NasdaqGS:MANH

Stock Analysis Report

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

Fundamentals

Excellent balance sheet with acceptable track record.


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


Market Performance


7 Day Return

0.2%

NasdaqGS:MANH

-1.0%

US Software

-1.6%

US Market


1 Year Return

47.8%

NasdaqGS:MANH

13.9%

US Software

-3.0%

US Market

MANH outperformed the Software industry which returned 13.9% over the past year.

MANH outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

MANHIndustryMarket
7 Day0.2%-1.0%-1.6%
30 Day-3.0%-6.8%-5.7%
90 Day26.9%1.6%0.2%
1 Year47.8%47.8%15.5%13.9%-0.8%-3.0%
3 Year40.3%40.3%111.0%102.7%38.1%29.1%
5 Year190.1%190.1%156.4%137.9%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Manhattan Associates's share price is below the future cash flow value, and at a moderate discount (> 20%).

Manhattan Associates's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Manhattan Associates is overvalued based on earnings compared to the US Software industry average.

Manhattan Associates is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Manhattan Associates is poor value based on expected growth next year.


Price Based on Value of Assets

Manhattan Associates is overvalued based on assets compared to the US Software industry average.


Next Steps

Future Growth

How is Manhattan Associates expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Manhattan Associates's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).

Manhattan Associates's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).

Manhattan Associates's revenue growth is positive but not above the United States of America market average.

Manhattan Associates's earnings growth is positive but not above the United States of America market average.

Manhattan Associates's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Manhattan Associates will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Manhattan Associates performed over the past 5 years?

5.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Manhattan Associates's year on year earnings growth rate has been positive over the past 5 years.

Manhattan Associates's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Manhattan Associates's 1-year earnings growth is negative, it can't be compared to the US Software industry average.


Return on Equity

Manhattan Associates made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

Manhattan Associates used its assets more efficiently than the US Software industry average last year based on Return on Assets.


Return on Capital Employed

Manhattan Associates's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Manhattan Associates's financial position?


Financial Position Analysis

Manhattan Associates is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Manhattan Associates's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Manhattan Associates's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Manhattan Associates's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (1.9937154075392E+18%, greater than 20% of total debt).

Manhattan Associates earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.3714650497937E+16x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Manhattan Associates's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Manhattan Associates's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Manhattan Associates has not reported any payouts.

Unable to verify if Manhattan Associates's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Manhattan Associates has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Manhattan Associates's salary, the management and board of directors tenure and is there insider trading?

5.1yrs

Average management tenure


CEO

Eddie Capel (58yo)

6.6yrs

Tenure

US$4,486,523

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

Eddie's remuneration is lower than average for companies of similar size in United States of America.

Eddie's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

5.1yrs

Average Tenure

53.5yo

Average Age

The average tenure for the Manhattan Associates management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.1yrs

Average Tenure

58yo

Average Age

The tenure for the Manhattan Associates board of directors is about average.


Insider Trading

Manhattan Associates individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$901,01712 Aug 19
Dennis Story
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares10,600
Max PriceUS$85.00
SellUS$297,62412 Aug 19
John Huntz
EntityIndividual
Role
Chairman of the Board
Chairman
Shares3,500
Max PriceUS$85.04
SellUS$3,499,26831 Jul 19
Eddie Capel
EntityIndividual
Role
Chief Executive Officer
President
Shares40,000
Max PriceUS$87.48
SellUS$148,50018 Mar 19
Robert Howell
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Americas Sales
Shares2,750
Max PriceUS$54.00
SellUS$113,21306 Mar 19
John Huntz
EntityIndividual
Role
Chairman of the Board
Chairman
Shares2,106
Max PriceUS$53.76
SellUS$301,14004 Mar 19
Bruce Richards
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares5,454
Max PriceUS$55.21

Ownership Breakdown


Management Team

  • Bruce Richards (64yo)

    Senior VP

    • Tenure: 8.0yrs
    • Compensation: US$1.12m
  • Deepak Raghavan (52yo)

    Founder & Independent Director

    • Tenure: 21.5yrs
    • Compensation: US$227.10k
  • Dennis Story (55yo)

    Executive VP

    • Tenure: 3.1yrs
    • Compensation: US$2.34m
  • Eddie Capel (58yo)

    President

    • Tenure: 6.6yrs
    • Compensation: US$4.49m
  • Raghav Sibal

    Managing Director of Australia & New Zealand

    • Tenure: 8.6yrs
  • Bob Howell (46yo)

    Senior Vice President of Americas Sales

    • Tenure: 7.6yrs
    • Compensation: US$1.94m
  • Henri Seroux

    Senior Vice President of EMEA

    • Tenure: 0.0yrs
  • Linda Pinne (45yo)

    Senior VP

    • Tenure: 3.6yrs
    • Compensation: US$511.97k
  • Sanjeev Siotia

    Senior VP & CTO

    • Tenure: 3.3yrs
  • Kathleen Creech

    Senior VP & Chief Human Resources Officer

    • Tenure: 1.2yrs

Board Members

  • John Huntz (68yo)

    Chairman

    • Tenure: 16.3yrs
    • Compensation: US$349.60k
  • Tom Noonan (58yo)

    Independent Director

    • Tenure: 20.6yrs
    • Compensation: US$247.10k
  • Chuck Moran (64yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$222.10k
  • Deepak Raghavan (52yo)

    Founder & Independent Director

    • Tenure: 21.5yrs
    • Compensation: US$227.10k
  • Eddie Capel (58yo)

    President

    • Tenure: 6.6yrs
    • Compensation: US$4.49m
  • Ed Eger (58yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$224.60k
  • Linda Hollembaek (61yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$198.28k

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$5.389b
  • Shares outstanding: 64.33m
  • 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 Analysis2019/08/24 23:38
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.