MANH Valuation

Manhattan Associates Inc

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219.660

-8.28(-3.633%)1D

Overview
Forecast
Valuation
Earnings

MANH Relative Valuation

MANH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MANH is overvalued; if below, it's undervalued.

Historical Valuation

Manhattan Associates Inc (MANH) is now in the Fair zone, suggesting that its current forward PE ratio of 46.57 is considered Fairly compared with the five-year average of 59.03. The fair price of Manhattan Associates Inc (MANH) is between 220.44 to 317.01 according to relative valuation methord.

Relative Value

Fair Zone

220.44-317.01

Current Price：227.94

Fair

46.15

Trailing

Forward

35.45

EV/EBITDA

Manhattan Associates Inc. (MANH) has a current EV/EBITDA of 35.45. The 5-year average EV/EBITDA is 43.71. The thresholds are as follows: Strongly Undervalued below 27.18, Undervalued between 27.18 and 35.44, Fairly Valued between 51.97 and 35.44, Overvalued between 51.97 and 60.23, and Strongly Overvalued above 60.23. The current Forward EV/EBITDA of 35.45 falls within the Historic Trend Line -Fairly Valued range.

35.55

EV/EBIT

Manhattan Associates Inc. (MANH) has a current EV/EBIT of 35.55. The 5-year average EV/EBIT is 45.20. The thresholds are as follows: Strongly Undervalued below 27.47, Undervalued between 27.47 and 36.33, Fairly Valued between 54.07 and 36.33, Overvalued between 54.07 and 62.93, and Strongly Overvalued above 62.93. The current Forward EV/EBIT of 35.55 falls within the Undervalued range.

12.48

Manhattan Associates Inc. (MANH) has a current PS of 12.48. The 5-year average PS is 12.34. The thresholds are as follows: Strongly Undervalued below 8.28, Undervalued between 8.28 and 10.31, Fairly Valued between 14.36 and 10.31, Overvalued between 14.36 and 16.39, and Strongly Overvalued above 16.39. The current Forward PS of 12.48 falls within the Historic Trend Line -Fairly Valued range.

41.50

P/OCF

Manhattan Associates Inc. (MANH) has a current P/OCF of 41.50. The 5-year average P/OCF is 47.66. The thresholds are as follows: Strongly Undervalued below 30.98, Undervalued between 30.98 and 39.32, Fairly Valued between 56.01 and 39.32, Overvalued between 56.01 and 64.35, and Strongly Overvalued above 64.35. The current Forward P/OCF of 41.50 falls within the Historic Trend Line -Fairly Valued range.

42.46

P/FCF

Manhattan Associates Inc. (MANH) has a current P/FCF of 42.46. The 5-year average P/FCF is 50.07. The thresholds are as follows: Strongly Undervalued below 30.83, Undervalued between 30.83 and 40.45, Fairly Valued between 59.69 and 40.45, Overvalued between 59.69 and 69.30, and Strongly Overvalued above 69.30. The current Forward P/FCF of 42.46 falls within the Historic Trend Line -Fairly Valued range.

Manhattan Associates Inc (MANH) has a current Price-to-Book (P/B) ratio of 49.44. Compared to its 3-year average P/B ratio of 53.49 , the current P/B ratio is approximately -7.56% higher. Relative to its 5-year average P/B ratio of 47.46, the current P/B ratio is about 4.18% higher. Manhattan Associates Inc (MANH) has a Forward Free Cash Flow (FCF) yield of approximately 2.25%. Compared to its 3-year average FCF yield of 1.91%, the current FCF yield is approximately 17.99% lower. Relative to its 5-year average FCF yield of 1.94% , the current FCF yield is about 16.45% lower.

49.00

P/B

Median3y

53.49

Median5y

47.46

2.23

FCF Yield

Median3y

1.91

Median5y

1.94

Competitors Valuation Multiple

The average P/S ratio for MANH's competitors is 4.94, providing a benchmark for relative valuation. Manhattan Associates Inc Corp (MANH) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 2.68%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

MANH.O

Manhattan Associates Inc

Jack Henry & Associates Inc

Descartes Systems Group Inc

Performance Decomposition

Market capitalization of MANH decreased by 13.99% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 19.89 to 20.84.

The secondary factor is the Revenue Growth, contributed 2.68%to the performance.

Overall, the performance of MANH in the past 1 year is driven by Margin Expansion. Which is more sustainable.

2.68%

265.32M → 272.42M

Revenue Growth

4.78%

19.89 → 20.84

Margin Expansion

-21.45%

80.32 → 63.09

P/E Change

-13.99%