MANHATTAN ASSOCIATES INC (MANH) Fundamental Analysis & Valuation

NASDAQ:MANH • US5627501092

Current stock price

127.4 USD
-4.8 (-3.63%)
At close:
127.4 USD
0 (0%)
After Hours:

This MANH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. MANH Profitability Analysis

1.1 Basic Checks

  • In the past year MANH was profitable.
  • In the past year MANH had a positive cash flow from operations.
  • Each year in the past 5 years MANH has been profitable.
  • In the past 5 years MANH always reported a positive cash flow from operatings.
MANH Yearly Net Income VS EBIT VS OCF VS FCFMANH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

  • MANH has a better Return On Assets (26.20%) than 98.56% of its industry peers.
  • MANH's Return On Equity of 69.88% is amongst the best of the industry. MANH outperforms 97.84% of its industry peers.
  • MANH has a Return On Invested Capital of 58.53%. This is amongst the best in the industry. MANH outperforms 98.92% of its industry peers.
  • MANH had an Average Return On Invested Capital over the past 3 years of 56.95%. This is significantly above the industry average of 10.92%.
  • The 3 year average ROIC (56.95%) for MANH is below the current ROIC(58.53%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 26.2%
ROE 69.88%
ROIC 58.53%
ROA(3y)27.08%
ROA(5y)24.87%
ROE(3y)68.78%
ROE(5y)61.46%
ROIC(3y)56.95%
ROIC(5y)51.03%
MANH Yearly ROA, ROE, ROICMANH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • MANH has a Profit Margin of 20.34%. This is amongst the best in the industry. MANH outperforms 87.41% of its industry peers.
  • In the last couple of years the Profit Margin of MANH has grown nicely.
  • With an excellent Operating Margin value of 26.15%, MANH belongs to the best of the industry, outperforming 91.37% of the companies in the same industry.
  • MANH's Operating Margin has improved in the last couple of years.
  • The Gross Margin of MANH (56.32%) is worse than 64.03% of its industry peers.
  • MANH's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 26.15%
PM (TTM) 20.34%
GM 56.32%
OM growth 3Y9.51%
OM growth 5Y6.09%
PM growth 3Y6.54%
PM growth 5Y6.46%
GM growth 3Y1.86%
GM growth 5Y0.86%
MANH Yearly Profit, Operating, Gross MarginsMANH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. MANH Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MANH is creating value.
  • MANH has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MANH has been reduced compared to 5 years ago.
  • MANH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MANH Yearly Shares OutstandingMANH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MANH Yearly Total Debt VS Total AssetsMANH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 12.21 indicates that MANH is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of MANH (12.21) is better than 94.24% of its industry peers.
  • MANH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 12.21
ROIC/WACC5.32
WACC11%
MANH Yearly LT Debt VS Equity VS FCFMANH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.28 indicates that MANH should not have too much problems paying its short term obligations.
  • MANH has a Current ratio of 1.28. This is in the lower half of the industry: MANH underperforms 61.87% of its industry peers.
  • A Quick Ratio of 1.28 indicates that MANH should not have too much problems paying its short term obligations.
  • MANH has a worse Quick ratio (1.28) than 60.79% of its industry peers.
  • MANH does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
MANH Yearly Current Assets VS Current LiabilitesMANH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MANH Growth Analysis

3.1 Past

  • MANH shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.19%.
  • Measured over the past years, MANH shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.57% on average per year.
  • MANH shows a small growth in Revenue. In the last year, the Revenue has grown by 3.75%.
  • Measured over the past years, MANH shows a quite strong growth in Revenue. The Revenue has been growing by 13.02% on average per year.
EPS 1Y (TTM)7.19%
EPS 3Y22.47%
EPS 5Y23.57%
EPS Q2Q%3.42%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y12.13%
Revenue growth 5Y13.02%
Sales Q2Q%5.7%

3.2 Future

  • The Earnings Per Share is expected to grow by 18.98% on average over the next years. This is quite good.
  • Based on estimates for the next years, MANH will show a quite strong growth in Revenue. The Revenue will grow by 8.85% on average per year.
EPS Next Y4.92%
EPS Next 2Y8.76%
EPS Next 3Y9.79%
EPS Next 5Y18.98%
Revenue Next Year6.47%
Revenue Next 2Y7.63%
Revenue Next 3Y8.02%
Revenue Next 5Y8.85%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MANH Yearly Revenue VS EstimatesMANH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
MANH Yearly EPS VS EstimatesMANH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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Find the best growth stocksShow best growing peers

4

4. MANH Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 25.13, the valuation of MANH can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of MANH is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, MANH is valued at the same level.
  • MANH is valuated rather expensively with a Price/Forward Earnings ratio of 23.95.
  • The rest of the industry has a similar Price/Forward Earnings ratio as MANH.
  • When comparing the Price/Forward Earnings ratio of MANH to the average of the S&P500 Index (22.19), we can say MANH is valued inline with the index average.
Industry RankSector Rank
PE 25.13
Fwd PE 23.95
MANH Price Earnings VS Forward Price EarningsMANH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 68.70% of the companies in the same industry are more expensive than MANH, based on the Enterprise Value to EBITDA ratio.
  • 69.78% of the companies in the same industry are more expensive than MANH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 20.39
EV/EBITDA 26.24
MANH Per share dataMANH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MANH does not grow enough to justify the current Price/Earnings ratio.
  • MANH has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.11
PEG (5Y)1.07
EPS Next 2Y8.76%
EPS Next 3Y9.79%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. MANH Dividend Analysis

5.1 Amount

  • MANH does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

MANH Fundamentals: All Metrics, Ratios and Statistics

MANHATTAN ASSOCIATES INC

NASDAQ:MANH (3/27/2026, 8:00:00 PM)

After market: 127.4 0 (0%)

127.4

-4.8 (-3.63%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-27
Earnings (Next)04-20
Inst Owners105.66%
Inst Owner Change-2.41%
Ins Owners1.18%
Ins Owner Change-1.47%
Market Cap7.62B
Revenue(TTM)1.08B
Net Income(TTM)219.95M
Analysts83.16
Price Target217.1 (70.41%)
Short Float %4.25%
Short Ratio2.91
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.54%
Min EPS beat(2)5.72%
Max EPS beat(2)13.36%
EPS beat(4)4
Avg EPS beat(4)11.67%
Min EPS beat(4)5.72%
Max EPS beat(4)13.93%
EPS beat(8)8
Avg EPS beat(8)14.56%
EPS beat(12)12
Avg EPS beat(12)18.24%
EPS beat(16)16
Avg EPS beat(16)21.82%
Revenue beat(2)0
Avg Revenue beat(2)-0.34%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)-0.17%
Revenue beat(4)2
Avg Revenue beat(4)0.26%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)1.26%
Revenue beat(8)4
Avg Revenue beat(8)0.46%
Revenue beat(12)8
Avg Revenue beat(12)1.99%
Revenue beat(16)12
Avg Revenue beat(16)2.69%
PT rev (1m)-2.09%
PT rev (3m)-5.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.17%
Valuation
Industry RankSector Rank
PE 25.13
Fwd PE 23.95
P/S 7.05
P/FCF 20.39
P/OCF 19.58
P/B 24.22
P/tB 30.2
EV/EBITDA 26.24
EPS(TTM)5.07
EY3.98%
EPS(NY)5.32
Fwd EY4.18%
FCF(TTM)6.25
FCFY4.91%
OCF(TTM)6.51
OCFY5.11%
SpS18.07
BVpS5.26
TBVpS4.22
PEG (NY)5.11
PEG (5Y)1.07
Graham Number24.49
Profitability
Industry RankSector Rank
ROA 26.2%
ROE 69.88%
ROCE 73.73%
ROIC 58.53%
ROICexc 410.13%
ROICexgc N/A
OM 26.15%
PM (TTM) 20.34%
GM 56.32%
FCFM 34.59%
ROA(3y)27.08%
ROA(5y)24.87%
ROE(3y)68.78%
ROE(5y)61.46%
ROIC(3y)56.95%
ROIC(5y)51.03%
ROICexc(3y)364.11%
ROICexc(5y)380.76%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)71.74%
ROCE(5y)64.28%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-0.52%
ROICexc growth 5Y23.6%
OM growth 3Y9.51%
OM growth 5Y6.09%
PM growth 3Y6.54%
PM growth 5Y6.46%
GM growth 3Y1.86%
GM growth 5Y0.86%
F-Score7
Asset Turnover1.29
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 244.69%
Cap/Sales 1.43%
Interest Coverage 250
Cash Conversion 134.74%
Profit Quality 170.05%
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z 12.21
F-Score7
WACC11%
ROIC/WACC5.32
Cap/Depr(3y)154.87%
Cap/Depr(5y)122.75%
Cap/Sales(3y)0.92%
Cap/Sales(5y)0.85%
Profit Quality(3y)145.98%
Profit Quality(5y)147.21%
High Growth Momentum
Growth
EPS 1Y (TTM)7.19%
EPS 3Y22.47%
EPS 5Y23.57%
EPS Q2Q%3.42%
EPS Next Y4.92%
EPS Next 2Y8.76%
EPS Next 3Y9.79%
EPS Next 5Y18.98%
Revenue 1Y (TTM)3.75%
Revenue growth 3Y12.13%
Revenue growth 5Y13.02%
Sales Q2Q%5.7%
Revenue Next Year6.47%
Revenue Next 2Y7.63%
Revenue Next 3Y8.02%
Revenue Next 5Y8.85%
EBIT growth 1Y8.08%
EBIT growth 3Y22.8%
EBIT growth 5Y19.9%
EBIT Next Year8.14%
EBIT Next 3Y9.69%
EBIT Next 5Y13.03%
FCF growth 1Y30.62%
FCF growth 3Y29.3%
FCF growth 5Y22.03%
OCF growth 1Y32.02%
OCF growth 3Y29.44%
OCF growth 5Y22.55%

MANHATTAN ASSOCIATES INC / MANH Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MANHATTAN ASSOCIATES INC?

ChartMill assigns a fundamental rating of 7 / 10 to MANH.


What is the valuation status for MANH stock?

ChartMill assigns a valuation rating of 4 / 10 to MANHATTAN ASSOCIATES INC (MANH). This can be considered as Fairly Valued.


How profitable is MANHATTAN ASSOCIATES INC (MANH) stock?

MANHATTAN ASSOCIATES INC (MANH) has a profitability rating of 9 / 10.


How financially healthy is MANHATTAN ASSOCIATES INC?

The financial health rating of MANHATTAN ASSOCIATES INC (MANH) is 9 / 10.


What is the expected EPS growth for MANHATTAN ASSOCIATES INC (MANH) stock?

The Earnings per Share (EPS) of MANHATTAN ASSOCIATES INC (MANH) is expected to grow by 4.92% in the next year.