MSCI INC (MSCI) Stock Fundamental Analysis
USA - NYSE:MSCI - US55354G1004 - Common Stock
534.35 USD
+1.01 (+0.19%)
534.35 USD
0 (0%)
Overall MSCI gets a fundamental rating of 5 out of 10. We evaluated MSCI against 237 industry peers in the Capital Markets industry. MSCI scores excellent on profitability, but there are some minor concerns on its financial health. MSCI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MSCI had positive earnings in the past year.
In the past year MSCI had a positive cash flow from operations.
In the past 5 years MSCI has always been profitable.
In the past 5 years MSCI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MSCI (21.93%) is better than 99.16% of its industry peers.
MSCI has a better Return On Invested Capital (34.14%) than 99.58% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MSCI is significantly above the industry average of 7.58%.
The 3 year average ROIC (29.39%) for MSCI is below the current ROIC(34.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.93% | ||
| ROE | N/A | ||
| ROIC | 34.14% |
ROA(3y)19.53%
ROA(5y)17.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)29.39%
ROIC(5y)26.42%
1.3 Margins
MSCI has a better Profit Margin (39.46%) than 81.86% of its industry peers.
MSCI's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 53.86%, MSCI belongs to the best of the industry, outperforming 89.87% of the companies in the same industry.
MSCI's Operating Margin has improved in the last couple of years.
MSCI has a Gross Margin of 82.18%. This is amongst the best in the industry. MSCI outperforms 86.92% of its industry peers.
MSCI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.86% | ||
| PM (TTM) | 39.46% | ||
| GM | 82.18% |
OM growth 3Y0.65%
OM growth 5Y1.98%
PM growth 3Y3.01%
PM growth 5Y1.42%
GM growth 3Y-0.19%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
The number of shares outstanding for MSCI has been reduced compared to 1 year ago.
The number of shares outstanding for MSCI has been reduced compared to 5 years ago.
Compared to 1 year ago, MSCI has a worse debt to assets ratio.
2.2 Solvency
MSCI has an Altman-Z score of 6.78. This indicates that MSCI is financially healthy and has little risk of bankruptcy at the moment.
MSCI has a Altman-Z score of 6.78. This is amongst the best in the industry. MSCI outperforms 89.03% of its industry peers.
MSCI has a debt to FCF ratio of 3.32. This is a good value and a sign of high solvency as MSCI would need 3.32 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.32, MSCI is doing good in the industry, outperforming 78.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 6.78 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.86 indicates that MSCI may have some problems paying its short term obligations.
MSCI has a worse Current ratio (0.86) than 64.13% of its industry peers.
MSCI has a Quick Ratio of 0.86. This is a bad value and indicates that MSCI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MSCI (0.86) is worse than 63.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.44% over the past year.
Measured over the past years, MSCI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.74% on average per year.
MSCI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.48%.
MSCI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.89% yearly.
EPS 1Y (TTM)13.44%
EPS 3Y15.17%
EPS 5Y18.74%
EPS Q2Q%14.56%
Revenue 1Y (TTM)10.48%
Revenue growth 3Y11.81%
Revenue growth 5Y12.89%
Sales Q2Q%9.14%
3.2 Future
MSCI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.18% yearly.
The Revenue is expected to grow by 8.15% on average over the next years. This is quite good.
EPS Next Y14.44%
EPS Next 2Y13.36%
EPS Next 3Y12.83%
EPS Next 5Y12.18%
Revenue Next Year9.36%
Revenue Next 2Y8.97%
Revenue Next 3Y8.66%
Revenue Next 5Y8.15%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
MSCI is valuated quite expensively with a Price/Earnings ratio of 32.96.
MSCI's Price/Earnings ratio is a bit more expensive when compared to the industry. MSCI is more expensive than 74.26% of the companies in the same industry.
MSCI is valuated rather expensively when we compare the Price/Earnings ratio to 27.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 27.36 indicates a quite expensive valuation of MSCI.
Based on the Price/Forward Earnings ratio, MSCI is valued a bit more expensive than 69.62% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MSCI to the average of the S&P500 Index (22.85), we can say MSCI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.96 | ||
| Fwd PE | 27.36 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MSCI indicates a somewhat cheap valuation: MSCI is cheaper than 65.82% of the companies listed in the same industry.
MSCI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.42 | ||
| EV/EBITDA | 25.24 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MSCI has an outstanding profitability rating, which may justify a higher PE ratio.
MSCI's earnings are expected to grow with 12.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.28
PEG (5Y)1.76
EPS Next 2Y13.36%
EPS Next 3Y12.83%
5. Dividend
5.1 Amount
MSCI has a Yearly Dividend Yield of 1.29%.
Compared to an average industry Dividend Yield of 8.24, MSCI is paying slightly less dividend.
With a Dividend Yield of 1.29, MSCI pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
5.2 History
On average, the dividend of MSCI grows each year by 19.73%, which is quite nice.
MSCI has paid a dividend for at least 10 years, which is a reliable track record.
MSCI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.73%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
MSCI pays out 45.34% of its income as dividend. This is a bit on the high side, but may be sustainable.
MSCI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.34%
EPS Next 2Y13.36%
EPS Next 3Y12.83%
534.35
+1.01 (+0.19%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners93.89%
Inst Owner Change-0.56%
Ins Owners2.94%
Ins Owner Change0.14%
Market Cap41.34B
Analysts77.6
Price Target625.55 (17.07%)
Short Float %1.79%
Short Ratio1.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
Yearly Dividend6.49
Dividend Growth(5Y)19.73%
DP45.34%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.54%
Min EPS beat(2)-1.27%
Max EPS beat(2)0.18%
EPS beat(4)3
Avg EPS beat(4)0.75%
Min EPS beat(4)-1.27%
Max EPS beat(4)3.71%
EPS beat(8)7
Avg EPS beat(8)1.9%
EPS beat(12)11
Avg EPS beat(12)2.08%
EPS beat(16)14
Avg EPS beat(16)2.04%
Revenue beat(2)0
Avg Revenue beat(2)-1.58%
Min Revenue beat(2)-1.75%
Max Revenue beat(2)-1.41%
Revenue beat(4)0
Avg Revenue beat(4)-1.5%
Min Revenue beat(4)-2.13%
Max Revenue beat(4)-0.72%
Revenue beat(8)1
Avg Revenue beat(8)-1.11%
Revenue beat(12)2
Avg Revenue beat(12)-1.03%
Revenue beat(16)2
Avg Revenue beat(16)-1.14%
PT rev (1m)0.06%
PT rev (3m)-0.69%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)2.64%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)2.46%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.96 | ||
| Fwd PE | 27.36 | ||
| P/S | 13.84 | ||
| P/FCF | 30.42 | ||
| P/OCF | 27.74 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 25.24 |
EPS(TTM)16.21
EY3.03%
EPS(NY)19.53
Fwd EY3.66%
FCF(TTM)17.57
FCFY3.29%
OCF(TTM)19.26
OCFY3.6%
SpS38.6
BVpS-11.45
TBVpS-60.5
PEG (NY)2.28
PEG (5Y)1.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.93% | ||
| ROE | N/A | ||
| ROCE | 41.21% | ||
| ROIC | 34.14% | ||
| ROICexc | 37.44% | ||
| ROICexgc | N/A | ||
| OM | 53.86% | ||
| PM (TTM) | 39.46% | ||
| GM | 82.18% | ||
| FCFM | 45.51% |
ROA(3y)19.53%
ROA(5y)17.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)29.39%
ROIC(5y)26.42%
ROICexc(3y)35.12%
ROICexc(5y)35.16%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)35.48%
ROCE(5y)31.9%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y5.35%
ROICexc growth 5Y1.03%
OM growth 3Y0.65%
OM growth 5Y1.98%
PM growth 3Y3.01%
PM growth 5Y1.42%
GM growth 3Y-0.19%
GM growth 5Y0.23%
F-Score7
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.32 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 68.54% | ||
| Cap/Sales | 4.39% | ||
| Interest Coverage | 8.99 | ||
| Cash Conversion | 82.79% | ||
| Profit Quality | 115.31% | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 6.78 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)64.16%
Cap/Depr(5y)61.27%
Cap/Sales(3y)3.62%
Cap/Sales(5y)3.37%
Profit Quality(3y)114.05%
Profit Quality(5y)117.82%
High Growth Momentum
Growth
EPS 1Y (TTM)13.44%
EPS 3Y15.17%
EPS 5Y18.74%
EPS Q2Q%14.56%
EPS Next Y14.44%
EPS Next 2Y13.36%
EPS Next 3Y12.83%
EPS Next 5Y12.18%
Revenue 1Y (TTM)10.48%
Revenue growth 3Y11.81%
Revenue growth 5Y12.89%
Sales Q2Q%9.14%
Revenue Next Year9.36%
Revenue Next 2Y8.97%
Revenue Next 3Y8.66%
Revenue Next 5Y8.15%
EBIT growth 1Y11.25%
EBIT growth 3Y12.53%
EBIT growth 5Y15.13%
EBIT Next Year21.63%
EBIT Next 3Y13.26%
EBIT Next 5Y11.59%
FCF growth 1Y22.67%
FCF growth 3Y16.55%
FCF growth 5Y16.15%
OCF growth 1Y24.75%
OCF growth 3Y17.06%
OCF growth 5Y16.18%