Financials Manhattan Associates, Inc.

Equities

MANH

US5627501092

IT Services & Consulting

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
209 USD +0.35% Intraday chart for Manhattan Associates, Inc. -7.65% -2.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,096 6,682 9,840 7,575 13,256 12,869 - -
Enterprise Value (EV) 1 4,985 6,477 9,576 7,350 12,985 12,444 12,138 12,869
P/E ratio 60.4 x 77.3 x 90.4 x 59.8 x 76.4 x 73.3 x 66.4 x 54.4 x
Yield - - - - - - - -
Capitalization / Revenue 8.25 x 11.4 x 14.8 x 9.88 x 14.3 x 12.5 x 11.2 x 10.1 x
EV / Revenue 8.07 x 11 x 14.4 x 9.58 x 14 x 12.1 x 10.6 x 10.1 x
EV / EBITDA 32 x 41.4 x 51.6 x 33.6 x 45.2 x 39.7 x 34.7 x 31.9 x
EV / FCF 37.8 x 46.9 x 52.9 x 42.5 x 53.8 x 45.7 x 40.1 x 35.9 x
FCF Yield 2.64% 2.13% 1.89% 2.35% 1.86% 2.19% 2.49% 2.78%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 63,901 63,526 63,282 62,397 61,565 61,570 - -
Reference price 2 79.75 105.2 155.5 121.4 215.3 209.0 209.0 209.0
Announcement Date 2/4/20 2/2/21 2/1/22 2/2/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 617.9 586.4 663.6 767.1 928.7 1,031 1,148 1,275
EBITDA 1 155.8 156.4 185.5 218.7 287.2 313.4 349.7 403.7
EBIT 1 148.2 147.8 177.9 212.1 281.5 307.1 347.9 398.9
Operating Margin 23.98% 25.21% 26.8% 27.65% 30.31% 29.78% 30.31% 31.28%
Earnings before Tax (EBT) 1 116.1 113.8 134.1 158.1 213.7 221.5 254.3 314.6
Net income 1 85.76 87.24 110.5 129 176.6 180.9 200 242.1
Net margin 13.88% 14.88% 16.65% 16.81% 19.01% 17.54% 17.42% 18.98%
EPS 2 1.320 1.360 1.720 2.030 2.820 2.850 3.150 3.845
Free Cash Flow 1 131.7 138.2 181.2 173 241.5 272 302.6 358
FCF margin 21.31% 23.56% 27.3% 22.56% 26% 26.38% 26.36% 28.07%
FCF Conversion (EBITDA) 84.57% 88.36% 97.66% 79.11% 84.08% 86.78% 86.53% 88.67%
FCF Conversion (Net income) 153.58% 158.36% 163.99% 134.18% 136.77% 150.38% 151.31% 147.9%
Dividend per Share - - - - - - - -
Announcement Date 2/4/20 2/2/21 2/1/22 2/2/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 171.5 179 191.9 198.1 198.1 221 231 238.4 238.3 254.6 255.7 263.4 257.3 278.7 286
EBITDA 1 40.85 49.86 54.54 52.97 61.36 65.21 69.73 73.92 78.34 81.22 77.41 79.38 75.55 84.18 89.7
EBIT 1 39.07 48.11 52.79 51.3 59.86 63.72 68.41 72.48 76.84 79.72 75.53 77.98 73.82 85.05 86.26
Operating Margin 22.78% 26.88% 27.51% 25.9% 30.22% 28.83% 29.61% 30.4% 32.25% 31.32% 29.53% 29.61% 28.69% 30.51% 30.17%
Earnings before Tax (EBT) 1 26.91 34.71 39.5 38.38 45.53 47.23 51.52 55.19 59.73 58.63 54 56.82 53.69 60.12 63.18
Net income 1 20.58 30.59 30.82 29.67 37.87 38.79 39.62 49.42 48.74 53.8 42.46 44.63 41.82 48.56 49.12
Net margin 12% 17.09% 16.06% 14.98% 19.12% 17.55% 17.15% 20.73% 20.46% 21.14% 16.6% 16.95% 16.25% 17.42% 17.18%
EPS 2 0.3200 0.4800 0.4900 0.4700 0.6000 0.6200 0.6300 0.7900 0.7800 0.8600 0.6680 0.7020 0.6600 0.7133 0.7567
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/1/22 4/26/22 7/26/22 10/25/22 2/2/23 4/25/23 7/25/23 10/24/23 1/30/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 111 205 264 225 271 425 732 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 132 138 181 173 241 272 303 358
ROE (net income / shareholders' equity) - 48.3% 47.1% 54% 69.9% 75.7% 52% 47.3%
ROA (Net income/ Total Assets) - 20.8% 22% 23.2% 28.4% 22.3% 19% 18.8%
Assets 1 - 418.8 502.6 554.9 621.8 811.1 1,053 1,288
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 2.260 2.190 2.880 2.830 3.930 4.490 4.910 5.870
Capex 1 15.2 2.73 4.02 6.59 4.73 8.05 9.39 10
Capex / Sales 2.46% 0.47% 0.61% 0.86% 0.51% 0.78% 0.82% 0.78%
Announcement Date 2/4/20 2/2/21 2/1/22 2/2/23 1/30/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
209 USD
Average target price
238.4 USD
Spread / Average Target
+14.07%
Consensus
  1. Stock Market
  2. Equities
  3. MANH Stock
  4. Financials Manhattan Associates, Inc.