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Manchester United

MANU on NYSE. Amusement & recreation services. Market value $3.5bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to June 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

The latest annual report is over 15 months old, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Retail & consumer stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to June 2025
n/a

We could not compute this from the filings.

Price to profit
annual report to June 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to June 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$20.40 a share, 37% above its 1-year low

Over the past year the price has ranged from $14.85 to $24.45.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

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20212022202320242025
Revenue
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Operating margin
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Debt to equity
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Shares outstanding
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Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown

Dates

Next results (estimated)
n/a
Last annual report (10-K)
24 September 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

4 long-term investors we follow own it, unchanged from 4 last quarter. 126 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

  • INEOS Limited
    at least 56.2%
    (filed with 2 related holders)
    Since 18 December 2024
    What they said

    Item 4 of the Original Schedule 13D is hereby supplementally amended as follows: The Transfer was consummated to change the structure through which the Ordinary Shares are held and to consolidate the Issuer's shares with INEOS' other sports investments. INEOS holds the Ordinary…

    Read the filing
  • INEOS Services Limited
    at least 54.5%
    (filed with 1 related holder)
    Since 23 June 2026
    What they said

    The information set forth in each of (i) Item 4 of the Original Schedule 13D included herein as Exhibit B and (ii) Item 4 of Amendment No. 1 included herein as Exhibit C is incorporated by reference herein. The Reorganization inserted a new holding company, INEOS, above ISL. As…

    Read the filing
  • Lindsell Train
    Passive investor
    at least 6.4%−1.4 pts
    (filed with 2 related holders)
    Since 31 December 2025
  • Boldhaven Management LLP
    Passive investor
    5.6%
    Since 30 June 2026
  • 5.2%0.0 pts
    Since 31 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

We have no insider filings for this company yet.

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Manchester United doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.