MANHATTAN ASSOCIATES INC (MANH) Stock Fundamental Analysis
NASDAQ:MANH - US5627501092 - Common Stock
214.87 USD
-1.39 (-0.64%)
214.87 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to MANH. MANH was compared to 282 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 quite expensive at the moment. It does show a decent growth rate. 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.
In the past 5 years MANH has always been profitable.
Each year in the past 5 years MANH had a positive operating cash flow.
1.2 Ratios
MANH's Return On Assets of 29.70% is amongst the best of the industry. MANH outperforms 97.87% of its industry peers.
MANH's Return On Equity of 79.34% is amongst the best of the industry. MANH outperforms 97.87% of its industry peers.
With an excellent Return On Invested Capital value of 65.54%, MANH belongs to the best of the industry, outperforming 99.65% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MANH is significantly above the industry average of 11.98%.
The last Return On Invested Capital (65.54%) for MANH is above the 3 year average (55.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.7% | ||
| ROE | 79.34% | ||
| ROIC | 65.54% |
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
The Profit Margin of MANH (20.91%) is better than 86.17% of its industry peers.
In the last couple of years the Profit Margin of MANH has grown nicely.
MANH has a better Operating Margin (25.43%) than 89.72% of its industry peers.
In the last couple of years the Operating Margin of MANH has grown nicely.
The Gross Margin of MANH (56.28%) is worse than 64.89% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.43% | ||
| PM (TTM) | 20.91% | ||
| GM | 56.28% |
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
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.
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
MANH has an Altman-Z score of 20.15. This indicates that MANH is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 20.15, MANH belongs to the best of the industry, outperforming 93.26% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 20.15 |
ROIC/WACC5.82
WACC11.26%
2.3 Liquidity
A Current Ratio of 1.19 indicates that MANH should not have too much problems paying its short term obligations.
MANH's Current ratio of 1.19 is on the low side compared to the rest of the industry. MANH is outperformed by 64.18% of its industry peers.
MANH has a Quick Ratio of 1.19. 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 worse Quick ratio (1.19) than 63.83% 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 | 1.19 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 17.02% 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
The Revenue has been growing slightly by 6.14% in the past year.
The Revenue has been growing by 11.02% on average over the past years. This is quite good.
EPS 1Y (TTM)17.02%
EPS 3Y28.48%
EPS 5Y22.14%
EPS Q2Q%11.02%
Revenue 1Y (TTM)6.14%
Revenue growth 3Y16.24%
Revenue growth 5Y11.02%
Sales Q2Q%2.68%
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 17.76% yearly.
Based on estimates for the next years, MANH will show a quite strong growth in Revenue. The Revenue will grow by 8.08% on average per year.
EPS Next Y3.7%
EPS Next 2Y6.28%
EPS Next 3Y10.13%
EPS Next 5Y17.76%
Revenue Next Year3.4%
Revenue Next 2Y5.02%
Revenue Next 3Y6.4%
Revenue Next 5Y8.08%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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
Based on the Price/Earnings ratio of 42.80, the valuation of MANH can be described as expensive.
MANH's Price/Earnings ratio is in line with the industry average.
MANH is valuated expensively when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
MANH is valuated quite expensively with a Price/Forward Earnings ratio of 40.22.
MANH's Price/Forward Earnings is on the same level as the industry average.
MANH's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.8 | ||
| Fwd PE | 40.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MANH is valued a bit cheaper than 63.48% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MANH is valued a bit cheaper than the industry average as 64.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.28 | ||
| EV/EBITDA | 46.64 |
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.
The excellent profitability rating of MANH may justify a higher PE ratio.
PEG (NY)11.58
PEG (5Y)1.93
EPS Next 2Y6.28%
EPS Next 3Y10.13%
5. Dividend
5.1 Amount
No dividends for MANH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
214.87
-1.39 (-0.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners101.52%
Inst Owner Change0.72%
Ins Owners1.23%
Ins Owner Change-3.09%
Market Cap12.99B
Analysts78.82
Price Target233.25 (8.55%)
Short Float %2.97%
Short Ratio2.84
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)13.8%
Min EPS beat(2)13.66%
Max EPS beat(2)13.93%
EPS beat(4)4
Avg EPS beat(4)15.06%
Min EPS beat(4)8.28%
Max EPS beat(4)24.36%
EPS beat(8)8
Avg EPS beat(8)19.75%
EPS beat(12)12
Avg EPS beat(12)22.74%
EPS beat(16)16
Avg EPS beat(16)23.8%
Revenue beat(2)2
Avg Revenue beat(2)0.85%
Min Revenue beat(2)0.44%
Max Revenue beat(2)1.26%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-0.93%
Max Revenue beat(4)1.26%
Revenue beat(8)6
Avg Revenue beat(8)1.49%
Revenue beat(12)10
Avg Revenue beat(12)2.96%
Revenue beat(16)14
Avg Revenue beat(16)3%
PT rev (1m)11.97%
PT rev (3m)12.17%
EPS NQ rev (1m)0.11%
EPS NQ rev (3m)-3.4%
EPS NY rev (1m)4.52%
EPS NY rev (3m)4.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.65%
Revenue NY rev (1m)1.2%
Revenue NY rev (3m)1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.8 | ||
| Fwd PE | 40.22 | ||
| P/S | 12.28 | ||
| P/FCF | 42.28 | ||
| P/OCF | 41.08 | ||
| P/B | 46.61 | ||
| P/tB | 60.01 | ||
| EV/EBITDA | 46.64 |
EPS(TTM)5.02
EY2.34%
EPS(NY)5.34
Fwd EY2.49%
FCF(TTM)5.08
FCFY2.37%
OCF(TTM)5.23
OCFY2.43%
SpS17.49
BVpS4.61
TBVpS3.58
PEG (NY)11.58
PEG (5Y)1.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.7% | ||
| ROE | 79.34% | ||
| ROCE | 79.69% | ||
| ROIC | 65.54% | ||
| ROICexc | 206.87% | ||
| ROICexgc | 495.06% | ||
| OM | 25.43% | ||
| PM (TTM) | 20.91% | ||
| GM | 56.28% | ||
| FCFM | 29.05% |
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%
ROICexcg growth 3YN/A
ROICexcg 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 Turnover1.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 139.79% | ||
| Cap/Sales | 0.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 114.85% | ||
| Profit Quality | 138.95% | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 20.15 |
F-Score7
WACC11.26%
ROIC/WACC5.82
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)17.02%
EPS 3Y28.48%
EPS 5Y22.14%
EPS Q2Q%11.02%
EPS Next Y3.7%
EPS Next 2Y6.28%
EPS Next 3Y10.13%
EPS Next 5Y17.76%
Revenue 1Y (TTM)6.14%
Revenue growth 3Y16.24%
Revenue growth 5Y11.02%
Sales Q2Q%2.68%
Revenue Next Year3.4%
Revenue Next 2Y5.02%
Revenue Next 3Y6.4%
Revenue Next 5Y8.08%
EBIT growth 1Y12.98%
EBIT growth 3Y24.89%
EBIT growth 5Y17.68%
EBIT Next Year8.29%
EBIT Next 3Y8.86%
EBIT Next 5Y11.24%
FCF growth 1Y63.2%
FCF growth 3Y16.48%
FCF growth 5Y16.8%
OCF growth 1Y62.71%
OCF growth 3Y16.79%
OCF growth 5Y14.96%