MAN (MAN.DE) Stock Price

MAN Price

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MAN (MAN.DE) Stock | ISIN DE0005937007 | WKN 593700. MAN operates in the Industry sector.

Revenue at MAN has contracted by 2.1% per year over the past 19 years to 10.84 B EUR. Earnings per share have grown at 9.1% per year over the last 18 years. MAN's net margin stands at -4%, down from -0.1% several years earlier.

MAN stock price

Ex-Dividend
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Stock Price

How to Read This Chart

This chart tracks the historical stock price of MAN over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MAN stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MAN's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MAN Stock Price History
DateMAN Price
Access this data via the Eulerpool API

MAN Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2001
16.3 B EUR
194 M EUR
151 M EUR
Jan 1, 2002
16.04 B EUR
340 M EUR
135 M EUR
Jan 1, 2003
13.55 B EUR
438 M EUR
227 M EUR
Jan 1, 2004
14.95 B EUR
631 M EUR
308 M EUR
Jan 1, 2005
14.67 B EUR
712 M EUR
462 M EUR
Jan 1, 2006
13.05 B EUR
1.06 B EUR
918 M EUR
Jan 1, 2007
15.51 B EUR
1.74 B EUR
1.22 B EUR
Jan 1, 2008
14.95 B EUR
1.67 B EUR
1.23 B EUR
Jan 1, 2009
12.03 B EUR
760 M EUR
-270 M EUR
Jan 1, 2010
14.68 B EUR
945 M EUR
713 M EUR
Jan 1, 2011
16.47 B EUR
1.41 B EUR
238 M EUR
Jan 1, 2012
15.77 B EUR
932 M EUR
177 M EUR
Jan 1, 2013
15.66 B EUR
439 M EUR
-524 M EUR
Jan 1, 2014
14.29 B EUR
415 M EUR
253 M EUR
Jan 1, 2015
13.7 B EUR
141 M EUR
139 M EUR

MAN Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 16, 2026, 4:05 AM
 
REVENUE (B EUR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B EUR)
NET INCOME (B EUR)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
20132014201520162017201820192020
15.6614.2913.713.5611.0912.112.6610.84
-0.68-8.8-4.09-1.01-18.269.174.62-14.41
18.5418.1418.9418.6618.8618.1817.9912
2.92.592.62.532.092.22.281.3
-0.520.250.14-0.020.310.680.71-0.43
-396.05-148.28-45.06-112.23-1,935.29116.355.33-160.76
147147147147147147147147
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MAN generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MAN retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MAN's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MAN has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MAN's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MAN stock margins

The MAN margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MAN. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MAN.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2001
16.41 %
1.19 %
0.93 %
Jan 1, 2002
16.68 %
2.12 %
0.84 %
Jan 1, 2003
18.3 %
3.23 %
1.68 %
Jan 1, 2004
18.88 %
4.22 %
2.06 %
Jan 1, 2005
20.05 %
4.85 %
3.15 %
Jan 1, 2006
22.13 %
8.08 %
7.04 %
Jan 1, 2007
23.03 %
11.21 %
7.84 %
Jan 1, 2008
24.36 %
11.18 %
8.25 %
Jan 1, 2009
21.38 %
6.32 %
-2.25 %
Jan 1, 2010
22.32 %
6.44 %
4.86 %
Jan 1, 2011
22.35 %
8.57 %
1.44 %
Jan 1, 2012
20.75 %
5.91 %
1.12 %
Jan 1, 2013
18.54 %
2.8 %
-3.35 %
Jan 1, 2014
18.14 %
2.9 %
1.77 %
Jan 1, 2015
18.94 %
1.03 %
1.01 %

MAN Stock Revenue, EBIT, Earnings per Share

The MAN earnings per share therefore indicates how much revenue MAN has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2001
109.4 EUR
1.3 EUR
1.01 EUR
Jan 1, 2002
109.12 EUR
2.31 EUR
0.92 EUR
Jan 1, 2003
92.15 EUR
2.98 EUR
1.54 EUR
Jan 1, 2004
101.68 EUR
4.29 EUR
2.1 EUR
Jan 1, 2005
99.8 EUR
4.84 EUR
3.14 EUR
Jan 1, 2006
88.77 EUR
7.18 EUR
6.24 EUR
Jan 1, 2007
105.5 EUR
11.83 EUR
8.27 EUR
Jan 1, 2008
101.67 EUR
11.37 EUR
8.39 EUR
Jan 1, 2009
81.81 EUR
5.17 EUR
-1.84 EUR
Jan 1, 2010
99.83 EUR
6.43 EUR
4.85 EUR
Jan 1, 2011
112.05 EUR
9.61 EUR
1.62 EUR
Jan 1, 2012
107.29 EUR
6.34 EUR
1.2 EUR
Jan 1, 2013
106.56 EUR
2.99 EUR
-3.56 EUR
Jan 1, 2014
97.18 EUR
2.82 EUR
1.72 EUR
Jan 1, 2015
93.21 EUR
0.96 EUR
0.95 EUR

MAN business model & stock analysis

MAN SE is an internationally active company based in Munich, operating in the automotive and commercial vehicle industry. The company's history dates back to 1758, when the St. Antony-Hütte was founded in Oberhausen. In 1898, MAN (Maschinenfabrik Augsburg-Nürnberg) began production of commercial vehicles, which remain one of the company's core business segments to this day. Today, MAN SE is divided into three segments: MAN Truck & Bus, MAN Diesel & Turbo, and MAN Energy Solutions. These divisions specialize in different products and services and have their own development and production capacities. MAN Truck & Bus is the largest business segment of the company and includes the development and production of commercial vehicles such as trucks, buses, and vans. MAN Truck & Bus is also active in the field of electromobility and offers electric city buses, among other products. As part of its extensive service offerings, MAN Truck & Bus also provides vehicle maintenance and repair. MAN Diesel & Turbo specializes in the development and production of large engines and turbines, which are used in maritime and power plant applications. MAN Diesel & Turbo is also active in the field of energy transition and works on the development of sustainable technologies. MAN Energy Solutions, formerly known as MAN PrimeServ, offers services and solutions for energy systems, particularly in the field of renewable energy generation. The portfolio ranges from planning and engineering to maintenance and upkeep of systems. An important aspect of MAN SE's business model is its international orientation. With production sites in numerous countries and a global sales network, the company is present in markets worldwide. Innovation and technology also play a key role. MAN SE continuously invests in research and development to drive technological advancements and innovations. Some of the most famous products of MAN SE include the MAN TGX, a premium class truck, or the MAN Lion's City, a city bus. Additionally, the company offers numerous other vehicle models and propulsion technologies. In recent years, MAN SE has increasingly focused on the development of alternative propulsion technologies, such as the use of electric motors in buses or hydrogen-powered ship engines. Overall, MAN SE is a long-standing company with a wide range of products, facing significant challenges due to advancing digitization and increasingly stringent environmental regulations. However, MAN SE has demonstrated in recent years that it is willing to actively meet these challenges and position itself as an innovation leader in the industry.

MAN SWOT Analysis

Strengths

1. Established Reputation: MAN SE has a long-standing history and a strong reputation in the automotive industry, known for its high-quality commercial vehicles.

2. Wide Product Portfolio: The company offers a diverse range of trucks, buses, and diesel engines, catering to various customer needs and market segments.

3. Technological Expertise: MAN SE possesses advanced engineering capabilities and invests in research and development to stay at the forefront of innovation in the transportation sector.

Weaknesses

1. Dependence on European Market: MAN SE heavily relies on the European market, which exposes the company to economic fluctuations and regulatory changes specific to the region.

2. Relatively High Prices: Compared to some competitors, MAN SE's vehicles tend to have higher price points, which may make them less attractive to cost-conscious buyers.

3. Limited Electric Vehicle Offering: The company has been slower in developing electric vehicle models compared to some competitors, which could impact its market share as the demand for electric transportation rises.

Opportunities

1. Growing Electric Vehicle Market: MAN SE can capitalize on the increasing demand for electric vehicles by expanding its product line and investing in research and development of sustainable transportation solutions.

2. Emerging Markets: The company can explore opportunities in emerging markets, such as Asia and Latin America, where there is a rising demand for commercial vehicles to support infrastructural development.

3. Collaboration and Partnerships: MAN SE can strategically collaborate with technology companies and other vehicle manufacturers to leverage their expertise and accelerate innovation in areas such as autonomous driving and connectivity.

Threats

1. Intense Competition: The automotive industry is highly competitive, with numerous global players, and MAN SE faces the risk of losing market share to aggressive competitors.

2. Increasing Regulations: As governments push for stricter emission standards and environmental regulations, MAN SE needs to adapt quickly to meet the evolving compliance requirements, which could present challenges and additional costs.

3. Economic Uncertainty: Economic downturns or global crises can impact the demand for commercial vehicles, potentially affecting MAN SE's sales and revenue.

MAN Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MAN historical P/E ratio, EBIT multiple, and P/S ratio

MAN annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MAN shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2001
149 M base_Shares
Jan 1, 2002
147 M base_Shares
Jan 1, 2003
147 M base_Shares
Jan 1, 2004
147 M base_Shares
Jan 1, 2005
147 M base_Shares
Jan 1, 2006
147 M base_Shares
Jan 1, 2007
147 M base_Shares
Jan 1, 2008
147 M base_Shares
Jan 1, 2009
147 M base_Shares
Jan 1, 2010
147 M base_Shares
Jan 1, 2011
147 M base_Shares
Jan 1, 2012
147 M base_Shares
Jan 1, 2013
147 M base_Shares
Jan 1, 2014
147 M base_Shares
Jan 1, 2015
147 M base_Shares

MAN Dividend History

22 years of dividend payments

YearAnnual DividendYoY ChangePayments
20210.11EUR 0.0%
20200.11EUR 97.8%
20195.1EUR 151.2%
20182.03EUR 0.0%
20172.03EUR 0.0%
20162.03EUR 0.0%
20152.03EUR 298.0%
20140.51EUR 49.0%
20131EUR 56.5%
20122.3EUR 15.0%

MAN dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2001
49.34 %
Jan 1, 2002
65.33 %
Jan 1, 2003
38.85 %
Jan 1, 2004
35.8 %
Jan 1, 2005
33.41 %
Jan 1, 2006
21.62 %
Jan 1, 2007
18.13 %
Jan 1, 2008
37.55 %
Jan 1, 2009
-108.89 %
Jan 1, 2010
5.15 %
Jan 1, 2011
123.53 %
Jan 1, 2012
191.02 %
Jan 1, 2013
-28.05 %
Jan 1, 2014
29.63 %
Jan 1, 2015
214.68 %
Price targets and forecasts for MAN are not yet available.

MAN shareholder structure

% Name
90.77413%
Volkswagen Finance Luxemburg SA
Volkswagen Finance Luxemburg SA
0.1174%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.06727%
Ersel Asset Management SGR S.p.A.
Ersel Asset Management SGR S.p.A.
0.05194%
VM Vermögens-Management GmbH
VM Vermögens-Management GmbH
0.05193%
Vestcor Inc
Vestcor Inc
0.02414%
Signal Iduna Asset Management GmbH
Signal Iduna Asset Management GmbH
0.0136%
Alceda Fund Management S.A.
Alceda Fund Management S.A.
0.01046%
Greiff capital management AG
Greiff capital management AG
0.00884%
NFS Capital AG
NFS Capital AG
0.00823%
TBF Global Asset Management GmbH
TBF Global Asset Management GmbH

Frequently asked questions about MAN

The business model of MAN SE is focused on providing commercial vehicles and transportation solutions. As one of the leading manufacturers in the industry, MAN SE designs, produces, and distributes trucks, buses, and vans. The company's product portfolio includes a wide range of vehicles catering to various sectors such as long-haul transportation, construction, agriculture, and passenger transportation. Additionally, MAN SE offers a comprehensive range of aftersales services, including maintenance, spare parts, and financing solutions. Through strategic partnerships and technological advancements, MAN SE continues to innovate and shape the future of sustainable and efficient transportation.

All fundamentals and in-depth analysis of MAN

Our stock analysis for MAN Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MAN Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.