MANHATTAN ASSOCIATES INC (MANH) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:MANH • US5627501092

149.36 USD
-1.65 (-1.09%)
Last: Feb 2, 2026, 02:53 PM
Fundamental Rating

7

Taking everything into account, MANH scores 7 out of 10 in our fundamental rating. MANH was compared to 278 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 could make MANH a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

9

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.
  • 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.
MANH Yearly Net Income VS EBIT VS OCF VS FCFMANH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

  • The Return On Assets of MANH (26.20%) is better than 98.20% of its industry peers.
  • MANH has a Return On Equity of 69.88%. This is amongst the best in the industry. MANH outperforms 97.84% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 58.53%, MANH belongs to the top of the industry, outperforming 99.28% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MANH is significantly above the industry average of 10.73%.
  • The 3 year average ROIC (56.95%) for MANH is below the current ROIC(58.53%), indicating increased profibility in the last year.
Industry RankSector 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%
MANH Yearly ROA, ROE, ROICMANH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • MANH's Profit Margin of 20.34% is amongst the best of the industry. MANH outperforms 84.53% of its industry peers.
  • MANH's Profit Margin has improved in the last couple of years.
  • MANH has a Operating Margin of 26.15%. This is amongst the best in the industry. MANH outperforms 90.29% of its industry peers.
  • MANH's Operating Margin has improved in the last couple of years.
  • MANH has a Gross Margin of 56.32%. This is in the lower half of the industry: MANH underperforms 65.11% 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 RankSector 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%
MANH Yearly Profit, Operating, Gross MarginsMANH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

9

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.
  • The number of shares outstanding for MANH has been reduced compared to 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.
MANH Yearly Shares OutstandingMANH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MANH Yearly Total Debt VS Total AssetsMANH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • MANH has an Altman-Z score of 13.56. This indicates that MANH is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 13.56, MANH belongs to the best of the industry, outperforming 94.96% 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 13.56
ROIC/WACC5.26
WACC11.13%
MANH Yearly LT Debt VS Equity VS FCFMANH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.28 indicates that MANH should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.28, MANH is doing worse than 60.79% of the companies in the same industry.
  • MANH has a Quick Ratio of 1.28. 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 1.28, MANH is doing worse than 60.07% 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 RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
MANH Yearly Current Assets VS Current LiabilitesMANH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

6

3. Growth

3.1 Past

  • MANH shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.19%.
  • The Earnings Per Share has been growing by 23.57% on average over the past years. This is a very strong growth
  • MANH shows a small growth in Revenue. In the last year, the Revenue has grown by 3.75%.
  • 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

  • The Earnings Per Share is expected to grow by 19.63% on average over the next years. This is quite good.
  • MANH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.48% yearly.
EPS Next Y6.66%
EPS Next 2Y10.76%
EPS Next 3Y20.7%
EPS Next 5Y19.63%
Revenue Next Year6.65%
Revenue Next 2Y7.8%
Revenue Next 3Y7.76%
Revenue Next 5Y9.48%

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.
  • 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.
MANH Yearly Revenue VS EstimatesMANH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
MANH Yearly EPS VS EstimatesMANH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 29.46, which means the current valuation is very expensive for MANH.
  • Compared to the rest of the industry, the Price/Earnings ratio of MANH indicates a somewhat cheap valuation: MANH is cheaper than 60.43% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.32. MANH is around the same levels.
  • The Price/Forward Earnings ratio is 27.62, which means the current valuation is very expensive for MANH.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MANH is on the same level as its industry peers.
  • MANH is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.46
Fwd PE 27.62
MANH Price Earnings VS Forward Price EarningsMANH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MANH is valued a bit cheaper than the industry average as 67.27% of the companies are valued more expensively.
  • 71.58% of the companies in the same industry are more expensive than MANH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 24.06
EV/EBITDA 30.34
MANH Per share dataMANH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
  • MANH's earnings are expected to grow with 20.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.43
PEG (5Y)1.25
EPS Next 2Y10.76%
EPS Next 3Y20.7%

0

5. Dividend

5.1 Amount

  • No dividends for MANH!.
Industry RankSector Rank
Dividend Yield 0%

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 6.66% in the next year.