Obermatt

Manhattan Associates

NSQ:MANH · US5627501092
SoftwareMedium

360

73
EV / EBIT36
Price / Owner Earnings21
Owner Earnings Yield53
Dividend Yield1
Price/Sales15
EV / Gross Profit28
Price/Book3
Return on Capital100
Cash Return on Capital100
Return on Equity100
EBIT Margin82
Gross Profitability95
Cash Conversion51
Accruals88
Owner Earnings Margin73
Sales growth36
Profit Growth70
Long-Term EPS Growth19
Owner Earnings Growth29
Reinvestment11
Price momentum47
Debt load62
Refinancing41
Debt Payback100
Liquidity1
Analyst ratings45
Opinion Changes42
Price Target Upside38
Market mood65
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Manhattan Associates clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustrySoftware
SizeMedium
TypePublic Company
ExchangeNASDAQGS
Founded1998
Employees4,657
Websitemanh.com
ISINUS5627501092
Last UpdateApr 2, 2026
Themes
RFID (Radio Frequency Identification)Software DevelopmentProcess AutomationCloud ManagementData IntegrationFleet ManagementCloud InfrastructureSoftware

Description

Manhattan Associates, Inc. (‘Manhattan’ or ‘Manhattan Associates’) develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, l…

Analysis

Quality compounder

Manhattan Associates, Inc. is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is expensive. You pay 40.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
13
2023202420252026

All-time high

84

Jan 2024

All-time low

13

Mar 2026

Average rank

41

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
15
10
3
8
Price/Earnings
20
27
25
34
Price/Book
3
2
1
8
Dividend Yield
1
1
1
1
Value (overall)
5
1
1
3

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →