MANHATTAN ASSOCIATES INC (MANH) Stock Fundamental Analysis
USA - NASDAQ:MANH - US5627501092 - Common Stock
168.67 USD
-2.83 (-1.65%)
168.67 USD
0 (0%)
Taking everything into account, MANH scores 7 out of 10 in our fundamental rating. MANH was compared to 281 industry peers in the Software industry. MANH gets an excellent profitability rating and is at the same time showing great financial health properties. MANH has a decent growth rate and is not valued too expensively. With these ratings, MANH could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year MANH was profitable.
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
MANH has a Return On Assets of 28.10%. This is amongst the best in the industry. MANH outperforms 97.51% of its industry peers.
Looking at the Return On Equity, with a value of 69.86%, MANH belongs to the top of the industry, outperforming 98.22% of the companies in the same industry.
MANH's Return On Invested Capital of 61.70% is amongst the best of the industry. MANH outperforms 99.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MANH is significantly above the industry average of 12.04%.
The 3 year average ROIC (55.23%) for MANH is below the current ROIC(61.70%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 20.25%, MANH belongs to the top of the industry, outperforming 84.34% 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 25.91%, MANH belongs to the best of the industry, outperforming 90.04% of the companies in the same industry.
In the last couple of years the Operating Margin of MANH has grown nicely.
MANH's Gross Margin of 56.54% is on the low side compared to the rest of the industry. MANH is outperformed by 64.77% of its industry peers.
MANH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MANH 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.
MANH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 16.92 indicates that MANH is not in any danger for bankruptcy at the moment.
The Altman-Z score of MANH (16.92) is better than 93.95% 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 | 16.92 |
ROIC/WACC5.58
WACC11.05%
2.3 Liquidity
A Current Ratio of 1.31 indicates that MANH should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.31, MANH is in line with its industry, outperforming 41.28% of the companies in the same 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.
MANH has a Quick ratio (1.31) which is comparable to the rest of the industry.
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 | 1.31 | ||
| Quick Ratio | 1.31 |
3. Growth
3.1 Past
MANH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.59%, which is quite good.
MANH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.14% yearly.
Looking at the last year, MANH shows a small growth in Revenue. The Revenue has grown by 4.10% in the last year.
MANH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.02% yearly.
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
MANH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.35% yearly.
The Revenue is expected to grow by 7.70% on average over the next years.
EPS Next Y7.11%
EPS Next 2Y7.69%
EPS Next 3Y10.13%
EPS Next 5Y17.35%
Revenue Next Year3.58%
Revenue Next 2Y5.11%
Revenue Next 3Y6.4%
Revenue Next 5Y7.7%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 33.53 indicates a quite expensive valuation of MANH.
MANH's Price/Earnings ratio is a bit cheaper when compared to the industry. MANH is cheaper than 60.50% of the companies in the same industry.
When comparing the Price/Earnings ratio of MANH to the average of the S&P500 Index (25.07), we can say MANH is valued slightly more expensively.
MANH is valuated quite expensively with a Price/Forward Earnings ratio of 30.75.
The rest of the industry has a similar Price/Forward Earnings ratio as MANH.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.08, MANH is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.53 | ||
| Fwd PE | 30.75 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MANH indicates a somewhat cheap valuation: MANH is cheaper than 67.62% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MANH is valued a bit cheaper than 67.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.61 | ||
| EV/EBITDA | 35.74 |
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)4.72
PEG (5Y)1.51
EPS Next 2Y7.69%
EPS Next 3Y10.13%
5. Dividend
5.1 Amount
MANH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
168.67
-2.83 (-1.65%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners103.5%
Inst Owner Change1.54%
Ins Owners1.24%
Ins Owner Change-6.89%
Market Cap10.20B
Revenue(TTM)1.07B
Net Income(TTM)216.01M
Analysts81.05
Price Target230.9 (36.89%)
Short Float %3.23%
Short Ratio3.32
Dividend
| Industry Rank | Sector 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)-1.01%
PT rev (3m)-1.01%
EPS NQ rev (1m)-2.64%
EPS NQ rev (3m)-1.4%
EPS NY rev (1m)3.29%
EPS NY rev (3m)7.96%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.53 | ||
| Fwd PE | 30.75 | ||
| P/S | 9.56 | ||
| P/FCF | 30.61 | ||
| P/OCF | 29.38 | ||
| P/B | 32.98 | ||
| P/tB | 41.3 | ||
| EV/EBITDA | 35.74 |
EPS(TTM)5.03
EY2.98%
EPS(NY)5.49
Fwd EY3.25%
FCF(TTM)5.51
FCFY3.27%
OCF(TTM)5.74
OCFY3.4%
SpS17.64
BVpS5.11
TBVpS4.08
PEG (NY)4.72
PEG (5Y)1.51
Graham Number24.06
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 16.92 |
F-Score7
WACC11.05%
ROIC/WACC5.58
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 2Y7.69%
EPS Next 3Y10.13%
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 Year8.29%
EBIT Next 3Y8.86%
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 4 / 10 to MANHATTAN ASSOCIATES INC (MANH). This can be considered as Fairly Valued.
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 33.53 and the Price/Book (PB) ratio is 32.98.
Can you provide the financial health for MANH stock?
The financial health rating of MANHATTAN ASSOCIATES INC (MANH) is 9 / 10.