NasdaqGS:MANT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has ManTech International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.9%

MANT

2.0%

US IT

1.3%

US Market


1 Year Return

23.0%

MANT

23.1%

US IT

5.9%

US Market

Return vs Industry: MANT underperformed the US IT industry which returned 23.1% over the past year.

Return vs Market: MANT exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

MANTIndustryMarket
7 Day1.9%2.0%1.3%
30 Day-0.1%-0.1%-1.9%
90 Day3.2%-2.2%-1.8%
1 Year25.2%23.0%24.5%23.1%8.3%5.9%
3 Year88.0%77.7%97.9%89.7%45.6%36.2%
5 Year185.8%156.3%154.6%131.0%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ManTech International undervalued compared to its fair value and its price relative to the market?

31.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MANT ($69.58) is trading above our estimate of fair value ($41.6)

Significantly Undervalued: MANT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MANT is good value based on its PE Ratio (31.6x) compared to the IT industry average (35.9x).

PE vs Market: MANT is poor value based on its PE Ratio (31.6x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: MANT is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: MANT is good value based on its PB Ratio (1.9x) compared to the US IT industry average (4.3x).


Next Steps

Future Growth

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

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MANT's forecast earnings growth (8.9% per year) is above the savings rate (2.7%).

Earnings vs Market: MANT's earnings (8.9% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: MANT's revenue (7.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: MANT's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MANT's Return on Equity is forecast to be low in 3 years time (7.2%).


Next Steps

Past Performance

How has ManTech International performed over the past 5 years?

30.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MANT has become profitable over the past 5 years, growing earnings by 30.8% per year.

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

Earnings vs Industry: MANT had negative earnings growth (-29.2%) over the past year, making it difficult to compare to the IT industry average (8.4%).


Return on Equity

High ROE: MANT's Return on Equity (6.1%) is considered low.


Return on Assets

ROA vs Industry: MANT's Return on Assets is below or equal to the IT industry average last year.


Return on Capital Employed

ROCE Improving: MANT has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is ManTech International's financial position?


Financial Position Analysis

Short Term Liabilities: MANT's short term assets ($437.8M) exceeds its short term liabilities ($306.9M)

Long Term Liabilities: MANT's short term assets (437.8M) exceeds its long term liabilities (301.2M)


Debt to Equity History and Analysis

Debt Level: MANT's debt to equity ratio (3%) is considered satisfactory

Reducing Debt: MANT's debt to equity ratio has reduced from 4.8% to 3% over the past 5 years.

Debt Coverage: MANT's debt is well covered by operating cash flow (418.1%).

Interest Coverage: MANT's interest payments on its debt are well covered by EBIT (60.8x coverage).


Balance Sheet

Inventory Level: MANT has a low level of unsold assets or inventory.

Debt Coverage by Assets: MANT's debt is covered by short term assets (assets are 10.065490x debt).


Next Steps

Dividend

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

1.55%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage1.3%forecastin3Years1.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MANT's dividend (1.55%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: MANT's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: Whilst dividend payments have been stable, MANT has been paying a dividend for less than 10 years.

Growing Dividend: MANT's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.3%), MANT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MANT's dividends in 3 years are forecast to be well covered by earnings (40.8% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Kevin Phillips (57yo)

1.8yrs

Tenure

US$2,772,899

Compensation

Mr. Kevin M. Phillips has been President at ManTech International Corporation since November 2, 2016 and served as its Chief Operating Officer. He is Chief Executive Officer of ManTech International Corp. ...


CEO Compensation Analysis

Compensation vs. Market: Kevin has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.6yrs

Average Tenure

57yo

Average Age

Experienced Management: MANT's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

13.3yrs

Average Tenure

74yo

Average Age

Experienced Board: MANT's board of directors are seasoned and experienced ( 13.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$249,08007 Jun 19
Richard Armitage
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceUS$62.27
SellUS$197,59325 Mar 19
Judith Bjornaas
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares3,670
Max PriceUS$53.84

Ownership Breakdown


Management Team

  • George Pedersen (83yo)

    Co-Founder & Executive Chairman

    • Tenure: 40.8yrs
    • Compensation: US$3.49m
  • Kevin Phillips (57yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$2.77m
  • Judith Bjornaas (56yo)

    Executive VP & CFO

    • Tenure: 2.9yrs
    • Compensation: US$1.71m
  • Jeffrey Brown

    Executive VP

    • Tenure: 20.8yrs
  • Michael Putnam

    Senior Vice President of Corporate & Regulatory Affairs

    • Tenure: 0yrs
  • Rick Wagner (57yo)

    Group President of Mission

    • Tenure: 1.8yrs
    • Compensation: US$1.85m
  • Jeff Brody

    Chief Human Resources Officer

    • Tenure: 2.3yrs
  • Matt Tait (51yo)

    President of Mission Solutions & Services Group

    • Tenure: 1.3yrs
    • Compensation: US$3.56m
  • Mike Uster

    Chief Information Officer & Senior VP

    • Tenure: 4.2yrs
  • Stephen Vather

    Executive Director of Corporate Development

    • Tenure: 0yrs

Board Members

  • Barry Campbell (77yo)

    Presiding Independent Director

    • Tenure: 0yrs
    • Compensation: US$311.59k
  • Mary Bush (71yo)

    Independent Director

    • Tenure: 13yrs
    • Compensation: US$272.97k
  • Rich Armitage (73yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$280.47k
  • George Pedersen (83yo)

    Co-Founder & Executive Chairman

    • Tenure: 40.8yrs
    • Compensation: US$3.49m
  • Ken Minihan (75yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$269.22k
  • Richard Kerr (83yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$282.34k
  • Peter LaMontagne (52yo)

    Director

    • Tenure: 0.4yrs
  • Kevin Phillips (57yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$2.77m

Company Information

ManTech International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ManTech International Corporation
  • Ticker: MANT
  • Exchange: NasdaqGS
  • Founded: 1968
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: US$2.783b
  • Shares outstanding: 39.99m
  • Website: https://www.mantech.com

Number of Employees


Location

  • ManTech International Corporation
  • 2251 Corporate Park Drive
  • Herndon
  • Virginia
  • 20171
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANTNasdaqGS (Nasdaq Global Select)YesClass A Common SharesUSUSDFeb 2002
MNMADB (Deutsche Boerse AG)YesClass A Common SharesDEEURFeb 2002

Biography

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 servic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:39
End of Day Share Price2019/10/14 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.