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Intrinsic Value

MANHATTAN ASSOCIATES INC · MANH

DCF

Conservative

More adverse but historically defensible assumptions.

$46.68

Base

The model's central intrinsic-value estimate.

$73.88

Optimistic

More favorable but historically defensible assumptions.

$136.94

Scenarios are the same model run under different but historically defensible assumptions. They are not price targets. Where a valuation gap is shown it is a comparison with a recent close, not a forecast return; where the price is stale, no gap is shown at all.

Model confidence: 75%Valuation as of Sep 21, 2026Latest filing used Feb 4, 2026

Confidence reflects data completeness, accounting quality, and model reliability. It is not a probability of future price.

Valuation drivers
Normalized operating margin
24.1%
Normalized NOPAT margin
19.3%
Revenue growth
10.5%
WACC
9.20%
Terminal growth
2.50%
Reinvestment method
incremental roic
Terminal-value share
58.7%
Model notes (3)
  • Interest-bearing debt unavailable
  • Minority interest not reported
  • Preferred equity not reported
Model details
Normalization
V1
Scenario
V2
Confidence
V1
Engine version
valuation-1.0.1-share-units-terminal
Data snapshot
filed:2026-02-04