MANHATTAN ASSOCIATES INC (MANH) Stock Fundamental Analysis
USA - NASDAQ:MANH - US5627501092 - Common Stock
178.23 USD
+0.81 (+0.46%)
178.23 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. Both the health and profitability get an excellent rating, making MANH a very profitable company, without any liquidiy or solvency issues. MANH has a correct valuation and a medium growth rate. These ratings would make MANH suitable for 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.
In the past 5 years MANH always reported a positive cash flow from operatings.
1.2 Ratios
MANH has a better Return On Assets (28.10%) than 97.51% of its industry peers.
The Return On Equity of MANH (69.86%) is better than 98.22% of its industry peers.
With an excellent Return On Invested Capital value of 61.70%, MANH belongs to the best of the industry, outperforming 99.29% 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 12.07%.
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
MANH has a Profit Margin of 20.25%. This is amongst the best in the industry. MANH outperforms 84.34% of its industry peers.
In the last couple of years the Profit Margin of MANH has grown nicely.
The Operating Margin of MANH (25.91%) is better than 90.04% of its industry peers.
MANH's Operating Margin has improved in the last couple of years.
MANH has a Gross Margin of 56.54%. This is in the lower half of the industry: MANH underperforms 64.77% 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 | 25.91% | ||
| 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.
The number of shares outstanding for MANH has been reduced compared to 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 17.46. This indicates that MANH is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 17.46, MANH belongs to the best of the industry, outperforming 93.59% of the companies in the same industry.
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 | 17.46 |
ROIC/WACC5.62
WACC10.97%
2.3 Liquidity
MANH has a Current 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 Current ratio (1.31) which is in line with its industry peers.
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.
Looking at the Quick ratio, with a value of 1.31, MANH is in line with its industry, outperforming 41.64% of the companies in the same 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
The Earnings Per Share has grown by an nice 9.59% over the past year.
MANH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.14% yearly.
The Revenue has been growing slightly by 4.10% 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)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.
Based on estimates for the next years, MANH will show a small growth in Revenue. The Revenue will grow by 7.70% on average per year.
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
The Price/Earnings ratio is 35.43, which means the current valuation is very expensive for MANH.
60.85% of the companies in the same industry are more expensive than MANH, based on the Price/Earnings ratio.
MANH is valuated rather expensively when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 32.49, the valuation of MANH can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as MANH.
MANH's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.43 | ||
| Fwd PE | 32.49 |
4.2 Price Multiples
68.68% of the companies in the same industry are more expensive than MANH, based on the Enterprise Value to EBITDA ratio.
68.33% of the companies in the same industry are more expensive than MANH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.35 | ||
| EV/EBITDA | 37.17 |
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)4.98
PEG (5Y)1.6
EPS Next 2Y7.69%
EPS Next 3Y10.13%
5. Dividend
5.1 Amount
No dividends for MANH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
178.23
+0.81 (+0.46%)
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 Cap10.78B
Revenue(TTM)1.07B
Net Income(TTM)216.01M
Analysts81.05
Price Target230.9 (29.55%)
Short Float %2.72%
Short Ratio3.12
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 | 35.43 | ||
| Fwd PE | 32.49 | ||
| P/S | 10.1 | ||
| P/FCF | 32.35 | ||
| P/OCF | 31.05 | ||
| P/B | 34.85 | ||
| P/tB | 43.64 | ||
| EV/EBITDA | 37.17 |
EPS(TTM)5.03
EY2.82%
EPS(NY)5.49
Fwd EY3.08%
FCF(TTM)5.51
FCFY3.09%
OCF(TTM)5.74
OCFY3.22%
SpS17.64
BVpS5.11
TBVpS4.08
PEG (NY)4.98
PEG (5Y)1.6
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 | 17.46 |
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 2Y7.69%
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 35.43 and the Price/Book (PB) ratio is 34.85.
Can you provide the financial health for MANH stock?
The financial health rating of MANHATTAN ASSOCIATES INC (MANH) is 9 / 10.