MARSH & MCLENNAN COS (MSN.DE) Fundamental Analysis & Valuation

FRA:MSN • US5717481023

Current stock price

150.8 EUR
-4.9 (-3.15%)
Last:

This MSN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MSN.DE Profitability Analysis

1.1 Basic Checks

  • In the past year MSN was profitable.
  • In the past year MSN had a positive cash flow from operations.
  • In the past 5 years MSN has always been profitable.
  • Each year in the past 5 years MSN had a positive operating cash flow.
MSN.DE Yearly Net Income VS EBIT VS OCF VS FCFMSN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • MSN has a better Return On Assets (7.09%) than 93.62% of its industry peers.
  • The Return On Equity of MSN (27.55%) is better than 91.49% of its industry peers.
  • MSN has a Return On Invested Capital of 13.54%. This is amongst the best in the industry. MSN outperforms 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MSN is significantly above the industry average of 3.90%.
Industry RankSector Rank
ROA 7.09%
ROE 27.55%
ROIC 13.54%
ROA(3y)7.36%
ROA(5y)7.63%
ROE(3y)29.6%
ROE(5y)29.27%
ROIC(3y)13.75%
ROIC(5y)13.37%
MSN.DE Yearly ROA, ROE, ROICMSN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • The Profit Margin of MSN (15.42%) is better than 80.85% of its industry peers.
  • In the last couple of years the Profit Margin of MSN has grown nicely.
  • With an excellent Operating Margin value of 24.93%, MSN belongs to the best of the industry, outperforming 89.36% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MSN has grown nicely.
Industry RankSector Rank
OM 24.93%
PM (TTM) 15.42%
GM N/A
OM growth 3Y3.15%
OM growth 5Y5.3%
PM growth 3Y1.56%
PM growth 5Y5.67%
GM growth 3YN/A
GM growth 5YN/A
MSN.DE Yearly Profit, Operating, Gross MarginsMSN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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5

2. MSN.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MSN is still creating some value.
  • Compared to 1 year ago, MSN has less shares outstanding
  • Compared to 5 years ago, MSN has less shares outstanding
  • Compared to 1 year ago, MSN has an improved debt to assets ratio.
MSN.DE Yearly Shares OutstandingMSN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
MSN.DE Yearly Total Debt VS Total AssetsMSN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • MSN has an Altman-Z score of 2.70. This is not the best score and indicates that MSN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • MSN has a better Altman-Z score (2.70) than 100.00% of its industry peers.
  • MSN has a debt to FCF ratio of 3.92. This is a good value and a sign of high solvency as MSN would need 3.92 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 3.92, MSN is not doing good in the industry: 61.70% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 1.21 is on the high side and indicates that MSN has dependencies on debt financing.
  • MSN has a Debt to Equity ratio of 1.21. This is in the lower half of the industry: MSN underperforms 76.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 3.92
Altman-Z 2.7
ROIC/WACC1.73
WACC7.83%
MSN.DE Yearly LT Debt VS Equity VS FCFMSN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • MSN has a Current Ratio of 1.10. This is a normal value and indicates that MSN is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of MSN (1.10) is better than 89.36% of its industry peers.
  • A Quick Ratio of 1.10 indicates that MSN should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.10, MSN belongs to the best of the industry, outperforming 89.36% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.1
Quick Ratio 1.1
MSN.DE Yearly Current Assets VS Current LiabilitesMSN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. MSN.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.80% over the past year.
  • The Earnings Per Share has been growing by 14.43% on average over the past years. This is quite good.
  • Looking at the last year, MSN shows a quite strong growth in Revenue. The Revenue has grown by 10.32% in the last year.
  • MSN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.39% yearly.
EPS 1Y (TTM)10.8%
EPS 3Y12.54%
EPS 5Y14.43%
EPS Q2Q%13.37%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y9.2%
Revenue growth 5Y9.39%
Sales Q2Q%8.7%

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 8.75% yearly.
  • The Revenue is expected to grow by 3.66% on average over the next years.
EPS Next Y8.68%
EPS Next 2Y8.91%
EPS Next 3Y8.62%
EPS Next 5Y8.75%
Revenue Next Year5.03%
Revenue Next 2Y5.07%
Revenue Next 3Y5.12%
Revenue Next 5Y3.66%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MSN.DE Yearly Revenue VS EstimatesMSN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
MSN.DE Yearly EPS VS EstimatesMSN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10

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3

4. MSN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • MSN is valuated rather expensively with a Price/Earnings ratio of 17.87.
  • Compared to the rest of the industry, the Price/Earnings ratio of MSN indicates a slightly more expensive valuation: MSN is more expensive than 72.34% of the companies listed in the same industry.
  • MSN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • A Price/Forward Earnings ratio of 16.44 indicates a correct valuation of MSN.
  • Based on the Price/Forward Earnings ratio, MSN is valued a bit more expensive than 78.72% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.24, MSN is valued a bit cheaper.
Industry RankSector Rank
PE 17.87
Fwd PE 16.44
MSN.DE Price Earnings VS Forward Price EarningsMSN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 61.70% of the companies in the same industry are more expensive than MSN, based on the Enterprise Value to EBITDA ratio.
  • MSN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 16.87
EV/EBITDA 13.26
MSN.DE Per share dataMSN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

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)2.06
PEG (5Y)1.24
EPS Next 2Y8.91%
EPS Next 3Y8.62%

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3

5. MSN.DE Dividend Analysis

5.1 Amount

  • MSN has a Yearly Dividend Yield of 2.11%.
  • Compared to an average industry Dividend Yield of 3.89, MSN is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.81, MSN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.11%

5.2 History

  • On average, the dividend of MSN grows each year by 13.29%, which is quite nice.
Dividend Growth(5Y)13.29%
Div Incr Years0
Div Non Decr Years0
MSN.DE Yearly Dividends per shareMSN.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 40.84% of the earnings are spent on dividend by MSN. This is a bit on the high side, but may be sustainable.
  • MSN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP40.84%
EPS Next 2Y8.91%
EPS Next 3Y8.62%
MSN.DE Yearly Income VS Free CF VS DividendMSN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
MSN.DE Dividend Payout.MSN.DE Dividend Payout, showing the Payout Ratio.MSN.DE Dividend Payout.PayoutRetained Earnings

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MSN.DE Fundamentals: All Metrics, Ratios and Statistics

MARSH & MCLENNAN COS

FRA:MSN (3/12/2026, 7:00:00 PM)

150.8

-4.9 (-3.15%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-29
Earnings (Next)04-16
Inst Owners92.07%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap73.01B
Revenue(TTM)26.98B
Net Income(TTM)4.16B
Analysts69.33
Price Target184.1 (22.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.11%
Yearly Dividend3.01
Dividend Growth(5Y)13.29%
DP40.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.53%
Min EPS beat(2)1.65%
Max EPS beat(2)5.41%
EPS beat(4)3
Avg EPS beat(4)1.69%
Min EPS beat(4)-0.63%
Max EPS beat(4)5.41%
EPS beat(8)5
Avg EPS beat(8)1.23%
EPS beat(12)9
Avg EPS beat(12)1.4%
EPS beat(16)12
Avg EPS beat(16)1.55%
Revenue beat(2)0
Avg Revenue beat(2)-1.39%
Min Revenue beat(2)-1.52%
Max Revenue beat(2)-1.26%
Revenue beat(4)0
Avg Revenue beat(4)-1.58%
Min Revenue beat(4)-2.27%
Max Revenue beat(4)-1.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.54%
Revenue beat(12)2
Avg Revenue beat(12)-1.16%
Revenue beat(16)2
Avg Revenue beat(16)-1.56%
PT rev (1m)0%
PT rev (3m)3.72%
EPS NQ rev (1m)-0.36%
EPS NQ rev (3m)1.3%
EPS NY rev (1m)0%
EPS NY rev (3m)1.79%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)0.96%
Valuation
Industry RankSector Rank
PE 17.87
Fwd PE 16.44
P/S 3.13
P/FCF 16.87
P/OCF 15.94
P/B 5.59
P/tB N/A
EV/EBITDA 13.26
EPS(TTM)8.44
EY5.6%
EPS(NY)9.17
Fwd EY6.08%
FCF(TTM)8.94
FCFY5.93%
OCF(TTM)9.46
OCFY6.27%
SpS48.23
BVpS26.99
TBVpS-25
PEG (NY)2.06
PEG (5Y)1.24
Graham Number71.5961 (-52.52%)
Profitability
Industry RankSector Rank
ROA 7.09%
ROE 27.55%
ROCE 17.86%
ROIC 13.54%
ROICexc 14.58%
ROICexgc 86.69%
OM 24.93%
PM (TTM) 15.42%
GM N/A
FCFM 18.54%
ROA(3y)7.36%
ROA(5y)7.63%
ROE(3y)29.6%
ROE(5y)29.27%
ROIC(3y)13.75%
ROIC(5y)13.37%
ROICexc(3y)15.07%
ROICexc(5y)14.48%
ROICexgc(3y)81.39%
ROICexgc(5y)70.36%
ROCE(3y)18.15%
ROCE(5y)17.65%
ROICexgc growth 3Y13.73%
ROICexgc growth 5Y16.37%
ROICexc growth 3Y0.51%
ROICexc growth 5Y7.2%
OM growth 3Y3.15%
OM growth 5Y5.3%
PM growth 3Y1.56%
PM growth 5Y5.67%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 3.92
Debt/EBITDA 2.4
Cap/Depr 31.98%
Cap/Sales 1.08%
Interest Coverage 7.6
Cash Conversion 69.3%
Profit Quality 120.22%
Current Ratio 1.1
Quick Ratio 1.1
Altman-Z 2.7
F-Score6
WACC7.83%
ROIC/WACC1.73
Cap/Depr(3y)45.02%
Cap/Depr(5y)50.96%
Cap/Sales(3y)1.43%
Cap/Sales(5y)1.72%
Profit Quality(3y)106.74%
Profit Quality(5y)103.48%
High Growth Momentum
Growth
EPS 1Y (TTM)10.8%
EPS 3Y12.54%
EPS 5Y14.43%
EPS Q2Q%13.37%
EPS Next Y8.68%
EPS Next 2Y8.91%
EPS Next 3Y8.62%
EPS Next 5Y8.75%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y9.2%
Revenue growth 5Y9.39%
Sales Q2Q%8.7%
Revenue Next Year5.03%
Revenue Next 2Y5.07%
Revenue Next 3Y5.12%
Revenue Next 5Y3.66%
EBIT growth 1Y8.36%
EBIT growth 3Y12.64%
EBIT growth 5Y15.19%
EBIT Next Year20.39%
EBIT Next 3Y10.47%
EBIT Next 5Y6.79%
FCF growth 1Y25.46%
FCF growth 3Y18.64%
FCF growth 5Y10.51%
OCF growth 1Y23.01%
OCF growth 3Y15.16%
OCF growth 5Y9.37%

MARSH & MCLENNAN COS / MSN.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MARSH & MCLENNAN COS?

ChartMill assigns a fundamental rating of 6 / 10 to MSN.DE.


Can you provide the valuation status for MARSH & MCLENNAN COS?

ChartMill assigns a valuation rating of 3 / 10 to MARSH & MCLENNAN COS (MSN.DE). This can be considered as Overvalued.


What is the profitability of MSN stock?

MARSH & MCLENNAN COS (MSN.DE) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for MSN stock?

The Price/Earnings (PE) ratio for MARSH & MCLENNAN COS (MSN.DE) is 17.87 and the Price/Book (PB) ratio is 5.59.


Is the dividend of MARSH & MCLENNAN COS sustainable?

The dividend rating of MARSH & MCLENNAN COS (MSN.DE) is 3 / 10 and the dividend payout ratio is 40.84%.