NasdaqGS:MANH

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Executive Summary

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Manhattan Associates's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MANH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.1%

MANH

-2.3%

US Software

0.5%

US Market


1 Year Return

13.2%

MANH

42.3%

US Software

18.7%

US Market

Return vs Industry: MANH underperformed the US Software industry which returned 42.3% over the past year.

Return vs Market: MANH underperformed the US Market which returned 18.7% over the past year.


Shareholder returns

MANHIndustryMarket
7 Day0.1%-2.3%0.5%
30 Day3.9%0.9%4.9%
90 Day30.9%15.0%19.8%
1 Year13.2%13.2%43.1%42.3%21.2%18.7%
3 Year128.1%128.1%150.3%142.2%46.2%36.8%
5 Year58.0%58.0%258.3%237.5%85.3%65.1%

Price Volatility Vs. Market

How volatile is Manhattan Associates's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manhattan Associates undervalued compared to its fair value and its price relative to the market?

14.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MANH ($94.65) is trading below our estimate of fair value ($110.79)

Significantly Below Fair Value: MANH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MANH is poor value based on its PE Ratio (70.5x) compared to the US Software industry average (54.6x).

PE vs Market: MANH is poor value based on its PE Ratio (70.5x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: MANH is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: MANH is overvalued based on its PB Ratio (39.4x) compared to the US Software industry average (7.4x).


Next Steps

Future Growth

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

16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MANH's forecast earnings growth (16% per year) is above the savings rate (2.2%).

Earnings vs Market: MANH's earnings (16% per year) are forecast to grow slower than the US market (24.1% per year).

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

Revenue vs Market: MANH's revenue (10.1% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: MANH's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MANH's Return on Equity is forecast to be high in 3 years time (33.7%)


Next Steps

Past Performance

How has Manhattan Associates performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANH has high quality earnings.

Growing Profit Margin: MANH's current net profit margins (14.2%) are lower than last year (16.3%).


Past Earnings Growth Analysis

Earnings Trend: MANH's earnings have declined by 3.8% per year over the past 5 years.

Accelerating Growth: MANH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MANH had negative earnings growth (-11.1%) over the past year, making it difficult to compare to the Software industry average (11.5%).


Return on Equity

High ROE: MANH's Return on Equity (56%) is considered outstanding.


Next Steps

Financial Health

How is Manhattan Associates's financial position?


Financial Position Analysis

Short Term Liabilities: MANH's short term assets ($251.8M) exceed its short term liabilities ($183.4M).

Long Term Liabilities: MANH's short term assets ($251.8M) exceed its long term liabilities ($44.2M).


Debt to Equity History and Analysis

Debt Level: MANH is debt free.

Reducing Debt: MANH has not had any debt for past 5 years.

Debt Coverage: MANH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MANH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Manhattan Associates's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MANH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MANH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MANH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MANH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MANH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

7.6yrs

Average management tenure


CEO

Eddie Capel (59 yo)

7.58yrs

Tenure

US$9,186,524

Compensation

Mr. Eddie Capel has been the Chief Executive Officer of Manhattan Associates, Inc. since January 01, 2013. Mr. Capel has been the President and a Director of Manhattan Associates, Inc. since July 24, 2012. ...


CEO Compensation Analysis

Compensation vs Market: Eddie's total compensation ($USD9.19M) is about average for companies of similar size in the US market ($USD7.20M).

Compensation vs Earnings: Eddie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Eddie Capel
President7.58yrsUS$9.19m0.16%
$ 9.5m
Deepak Raghavan
Co-Founder & Independent Director22.5yrsUS$260.96k0.056%
$ 3.3m
Dennis Story
Executive VP4.08yrsUS$5.03m0.053%
$ 3.1m
Linda Pinne
Senior VP4.58yrsUS$921.33k0.025%
$ 1.5m
Bruce Richards
Senior VP9yrsUS$1.86m0.0041%
$ 240.1k
Robert Howell
Senior Vice President of Americas Sales8.58yrsUS$4.20m0.077%
$ 4.6m
Sanjeev Siotia
Senior VP & CTO4.25yrsno datano data
Matt Humphries
Senior Director of Investor Relationsno datano datano data
Kathleen Creech
Senior VP & Chief Human Resources Officer2.17yrsno datano data
Raghav Sibal
Managing Director of Australia & New Zealand9.58yrsno datano data
Henri Seroux
Senior Vice President of EMEAno datano datano data
Stewart Gantt
Senior Vice President of Professional Services9.58yrsno datano data

7.6yrs

Average Tenure

54.5yo

Average Age

Experienced Management: MANH's management team is seasoned and experienced (7.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eddie Capel
President7.58yrsUS$9.19m0.16%
$ 9.5m
Deepak Raghavan
Co-Founder & Independent Director22.5yrsUS$260.96k0.056%
$ 3.3m
John Huntz
Independent Chairman17.25yrsUS$383.46k0.10%
$ 5.9m
Thomas Noonan
Independent Director21.58yrsUS$280.96k0.22%
$ 12.7m
Charles Moran
Independent Director3.25yrsUS$257.10k0.012%
$ 689.2k
Edmond Eger
Independent Director4.83yrsUS$259.60k0.015%
$ 868.8k
Linda Hollembaek
Independent Director2.25yrsUS$254.48k0.00062%
$ 36.5k

8.1yrs

Average Tenure

59yo

Average Age

Experienced Board: MANH's board of directors are considered experienced (8.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MANH insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Manhattan Associates, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manhattan Associates, Inc.
  • Ticker: MANH
  • Exchange: NasdaqGS
  • Founded: 1990
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$5.886b
  • Shares outstanding: 63.52m
  • Website: https://www.manh.com

Number of Employees


Location

  • Manhattan Associates, Inc.
  • 2300 Windy Ridge Parkway
  • Tenth Floor
  • Atlanta
  • Georgia
  • 30339
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANHNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1998
MHTDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1998

Biography

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, lo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:47
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.