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Manchester United PLC
F:MUF

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Manchester United PLC
F:MUF
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Price: 14.71 EUR 1.45% Market Closed
Market Cap: €2.5B

EV/EBITDA

14.2
Current
9%
Cheaper
vs 3-y average of 15.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
14.2
=
Enterprise Value
€3.6B
/
EBITDA
£191.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
14.2
=
Enterprise Value
€3.6B
/
EBITDA
£191.6m

Valuation Scenarios

Manchester United PLC is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (15.7), the stock would be worth €16.25 (10% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+42%
Average Downside
37%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 14.2 €14.71
0%
3-Year Average 15.7 €16.25
+10%
5-Year Average 20.2 €20.88
+42%
Industry Average 0 €0.02
-100%
Country Average 0 €0.02
-100%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€3.6B
/
Jan 2026
£191.6m
=
14.2
Current
€3.6B
/
Jun 2026
£199.5m
=
18.3
Forward
€3.6B
/
Jun 2027
£268.9m
=
13.6
Forward
€3.6B
/
Jun 2028
£313.3m
=
11.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
UK
Manchester United PLC
F:MUF
3B EUR 14.2 -252.1
US
Netflix Inc
NASDAQ:NFLX
389.8B USD 12.6 29.1
US
Walt Disney Co
NYSE:DIS
188B USD 11.4 15.3
LU
Spotify Technology SA
NYSE:SPOT
107.5B USD 35.9 41.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
67.7B USD 5.1 93.2
NL
Universal Music Group NV
AEX:UMG
36.8B EUR 16 24
US
Live Nation Entertainment Inc
NYSE:LYV
36.1B USD 19.5 -654.8
US
TKO Group Holdings Inc
NYSE:TKO
35.5B USD 25.2 155.2
US
Roku Inc
NASDAQ:ROKU
16.9B USD 219.4 191.4
FR
Bollore SE
PAR:BOL
14.2B EUR -44.2 40.7
US
Warner Music Group Corp
NASDAQ:WMG
15.4B USD 13.6 51.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Manchester United PLC
F:MUF
Average EV/EBITDA: 37.3
14.2
19%
0.7
US
Netflix Inc
NASDAQ:NFLX
12.6
-7%
N/A
US
Walt Disney Co
NYSE:DIS
11.4
11%
1
LU
Spotify Technology SA
NYSE:SPOT
35.9
30%
1.2
US
Warner Bros Discovery Inc
NASDAQ:WBD
5.1
-23%
N/A
NL
Universal Music Group NV
AEX:UMG
16
14%
1.1
US
Live Nation Entertainment Inc
NYSE:LYV
19.5
21%
0.9
US
TKO Group Holdings Inc
NYSE:TKO
25.2
22%
1.1
US
Roku Inc
NASDAQ:ROKU
219.4
147%
1.5
FR
Bollore SE
PAR:BOL
Negative Multiple: -44.2 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
13.6
15%
0.9
P/E Multiple
Earnings Growth PEG
UK
Manchester United PLC
F:MUF
Average P/E: 71.3
Negative Multiple: -252.1
N/A N/A
US
Netflix Inc
NASDAQ:NFLX
29.1
21%
1.4
US
Walt Disney Co
NYSE:DIS
15.3
6%
2.6
LU
Spotify Technology SA
NYSE:SPOT
41.2
22%
1.9
US
Warner Bros Discovery Inc
NASDAQ:WBD
93.2
N/A N/A
NL
Universal Music Group NV
AEX:UMG
24
16%
1.5
US
Live Nation Entertainment Inc
NYSE:LYV
Negative Multiple: -654.8 N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
155.2
90%
1.7
US
Roku Inc
NASDAQ:ROKU
191.4
94%
2
FR
Bollore SE
PAR:BOL
40.7
-1%
N/A
US
Warner Music Group Corp
NASDAQ:WMG
51.4
41%
1.3

Market Distribution

Higher than 95% of companies in United Kingdom
Percentile
95th
Based on 1 967 companies
95th percentile
11.7
Low
0 — 0
Typical Range
0 — 0
High
0 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0
Max 743.2

Manchester United PLC
Glance View

Manchester United PLC, a name synonymous with a storied legacy in the world of football, operates at the fascinating intersection of sports and business. Founded in 1878 and headquartered in Old Trafford, Greater Manchester, this publicly traded company has grown far beyond its early days on the pitch to become a global sports entity. The heart of the company is, of course, its renowned football team—Manchester United Football Club—one of the most successful and popular sports teams in the world. Its matches in the English Premier League and international competitions attract millions of fans, both in stadium seats and through broadcasts around the globe. The company’s revenue engine is as diversified as it is robust. Matchday revenues form a significant portion, derived from ticket sales, hospitality suites, and concessions during home games. Beyond the matchday experience, Manchester United PLC skillfully navigates media and commercial avenues—the media and broadcasting rights to their games are immensely lucrative, generating substantial fees from global networks and streaming platforms. Meanwhile, the commercial segment flourishes through strategic partnerships, sponsorship deals, and brand merchandising. Licensed apparel and products bearing the club's emblem are in high demand, further enhancing its profitability. This blend of nostalgia-infused brand equity and strategic business acumen propels Manchester United PLC into the pantheon of sports business success.

MUF Intrinsic Value
12.71 EUR
Overvaluation 14%
Intrinsic Value
Price €14.71
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