MANHATTAN ASSOCIATES, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 220.1 USD | +2.65% |
|
-0.62% | +2.22% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,096 | 6,682 | 9,840 | 7,575 | 13,256 | 13,551 | - | - |
| Enterprise Value (EV) 1 | 4,985 | 6,477 | 9,576 | 7,350 | 12,985 | 13,174 | 12,911 | 13,093 |
| P/E ratio | 60.4 x | 77.3 x | 90.4 x | 59.8 x | 76.4 x | 77.1 x | 69 x | 55.6 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 8.25 x | 11.4 x | 14.8 x | 9.88 x | 14.3 x | 13.1 x | 11.7 x | 10.5 x |
| EV / Revenue | 8.07 x | 11 x | 14.4 x | 9.58 x | 14 x | 12.7 x | 11.2 x | 10.1 x |
| EV / EBITDA | 32 x | 41.4 x | 51.6 x | 33.6 x | 45.2 x | 41.9 x | 36.5 x | 31.5 x |
| EV / FCF | 37.8 x | 46.9 x | 52.9 x | 42.5 x | 53.8 x | 48.2 x | 41.9 x | 35.5 x |
| FCF Yield | 2.64% | 2.13% | 1.89% | 2.35% | 1.86% | 2.08% | 2.39% | 2.82% |
| 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 | 220.1 | 220.1 | 220.1 |
| 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 | 1,033 | 1,154 | 1,293 |
| EBITDA 1 | 155.8 | 156.4 | 185.5 | 218.7 | 287.2 | 314.7 | 353.4 | 415.3 |
| EBIT 1 | 148.2 | 147.8 | 177.9 | 212.1 | 281.5 | 307.3 | 349.2 | 408.1 |
| Operating Margin | 23.98% | 25.21% | 26.8% | 27.65% | 30.31% | 29.73% | 30.26% | 31.56% |
| Earnings before Tax (EBT) 1 | 116.1 | 113.8 | 134.1 | 158.1 | 213.7 | 221.5 | 253.9 | 314.6 |
| Net income 1 | 85.76 | 87.24 | 110.5 | 129 | 176.6 | 180.2 | 202 | 246.7 |
| Net margin | 13.88% | 14.88% | 16.65% | 16.81% | 19.01% | 17.43% | 17.51% | 19.08% |
| EPS 2 | 1.320 | 1.360 | 1.720 | 2.030 | 2.820 | 2.856 | 3.190 | 3.956 |
| Free Cash Flow 1 | 131.7 | 138.2 | 181.2 | 173 | 241.5 | 273.6 | 308 | 368.7 |
| FCF margin | 21.31% | 23.56% | 27.3% | 22.56% | 26% | 26.47% | 26.69% | 28.51% |
| FCF Conversion (EBITDA) | 84.57% | 88.36% | 97.66% | 79.11% | 84.08% | 86.94% | 87.13% | 88.78% |
| FCF Conversion (Net income) | 153.58% | 158.36% | 163.99% | 134.18% | 136.77% | 151.84% | 152.45% | 149.44% |
| 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 | 277.9 | 286.4 |
| 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 | 75.54 | 77.59 | 73.43 | 83.31 | 85.97 |
| Operating Margin | 22.78% | 26.88% | 27.51% | 25.9% | 30.22% | 28.83% | 29.61% | 30.4% | 32.25% | 31.32% | 29.54% | 29.46% | 28.54% | 29.98% | 30.02% |
| 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 | 42.48 | 44.4 | 41.75 | 48.08 | 49.32 |
| Net margin | 12% | 17.09% | 16.06% | 14.98% | 19.12% | 17.55% | 17.15% | 20.73% | 20.46% | 21.14% | 16.61% | 16.86% | 16.22% | 17.3% | 17.22% |
| 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 | 377 | 640 | 457 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 132 | 138 | 181 | 173 | 241 | 274 | 308 | 369 |
| ROE (net income / shareholders' equity) | - | 48.3% | 47.1% | 54% | 69.9% | 78.1% | 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 | 808 | 1,063 | 1,312 |
| 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 | 8.19 | 8.89 | 10.4 |
| Capex / Sales | 2.46% | 0.47% | 0.61% | 0.86% | 0.51% | 0.79% | 0.77% | 0.81% |
| 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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
220.1
USD
Average target price
242.9
USD
Spread / Average Target
+10.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.22% | 13.55B | |
| -17.07% | 183B | |
| -0.04% | 163B | |
| +2.34% | 154B | |
| +5.50% | 101B | |
| +14.15% | 83.86B | |
| +34.02% | 83.27B | |
| -4.92% | 71.02B | |
| -32.52% | 44.96B | |
| -5.25% | 43.63B |
- Stock Market
- Equities
- MANH Stock
- Financials Manhattan Associates, Inc.
