WallStSmart

Manhattan Associates Inc (MANH)vsShopify Inc (SHOP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shopify Inc generates 969% more annual revenue ($11.56B vs $1.08B). MANH leads profitability with a 20.3% profit margin vs 10.6%. MANH appears more attractively valued with a PEG of 1.77. MANH earns a higher WallStSmart Score of 60/100 (C+).

MANH

Buy

60

out of 100

Grade: C+

Growth: 6.7Profit: 9.0Value: 7.3Quality: 6.3
Piotroski: 4/9Altman Z: 3.53

SHOP

Hold

48

out of 100

Grade: D+

Growth: 7.3Profit: 7.0Value: 2.0Quality: 8.5
Piotroski: 3/9Altman Z: 4.73
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MANHSignificantly Overvalued (-482.9%)

Margin of Safety

-482.9%

Fair Value

$24.48

Current Price

$130.53

$106.05 premium

UndervaluedFair: $24.48Overvalued
SHOPSignificantly Overvalued (-1729.9%)

Margin of Safety

-1729.9%

Fair Value

$6.39

Current Price

$118.42

$112.03 premium

UndervaluedFair: $6.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MANH4 strengths · Avg: 9.3/10
Return on EquityProfitability
71.7%10/10

Every $100 of equity generates 72 in profit

Altman Z-ScoreHealth
3.5310/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

Revenue GrowthGrowth
16.6%8/10

16.6% revenue growth

SHOP5 strengths · Avg: 9.4/10
Revenue GrowthGrowth
30.6%10/10

Revenue surging 30.6% year-over-year

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.7310/10

Safe zone — low bankruptcy risk

Market CapQuality
$151.59B9/10

Large-cap with strong market position

Operating MarginProfitability
20.3%8/10

Strong operational efficiency at 20.3%

Areas to Watch

MANH4 concerns · Avg: 3.5/10
PEG RatioValuation
1.774/10

Expensive relative to growth rate

P/E RatioValuation
36.9x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Price/BookValuation
24.8x2/10

Trading at 24.8x book value

SHOP4 concerns · Avg: 2.8/10
Price/BookValuation
11.5x4/10

Trading at 11.5x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
9.562/10

Expensive relative to growth rate

P/E RatioValuation
123.6x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : MANH

The strongest argument for MANH centers on Return on Equity, Altman Z-Score, Profit Margin. Profitability is solid with margins at 20.3% and operating margin at 15.8%. Revenue growth of 16.6% demonstrates continued momentum.

Bull Case : SHOP

The strongest argument for SHOP centers on Revenue Growth, Debt/Equity, Altman Z-Score. Revenue growth of 30.6% demonstrates continued momentum.

Bear Case : MANH

The primary concerns for MANH are PEG Ratio, P/E Ratio, EPS Growth.

Bear Case : SHOP

The primary concerns for SHOP are Price/Book, Piotroski F-Score, PEG Ratio. A P/E of 123.6x leaves little room for execution misses.

Key Dynamics to Monitor

SHOP carries more volatility with a beta of 2.90 — expect wider price swings.

SHOP is growing revenue faster at 30.6% — sustainability is the question.

SHOP generates stronger free cash flow (715M), providing more financial flexibility.

Monitor SOFTWARE - APPLICATION industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MANH scores higher overall (60/100 vs 48/100), backed by strong 20.3% margins and 16.6% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Manhattan Associates Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Manhattan Associates, Inc. develops, sells, implements, services, and maintains software solutions to manage supply chains, inventory, and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company is headquartered in Atlanta, Georgia.

Shopify Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Shopify Inc., a commerce company, offers a commerce and service platform in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company is headquartered in Ottawa, Canada.

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