportunity lies in its potential to better monetize its massive international fan base and improve stadium infrastructure under new operational oversight. However, the club faces execution risks related to on-pitch performance, which directly impacts lucrative broadcasting revenue. The stock may suit investors interested in sports entertainment and long-term brand equity, though its financial sensitivity to sporting outcomes and high debt levels require careful monitoring of operational reforms.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied to unpredictable sporting success rather than purely scalable product adoption.
Momentum investorMixed fitMomentum is often driven by news regarding ownership or transfer windows rather than pure financial trends.
Value investorWeak fitHigh valuation multiples relative to earnings and significant debt levels often deter traditional value investors.
Dividend investorWeak fitInconsistent dividend payouts make this a less reliable income vehicle.
Low-risk investorWeak fitHigh volatility associated with sporting performance and media scrutiny increases risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighStock price often fluctuates based on match results and media rumors.
Valuation riskMedium / highThe company trades at premiums often linked to 'trophy asset' status.
Competition risk (on-pitch)HighFailure to qualify for top-tier European competitions significantly reduces broadcasting revenue.
Business qualityMediumThe brand is powerful, but financial performance is intrinsically linked to sporting success.
Dividend incomeLowDividends are not the primary source of value or reliably paid.
Execution riskMedium / highSuccess depends on complex management of player transfers, coaching, and infrastructure projects.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -10.84%
Avg. Invested days 41
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/11/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MANU receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
MANU has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2026 versus FY2025, solid cash generation (FCF margin 13.7%) is partially offset by negative earnings growth (-37.4%), moderate revenue growth (+7.4%), weak profitability (net margin -6.3%).

Financial Health Rating

★★★★★
MANU's financial health is supported by moderate cash strength, including free-cash-flow generation (13.7% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MANU's strongest growth driver at +230.4% FY2026 versus FY2025 (strong, 5 stars). By comparison, while revenue growth (+7.4%, moderate) and earnings growth (-37.4%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 59.8% and approximately 68.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 31.91% supports management-shareholder alignment.

Top 5 Institutional Investors

Ariel Investments, LLC 5.37%
Cooperman Leon G 1.70%
Lindsell Train Ltd 1.60%
Pinnacle Associates Inc 0.84%
Gamco Investors, Inc. Et Al 0.69%

Unit Economics (Per $1K Revenue)

★★★★★
MANU generates approximately $-36 of gross profit, $-36 of operating income, and $137 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Operating losses explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 8.58%

Quantitative Style Profile

★★★★★
MANU has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Sector & Industry Intelligence

Sector snapshot as of 2026-11-10

Sector

Communication Services

Signal
Constructive
Sentiment
Bullish
Momentum
BUY Breadth Improving
BUY participation
50.0%
Active BUY / eligible
11 / 22
22-session BUY-count change
+1

More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.

Industry

Entertainment

BUY participation
77.8%
Active BUY / eligible
7 / 9
22-session BUY-count change
+3

The sector signal does not change this stock’s BUY, SELL, or PASS advisory.

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.00B USD
Price to earnings Ratio -
1Y Target Price 23.1
Price to earnings Ratio -
1Y Target Price 23.1
Volume (30-day avg) 307.7K shares
Beta 0.75
52 Weeks Range 14.85 - 24.45
Updated Date 11/10/2026
52 Weeks Range 14.85 - 24.45
Updated Date 11/10/2026
Dividends yield (FY) -
Basic EPS (TTM) -33.42

How Company Makes Money

Business areaWhat it includesRetail investor read
CommercialSponsorships, global merchandising, and digital partnerships.This is the core profit driver, less dependent on win/loss records.
BroadcastingTelevision rights for Premier League and UEFA competitions.This provides predictable revenue but varies based on tournament success.
MatchdayTicketing and stadium hospitality.A stable but capacity-limited cash flow source.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-11-19
When Before Market
Estimate 0.06
Actual -

Profitability

Profit Margin -6.34%
Operating Margin (TTM) -15.06%

Management Effectiveness

Return on Assets (TTM) -0.49%
Return on Equity (TTM) -24.97%

Valuation

Trailing PE -
Forward PE 106.38
Enterprise Value 4.85B
Price to Sales(TTM) 5.91
Enterprise Value 4.85B
Price to Sales(TTM) 5.91
Enterprise Value to Revenue 5.36
Enterprise Value to EBITDA 15.04
Shares Outstanding 56.14M
Shares Floating 38.23M
Shares Outstanding 56.14M
Shares Floating 38.23M
Percent Insiders 31.91
Percent Institutions 59.82

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.