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MANHATTAN ASSOCIATES INC (MANH) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:MANH - US5627501092 - Common Stock

172.93 USD
-1.94 (-1.11%)
Last: 12/11/2025, 1:33:09 PM
Fundamental Rating

7

Overall MANH gets a fundamental rating of 7 out of 10. We evaluated MANH against 280 industry peers in the Software industry. Both the health and profitability get an excellent rating, making MANH a very profitable company, without any liquidiy or solvency issues. MANH is valied quite expensively at the moment, while it does show a decent growth rate. This makes MANH very considerable for quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

MANH had positive earnings in the past year.
In the past year MANH had a positive cash flow from operations.
In the past 5 years MANH has always been profitable.
MANH had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

1.2 Ratios

MANH's Return On Assets of 28.10% is amongst the best of the industry. MANH outperforms 97.50% of its industry peers.
MANH has a Return On Equity of 69.86%. This is amongst the best in the industry. MANH outperforms 97.86% of its industry peers.
MANH has a Return On Invested Capital of 61.70%. This is amongst the best in the industry. MANH outperforms 99.64% of its industry peers.
MANH had an Average Return On Invested Capital over the past 3 years of 55.23%. This is significantly above the industry average of 10.98%.
The 3 year average ROIC (55.23%) for MANH is below the current ROIC(61.70%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 28.1%
ROE 69.86%
ROIC 61.7%
ROA(3y)25.89%
ROA(5y)23.38%
ROE(3y)64.44%
ROE(5y)55.45%
ROIC(3y)55.23%
ROIC(5y)47.73%
MANH Yearly ROA, ROE, ROICMANH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

1.3 Margins

With an excellent Profit Margin value of 20.25%, MANH belongs to the best of the industry, outperforming 84.64% of the companies in the same industry.
In the last couple of years the Profit Margin of MANH has grown nicely.
MANH's Operating Margin of 25.91% is amongst the best of the industry. MANH outperforms 90.36% of its industry peers.
MANH's Operating Margin has improved in the last couple of years.
MANH's Gross Margin of 56.54% is on the low side compared to the rest of the industry. MANH is outperformed by 64.29% of its industry peers.
In the last couple of years the Gross Margin of MANH has remained more or less at the same level.
Industry RankSector Rank
OM 25.91%
PM (TTM) 20.25%
GM 56.54%
OM growth 3Y7.44%
OM growth 5Y6%
PM growth 3Y7.95%
PM growth 5Y8.57%
GM growth 3Y-0.19%
GM growth 5Y0.34%
MANH Yearly Profit, Operating, Gross MarginsMANH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

9

2. Health

2.1 Basic Checks

MANH has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, MANH has less shares outstanding
The number of shares outstanding for MANH has been reduced compared to 5 years ago.
There is no outstanding debt for MANH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MANH Yearly Shares OutstandingMANH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
MANH Yearly Total Debt VS Total AssetsMANH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

MANH has an Altman-Z score of 17.14. This indicates that MANH is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 17.14, MANH belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
There is no outstanding debt for MANH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 17.14
ROIC/WACC5.62
WACC10.97%
MANH Yearly LT Debt VS Equity VS FCFMANH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.3 Liquidity

A Current Ratio of 1.31 indicates that MANH should not have too much problems paying its short term obligations.
The Current ratio of MANH (1.31) is comparable to the rest of the industry.
MANH has a Quick Ratio of 1.31. This is a normal value and indicates that MANH is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MANH (1.31) is comparable to the rest of the industry.
The current and quick ratio evaluation for MANH is rather negative, while it does have 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 1.31
Quick Ratio 1.31
MANH Yearly Current Assets VS Current LiabilitesMANH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.59% over the past year.
The Earnings Per Share has been growing by 22.14% on average over the past years. This is a very strong growth
MANH shows a small growth in Revenue. In the last year, the Revenue has grown by 4.10%.
The Revenue has been growing by 11.02% on average over the past years. This is quite good.
EPS 1Y (TTM)9.59%
EPS 3Y28.48%
EPS 5Y22.14%
EPS Q2Q%0.74%
Revenue 1Y (TTM)4.1%
Revenue growth 3Y16.24%
Revenue growth 5Y11.02%
Sales Q2Q%3.42%

3.2 Future

The Earnings Per Share is expected to grow by 17.35% on average over the next years. This is quite good.
MANH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.70% yearly.
EPS Next Y7.11%
EPS Next 2Y7.51%
EPS Next 3Y10%
EPS Next 5Y17.35%
Revenue Next Year3.58%
Revenue Next 2Y5.11%
Revenue Next 3Y6.4%
Revenue Next 5Y7.7%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MANH Yearly Revenue VS EstimatesMANH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B 2B
MANH Yearly EPS VS EstimatesMANH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5 10 15

3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 34.38 indicates a quite expensive valuation of MANH.
Based on the Price/Earnings ratio, MANH is valued a bit cheaper than 60.36% of the companies in the same industry.
MANH's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.59.
Based on the Price/Forward Earnings ratio of 31.63, the valuation of MANH can be described as expensive.
MANH's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of MANH to the average of the S&P500 Index (23.80), we can say MANH is valued slightly more expensively.
Industry RankSector Rank
PE 34.38
Fwd PE 31.63
MANH Price Earnings VS Forward Price EarningsMANH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MANH is valued a bit cheaper than the industry average as 66.79% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MANH is valued a bit cheaper than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 31.28
EV/EBITDA 36.33
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 an expensive valuation of the company.
The excellent profitability rating of MANH may justify a higher PE ratio.
PEG (NY)4.83
PEG (5Y)1.55
EPS Next 2Y7.51%
EPS Next 3Y10%

0

5. Dividend

5.1 Amount

MANH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

MANHATTAN ASSOCIATES INC

NASDAQ:MANH (12/11/2025, 1:33:09 PM)

172.93

-1.94 (-1.11%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-21 2025-10-21/amc
Earnings (Next)01-26 2026-01-26/amc
Inst Owners104.28%
Inst Owner Change2.02%
Ins Owners1.21%
Ins Owner Change-5.64%
Market Cap10.42B
Revenue(TTM)1.07B
Net Income(TTM)216.01M
Analysts81.05
Price Target230.44 (33.26%)
Short Float %3.33%
Short Ratio3.69
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)13.65%
Min EPS beat(2)13.36%
Max EPS beat(2)13.93%
EPS beat(4)4
Avg EPS beat(4)12.31%
Min EPS beat(4)8.28%
Max EPS beat(4)13.93%
EPS beat(8)8
Avg EPS beat(8)17.09%
EPS beat(12)12
Avg EPS beat(12)22.76%
EPS beat(16)16
Avg EPS beat(16)22.85%
Revenue beat(2)1
Avg Revenue beat(2)0.38%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)1.26%
Revenue beat(4)2
Avg Revenue beat(4)0.07%
Min Revenue beat(4)-0.93%
Max Revenue beat(4)1.26%
Revenue beat(8)5
Avg Revenue beat(8)1.01%
Revenue beat(12)9
Avg Revenue beat(12)2.52%
Revenue beat(16)13
Avg Revenue beat(16)2.9%
PT rev (1m)-0.2%
PT rev (3m)-1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.4%
EPS NY rev (1m)0%
EPS NY rev (3m)3.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE 34.38
Fwd PE 31.63
P/S 9.77
P/FCF 31.28
P/OCF 30.02
P/B 33.7
P/tB 42.19
EV/EBITDA 36.33
EPS(TTM)5.03
EY2.91%
EPS(NY)5.47
Fwd EY3.16%
FCF(TTM)5.53
FCFY3.2%
OCF(TTM)5.76
OCFY3.33%
SpS17.7
BVpS5.13
TBVpS4.1
PEG (NY)4.83
PEG (5Y)1.55
Graham Number24.1
Profitability
Industry RankSector Rank
ROA 28.1%
ROE 69.86%
ROCE 75.03%
ROIC 61.7%
ROICexc 216.78%
ROICexgc 533.41%
OM 25.91%
PM (TTM) 20.25%
GM 56.54%
FCFM 31.23%
ROA(3y)25.89%
ROA(5y)23.38%
ROE(3y)64.44%
ROE(5y)55.45%
ROIC(3y)55.23%
ROIC(5y)47.73%
ROICexc(3y)379.42%
ROICexc(5y)338.92%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)67.16%
ROCE(5y)58.04%
ROICexgc growth 3YN/A
ROICexgc growth 5Y6.89%
ROICexc growth 3Y-16.71%
ROICexc growth 5Y14.68%
OM growth 3Y7.44%
OM growth 5Y6%
PM growth 3Y7.95%
PM growth 5Y8.57%
GM growth 3Y-0.19%
GM growth 5Y0.34%
F-Score7
Asset Turnover1.39
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 217.07%
Cap/Sales 1.31%
Interest Coverage 250
Cash Conversion 122.73%
Profit Quality 154.25%
Current Ratio 1.31
Quick Ratio 1.31
Altman-Z 17.14
F-Score7
WACC10.97%
ROIC/WACC5.62
Cap/Depr(3y)106.14%
Cap/Depr(5y)79.88%
Cap/Sales(3y)0.73%
Cap/Sales(5y)0.65%
Profit Quality(3y)134%
Profit Quality(5y)144.89%
High Growth Momentum
Growth
EPS 1Y (TTM)9.59%
EPS 3Y28.48%
EPS 5Y22.14%
EPS Q2Q%0.74%
EPS Next Y7.11%
EPS Next 2Y7.51%
EPS Next 3Y10%
EPS Next 5Y17.35%
Revenue 1Y (TTM)4.1%
Revenue growth 3Y16.24%
Revenue growth 5Y11.02%
Sales Q2Q%3.42%
Revenue Next Year3.58%
Revenue Next 2Y5.11%
Revenue Next 3Y6.4%
Revenue Next 5Y7.7%
EBIT growth 1Y6.41%
EBIT growth 3Y24.89%
EBIT growth 5Y17.68%
EBIT Next Year10.56%
EBIT Next 3Y9.47%
EBIT Next 5Y11.24%
FCF growth 1Y60.27%
FCF growth 3Y16.48%
FCF growth 5Y16.8%
OCF growth 1Y62.89%
OCF growth 3Y16.79%
OCF growth 5Y14.96%

MANHATTAN ASSOCIATES INC / MANH 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 of MANHATTAN ASSOCIATES INC (MANH) stock?

ChartMill assigns a valuation rating of 3 / 10 to MANHATTAN ASSOCIATES INC (MANH). This can be considered as Overvalued.


Can you provide the profitability details for MANHATTAN ASSOCIATES INC?

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


Can you provide the PE and PB ratios for MANH stock?

The Price/Earnings (PE) ratio for MANHATTAN ASSOCIATES INC (MANH) is 34.38 and the Price/Book (PB) ratio is 33.7.


Can you provide the financial health for MANH stock?

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