(MANH) Manhattan Associates - Overview

Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 7.770m USD | Total Return: -29.9% in 12m

Supply Chain, Inventory Management, Logistics Software
Total Rating 60
Safety 81
Buy Signal -0.41
Software - Application
Industry Rotation: +9.1
Market Cap: 7.77B
Avg Turnover: 92.3M
Risk 3d forecast
Volatility40.8%
VaR 5th Pctl6.84%
VaR vs Median1.96%
Reward TTM
Sharpe Ratio-0.88
Rel. Str. IBD10.3
Rel. Str. Peer Group34
Character TTM
Beta0.958
Beta Downside1.114
Hurst Exponent0.412
Drawdowns 3y
Max DD60.98%
CAGR/Max DD-0.13
CAGR/Mean DD-0.35
EPS (Earnings per Share) EPS (Earnings per Share) of MANH over the last years for every Quarter: "2021-03": 0.43, "2021-06": 0.61, "2021-09": 0.71, "2021-12": 0.48, "2022-03": 0.6, "2022-06": 0.69, "2022-09": 0.66, "2022-12": 0.81, "2023-03": 0.8, "2023-06": 0.88, "2023-09": 1.05, "2023-12": 1.03, "2024-03": 1.03, "2024-06": 1.18, "2024-09": 1.35, "2024-12": 1.17, "2025-03": 1.19, "2025-06": 1.31, "2025-09": 1.36, "2025-12": 1.21, "2026-03": 1.24,
EPS CAGR: 16.92%
EPS Trend: 90.6%
Last SUE: 0.16
Qual. Beats: 0
Revenue Revenue of MANH over the last years for every Quarter: 2021-03: 156.85, 2021-06: 166.114, 2021-09: 169.185, 2021-12: 171.494, 2022-03: 178.956, 2022-06: 191.924, 2022-09: 198.101, 2022-12: 198.103, 2023-03: 221.013, 2023-06: 231.016, 2023-09: 238.441, 2023-12: 238.255, 2024-03: 254.552, 2024-06: 265.317999, 2024-09: 266.680999, 2024-12: 255.801, 2025-03: 262.787, 2025-06: 272.421, 2025-09: 275.795, 2025-12: 270.389, 2026-03: 282.215,
Rev. CAGR: 10.83%
Rev. Trend: 93.5%
Last SUE: 3.05
Qual. Beats: 5

Warnings

Below Avwap Earnings

Tailwinds

Confidence

Description: MANH Manhattan Associates

Manhattan Associates Inc. (MANH) specializes in supply chain, inventory, and omni-channel commerce software. The company provides cloud-native, version-less applications designed to manage distribution centers, transportation logistics, and retail point-of-sale systems. Its core product suite, Manhattan Active, integrates warehouse management with order fulfillment and demand forecasting to streamline global operations.

The company operates within the specialized Supply Chain Management (SCM) software sector, where high switching costs often lead to long-term client retention. Manhattan Associates utilizes a hybrid business model, generating revenue through cloud subscriptions, professional consulting services, and the resale of specialized logistics hardware like RFID readers and barcode scanners.

For a deeper look into the companys valuation metrics and historical performance, consider reviewing the detailed data available on ValueRay.

Headquartered in Atlanta, Georgia, the firm serves diverse industries including retail, life sciences, and electronics across the Americas, EMEA, and Asia Pacific regions. Since its founding in 1990, it has transitioned from traditional on-premises licensing toward a SaaS-centric architecture to support modern, high-velocity e-commerce environments.

Headlines to Watch Out For
  • Cloud subscription revenue growth accelerates as legacy customers migrate to Manhattan Active Platform
  • Global omnichannel retail expansion drives demand for integrated warehouse and order management systems
  • Labor shortages and rising warehouse costs incentivize enterprise investment in supply chain automation
  • Macroeconomic slowdown in retail spending threatens professional services and new software licensing revenue
Piotroski VR‑10 (Strict) 7.5
Net Income: 216.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.51 > 0.02 and ΔFCF/TA 7.73 > 1.0
NWC/Revenue: 4.40% < 20% (prev 4.79%; Δ -0.39% < -1%)
CFO/TA 0.54 > 3% & CFO 398.3m > Net Income 216.7m
Net Debt (-170.4m) to EBITDA (292.9m): -0.58 < 3
Current Ratio: 1.10 > 1.5 & < 3
Outstanding Shares: last quarter (60.0m) vs 12m ago -2.42% < -2%
Gross Margin: 55.56% > 18% (prev 0.55%; Δ 5.50k% > 0.5%)
Asset Turnover: 152.0% > 50% (prev 148.3%; Δ 3.63% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)
Altman Z'' 4.55
A: 0.07 (Total Current Assets 515.8m - Total Current Liabilities 467.4m) / Total Assets 740.5m
B: 0.32 (Retained Earnings 240.6m / Total Assets 740.5m)
C: 0.40 (EBIT TTM 286.3m / Avg Total Assets 724.4m)
D: 0.38 (Book Value of Equity 205.2m / Total Liabilities 535.4m)
Altman-Z'' Score: 4.55 = AA
Beneish M -3.37
DSRI: 1.03 (Receivables 227.1m/210.7m, Revenue 1.10b/1.05b)
GMI: 0.99 (GM 55.56% / 55.16%)
AQI: 0.76 (AQ_t 0.21 / AQ_t-1 0.27)
SGI: 1.05 (Revenue 1.10b / 1.05b)
TATA: -0.25 (NI 216.7m - CFO 398.3m) / TA 740.5m)
Beneish M-Score: -3.37 (Cap -4..+1) = AA
What is the price of MANH shares? As of May 20, 2026, the stock is trading at USD 135.42 with a total of 598,914 shares traded.
Over the past week, the price has changed by +0.43%, over one month by +1.19%, over three months by -5.66% and over the past year by -29.86%.
Is MANH a buy, sell or hold? Manhattan Associates has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy MANH.
  • StrongBuy: 5
  • Buy: 2
  • Hold: 3
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the MANH price?
Analysts Target Price 188.4 39.1%
Manhattan Associates (MANH) - Fundamental Data Overview as of 18 May 2026
P/E Trailing = 36.7843
P/E Forward = 26.8097
P/S = 7.0579
P/B = 41.2415
P/EG = 1.7538
Revenue TTM = 1.10b USD
EBIT TTM = 286.3m USD
EBITDA TTM = 292.9m USD
Long Term Debt = 55.7m USD (from capitalLeaseObligations, last quarter)
 Short Term Debt = unknown (none)
 Debt = 55.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -170.4m USD (from netDebt column, last quarter)
Enterprise Value = 7.60b USD (7.77b + Debt 55.7m - CCE 226.1m)
 Interest Coverage Ratio = unknown (Ebit TTM 286.3m / Interest Expense TTM 0.0)
 EV/FCF = 20.02x (Enterprise Value 7.60b / FCF TTM 379.6m)
FCF Yield = 5.00% (FCF TTM 379.6m / Enterprise Value 7.60b)
FCF Margin = 34.48% (FCF TTM 379.6m / Revenue TTM 1.10b)
Net Margin = 19.68% (Net Income TTM 216.7m / Revenue TTM 1.10b)
Gross Margin = 55.56% ((Revenue TTM 1.10b - Cost of Revenue TTM 489.2m) / Revenue TTM)
Gross Margin QoQ = 55.13% (prev 54.41%)
Tobins Q-Ratio = 10.26 (Enterprise Value 7.60b / Total Assets 740.5m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 55.7m)
Taxrate = 28.84% (20.0m / 69.3m)
NOPAT = 203.7m (EBIT 286.3m * (1 - 28.84%))
Current Ratio = 1.10 (Total Current Assets 515.8m / Total Current Liabilities 467.4m)
Debt / Equity = 0.27 (Debt 55.7m / totalStockholderEquity, last quarter 205.2m)
Debt / EBITDA = -0.58 (Net Debt -170.4m / EBITDA 292.9m)
Debt / FCF = -0.45 (Net Debt -170.4m / FCF TTM 379.6m)
Total Stockholder Equity = 277.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 29.91% (Net Income 216.7m / Total Assets 740.5m)
RoE = 78.22% (Net Income TTM 216.7m / Total Stockholder Equity 277.0m)
RoCE = 86.07% (EBIT 286.3m / Capital Employed (Equity 277.0m + L.T.Debt 55.7m))
RoIC = 73.56% (NOPAT 203.7m / Invested Capital 277.0m)
WACC = 9.28% (E(7.77b)/V(7.83b) * Re(9.35%) + D(55.7m)/V(7.83b) * Rd(0.0%) * (1-Tc(0.29)))
Discount Rate = 9.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -1.81%
[DCF] Terminal Value 77.52% ; FCFF base≈351.1m ; Y1≈433.1m ; Y5≈738.9m
[DCF] Fair Price = 172.3 (EV 10.02b - Net Debt -170.4m = Equity 10.19b / Shares 59.2m; r=9.28% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 90.56 | EPS CAGR: 16.92% | SUE: 0.16 | # QB: 0
Revenue Correlation: 93.48 | Revenue CAGR: 10.83% | SUE: 3.05 | # QB: 5
EPS current Quarter (2026-06-30): EPS=1.32 | Chg30d=+0.53% | Revisions=+54% | Analysts=11
EPS next Quarter (2026-09-30): EPS=1.44 | Chg30d=+0.29% | Revisions=+40% | Analysts=11
EPS current Year (2026-12-31): EPS=5.36 | Chg30d=+2.69% | Revisions=+75% | GrowthEPS=+5.9% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=5.95 | Chg30d=+1.07% | Revisions=+50% | GrowthEPS=+11.0% | GrowthRev=+8.6%
[Analyst] Revisions Ratio: +75%