MANHATTAN ASSOCIATES INC (MANH) Fundamental Analysis & Valuation
NASDAQ:MANH • US5627501092
147.79 USD
+4.25 (+2.96%)
Last: Mar 5, 2026, 01:19 PM
This MANH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 7 out of 10 to MANH. MANH was compared to 276 industry peers in the Software industry. MANH has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MANH has a decent growth rate and is not valued too expensively. These ratings would make MANH suitable for quality investing!
1. MANH Profitability Analysis
1.1 Basic Checks
- MANH had positive earnings in the past year.
- MANH had a positive operating cash flow in the past year.
- MANH had positive earnings in each of the past 5 years.
- In the past 5 years MANH always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 26.20%, MANH belongs to the best of the industry, outperforming 98.19% of the companies in the same industry.
- MANH has a Return On Equity of 69.88%. This is amongst the best in the industry. MANH outperforms 97.46% of its industry peers.
- MANH has a Return On Invested Capital of 58.53%. This is amongst the best in the industry. MANH outperforms 98.91% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MANH is significantly above the industry average of 10.80%.
- The last Return On Invested Capital (58.53%) for MANH is above the 3 year average (56.95%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 20.34%, MANH belongs to the top of the industry, outperforming 86.23% of the companies in the same industry.
- MANH's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 26.15%, MANH belongs to the best of the industry, outperforming 91.30% of the companies in the same industry.
- In the last couple of years the Operating Margin of MANH has grown nicely.
- The Gross Margin of MANH (56.32%) is worse than 64.86% of its industry peers.
- MANH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. MANH Health Analysis
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.
- The number of shares outstanding for MANH has been reduced compared to 1 year ago.
- MANH has less shares outstanding than it did 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.
2.2 Solvency
- MANH has an Altman-Z score of 12.98. This indicates that MANH is financially healthy and has little risk of bankruptcy at the moment.
- MANH has a Altman-Z score of 12.98. This is amongst the best in the industry. MANH outperforms 94.20% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 12.98 |
ROIC/WACC5.34
WACC10.96%
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 worse Current ratio (1.28) than 62.68% of its industry peers.
- A Quick Ratio of 1.28 indicates that MANH should not have too much problems paying its short term obligations.
- The Quick ratio of MANH (1.28) is worse than 61.59% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 |
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.
- Looking at the last year, MANH shows a small growth in Revenue. The Revenue has grown by 3.75% in the last year.
- 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
- MANH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.98% yearly.
- MANH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.85% yearly.
EPS Next Y4.92%
EPS Next 2Y8.89%
EPS Next 3Y10.37%
EPS Next 5Y18.98%
Revenue Next Year6.47%
Revenue Next 2Y7.63%
Revenue Next 3Y8.05%
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.
4. MANH Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 29.15 indicates a quite expensive valuation of MANH.
- Based on the Price/Earnings ratio, MANH is valued a bit cheaper than the industry average as 61.59% of the companies are valued more expensively.
- MANH's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.03.
- With a Price/Forward Earnings ratio of 27.78, MANH can be considered very expensive at the moment.
- MANH's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of MANH to the average of the S&P500 Index (25.11), we can say MANH is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.15 | ||
| Fwd PE | 27.78 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MANH is valued a bit cheaper than 68.84% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MANH indicates a somewhat cheap valuation: MANH is cheaper than 69.20% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.65 | ||
| EV/EBITDA | 28.58 |
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)5.93
PEG (5Y)1.24
EPS Next 2Y8.89%
EPS Next 3Y10.37%
5. MANH Dividend Analysis
5.1 Amount
- MANH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MANH Fundamentals: All Metrics, Ratios and Statistics
NASDAQ:MANH (3/5/2026, 1:19:17 PM)
147.79
+4.25 (+2.96%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-27 2026-01-27/amc
Earnings (Next)04-20 2026-04-20
Inst Owners104.35%
Inst Owner Change-2.41%
Ins Owners1.2%
Ins Owner Change-0.72%
Market Cap8.85B
Revenue(TTM)1.08B
Net Income(TTM)219.95M
Analysts83.16
Price Target217.19 (46.96%)
Short Float %5.12%
Short Ratio3.68
Dividend
| Industry Rank | Sector 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)-2.79%
PT rev (3m)-5.75%
EPS NQ rev (1m)-4.34%
EPS NQ rev (3m)-10.06%
EPS NY rev (1m)-1.63%
EPS NY rev (3m)-3.03%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.15 | ||
| Fwd PE | 27.78 | ||
| P/S | 8.18 | ||
| P/FCF | 23.65 | ||
| P/OCF | 22.71 | ||
| P/B | 28.1 | ||
| P/tB | 35.03 | ||
| EV/EBITDA | 28.58 |
EPS(TTM)5.07
EY3.43%
EPS(NY)5.32
Fwd EY3.6%
FCF(TTM)6.25
FCFY4.23%
OCF(TTM)6.51
OCFY4.4%
SpS18.07
BVpS5.26
TBVpS4.22
PEG (NY)5.93
PEG (5Y)1.24
Graham Number24.49
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 12.98 |
F-Score7
WACC10.96%
ROIC/WACC5.34
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 2Y8.89%
EPS Next 3Y10.37%
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 3Y8.05%
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 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.