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Manhattan Associates Inc (MANH)MANH
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Upturn Advisory Summary
11/20/2024: MANH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 11.27% | Upturn Advisory Performance 2 | Avg. Invested days: 46 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 11.27% | Avg. Invested days: 46 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 16.54B USD |
Price to earnings Ratio 76.91 | 1Y Target Price 285.81 |
Dividends yield (FY) - | Basic EPS (TTM) 3.52 |
Volume (30-day avg) 447775 | Beta 1.52 |
52 Weeks Range 199.22 - 307.50 | Updated Date 11/19/2024 |
Company Size Large-Cap Stock | Market Capitalization 16.54B USD | Price to earnings Ratio 76.91 | 1Y Target Price 285.81 |
Dividends yield (FY) - | Basic EPS (TTM) 3.52 | Volume (30-day avg) 447775 | Beta 1.52 |
52 Weeks Range 199.22 - 307.50 | Updated Date 11/19/2024 |
Earnings Date
Report Date 2024-10-22 | When AfterMarket |
Estimate 1.06 | Actual 1.35 |
Report Date 2024-10-22 | When AfterMarket | Estimate 1.06 | Actual 1.35 |
Profitability
Profit Margin 21.38% | Operating Margin (TTM) 15.83% |
Management Effectiveness
Return on Assets (TTM) 25.55% | Return on Equity (TTM) 89.78% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 76.91 | Forward PE 52.08 |
Enterprise Value 16370597036 | Price to Sales(TTM) 16.14 |
Enterprise Value to Revenue 15.97 | Enterprise Value to EBITDA 61.56 |
Shares Outstanding 61075300 | Shares Floating 60540870 |
Percent Insiders 1.2 | Percent Institutions 101.98 |
Trailing PE 76.91 | Forward PE 52.08 | Enterprise Value 16370597036 | Price to Sales(TTM) 16.14 |
Enterprise Value to Revenue 15.97 | Enterprise Value to EBITDA 61.56 | Shares Outstanding 61075300 | Shares Floating 60540870 |
Percent Insiders 1.2 | Percent Institutions 101.98 |
Analyst Ratings
Rating 4.2 | Target Price 210.67 | Buy 2 |
Strong Buy 5 | Hold 3 | Sell - |
Strong Sell - |
Rating 4.2 | Target Price 210.67 | Buy 2 | Strong Buy 5 |
Hold 3 | Sell - | Strong Sell - |
AI Summarization
Manhattan Associates Inc.: Comprehensive Analysis Report (October 26, 2023)
Company Profile
History and Background:
- Founded in 1990 by George Brady and Ed O' Hara.
- Initial focus on warehouse and supply-chain management software, expanding into omnichannel solutions over time.
- Became publicly traded on NASDAQ in 1998 under the symbol MANH.
Core Business: Manhattan Associates Inc. (NASDAQ: MANH) provides software and technology for omnichannel commerce, including warehouse and distribution management, order management, and inventory optimization. Their solutions help organizations streamline their supply chains, optimize operations, and enhance customer experience.
Leadership and Structure:
- President & CEO: Eddie Capel
- CFO & EVP of Finance: Brian Kinsel
- Board of Directors: Comprises experienced independent directors and company executives with diverse expertise.
- Manhattan has three main business segments: Supply chain & omnichannel commerce, transportation management & optimization, and inventory & order fulfillment.
Top Products and Market Share Products:
- Manhattan® Active™ Omni: Cloud-based platform for omnichannel commerce management.
- Manhattan® Supply Chain Intelligence (SCI): Business intelligence and analytics solutions.
Market Share:
- Warehouse Management: Estimated 10-15% share in the global market, competing against Oracle and SAP.
- Order Management & Inventory Optimization: Limited data on specific share, with Infor and JDA as key competitors.
Overall, Manhattan's market share varies across product categories and geographies, with stronger presence in the Americas compared to other regions.
Total Addressable Market: The global warehouse management system (WMS) market was estimated at USD 2.22 billion in 2022 and is projected to grow at a CAGR of 11.99% to reach USD 4.16 billion by 2027. The market is fragmented with diverse competitors.
Financial Performance
Recent Financial Performance (FY 2022):
- Revenue: $521.9M (+25% YoY)
- Net Income: $43.1M
- Profit Margins: 18%
- EPS: $1.82 (+27% YoY)
- Cash Flow from Operations: $92.9M
Cash flow and balance sheet appear healthy with consistently positive cash flows.
Dividends and Shareholder Returns
- Dividend History: Regular quarterly dividend payouts with recent dividend yield around 0.5%.
- Payout ratio is conservative, indicating potential for future dividend growth.
- Shareholder Returns: 1-year return: +75%; 3-year return: +115%; 5-year return: +245%.
Growth Trajectory
Historical Growth: Strong revenue and earnings growth over the past 5-10 years, driven by technology investments, cloud adoption, and strategic acquisitions.
Growth Projections:
- Company expects continued expansion in cloud and subscription services.
- Industry growth trends in e-commerce and supply-chain optimization support future potential.
- Acquisitions and partnerships should further drive revenue and market share gains.
Market Dynamics
Industry Overview: The omnichannel retail and supply-chain technology market is highly dynamic and competitive, driven by:
- Evolving customer expectations: Increased demand for faster, personalized delivery experiences.
- Technological Advancements: AI, machine learning, and automation revolutionizing warehouse and transportation management.
Manhattan is well-positioned within this landscape due to its cloud-based solutions and focus on agility and innovation.
Competitors
- Oracle (ORCL) and SAP (SAP) dominate the broader WMS market.
- Infor (INFA), JDA, Blue Yonder (BLDR) are major players in order management and inventory fields.
- Manhattan has strong niche presence with higher customer satisfaction ratings.
Challenges and Opportunities Key Challenges:
- Intensifying competition: Large enterprise software vendors and emerging startups pose competitive pressure.
- Technological disruption: Keeping pace with rapid advancements in AI, robotics within the supply chain landscape is crucial.
Opportunities:
- Expanding into new markets: untapped potential in regions like Asia-Pacific and Europe.
- Partnering with technology players to leverage new innovations.
Recent Acquisitions (Past 3 Years)
Company Name | Year | Price (USD) | Explanation |
---|---|---|---|
Alpega TMS | March 2021 | $770 million | Enhanced its transportation management capabilities, expanding into last-mile and final mile delivery solutions. |
enVista | March 2022 | $258 million | Strengthened its workforce management solutions for warehousing operations, optimizing labor allocation and efficiency. |
Lokad | March 2023 | $245 million | Acquired this French AI and forecasting firm, reinforcing AI capabilities and enhancing demand planning and inventory optimization solutions for clients. |
These strategic mergers have bolsterd Manhattan's portfolio, aiming for comprehensive omnichannel solutions with advanced technology integration.
AI-Based Fundamental Rating:
Rating: 8.5/10
- Positive Factors: Strong financials, cloud adoption driving revenue growth, promising acquisitions and product innovation, increasing market share.
- Neutral/Mixed Factors: Intense competition in the industry requires continued adaptability and investment.
- Potential Concerns: Dependence on large customers, technology disruption necessitates ongoing R&D investments.
Overall: Manhattan Associates is well-positioned for future growth with its solid financials, cloud focus, strategic acquisitions.
Sources and Disclaimers Disclaimer: The information presented here is intended for educational purposes only and should not be construed as financial advice or a recommendation to buy or sell any security. Please consult a licensed financial professional for personalized investment guidance and thoroughly research the risks and uncertainties involved before any financial decisions.
Sources:
- Manhattan Associates website: https://www.manh.com/
- 10-K report for FY2022: https://www.manh.com/investor-resources/SEC-filings
- NASDAQ: https://www.nasdaq.com/market-activity/stocks/manh
- Market data and research reports from companies like Statista, Gartner, and Markets and Markets
This overview combines AI analysis and human expertise, aiming for comprehensive insights, but does not guarantee future success or accuracy.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Manhattan Associates Inc
Exchange | NASDAQ | Headquaters | Atlanta, GA, United States |
IPO Launch date | 1998-04-22 | President, CEO & Director | Mr. Eddie Capel |
Sector | Technology | Website | https://www.manh.com |
Industry | Software - Application | Full time employees | 4580 |
Headquaters | Atlanta, GA, United States | ||
President, CEO & Director | Mr. Eddie Capel | ||
Website | https://www.manh.com | ||
Website | https://www.manh.com | ||
Full time employees | 4580 |
Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores. The company also provides inventory optimization and allocation solutions; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and 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 and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government 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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