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Earnings transcript
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MANH
Manhattan Associates, Inc.
$134.56
0.26
(0.19%)
[ms_data_label text=’Delayed data’]
| Exchange: | NASDAQ |
| Market Cap: | 8.108B |
| Shares Outstanding: | 79.048M |
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Eric A. Clark | |||||
| Full Time Employees: | 4690 | |||||
| Address: |
| |||||
| Website: | https://www.manh.com |
Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions. The company also provides inventory optimization, planning, and allocation solutions; maintenance services comprising customer support services and software enhancements; professional services, such as solutions planning and implementation, and related consulting services; and training and change management services. In addition, it resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel, as well as through partnership agreements with various organizations. It serves grocery, food and beverage, manufacturing, medical and pharmaceutical, retail, third-party logistics, and wholesale industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 928,725 | 1,042,352 | 1,081,392 |
| Gross Profit | 492,359 | 565,071 | 602,736 |
| EBITDA | 215,633 | 267,897 | 292,211 |
| Operating Income | 209,881 | 261,596 | 282,737 |
| Net Income | 176,568 | 218,364 | 219,948 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 673,353 | 757,551 | 839,388 |
| Total Liabilities | 395,075 | 458,425 | 524,623 |
| Total Stockholders Equity | 278,278 | 299,126 | 314,765 |
| Total Debt | 17,694 | 47,794 | 112,360 |
| Cash and Cash Equivalents | 270,741 | 266,230 | 328,747 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 246,218 | 295,003 | 389,470 |
| Capital Expenditure | -4,730 | -8,675 | -15,457 |
| Free Cash Flow | 241,488 | 286,328 | 374,013 |
| Net Income | 176,568 | 218,364 | 219,948 |
| Net Change in Cash | 45,278 | -4,511 | 62,517 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,485,082.047 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,506,600.506 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,498,702.224 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 510,172.238 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 517,564.503 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 514,851.196 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 487,073.556 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 496,273.783 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 492,896.887 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 254,719.046 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 258,409.860 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 257,055.158 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 8.070 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 8.130 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 7.980 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Growth: MANH has demonstrated consistent revenue increases in recent income statements, reflecting robust demand for its supply chain and inventory management solutions. This growth aligns with industry trends in logistics and e-commerce, positioning the company favorably within the software and technology sector.
- High Profitability Metrics: Key metrics such as gross profit margin TTM and net profit margin TTM indicate superior profitability compared to industry averages, showcasing efficient cost management and strong pricing power in its product offerings.
- Solid Free Cash Flow: The cash flow statements highlight a healthy free cash flow yield TTM, underpinned by strong operating cash flows. This provides financial flexibility for reinvestment in innovation and potential shareholder returns.
- Market Leadership: As per the company profile, MANH holds a significant position in the supply chain software industry, supported by a large market capitalization and a focused product portfolio, enhancing its competitive edge.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MANH intrinsic value between $67.75 – $192.53 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MANH valuation
Is Manhattan Associates, Inc. (MANH) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Manhattan Associates, Inc. (MANH) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MANH a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MANH trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MANH’s P/E ratio?
You can see MANH’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MANH?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MANH a good long-term investment?
Whether MANH fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MANH
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
[ms_data_label text="Daily snapshot"]
0.19
Trading Metrics:
| Open: | [ms_cell_or_dash table='trading_quote' column='open'] | Previous Close: | [ms_cell_or_dash table='trading_quote' column='previousClose'] | |
| Day Low: | [ms_cell_or_dash table='trading_quote' column='dayLow'] | Day High: | [ms_cell_or_dash table='trading_quote' column='dayHigh'] | |
| Year Low: | 126 | Year High: | 247.22 | |
| Price Avg 50: | 143.5 | Price Avg 200: | 181.86 | |
| Volume: | 439489 | Average Volume: | 832932 |
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Login — it's freeMANH full analysis
Welcome to MARKETSNAP’s SWOT analysis for Manhattan Associates! If you’re a long-term investor looking to build wealth with smart stock picks, you’re in the right place. Today, we’re diving deep into Manhattan Associates, a company that might not be a household name like some tech giants, but it’s a serious player in its niche. Let’s break down what makes this company tick, analyze its recent performance, and explore the strengths, weaknesses, opportunities, and threats that could shape its future. Stick…
