FACTSET RESEARCH SYSTEMS INC (FDS) Stock Fundamental Analysis
NYSE:FDS - New York Stock Exchange, Inc. - US3030751057 - Common Stock - Currency: USD
Overall FDS gets a fundamental rating of 5 out of 10. We evaluated FDS against 237 industry peers in the Capital Markets industry. FDS has an excellent profitability rating, but there are some minor concerns on its financial health. FDS is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FDS was profitable.
In the past year FDS had a positive cash flow from operations.
In the past 5 years FDS has always been profitable.
Each year in the past 5 years FDS had a positive operating cash flow.
1.2 Ratios
FDS has a Return On Assets of 12.28%. This is amongst the best in the industry. FDS outperforms 93.28% of its industry peers.
FDS has a Return On Equity of 24.73%. This is amongst the best in the industry. FDS outperforms 92.44% of its industry peers.
FDS's Return On Invested Capital of 14.95% is amongst the best of the industry. FDS outperforms 91.18% 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 7.72%.
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 better Profit Margin (23.30%) than 63.03% of its industry peers.
FDS's Profit Margin has been stable in the last couple of years.
FDS has a Operating Margin (30.71%) which is in line with its industry peers.
In the last couple of years the Operating Margin of FDS has remained more or less at the same level.
With a Gross Margin value of 53.33%, FDS perfoms like the industry average, outperforming 59.66% of the companies in the same industry.
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
Compared to 1 year ago, FDS has about the same amount of shares outstanding.
Compared to 5 years ago, FDS has less shares outstanding
FDS has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of FDS is 2.48, which is a good value as it means it would take FDS, 2.48 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 2.48, FDS belongs to the best of the industry, outperforming 83.61% of the companies in the same industry.
A Debt/Equity ratio of 0.66 indicates that FDS is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.66, FDS is in the better half of the industry, outperforming 63.87% 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.
With a decent Current ratio value of 1.47, FDS is doing good in the industry, outperforming 61.34% 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's Quick ratio of 1.47 is fine compared to the rest of the industry. FDS outperforms 61.34% 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%.
FDS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.95% yearly.
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 8.13% 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 5.52% yearly.
EPS Next Y4.72%
EPS Next 2Y6.26%
EPS Next 3Y6.76%
EPS Next 5Y8.13%
Revenue Next Year5.83%
Revenue Next 2Y5.82%
Revenue Next 3Y5.71%
Revenue Next 5Y5.52%
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
FDS is valuated rather expensively with a Price/Earnings ratio of 22.19.
The rest of the industry has a similar Price/Earnings ratio as FDS.
Compared to an average S&P500 Price/Earnings ratio of 26.84, FDS is valued at the same level.
FDS is valuated rather expensively with a Price/Forward Earnings ratio of 19.90.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FDS is on the same level as its industry peers.
FDS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.19 | ||
| Fwd PE | 19.9 |
4.2 Price Multiples
78.57% of the companies in the same industry are more expensive than FDS, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as FDS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.24 | ||
| EV/EBITDA | 17.04 |
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)4.7
PEG (5Y)2.12
EPS Next 2Y6.26%
EPS Next 3Y6.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.17%, FDS has a reasonable but not impressive dividend return.
In the last 3 months the price of FDS has falen by -21.91%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 7.67, FDS is paying slightly less dividend.
With a Dividend Yield of 1.17, FDS pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
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 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
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%
369.62
-5.34 (-1.42%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners95.68%
Inst Owner Change-0.65%
Ins Owners0.22%
Ins Owner Change0.1%
Market Cap13.98B
Analysts52.86
Price Target454.23 (22.89%)
Short Float %4.16%
Short Ratio4.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
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)0.93%
PT rev (3m)-0.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.17%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.19 | ||
| Fwd PE | 19.9 | ||
| P/S | 6.11 | ||
| P/FCF | 24.24 | ||
| P/OCF | 20.63 | ||
| P/B | 6.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.04 |
EPS(TTM)16.66
EY4.51%
EPS(NY)18.58
Fwd EY5.03%
FCF(TTM)15.25
FCFY4.13%
OCF(TTM)17.91
OCFY4.85%
SpS60.49
BVpS57
TBVpS-27.87
PEG (NY)4.7
PEG (5Y)2.12
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 5Y8.13%
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 5Y5.52%
EBIT growth 1Y-1.81%
EBIT growth 3Y14.2%
EBIT growth 5Y10.02%
EBIT Next Year14.24%
EBIT Next 3Y8.89%
EBIT Next 5Y7.44%
FCF growth 1Y2.11%
FCF growth 3Y7.56%
FCF growth 5Y10.82%
OCF growth 1Y5.62%
OCF growth 3Y8.05%
OCF growth 5Y10.39%