MANH (Manhattan Associates Inc) vs S&P 500 Comparison

MANH

S&P 500

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MANH

S&P 500

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MANH

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

MANH

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PLTR

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Manhattan Associates Inc
Glance View

Economic Moat

Wide

Market Cap

10.3B USD

Industry

Technology

In the bustling heart of the supply chain universe stands Manhattan Associates Inc., a company that thrives on crafting innovative solutions. Founded in 1990, and headquartered in Atlanta, Georgia, Manhattan Associates blends the art and science of supply chain management, enabling businesses worldwide to optimize their logistics and operations. A key player in the software industry, the company designs advanced solutions that cover a comprehensive suite of services, including warehouse management, transportation management, and order management systems. By leveraging cloud-based technology and machine learning, it equips retailers, wholesalers, and manufacturers with the tools needed to grow their capabilities in an increasingly digital and interconnected marketplace. The cornerstone of Manhattan Associates' financial success lies in its ability to provide value-driven software-as-a-service (SaaS) offerings, which generate recurring revenue through subscription models. Clients span various sectors, from apparel and consumer electronics to pharmaceuticals and food service, illustrating the company's versatile approach to meeting diverse industry needs. In addition to subscription services, Manhattan Associates complements its revenue stream with an array of professional and technical services, ensuring seamless integration, support, and customization of its solutions to address each client's unique challenges and objectives. This dynamic approach has cemented Manhattan Associates as a leader in supply chain innovation, transforming logistics into a competitive advantage for its global clientele.

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MANH Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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MANH

vs

S&P 500

Stocks Performance
MANH vs S&P 500

Performance Gap
MANH vs S&P 500

Performance By Year
MANH vs S&P 500

Competitors Performance
Manhattan Associates Inc vs Peers

Manhattan Associates Inc
Glance View

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MANH vs S&P 500

Stocks Performance MANH vs S&P 500

Performance Gap MANH vs S&P 500

Performance By Year MANH vs S&P 500

Competitors Performance Manhattan Associates Inc vs Peers

Manhattan Associates Inc Glance View

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MANH

vs

S&P 500

Stocks Performance
MANH vs S&P 500

Performance Gap
MANH vs S&P 500

Performance By Year
MANH vs S&P 500

Competitors Performance
Manhattan Associates Inc vs Peers

Manhattan Associates Inc
Glance View