FACTSET RESEARCH SYSTEMS INC (FDS) Stock Fundamental Analysis
NYSE:FDS - New York Stock Exchange, Inc. - US3030751057 - Common Stock - Currency: USD
Taking everything into account, FDS scores 5 out of 10 in our fundamental rating. FDS was compared to 233 industry peers in the Capital Markets industry. While FDS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. While showing a medium growth rate, FDS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year FDS was profitable.
FDS had a positive operating cash flow in the past year.
FDS had positive earnings in each of the past 5 years.
Each year in the past 5 years FDS had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 12.28%, FDS belongs to the best of the industry, outperforming 92.70% of the companies in the same industry.
Looking at the Return On Equity, with a value of 24.73%, FDS belongs to the top of the industry, outperforming 92.70% of the companies in the same industry.
With an excellent Return On Invested Capital value of 14.95%, FDS belongs to the best of the industry, outperforming 89.70% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FDS is significantly above the industry average of 7.86%.
The last Return On Invested Capital (14.95%) for FDS is above the 3 year average (14.84%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.28% | ||
| ROE | 24.73% | ||
| ROIC | 14.95% |
ROA(3y)11.65%
ROA(5y)14.16%
ROE(3y)28.93%
ROE(5y)33.54%
ROIC(3y)14.84%
ROIC(5y)16.9%
1.3 Margins
The Profit Margin of FDS (23.30%) is better than 64.38% of its industry peers.
In the last couple of years the Profit Margin of FDS has remained more or less at the same level.
FDS has a Operating Margin (30.71%) which is in line with its industry peers.
FDS's Operating Margin has been stable in the last couple of years.
FDS's Gross Margin of 53.33% is in line compared to the rest of the industry. FDS outperforms 58.80% of its industry peers.
In the last couple of years the Gross Margin of FDS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.71% | ||
| PM (TTM) | 23.3% | ||
| GM | 53.33% |
OM growth 3Y2.47%
OM growth 5Y0.98%
PM growth 3Y-0.98%
PM growth 5Y-0.16%
GM growth 3Y2.24%
GM growth 5Y0.11%
2. Health
2.1 Basic Checks
FDS has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FDS has less shares outstanding
Compared to 1 year ago, FDS has an improved debt to assets ratio.
2.2 Solvency
FDS has a debt to FCF ratio of 2.48. This is a good value and a sign of high solvency as FDS would need 2.48 years to pay back of all of its debts.
FDS has a better Debt to FCF ratio (2.48) than 81.55% of its industry peers.
FDS has a Debt/Equity ratio of 0.66. This is a neutral value indicating FDS is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.66, FDS is doing good in the industry, outperforming 64.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 2.48 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.47 indicates that FDS should not have too much problems paying its short term obligations.
FDS has a Current ratio (1.47) which is in line with its industry peers.
A Quick Ratio of 1.47 indicates that FDS should not have too much problems paying its short term obligations.
FDS's Quick ratio of 1.47 is in line compared to the rest of the industry. FDS outperforms 59.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.52% over the past year.
Measured over the past years, FDS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.47% on average per year.
FDS shows a small growth in Revenue. In the last year, the Revenue has grown by 5.07%.
Measured over the past years, FDS shows a quite strong growth in Revenue. The Revenue has been growing by 8.95% on average per year.
EPS 1Y (TTM)6.52%
EPS 3Y14.53%
EPS 5Y10.47%
EPS Q2Q%-2.29%
Revenue 1Y (TTM)5.07%
Revenue growth 3Y11.45%
Revenue growth 5Y8.95%
Sales Q2Q%5.94%
3.2 Future
The Earnings Per Share is expected to grow by 8.16% on average over the next years. This is quite good.
FDS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.66% yearly.
EPS Next Y4.72%
EPS Next 2Y6.26%
EPS Next 3Y6.76%
EPS Next 5Y8.16%
Revenue Next Year5.83%
Revenue Next 2Y5.82%
Revenue Next 3Y5.71%
Revenue Next 5Y5.66%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 26.06 indicates a quite expensive valuation of FDS.
Based on the Price/Earnings ratio, FDS is valued a bit more expensive than 65.24% of the companies in the same industry.
FDS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.19.
With a Price/Forward Earnings ratio of 23.37, FDS is valued on the expensive side.
Based on the Price/Forward Earnings ratio, FDS is valued a bit more expensive than the industry average as 62.66% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 35.33. FDS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.06 | ||
| Fwd PE | 23.37 |
4.2 Price Multiples
FDS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FDS is cheaper than 72.96% of the companies in the same industry.
FDS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.47 | ||
| EV/EBITDA | 20.06 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FDS does not grow enough to justify the current Price/Earnings ratio.
FDS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.53
PEG (5Y)2.49
EPS Next 2Y6.26%
EPS Next 3Y6.76%
5. Dividend
5.1 Amount
With a yearly dividend of 0.98%, FDS is not a good candidate for dividend investing.
FDS's Dividend Yield is slightly below the industry average, which is at 7.77.
With a Dividend Yield of 0.98, FDS pays less dividend than the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
5.2 History
On average, the dividend of FDS grows each year by 8.63%, which is quite nice.
FDS has paid a dividend for at least 10 years, which is a reliable track record.
FDS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.63%
Div Incr Years25
Div Non Decr Years25
5.3 Sustainability
FDS pays out 29.59% of its income as dividend. This is a sustainable payout ratio.
FDS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.59%
EPS Next 2Y6.26%
EPS Next 3Y6.76%
434.15
-5.86 (-1.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners95.35%
Inst Owner Change-0.02%
Ins Owners0.22%
Ins Owner Change0.25%
Market Cap16.42B
Analysts52.86
Price Target450.06 (3.66%)
Short Float %3.52%
Short Ratio3.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
Yearly Dividend3.97
Dividend Growth(5Y)8.63%
DP29.59%
Div Incr Years25
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.14%
Min EPS beat(2)-1.55%
Max EPS beat(2)1.83%
EPS beat(4)3
Avg EPS beat(4)1%
Min EPS beat(4)-1.55%
Max EPS beat(4)2.27%
EPS beat(8)5
Avg EPS beat(8)0.55%
EPS beat(12)8
Avg EPS beat(12)1.39%
EPS beat(16)11
Avg EPS beat(16)2.74%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-0.98%
Max Revenue beat(2)-0.13%
Revenue beat(4)1
Avg Revenue beat(4)0.08%
Min Revenue beat(4)-0.98%
Max Revenue beat(4)1.79%
Revenue beat(8)1
Avg Revenue beat(8)-0.42%
Revenue beat(12)2
Avg Revenue beat(12)-0.46%
Revenue beat(16)6
Avg Revenue beat(16)-0.18%
PT rev (1m)-0.24%
PT rev (3m)-1.29%
EPS NQ rev (1m)0.27%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)-0.13%
EPS NY rev (3m)-0.51%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.06 | ||
| Fwd PE | 23.37 | ||
| P/S | 7.18 | ||
| P/FCF | 28.47 | ||
| P/OCF | 24.24 | ||
| P/B | 7.62 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.06 |
EPS(TTM)16.66
EY3.84%
EPS(NY)18.58
Fwd EY4.28%
FCF(TTM)15.25
FCFY3.51%
OCF(TTM)17.91
OCFY4.13%
SpS60.49
BVpS57
TBVpS-27.87
PEG (NY)5.53
PEG (5Y)2.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.28% | ||
| ROE | 24.73% | ||
| ROCE | 18.39% | ||
| ROIC | 14.95% | ||
| ROICexc | 16.53% | ||
| ROICexgc | 231.49% | ||
| OM | 30.71% | ||
| PM (TTM) | 23.3% | ||
| GM | 53.33% | ||
| FCFM | 25.21% |
ROA(3y)11.65%
ROA(5y)14.16%
ROE(3y)28.93%
ROE(5y)33.54%
ROIC(3y)14.84%
ROIC(5y)16.9%
ROICexc(3y)17.3%
ROICexc(5y)22.8%
ROICexgc(3y)672.42%
ROICexgc(5y)448.23%
ROCE(3y)18.25%
ROCE(5y)20.78%
ROICexcg growth 3Y123.88%
ROICexcg growth 5Y43.1%
ROICexc growth 3Y-15.06%
ROICexc growth 5Y-11.86%
OM growth 3Y2.47%
OM growth 5Y0.98%
PM growth 3Y-0.98%
PM growth 5Y-0.16%
GM growth 3Y2.24%
GM growth 5Y0.11%
F-Score6
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 2.48 | ||
| Debt/EBITDA | 1.62 | ||
| Cap/Depr | 56.09% | ||
| Cap/Sales | 4.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.78% | ||
| Profit Quality | 108.18% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | N/A |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)46.21%
Cap/Depr(5y)54.56%
Cap/Sales(3y)3.19%
Cap/Sales(5y)3.73%
Profit Quality(3y)120.69%
Profit Quality(5y)120.1%
High Growth Momentum
Growth
EPS 1Y (TTM)6.52%
EPS 3Y14.53%
EPS 5Y10.47%
EPS Q2Q%-2.29%
EPS Next Y4.72%
EPS Next 2Y6.26%
EPS Next 3Y6.76%
EPS Next 5Y8.16%
Revenue 1Y (TTM)5.07%
Revenue growth 3Y11.45%
Revenue growth 5Y8.95%
Sales Q2Q%5.94%
Revenue Next Year5.83%
Revenue Next 2Y5.82%
Revenue Next 3Y5.71%
Revenue Next 5Y5.66%
EBIT growth 1Y-1.81%
EBIT growth 3Y14.2%
EBIT growth 5Y10.02%
EBIT Next Year13.16%
EBIT Next 3Y8.72%
EBIT Next 5Y7.5%
FCF growth 1Y2.11%
FCF growth 3Y7.56%
FCF growth 5Y10.82%
OCF growth 1Y5.62%
OCF growth 3Y8.05%
OCF growth 5Y10.39%