MARSH & MCLENNAN COS (MSN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:MSN - US5717481023 - Common Stock
158.45 EUR
+0.85 (+0.54%)
Taking everything into account, MSN scores 5 out of 10 in our fundamental rating. MSN was compared to 47 industry peers in the Insurance industry. While MSN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MSN is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MSN had positive earnings in the past year.
In the past year MSN had a positive cash flow from operations.
Each year in the past 5 years MSN has been profitable.
In the past 5 years MSN always reported a positive cash flow from operatings.
1.2 Ratios
MSN has a better Return On Assets (7.02%) than 97.92% of its industry peers.
MSN's Return On Equity of 27.24% is amongst the best of the industry. MSN outperforms 95.83% of its industry peers.
With an excellent Return On Invested Capital value of 13.33%, MSN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MSN is significantly above the industry average of 2.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 27.24% | ||
| ROIC | 13.33% |
ROA(3y)7.31%
ROA(5y)7.43%
ROE(3y)30.08%
ROE(5y)28.19%
ROIC(3y)13.69%
ROIC(5y)12.5%
1.3 Margins
With an excellent Profit Margin value of 15.60%, MSN belongs to the best of the industry, outperforming 85.42% of the companies in the same industry.
MSN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 25.20%, MSN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
In the last couple of years the Operating Margin of MSN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.2% | ||
| PM (TTM) | 15.6% | ||
| GM | N/A |
OM growth 3Y4.55%
OM growth 5Y7.02%
PM growth 3Y1.54%
PM growth 5Y9.67%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MSN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MSN has about the same amount of shares outstanding.
The number of shares outstanding for MSN has been reduced compared to 5 years ago.
MSN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.75 indicates that MSN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MSN has a Altman-Z score of 2.75. This is amongst the best in the industry. MSN outperforms 100.00% of its industry peers.
The Debt to FCF ratio of MSN is 4.06, which is a neutral value as it means it would take MSN, 4.06 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.06, MSN is in line with its industry, outperforming 41.67% of the companies in the same industry.
MSN has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MSN (1.21) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 4.06 | ||
| Altman-Z | 2.75 |
ROIC/WACC1.68
WACC7.94%
2.3 Liquidity
MSN has a Current Ratio of 1.12. This is a normal value and indicates that MSN is financially healthy and should not expect problems in meeting its short term obligations.
MSN's Current ratio of 1.12 is amongst the best of the industry. MSN outperforms 89.58% of its industry peers.
A Quick Ratio of 1.12 indicates that MSN should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.12, MSN belongs to the best of the industry, outperforming 89.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.34% over the past year.
Measured over the past years, MSN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.56% on average per year.
The Revenue has grown by 10.47% in the past year. This is quite good.
MSN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.99% yearly.
EPS 1Y (TTM)10.34%
EPS 3Y12.5%
EPS 5Y13.56%
EPS Q2Q%13.5%
Revenue 1Y (TTM)10.47%
Revenue growth 3Y7.26%
Revenue growth 5Y7.99%
Sales Q2Q%11.48%
3.2 Future
MSN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.82% yearly.
Based on estimates for the next years, MSN will show a small growth in Revenue. The Revenue will grow by 6.03% on average per year.
EPS Next Y10.2%
EPS Next 2Y8.93%
EPS Next 3Y8.92%
EPS Next 5Y9.82%
Revenue Next Year10.71%
Revenue Next 2Y7.84%
Revenue Next 3Y6.95%
Revenue Next 5Y6.03%
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
A Price/Earnings ratio of 19.30 indicates a rather expensive valuation of MSN.
Compared to the rest of the industry, the Price/Earnings ratio of MSN indicates a slightly more expensive valuation: MSN is more expensive than 75.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, MSN is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 17.55, the valuation of MSN can be described as rather expensive.
Based on the Price/Forward Earnings ratio, MSN is valued more expensive than 81.25% of the companies in the same industry.
MSN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.3 | ||
| Fwd PE | 17.55 |
4.2 Price Multiples
MSN's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSN indicates a slightly more expensive valuation: MSN is more expensive than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.61 | ||
| EV/EBITDA | 14.16 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MSN does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of MSN may justify a higher PE ratio.
PEG (NY)1.89
PEG (5Y)1.42
EPS Next 2Y8.93%
EPS Next 3Y8.92%
5. Dividend
5.1 Amount
MSN has a Yearly Dividend Yield of 1.97%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 1.97, MSN pays less dividend than the industry average, which is at 4.44. 83.33% of the companies listed in the same industry pay a better dividend than MSN!
Compared to an average S&P500 Dividend Yield of 2.34, MSN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.97% |
5.2 History
The dividend of MSN is nicely growing with an annual growth rate of 11.74%!
Dividend Growth(5Y)11.74%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MSN pays out 40.17% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of MSN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP40.17%
EPS Next 2Y8.93%
EPS Next 3Y8.92%
FRA:MSN (11/28/2025, 7:00:00 PM)
158.45
+0.85 (+0.54%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners92.4%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap77.63B
Revenue(TTM)26.45B
Net Income(TTM)4.13B
Analysts67.69
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.97% |
Yearly Dividend2.66
Dividend Growth(5Y)11.74%
DP40.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.98%
Min EPS beat(2)1.3%
Max EPS beat(2)2.66%
EPS beat(4)4
Avg EPS beat(4)2.44%
Min EPS beat(4)0.36%
Max EPS beat(4)5.46%
EPS beat(8)6
Avg EPS beat(8)1.69%
EPS beat(12)10
Avg EPS beat(12)2.13%
EPS beat(16)14
Avg EPS beat(16)2.17%
Revenue beat(2)0
Avg Revenue beat(2)-0.42%
Min Revenue beat(2)-0.55%
Max Revenue beat(2)-0.29%
Revenue beat(4)1
Avg Revenue beat(4)-0.28%
Min Revenue beat(4)-1.3%
Max Revenue beat(4)1.03%
Revenue beat(8)2
Avg Revenue beat(8)-0.62%
Revenue beat(12)4
Avg Revenue beat(12)-0.51%
Revenue beat(16)5
Avg Revenue beat(16)-0.41%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)-0.03%
EPS NY rev (1m)3.56%
EPS NY rev (3m)3.56%
Revenue NQ rev (1m)8.57%
Revenue NQ rev (3m)8.57%
Revenue NY rev (1m)8.9%
Revenue NY rev (3m)8.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.3 | ||
| Fwd PE | 17.55 | ||
| P/S | 3.39 | ||
| P/FCF | 18.61 | ||
| P/OCF | 17.65 | ||
| P/B | 5.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.16 |
EPS(TTM)8.21
EY5.18%
EPS(NY)9.03
Fwd EY5.7%
FCF(TTM)8.52
FCFY5.37%
OCF(TTM)8.98
OCFY5.67%
SpS46.68
BVpS26.74
TBVpS-23.77
PEG (NY)1.89
PEG (5Y)1.42
Graham Number70.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 27.24% | ||
| ROCE | 17.69% | ||
| ROIC | 13.33% | ||
| ROICexc | 14.28% | ||
| ROICexgc | 76.66% | ||
| OM | 25.2% | ||
| PM (TTM) | 15.6% | ||
| GM | N/A | ||
| FCFM | 18.24% |
ROA(3y)7.31%
ROA(5y)7.43%
ROE(3y)30.08%
ROE(5y)28.19%
ROIC(3y)13.69%
ROIC(5y)12.5%
ROICexc(3y)14.92%
ROICexc(5y)13.56%
ROICexgc(3y)71.76%
ROICexgc(5y)60.83%
ROCE(3y)18.16%
ROCE(5y)16.58%
ROICexgc growth 3Y14.51%
ROICexgc growth 5Y14.25%
ROICexc growth 3Y1.96%
ROICexc growth 5Y7.02%
OM growth 3Y4.55%
OM growth 5Y7.02%
PM growth 3Y1.54%
PM growth 5Y9.67%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 4.06 | ||
| Debt/EBITDA | 2.43 | ||
| Cap/Depr | 29.67% | ||
| Cap/Sales | 0.99% | ||
| Interest Coverage | 8.05 | ||
| Cash Conversion | 67.4% | ||
| Profit Quality | 116.91% | ||
| Current Ratio | 1.12 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.75 |
F-Score4
WACC7.94%
ROIC/WACC1.68
Cap/Depr(3y)56.15%
Cap/Depr(5y)53.95%
Cap/Sales(3y)1.82%
Cap/Sales(5y)1.91%
Profit Quality(3y)99.4%
Profit Quality(5y)109.53%
High Growth Momentum
Growth
EPS 1Y (TTM)10.34%
EPS 3Y12.5%
EPS 5Y13.56%
EPS Q2Q%13.5%
EPS Next Y10.2%
EPS Next 2Y8.93%
EPS Next 3Y8.92%
EPS Next 5Y9.82%
Revenue 1Y (TTM)10.47%
Revenue growth 3Y7.26%
Revenue growth 5Y7.99%
Sales Q2Q%11.48%
Revenue Next Year10.71%
Revenue Next 2Y7.84%
Revenue Next 3Y6.95%
Revenue Next 5Y6.03%
EBIT growth 1Y9.39%
EBIT growth 3Y12.14%
EBIT growth 5Y15.58%
EBIT Next Year25.69%
EBIT Next 3Y13.16%
EBIT Next 5Y8.85%
FCF growth 1Y35.53%
FCF growth 3Y8.62%
FCF growth 5Y15.49%
OCF growth 1Y27.91%
OCF growth 3Y6.96%
OCF growth 5Y12.75%
MARSH & MCLENNAN COS / MSN.DE FAQ
Can you provide the ChartMill fundamental rating for MARSH & MCLENNAN COS?
ChartMill assigns a fundamental rating of 1 / 10 to MSN.DE.
What is the valuation status for MSN stock?
ChartMill assigns a valuation rating of 0 / 10 to MARSH & MCLENNAN COS (MSN.DE). This can be considered as Overvalued.
Can you provide the profitability details for MARSH & MCLENNAN COS?
MARSH & MCLENNAN COS (MSN.DE) has a profitability rating of 2 / 10.
How financially healthy is MARSH & MCLENNAN COS?
The financial health rating of MARSH & MCLENNAN COS (MSN.DE) is 0 / 10.
Can you provide the expected EPS growth for MSN stock?
The Earnings per Share (EPS) of MARSH & MCLENNAN COS (MSN.DE) is expected to grow by 10.2% in the next year.