Manhattan Associates, Inc. — Software - Application. Scored on the same transparent model behind the daily rankings.
★
MANH
Manhattan Associates, Inc. · Software - Application
FCF$380mC
Rev+4.8%C+
D/E0.27B
P/E57.1xC+
PEG1.95C+
67.2Score
$204.02$12.1B
1Y Target$185.45Analyst consensus · 11 analysts
5Y Target$271.52Compound horizon
10Y Target$402.79Long-dated conviction
FCF$380mTTMC
FCF $380m — modest; watch for margin expansion
Rev+4.8%TTM YoYC+
Revenue +4.8% — steady but below market-beating range
D/E0.27B
D/E 0.27 — near the Technology debt median (≈60th pctile)
P/E57.1xC+
P/E 57.1 — above the Technology median (≈75th pctile)
PEG1.95C+
PEG 1.95 — modest premium; above fair value
Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.
Quality-growth score · 67.2
Quality0.90
Growth0.74
Value0.45
Why this score
Buying back stock
Durable high returns
Entry · Margin of safety
52-week rangeNear 52-week high
11% off the 12-month high
vs DCF fair value76% aboveest. fair value ~$116
What the price assumes: free cash flow compounding at ~22% a year for the next decade — vs the ~11% a year our model projects from current growth and analyst estimates.
Quality signals · context only
Gross profitability83% · Agross profit ÷ total assets (Novy-Marx)
ROIC108.4% · Areturn on invested capital — not score-weighted
Why now
Software - Application · market cap $12.1b. 11% off the 52-week high of $229.58. 11 sell-side analysts rate this a Buy with a mean 1-yr target of $185.45 (implying -9% upside).
Moat
Net margin 20% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. FCF converts 175% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined. Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Trailing P/E 57.1x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. P/S 11.0x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Horizon
1-3 yr $185.45 (11-analyst consensus) — fundamentals + valuation re-rating. 5 yr $271.52 at ~6% CAGR — compounding case rests on the competitive position widening. 10 yr $402.79 if current growth sustains into durable earnings power.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
MANH vs the Top Picks average
Pillar
MANH
Book avg
Diff
Quality
0.90
0.82
+0.08
Growth
0.74
0.90
-0.16
Value
0.45
0.75
-0.30
Averaged across the 30 names in today's Top Picks (mean score 81.8). A name can beat these averages and still be absent from the book — it also applies concentration limits.
Score history · MANH
Trend
-5.5 over 32 daily scores
From 69.2 (Jun 22) → 63.7 (now)
One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.
Position sizing · MANH
$
%
%
Shares to buy
9
Position size
$1,836
3.7% of portfolio
Stop price
$153.02
25% below $204.02
$ at risk if stopped
$459.05
budget $500.00 · 1% of portfolio
Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.
Manhattan Associates, Inc. (MANH): score, valuation & FAQ
Manhattan Associates, Inc. (MANH) is a Software - Application company that scores 67.2 out of 100 on the Bull Rankings quality-growth model — a solid, above-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.
On valuation, MANH sits about 76% above our discounted-cash-flow fair value — the current price implies roughly 22% annual free-cash-flow growth over the next decade.
Is MANH a good stock to buy?
Bull Rankings scores MANH 67.2 out of 100 on its quality-growth model, which is a solid, above-average reading. A score is a quantitative screen of Manhattan Associates, Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.
Why does MANH score 67.2 on Bull Rankings?
The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). MANH grades middle-of-pack across the strip. Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.
Is MANH overvalued or undervalued?
Based on $204.02, MANH sits about 76% above our discounted-cash-flow fair value — the current price implies roughly 22% annual free-cash-flow growth over the next decade. It trades at a 57.1x× P/E (graded C+). Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.
What are the main risks of investing in MANH?
Trailing P/E 57.1x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. P/S 11.0x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial adviser.