ManTech International (NasdaqGS:MANT) - Share price, News & Analysis

MANT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	3/6
Financial Health	5/6
Dividends	5/6

MANT Stock Overview

ManTech International Corporation provides technology solutions and services for U.S.

Rewards

Trading at 38.2% below our estimate of its fair value

Earnings are forecast to grow 9.03% per year

Earnings have grown 11.8% per year over the past 5 years

Pays a reliable dividend of 1.72%

Risk Analysis

No risks detected for MANT from our risk checks.

ManTech International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ManTech International
Historical stock prices
Current Share Price	US$95.58
52 Week High	US$95.98
52 Week Low	US$66.91
Beta	0.73
1 Month Change	0.49%
3 Month Change	9.69%
1 Year Change	6.46%
3 Year Change	45.15%
5 Year Change	130.98%
Change since IPO	424.88%

Recent News & Updates

May 23

Merger Arbitrage Mondays: Carlyle To Acquire Defense Contractor ManTech

Potential deal in the works, ManTech International Corporation entered into a definitive agreement to be acquired by global investment firm Carlyle. Diamondback to acquire all of the publicly held common units representing the limited partner interests in Rattler not already owned by Diamondback. Seven new SPAC Business Combinations announced last week.

Shareholder Returns

	MANT	US Professional Services	US Market
7D	0.8%	7.2%	6.6%
1Y	6.5%	-17.5%	-18.5%

Return vs Industry: MANT exceeded the US Professional Services industry which returned -19.4% over the past year.

Return vs Market: MANT exceeded the US Market which returned -20.5% over the past year.

Price Volatility

Is MANT's price volatile compared to industry and market?
MANT volatility
MANT Average Weekly Movement	4.9%
Professional Services Industry Average Movement	6.4%
Market Average Movement	8.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: MANT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MANT's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1968	9,800	Kevin Phillips	https://www.mantech.com

ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation. It also provides IT and digital modernization, cloud solutions, managed and integrated services management, IT-as-a services, edge computing, user engagement, and experience and digital workplace transformation; and data collection and management, predictive analytics, analytics automation, data science, and data fusion and visualization services.

ManTech International Fundamentals Summary

How do ManTech International's earnings and revenue compare to its market cap?
MANT fundamental statistics
Market Cap	US$3.91b
Earnings (TTM)	US$136.03m
Revenue (TTM)	US$2.60b

28.8x

P/E Ratio

1.5x

P/S Ratio

Is MANT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MANT income statement (TTM)
Revenue	US$2.60b
Cost of Revenue	US$2.21b
Gross Profit	US$388.48m
Other Expenses	US$252.45m
Earnings	US$136.03m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	3.32
Gross Margin	14.96%
Net Profit Margin	5.24%
Debt/Equity Ratio	17.7%

How did MANT perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

46%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is MANT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MANT?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MANT. This is calculated by dividing MANT's market cap by their current preferred multiple.
What is MANT's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$3.91b

MANT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	15.8x
PEG Ratio	3.2x

Price to Earnings Ratio vs Peers

How does MANT's PE Ratio compare to its peers?

MANT PE Ratio vs Peers

The above table shows the PE ratio for MANT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	27.2x

Forward PE

Price-To-Earnings vs Peers: MANT is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the peer average (27.2x).

Price to Earnings Ratio vs Industry

How does MANT's PE Ratio compare vs other companies in the U.S. Professional Services Industry?

Price-To-Earnings vs Industry: MANT is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the US Professional Services industry average (15.3x)

Price to Earnings Ratio vs Fair Ratio

What is MANT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MANT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	28.8x
Fair PE Ratio	21.7x

Price-To-Earnings vs Fair Ratio: MANT is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

Share Price vs Fair Value

What is the Fair Price of MANT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MANT ($95.58) is trading below our estimate of fair value ($154.54)

Significantly Below Fair Value: MANT is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: MANT is poor value based on its PEG Ratio (3.2x)

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Future Growth

How is ManTech International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

9.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MANT's forecast earnings growth (9% per year) is above the savings rate (1.9%).

Earnings vs Market: MANT's earnings (9% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: MANT's earnings are forecast to grow, but not significantly.

Revenue vs Market: MANT's revenue (4.3% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: MANT's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MANT's Return on Equity is forecast to be low in 3 years time (9.1%).

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Past Performance

How has ManTech International performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

11.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MANT has high quality earnings.

Growing Profit Margin: MANT's current net profit margins (5.2%) are higher than last year (4.9%).

Past Earnings Growth Analysis

Earnings Trend: MANT's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: MANT's earnings growth over the past year (9.5%) is below its 5-year average (11.8% per year).

Earnings vs Industry: MANT earnings growth over the past year (9.5%) underperformed the Professional Services industry 33.1%.

Return on Equity

High ROE: MANT's Return on Equity (8%) is considered low.

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Financial Health

How is ManTech International's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MANT's short term assets ($593.8M) exceed its short term liabilities ($357.2M).

Long Term Liabilities: MANT's short term assets ($593.8M) exceed its long term liabilities ($582.7M).

Debt to Equity History and Analysis

Debt Level: MANT's net debt to equity ratio (14.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MANT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MANT's debt is well covered by operating cash flow (84.9%).

Interest Coverage: MANT's interest payments on its debt are well covered by EBIT (45.9x coverage).

Balance Sheet

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Dividend

What is ManTech International current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MANT's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: MANT's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (4.34%).

Stability and Growth of Payments

Stable Dividend: MANT's dividends per share have been stable in the past 10 years.

Growing Dividend: MANT's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.4%), MANT's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.3%), MANT's dividend payments are well covered by cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure

CEO

Kevin Phillips (59 yo)

5.58yrs

Tenure

US$7,378,740

Compensation

Mr. Kevin M. Phillips serves as Chairman of ManTech International Corporation since September 1, 2020 and also serves as its President since November 2, 2016 and Chief Executive Officer since January 1, 20...

CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD7.38M) is about average for companies of similar size in the US market ($USD6.92M).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: MANT's management team is considered experienced (2.7 years average tenure).

Board Members

Experienced Board: MANT's board of directors are seasoned and experienced ( 16 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31