MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:DWD - US6174464486 - Common Stock
140.88 EUR
-1.18 (-0.83%)
Taking everything into account, DWD scores 4 out of 10 in our fundamental rating. DWD was compared to 120 industry peers in the Capital Markets industry. There are concerns on the financial health of DWD while its profitability can be described as average. DWD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year DWD was profitable.
DWD had a negative operating cash flow in the past year.
DWD had positive earnings in each of the past 5 years.
In multiple years DWD reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of DWD (1.14%) is comparable to the rest of the industry.
DWD has a better Return On Equity (14.15%) than 71.67% of its industry peers.
DWD's Return On Invested Capital of 1.46% is in line compared to the rest of the industry. DWD outperforms 55.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DWD is significantly below the industry average of 9.33%.
The last Return On Invested Capital (1.46%) for DWD is above the 3 year average (1.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 14.15% | ||
| ROIC | 1.46% |
ROA(3y)0.89%
ROA(5y)0.97%
ROE(3y)10.46%
ROE(5y)11.1%
ROIC(3y)1.17%
ROIC(5y)1.28%
1.3 Margins
With a Profit Margin value of 13.32%, DWD perfoms like the industry average, outperforming 55.83% of the companies in the same industry.
DWD's Profit Margin has declined in the last couple of years.
DWD has a Operating Margin of 18.06%. This is in the better half of the industry: DWD outperforms 62.50% of its industry peers.
In the last couple of years the Operating Margin of DWD has declined.
Looking at the Gross Margin, with a value of 54.99%, DWD is in the better half of the industry, outperforming 69.17% of the companies in the same industry.
DWD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.06% | ||
| PM (TTM) | 13.32% | ||
| GM | 54.99% |
OM growth 3Y-20.12%
OM growth 5Y-4.82%
PM growth 3Y-20.6%
PM growth 5Y-5.48%
GM growth 3Y-16.51%
GM growth 5Y-5.78%
2. Health
2.1 Basic Checks
DWD has less shares outstanding than it did 1 year ago.
DWD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DWD has a worse debt to assets ratio.
2.2 Solvency
DWD has an Altman-Z score of -0.08. This is a bad value and indicates that DWD is not financially healthy and even has some risk of bankruptcy.
DWD has a Altman-Z score (-0.08) which is comparable to the rest of the industry.
DWD has a Debt/Equity ratio of 7.41. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 7.41, DWD is not doing good in the industry: 68.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.08 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
DWD has a Current Ratio of 0.30. This is a bad value and indicates that DWD is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of DWD (0.30) is comparable to the rest of the industry.
A Quick Ratio of 0.30 indicates that DWD may have some problems paying its short term obligations.
DWD has a Quick ratio of 0.30. This is comparable to the rest of the industry: DWD outperforms 40.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 45.31% over the past year.
The Earnings Per Share has been growing by 8.88% on average over the past years. This is quite good.
DWD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.08%.
DWD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.79% yearly.
EPS 1Y (TTM)45.31%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%48.94%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%18.47%
3.2 Future
The Earnings Per Share is expected to grow by 12.43% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.20% on average over the next years.
EPS Next Y28.4%
EPS Next 2Y16.67%
EPS Next 3Y15.06%
EPS Next 5Y12.43%
Revenue Next Year16.5%
Revenue Next 2Y10.88%
Revenue Next 3Y9.15%
Revenue Next 5Y7.2%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.67, the valuation of DWD can be described as correct.
Based on the Price/Earnings ratio, DWD is valued a bit cheaper than 65.83% of the companies in the same industry.
When comparing the Price/Earnings ratio of DWD to the average of the S&P500 Index (25.98), we can say DWD is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 15.05, the valuation of DWD can be described as correct.
Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 35.79. DWD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 15.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DWD is valued a bit cheaper than the industry average as 72.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.35 |
4.3 Compensation for Growth
DWD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as DWD's earnings are expected to grow with 15.06% in the coming years.
PEG (NY)0.59
PEG (5Y)1.88
EPS Next 2Y16.67%
EPS Next 3Y15.06%
5. Dividend
5.1 Amount
DWD has a Yearly Dividend Yield of 2.52%.
Compared to an average industry Dividend Yield of 5.42, DWD pays a bit more dividend than its industry peers.
DWD's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
5.2 History
On average, the dividend of DWD grows each year by 18.94%, which is quite nice.
Dividend Growth(5Y)18.94%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
41.70% of the earnings are spent on dividend by DWD. This is a bit on the high side, but may be sustainable.
DWD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.7%
EPS Next 2Y16.67%
EPS Next 3Y15.06%
FRA:DWD (11/24/2025, 7:00:00 PM)
140.88
-1.18 (-0.83%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners62.51%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap224.14B
Revenue(TTM)116.83B
Net Income(TTM)15.56B
Analysts73.33
Price Target147.73 (4.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
Yearly Dividend3.3
Dividend Growth(5Y)18.94%
DP41.7%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.52%
Min EPS beat(2)5.77%
Max EPS beat(2)29.27%
EPS beat(4)4
Avg EPS beat(4)19.15%
Min EPS beat(4)5.77%
Max EPS beat(4)29.27%
EPS beat(8)7
Avg EPS beat(8)14.05%
EPS beat(12)11
Avg EPS beat(12)10.53%
EPS beat(16)13
Avg EPS beat(16)8.07%
Revenue beat(2)2
Avg Revenue beat(2)3.7%
Min Revenue beat(2)1.43%
Max Revenue beat(2)5.96%
Revenue beat(4)4
Avg Revenue beat(4)4.02%
Min Revenue beat(4)1.43%
Max Revenue beat(4)5.96%
Revenue beat(8)7
Avg Revenue beat(8)2.74%
Revenue beat(12)9
Avg Revenue beat(12)10.9%
Revenue beat(16)12
Avg Revenue beat(16)9.91%
PT rev (1m)13.78%
PT rev (3m)16.1%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)13.14%
EPS NY rev (1m)0.01%
EPS NY rev (3m)11.25%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)5.12%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)4.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 15.05 | ||
| P/S | 2.21 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.35 | ||
| P/tB | 2.97 | ||
| EV/EBITDA | 19.35 |
EPS(TTM)8.45
EY6%
EPS(NY)9.36
Fwd EY6.65%
FCF(TTM)-3.67
FCFYN/A
OCF(TTM)-2
OCFYN/A
SpS63.61
BVpS59.87
TBVpS47.45
PEG (NY)0.59
PEG (5Y)1.88
Graham Number106.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 14.15% | ||
| ROCE | 3.33% | ||
| ROIC | 1.46% | ||
| ROICexc | 1.61% | ||
| ROICexgc | 1.7% | ||
| OM | 18.06% | ||
| PM (TTM) | 13.32% | ||
| GM | 54.99% | ||
| FCFM | N/A |
ROA(3y)0.89%
ROA(5y)0.97%
ROE(3y)10.46%
ROE(5y)11.1%
ROIC(3y)1.17%
ROIC(5y)1.28%
ROICexc(3y)1.31%
ROICexc(5y)1.45%
ROICexgc(3y)1.39%
ROICexgc(5y)1.53%
ROCE(3y)2.71%
ROCE(5y)2.95%
ROICexgc growth 3Y-7.03%
ROICexgc growth 5Y1.53%
ROICexc growth 3Y-6.98%
ROICexc growth 5Y1.26%
OM growth 3Y-20.12%
OM growth 5Y-4.82%
PM growth 3Y-20.6%
PM growth 5Y-5.48%
GM growth 3Y-16.51%
GM growth 5Y-5.78%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.41 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 31.03 | ||
| Cap/Depr | 59.4% | ||
| Cap/Sales | 2.63% | ||
| Interest Coverage | 0.45 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | -0.08 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)74.75%
Cap/Depr(5y)63.46%
Cap/Sales(3y)3.81%
Cap/Sales(5y)3.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)45.31%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%48.94%
EPS Next Y28.4%
EPS Next 2Y16.67%
EPS Next 3Y15.06%
EPS Next 5Y12.43%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%18.47%
Revenue Next Year16.5%
Revenue Next 2Y10.88%
Revenue Next 3Y9.15%
Revenue Next 5Y7.2%
EBIT growth 1Y37.32%
EBIT growth 3Y-3.64%
EBIT growth 5Y9.26%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.65%
OCF growth 3Y-65.77%
OCF growth 5Y-49.33%
MORGAN STANLEY / DWD.DE FAQ
Can you provide the ChartMill fundamental rating for MORGAN STANLEY?
ChartMill assigns a fundamental rating of 4 / 10 to DWD.DE.
Can you provide the valuation status for MORGAN STANLEY?
ChartMill assigns a valuation rating of 5 / 10 to MORGAN STANLEY (DWD.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for MORGAN STANLEY?
MORGAN STANLEY (DWD.DE) has a profitability rating of 4 / 10.
What is the financial health of MORGAN STANLEY (DWD.DE) stock?
The financial health rating of MORGAN STANLEY (DWD.DE) is 1 / 10.
What is the expected EPS growth for MORGAN STANLEY (DWD.DE) stock?
The Earnings per Share (EPS) of MORGAN STANLEY (DWD.DE) is expected to grow by 28.4% in the next year.