$Manhattan Associates (MANH.US)$In the analysis on December ...

A US company listed in 1998, mainly engaged in software solutions business, with its main market in the Americas. The current price is 210.

Over the past 5 years, revenue has grown for 4 years except in 2020, with an average growth rate of 10.7%. Operating profit shrank in the first two years and grew in the next three years, with an average growth rate of 9.4%. Net income has an average growth rate of 11% and an average growth rate of 26.6% in the past 3 years. There has been no interest in recent years. The gross margin has remained around 54% in the past 5 years, and the net margin has increased from 13.9% to 19%.

Q1 2024 revenue increased by 15.2%, operating profit increased by 22.4%, and net income increased by 38.7%.

Over the past 5 years, the asset-liability ratio has decreased from 61.8% to 58.7%, and both total assets and net assets have grown significantly.

Currently, the PE ratio is 74.4, the TTM PE ratio is 68.5. If the net income increases by double in the next 3 years based on the recent 3-year growth rate, the corresponding PE ratio would be 37, which still indicates a somewhat high valuation. It may be advisable to continue observing.