MANHATTAN ASSOCIATES INC (MANH)
US5627501092 - Common Stock
MANH gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 277 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 is valued quite expensively, but it does show have an excellent growth rating. These ratings would make MANH suitable for growth and quality investing!
1. Profitability
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.
MANH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MANH (28.39%) is better than 98.91% of its industry peers.
Looking at the Return On Equity, with a value of 79.94%, MANH belongs to the top of the industry, outperforming 98.54% of the companies in the same industry.
MANH has a better Return On Invested Capital (59.76%) than 99.64% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MANH is significantly above the industry average of 10.38%.
The last Return On Invested Capital (59.76%) for MANH is above the 3 year average (47.73%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.39% | ||
| ROE | 79.94% | ||
| ROIC | 59.76% |
ROA(3y)23.11%
ROA(5y)22.22%
ROE(3y)54.81%
ROE(5y)52.91%
ROIC(3y)47.73%
ROIC(5y)45.59%
1.3 Margins
MANH has a better Profit Margin (19.91%) than 89.05% of its industry peers.
In the last couple of years the Profit Margin of MANH has remained more or less at the same level.
With an excellent Operating Margin value of 22.91%, MANH belongs to the best of the industry, outperforming 92.34% of the companies in the same industry.
MANH's Operating Margin has been stable in the last couple of years.
The Gross Margin of MANH (53.63%) is worse than 64.60% of its industry peers.
MANH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.91% | ||
| PM (TTM) | 19.91% | ||
| GM | 53.63% |
OM growth 3Y5.12%
OM growth 5Y-1.15%
PM growth 3Y8.53%
PM growth 5Y0.31%
GM growth 3Y-0.21%
GM growth 5Y-1.18%
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
Compared to 5 years ago, MANH has less shares outstanding
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 21.63 indicates that MANH is not in any danger for bankruptcy at the moment.
MANH has a better Altman-Z score (21.63) than 96.35% 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 | 21.63 |
ROIC/WACC5.96
WACC10.02%
2.3 Liquidity
MANH has a Current Ratio of 1.20. This is a normal value and indicates that MANH is financially healthy and should not expect problems in meeting its short term obligations.
MANH's Current ratio of 1.20 is on the low side compared to the rest of the industry. MANH is outperformed by 68.61% of its industry peers.
A Quick Ratio of 1.20 indicates that MANH should not have too much problems paying its short term obligations.
MANH's Quick ratio of 1.20 is on the low side compared to the rest of the industry. MANH is outperformed by 66.06% 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 | 1.2 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.80% over the past year.
Measured over the past years, MANH shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.00% on average per year.
MANH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.92%.
Measured over the past years, MANH shows a quite strong growth in Revenue. The Revenue has been growing by 10.68% on average per year.
EPS 1Y (TTM)34.8%
EPS 3Y28.79%
EPS 5Y16%
EPS growth Q2Q28.75%
Revenue 1Y (TTM)18.92%
Revenue growth 3Y16.56%
Revenue growth 5Y10.68%
Revenue growth Q2Q15.18%
3.2 Future
Based on estimates for the next years, MANH will show a very strong growth in Earnings Per Share. The EPS will grow by 22.41% on average per year.
MANH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.22% yearly.
EPS Next Y2.41%
EPS Next 2Y8.87%
EPS Next 3Y16.28%
EPS Next 5Y22.41%
Revenue Next Year11.87%
Revenue Next 2Y11.74%
Revenue Next 3Y11.57%
Revenue Next 5Y12.22%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 54.81, which means the current valuation is very expensive for MANH.
63.14% of the companies in the same industry are more expensive than MANH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.31, MANH is valued quite expensively.
The Price/Forward Earnings ratio is 49.07, which means the current valuation is very expensive for MANH.
MANH's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.48, MANH is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.81 | ||
| Fwd PE | 49.07 |
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 67.15% of the companies listed in the same industry.
MANH's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.07 | ||
| EV/EBITDA | 58.23 |
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.
MANH's earnings are expected to grow with 16.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)22.71
PEG (5Y)3.42
EPS Next 2Y8.87%
EPS Next 3Y16.28%
5. Dividend
5.1 Amount
No dividends for MANH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MANHATTAN ASSOCIATES INC
NASDAQ:MANH (5/10/2024, 1:05:51 PM)
218.675
+1.45 (+0.67%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap13.46B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.81 | ||
| Fwd PE | 49.07 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)22.71
PEG (5Y)3.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.39% | ||
| ROE | 79.94% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.91% | ||
| PM (TTM) | 19.91% | ||
| GM | 53.63% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)34.8%
EPS 3Y28.79%
EPS 5Y
EPS growth Q2Q
EPS Next Y2.41%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.92%
Revenue growth 3Y16.56%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y