Discounted Cash Flow

Manpowergroup Inc.

MAN · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2025

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $443.7m $543.1m $6.33
2017 $545.4m (22.9%) $346.2m (-36.3%) $8.13 (28.4%)
2018 $22.0b $556.7m (2.1%) $418.4m (20.9%) 2.5% $8.62 (6.0%)
2019 $20.9b (-5.1%) $465.7m (-16.3%) $761.5m (82.0%) 2.2% (-11.8%) $7.78 (-9.7%)
2020 $18.0b (-13.7%) $23.8m (-94.9%) $885.7m (16.3%) 0.1% (-94.1%) $0.41 (-94.7%)
2021 $20.7b (15.1%) $382.4m (1506.7%) $580.6m (-34.4%) 1.8% (1295.6%) $7.01 (1609.8%)
2022 $19.8b (-4.3%) $373.8m (-2.2%) $347.7m (-40.1%) 1.9% (2.2%) $7.17 (2.3%)
2023 $18.9b (-4.6%) $88.8m (-76.2%) $270.0m (-22.3%) 0.5% (-75.1%) $1.78 (-75.2%)
2024 $17.9b (-5.6%) $145.1m (63.4%) $258.1m (-4.4%) 0.8% (73.1%) $3.04 (70.8%)
2025 $18.0b (0.6%) $-13.3m (-109.2%) $-161.4m (-162.5%) -0.1% (-109.1%) $-0.29 (-109.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2025

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.