FACTSET RESEARCH SYSTEMS INC (FDS) Stock Fundamental Analysis
NYSE:FDS - New York Stock Exchange, Inc. - US3030751057 - Common Stock - Currency: USD
FDS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 235 industry peers in the Capital Markets industry. While FDS has a great profitability rating, there are some minor concerns on its financial health. FDS is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FDS had positive earnings in the past year.
FDS had a positive operating cash flow in the past year.
In the past 5 years FDS has always been profitable.
FDS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FDS (12.28%) is better than 92.77% of its industry peers.
The Return On Equity of FDS (24.73%) is better than 92.77% of its industry peers.
FDS has a Return On Invested Capital of 14.95%. This is amongst the best in the industry. FDS outperforms 89.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FDS is significantly above the industry average of 7.84%.
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
FDS has a Profit Margin of 23.30%. This is in the better half of the industry: FDS outperforms 64.68% of its industry peers.
FDS's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 30.71%, FDS is in line with its industry, outperforming 55.74% of the companies in the same industry.
In the last couple of years the Operating Margin of FDS has remained more or less at the same level.
FDS's Gross Margin of 53.33% is in line compared to the rest of the industry. FDS outperforms 59.57% of its industry peers.
FDS's Gross Margin has been stable in the last couple of years.
| 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.
FDS has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FDS has been reduced compared to a year ago.
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's Debt to FCF ratio of 2.48 is amongst the best of the industry. FDS outperforms 81.70% of its industry peers.
A Debt/Equity ratio of 0.66 indicates that FDS is somewhat dependend on debt financing.
FDS has a Debt to Equity ratio of 0.66. This is in the better half of the industry: FDS outperforms 64.68% of its industry peers.
| 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.
Looking at the Current ratio, with a value of 1.47, FDS is in line with its industry, outperforming 59.57% of the companies in the same industry.
FDS has a Quick Ratio of 1.47. This is a normal value and indicates that FDS is financially healthy and should not expect problems in meeting its short term obligations.
FDS has a Quick ratio (1.47) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
FDS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.52%.
FDS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.47% yearly.
The Revenue has been growing slightly by 5.07% in the past year.
The Revenue has been growing by 8.95% on average over the past years. This is quite good.
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
FDS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.16% yearly.
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.
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
The Price/Earnings ratio is 24.99, which indicates a rather expensive current valuation of FDS.
Based on the Price/Earnings ratio, FDS is valued a bit more expensive than the industry average as 61.28% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 27.69, FDS is valued at the same level.
Based on the Price/Forward Earnings ratio of 22.41, the valuation of FDS can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FDS is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 37.36, FDS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.99 | ||
| Fwd PE | 22.41 |
4.2 Price Multiples
76.60% of the companies in the same industry are more expensive than FDS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FDS is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.3 | ||
| EV/EBITDA | 19.04 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of FDS may justify a higher PE ratio.
PEG (NY)5.3
PEG (5Y)2.39
EPS Next 2Y6.26%
EPS Next 3Y6.76%
5. Dividend
5.1 Amount
FDS has a Yearly Dividend Yield of 1.01%.
FDS's Dividend Yield is slightly below the industry average, which is at 8.00.
With a Dividend Yield of 1.01, FDS pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
5.2 History
The dividend of FDS is nicely growing with an annual growth rate of 8.63%!
FDS has been paying a dividend for at least 10 years, so it has a reliable track record.
FDS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.63%
Div Incr Years25
Div Non Decr Years25
5.3 Sustainability
29.59% of the earnings are spent on dividend by FDS. This is a low number and sustainable payout ratio.
The dividend of FDS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP29.59%
EPS Next 2Y6.26%
EPS Next 3Y6.76%
416.26
-0.97 (-0.23%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners95.35%
Inst Owner Change-1.13%
Ins Owners0.22%
Ins Owner Change0.12%
Market Cap15.74B
Analysts52.86
Price Target454.23 (9.12%)
Short Float %3.52%
Short Ratio3.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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)0.68%
PT rev (3m)-0.37%
EPS NQ rev (1m)0.27%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.06%
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 | 24.99 | ||
| Fwd PE | 22.41 | ||
| P/S | 6.88 | ||
| P/FCF | 27.3 | ||
| P/OCF | 23.24 | ||
| P/B | 7.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.04 |
EPS(TTM)16.66
EY4%
EPS(NY)18.58
Fwd EY4.46%
FCF(TTM)15.25
FCFY3.66%
OCF(TTM)17.91
OCFY4.3%
SpS60.49
BVpS57
TBVpS-27.87
PEG (NY)5.3
PEG (5Y)2.39
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%