MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
FRA:DWD - US6174464486 - Common Stock
129.84 EUR
+3.78 (+3%)
DWD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 109 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 is not valued too expensively and it also shows a decent growth rate. Finally DWD also has an excellent dividend rating.
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.
The reported operating cash flow has been mixed in the past 5 years: DWD reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.04%, DWD is in line with its industry, outperforming 54.13% of the companies in the same industry.
DWD has a better Return On Equity (13.07%) than 73.39% of its industry peers.
DWD has a Return On Invested Capital (1.34%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for DWD is significantly below the industry average of 8.66%.
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
DWD's Profit Margin of 12.51% is in line compared to the rest of the industry. DWD outperforms 56.88% of its industry peers.
DWD's Profit Margin has declined in the last couple of years.
The Operating Margin of DWD (17.07%) is better than 65.14% of its industry peers.
DWD's Operating Margin has declined in the last couple of years.
DWD's Gross Margin of 54.42% is fine compared to the rest of the industry. DWD outperforms 72.48% of its industry peers.
DWD's Gross Margin has declined in the last couple of years.
| 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 (-0.09) which is comparable to the rest of the industry.
DWD has a Debt/Equity ratio of 7.45. This is a high value indicating a heavy dependency on external 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 67.89% 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
DWD has a Current 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 Current ratio, with a value of 0.29, DWD is in line with its industry, outperforming 44.04% of the companies in the same industry.
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 44.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
DWD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.19%, which is quite impressive.
DWD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.88% yearly.
Looking at the last year, DWD shows a quite strong growth in Revenue. The Revenue has grown by 10.36% in the last year.
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
DWD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.26% yearly.
DWD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.32% yearly.
EPS Next Y15.42%
EPS Next 2Y11.49%
EPS Next 3Y10.88%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.27, DWD is valued on the expensive side.
DWD's Price/Earnings ratio is a bit cheaper when compared to the industry. DWD is cheaper than 66.97% of the companies in the same industry.
When comparing the Price/Earnings ratio of DWD to the average of the S&P500 Index (27.07), we can say DWD is valued slightly cheaper.
A Price/Forward Earnings ratio of 15.45 indicates a correct valuation of DWD.
Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than 74.31% of the companies in the same industry.
DWD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.27 | ||
| Fwd PE | 15.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DWD is valued a bit cheaper than the industry average as 73.39% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.96 |
4.3 Compensation for Growth
DWD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.12
PEG (5Y)1.95
EPS Next 2Y11.49%
EPS Next 3Y10.88%
5. Dividend
5.1 Amount
DWD has a Yearly Dividend Yield of 5.91%, which is a nice return.
Compared to an average industry Dividend Yield of 6.20, DWD pays a better dividend. On top of this DWD pays more dividend than 88.07% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.46, DWD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.91% |
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
45.08% of the earnings are spent on dividend by DWD. This is a bit on the high side, but may be sustainable.
The dividend of DWD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP45.08%
EPS Next 2Y11.49%
EPS Next 3Y10.88%
FRA:DWD (9/9/2025, 7:00:00 PM)
129.84
+3.78 (+3%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners63.02%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap207.27B
Analysts73.13
Price Target127.24 (-2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.91% |
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)1.37%
PT rev (3m)12.51%
EPS NQ rev (1m)-0.02%
EPS NQ rev (3m)-2.66%
EPS NY rev (1m)3.33%
EPS NY rev (3m)2.67%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)2.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.27 | ||
| Fwd PE | 15.45 | ||
| P/S | 2.15 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.25 | ||
| P/tB | 2.85 | ||
| EV/EBITDA | 19.96 |
EPS(TTM)7.52
EY5.79%
EPS(NY)8.4
Fwd EY6.47%
FCF(TTM)-11.17
FCFYN/A
OCF(TTM)-9.43
OCFYN/A
SpS60.28
BVpS57.71
TBVpS45.48
PEG (NY)1.12
PEG (5Y)1.95
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 Y15.42%
EPS Next 2Y11.49%
EPS Next 3Y10.88%
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%