Manchester United Ltd (MUF) - Net Assets

Latest as of September 2025: €186.34 Million EUR ≈ $217.85 Million USD

Based on the latest financial reports, Manchester United Ltd (MUF) has net assets worth €186.34 Million EUR (≈ $217.85 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.73 Billion ≈ $2.02 Billion USD) and total liabilities (€1.54 Billion ≈ $1.80 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Manchester United Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€186.34 Million
% of Total Assets	10.79%
Annual Growth Rate	-8.24%
5-Year Change	-28.91%
10-Year Change	-57.73%
Growth Volatility	24.34

Manchester United Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Manchester United Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Manchester United Ltd assets under control for the complete picture of this company's asset base.

Annual Net Assets for Manchester United Ltd (2014–2025)

The table below shows the annual net assets of Manchester United Ltd from 2014 to 2025. For live valuation and market cap data, see Manchester United Ltd (MUF) total market value.

Year	Net Assets	Change
2025-06-30	€193.73 Million ≈ $226.49 Million	+33.71%
2024-06-30	€144.89 Million ≈ $169.39 Million	+39.38%
2023-06-30	€103.95 Million ≈ $121.53 Million	-18.48%
2022-06-30	€127.51 Million ≈ $149.07 Million	-53.21%
2021-06-30	€272.51 Million ≈ $318.60 Million	-22.41%
2020-06-30	€351.23 Million ≈ $410.63 Million	-15.41%
2019-06-30	€415.20 Million ≈ $485.41 Million	-2.37%
2018-06-30	€425.27 Million ≈ $497.18 Million	-10.96%
2017-06-30	€477.62 Million ≈ $558.38 Million	+4.22%
2016-06-30	€458.28 Million ≈ $535.78 Million	-4.11%
2015-06-30	€477.92 Million ≈ $558.74 Million	-4.16%
2014-06-30	€498.65 Million ≈ $582.97 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Manchester United Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 320.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Other Components	€535.35 Million	276.33%
Total Equity	€193.73 Million	100.00%

Manchester United Ltd Competitors by Market Cap

The table below lists competitors of Manchester United Ltd ranked by their market capitalization.

Company	Market Cap
Burke & Herbert Financial Services Corp. Common Stock NASDAQ:BHRB	$971.80 Million
Celebi Hava Servisi AS IS:CLEBI	$972.04 Million
LG Chem Ltd KO:051915	$972.05 Million
MA Financial Group Ltd AU:MAF	$972.06 Million
Nanjing Cosmos Chemical Co Ltd SHE:300856	$971.73 Million
Mega Lifesciences Public Company Limited BK:MEGA	$971.52 Million
Agesa Hayat ve Emeklilik AS IS:AGESA	$971.20 Million
Daheng New Epoch Technology Inc SHG:600288	$970.27 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Manchester United Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 144,890,000 to 193,733,000, a change of 48,843,000 (33.7%).
Net loss of 33,023,000 reduced equity.
New share issuances of 79,985,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€-33.02 Million	-17.05%
Share Issuances	€79.98 Million	+41.29%
Other Changes	€1.88 Million	+0.97%
Total Change	€-	33.71%

Book Value vs Market Value Analysis

This analysis compares Manchester United Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 13.18x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 5.09x to 13.18x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-06-30	€2.91	€14.82	x
2018-06-30	€2.58	€14.82	x
2019-06-30	€2.52	€14.82	x
2020-06-30	€2.16	€14.82	x
2021-06-30	€1.67	€14.82	x
2022-06-30	€0.78	€14.82	x
2023-06-30	€0.64	€14.82	x
2024-06-30	€0.86	€14.82	x
2025-06-30	€1.12	€14.82	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Manchester United Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -17.05%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.95%
• Asset Turnover: 0.41x
• Equity Multiplier: 8.45x
Recent ROE (-17.05%) is above the historical average (-19.77%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	4.78%	5.50%	0.36x	2.44x	€-26.03 Million
2015	-0.19%	-0.23%	0.30x	2.72x	€-48.69 Million
2016	7.94%	7.06%	0.35x	3.17x	€-9.46 Million
2017	8.20%	6.74%	0.38x	3.21x	€-8.58 Million
2018	-8.76%	-6.32%	0.38x	3.64x	€-79.80 Million
2019	4.55%	3.01%	0.42x	3.60x	€-22.64 Million
2020	-6.61%	-4.56%	0.37x	3.94x	€-58.36 Million
2021	-33.84%	-18.66%	0.39x	4.62x	€-119.47 Million
2022	-90.59%	-19.81%	0.45x	10.15x	€-128.26 Million
2023	-27.59%	-4.42%	0.49x	12.68x	€-39.07 Million
2024	-78.10%	-17.10%	0.49x	9.28x	€-127.65 Million
2025	-17.05%	-4.95%	0.41x	8.45x	€-52.40 Million

Industry Comparison

This section compares Manchester United Ltd's net assets metrics with peer companies in the Entertainment industry.

Industry Context

Industry: Entertainment
Average net assets among peers: $1,296,055,564
Average return on equity (ROE) among peers: 18.82%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Manchester United Ltd (MUF)	€186.34 Million	4.78%	8.27x	$971.76 Million
IMMOTION GRP LS-0004010 (6XK)	$10.30 Million	126.00%	0.07x	$253.73K
LINMON MEDIA LTD -000025 (8MN)	$2.57 Billion	8.30%	0.39x	$109.52 Million
Borussia Dortmund GmbH & Co KGaA (BVB)	$148.50 Million	2.19%	0.62x	$339.41 Million
Cliq Digital AG (CLIQ)	$40.75 Million	3.32%	0.53x	$18.28 Million
Cliq Digital AG (CLIQ)	$2.59 Million	21.16%	1.84x	$13.46 Million
Edel SE & Co. KGaA (EDL)	$29.30 Million	10.32%	3.08x	$110.59 Million
CTS Eventim AG & Co. KGaA (EVD)	$179.86 Million	25.55%	2.97x	$5.04 Billion
Omiris AG (HBD1)	$253.38K	-30.40%	0.14x	$167.69 Million
Highlight Communications AG (HLG)	$197.69 Million	12.73%	2.41x	$62.76 Million
HUYA Inc (HY5A)	$9.78 Billion	9.04%	0.27x	$217.69 Million

About Manchester United Ltd

F:MUF Germany Entertainment

Market Cap

$971.76 Million

€831.20 Million EUR

Market Cap Rank

#9235 Global

#1151 in Germany

Share Price

€14.82

Change (1 day)

+0.07%

52-Week Range

€11.70 - €16.39

All Time High

€27.55