MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
Europe - FRA:DWD - US6174464486 - Common Stock
136.36 EUR
-1.08 (-0.79%)
DWD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 116 industry peers in the Capital Markets industry. While DWD is still in line with the averages on profitability rating, there are concerns on its financial health. DWD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
DWD had positive earnings in the past year.
DWD had a negative operating cash flow in the past year.
Each year in the past 5 years DWD has been profitable.
In multiple years DWD reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of 1.04%, DWD perfoms like the industry average, outperforming 53.45% of the companies in the same industry.
DWD has a Return On Equity of 13.07%. This is in the better half of the industry: DWD outperforms 73.28% of its industry peers.
DWD's Return On Invested Capital of 1.34% is in line compared to the rest of the industry. DWD outperforms 54.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DWD is significantly below the industry average of 8.51%.
The 3 year average ROIC (1.17%) for DWD is below the current ROIC(1.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.04% | ||
| ROE | 13.07% | ||
| ROIC | 1.34% |
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
Looking at the Profit Margin, with a value of 12.51%, DWD is in line with its industry, outperforming 53.45% of the companies in the same industry.
DWD's Profit Margin has declined in the last couple of years.
The Operating Margin of DWD (17.07%) is better than 63.79% of its industry peers.
DWD's Operating Margin has declined in the last couple of years.
The Gross Margin of DWD (54.42%) is better than 68.97% of its industry peers.
In the last couple of years the Gross Margin of DWD has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.07% | ||
| PM (TTM) | 12.51% | ||
| GM | 54.42% |
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
Compared to 1 year ago, DWD has less shares outstanding
DWD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for DWD is higher compared to a year ago.
2.2 Solvency
DWD has an Altman-Z score of -0.09. 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 of -0.09. This is comparable to the rest of the industry: DWD outperforms 40.52% of its industry peers.
A Debt/Equity ratio of 7.45 is on the high side and indicates that DWD has dependencies on debt financing.
DWD's Debt to Equity ratio of 7.45 is on the low side compared to the rest of the industry. DWD is outperformed by 68.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.09 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.29 indicates that DWD may have some problems paying its short term obligations.
DWD has a Current ratio (0.29) which is in line with its industry peers.
DWD has a Quick Ratio of 0.29. This is a bad value and indicates that DWD is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.29, DWD is in line with its industry, outperforming 41.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.19% over the past year.
Measured over the past years, DWD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.88% on average per year.
DWD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.36%.
The Revenue has been growing by 14.79% on average over the past years. This is quite good.
EPS 1Y (TTM)42.19%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%17.03%
Revenue 1Y (TTM)10.36%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%11.81%
3.2 Future
The Earnings Per Share is expected to grow by 10.26% on average over the next years. This is quite good.
Based on estimates for the next years, DWD will show a small growth in Revenue. The Revenue will grow by 6.32% on average per year.
EPS Next Y15.44%
EPS Next 2Y11.58%
EPS Next 3Y11.04%
EPS Next 5Y10.26%
Revenue Next Year11.64%
Revenue Next 2Y8.04%
Revenue Next 3Y6.8%
Revenue Next 5Y6.32%
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 stable.
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 18.11, the valuation of DWD can be described as rather expensive.
Based on the Price/Earnings ratio, DWD is valued a bit cheaper than 66.38% of the companies in the same industry.
When comparing the Price/Earnings ratio of DWD to the average of the S&P500 Index (27.76), we can say DWD is valued slightly cheaper.
The Price/Forward Earnings ratio is 16.17, which indicates a correct valuation of DWD.
Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than the industry average as 73.28% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.18. DWD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.11 | ||
| Fwd PE | 16.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DWD is valued a bit cheaper than 74.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.44 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.17
PEG (5Y)2.04
EPS Next 2Y11.58%
EPS Next 3Y11.04%
5. Dividend
5.1 Amount
DWD has a Yearly Dividend Yield of 2.52%. Purely for dividend investing, there may be better candidates out there.
DWD's Dividend Yield is a higher than the industry average which is at 5.80.
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
The dividend of DWD is nicely growing with an annual growth rate of 18.94%!
Dividend Growth(5Y)18.94%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
45.08% 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.
DP45.08%
EPS Next 2Y11.58%
EPS Next 3Y11.04%
FRA:DWD (9/29/2025, 7:00:00 PM)
136.36
-1.08 (-0.79%)
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 Cap217.68B
Analysts73.13
Price Target126.23 (-7.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
Yearly Dividend3.25
Dividend Growth(5Y)18.94%
DP45.08%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.13%
Min EPS beat(2)5.77%
Max EPS beat(2)14.48%
EPS beat(4)4
Avg EPS beat(4)15.64%
Min EPS beat(4)5.77%
Max EPS beat(4)27.07%
EPS beat(8)7
Avg EPS beat(8)10.97%
EPS beat(12)10
Avg EPS beat(12)7.76%
EPS beat(16)13
Avg EPS beat(16)7.12%
Revenue beat(2)2
Avg Revenue beat(2)2.67%
Min Revenue beat(2)1.43%
Max Revenue beat(2)3.91%
Revenue beat(4)4
Avg Revenue beat(4)3.45%
Min Revenue beat(4)1.43%
Max Revenue beat(4)4.78%
Revenue beat(8)6
Avg Revenue beat(8)1.67%
Revenue beat(12)9
Avg Revenue beat(12)12.16%
Revenue beat(16)12
Avg Revenue beat(16)9.8%
PT rev (1m)-0.8%
PT rev (3m)11.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.47%
EPS NY rev (1m)0.03%
EPS NY rev (3m)2.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.11 | ||
| Fwd PE | 16.17 | ||
| P/S | 2.26 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.36 | ||
| P/tB | 2.99 | ||
| EV/EBITDA | 20.44 |
EPS(TTM)7.53
EY5.52%
EPS(NY)8.43
Fwd EY6.18%
FCF(TTM)-11.19
FCFYN/A
OCF(TTM)-9.44
OCFYN/A
SpS60.39
BVpS57.81
TBVpS45.56
PEG (NY)1.17
PEG (5Y)2.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.04% | ||
| ROE | 13.07% | ||
| ROCE | 3.03% | ||
| ROIC | 1.34% | ||
| ROICexc | 1.49% | ||
| ROICexgc | 1.57% | ||
| OM | 17.07% | ||
| PM (TTM) | 12.51% | ||
| GM | 54.42% | ||
| 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%
ROICexcg growth 3Y-7.03%
ROICexcg 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-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.45 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 33.05 | ||
| Cap/Depr | 64.3% | ||
| Cap/Sales | 2.89% | ||
| Interest Coverage | 0.4 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | -0.09 |
F-Score5
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)42.19%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%17.03%
EPS Next Y15.44%
EPS Next 2Y11.58%
EPS Next 3Y11.04%
EPS Next 5Y10.26%
Revenue 1Y (TTM)10.36%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%11.81%
Revenue Next Year11.64%
Revenue Next 2Y8.04%
Revenue Next 3Y6.8%
Revenue Next 5Y6.32%
EBIT growth 1Y35.01%
EBIT growth 3Y-3.64%
EBIT growth 5Y9.26%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y52.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y56.99%
OCF growth 3Y-65.77%
OCF growth 5Y-49.33%