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Manhattan Associates (MEX:MANH) Cyclically Adjusted FCF per Share : MXN64.14 (As of Mar. 2025)


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What is Manhattan Associates Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Manhattan Associates's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN24.728. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN64.14 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Manhattan Associates's average Cyclically Adjusted FCF Growth Rate was 15.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Manhattan Associates was 20.30% per year. The lowest was 8.80% per year. And the median was 15.35% per year.

As of today (2025-05-25), Manhattan Associates's current stock price is MXN3295.15. Manhattan Associates's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN64.14. Manhattan Associates's Cyclically Adjusted Price-to-FCF of today is 51.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Manhattan Associates was 105.43. The lowest was 31.11. And the median was 63.09.


Manhattan Associates Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Manhattan Associates's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Manhattan Associates Cyclically Adjusted FCF per Share Chart

Manhattan Associates Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 45.74 45.82 65.35

Manhattan Associates Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.96 46.17 54.10 65.35 64.14

Competitive Comparison of Manhattan Associates's Cyclically Adjusted FCF per Share

For the Software - Application subindustry, Manhattan Associates's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Manhattan Associates's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Manhattan Associates's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Manhattan Associates's Cyclically Adjusted Price-to-FCF falls into.


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Manhattan Associates Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Manhattan Associates's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=24.728/134.9266*134.9266
=24.728

Current CPI (Mar. 2025) = 134.9266.

Manhattan Associates Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 5.258 100.684 7.046
201509 8.590 100.392 11.545
201512 7.994 99.792 10.808
201603 9.081 100.470 12.195
201606 4.322 101.688 5.735
201609 10.951 101.861 14.506
201612 10.557 101.863 13.984
201703 16.213 102.862 21.267
201706 2.449 103.349 3.197
201709 11.248 104.136 14.574
201712 12.871 104.011 16.697
201803 13.176 105.290 16.885
201806 4.404 106.317 5.589
201809 9.577 106.507 12.132
201812 9.658 105.998 12.294
201903 10.285 107.251 12.939
201906 10.190 108.070 12.722
201909 9.686 108.329 12.064
201912 8.905 108.420 11.082
202003 3.769 108.902 4.670
202006 17.383 108.767 21.564
202009 14.505 109.815 17.822
202012 11.488 109.897 14.104
202103 12.466 111.754 15.051
202106 13.908 114.631 16.370
202109 18.789 115.734 21.905
202112 12.206 117.630 14.001
202203 9.549 121.301 10.622
202206 16.371 125.017 17.669
202209 12.105 125.227 13.043
202212 16.290 125.222 17.552
202303 16.670 127.348 17.662
202306 10.863 128.729 11.386
202309 16.071 129.860 16.698
202312 23.303 129.419 24.295
202403 13.920 131.776 14.253
202406 20.953 132.554 21.328
202409 19.481 133.029 19.759
202412 34.073 133.157 34.526
202503 24.728 134.927 24.728

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Manhattan Associates  (MEX:MANH) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Manhattan Associates's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3295.15/64.14
=51.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Manhattan Associates was 105.43. The lowest was 31.11. And the median was 63.09.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Manhattan Associates Cyclically Adjusted FCF per Share Related Terms

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Manhattan Associates Business Description

Industry
Traded in Other Exchanges
Address
2300 Windy Ridge Parkway, Tenth Floor, Atlanta, GA, USA, 30339
Manhattan Associates Inc provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.

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