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

FRA:MSN • US5717481023

155.7 EUR
-4.4 (-2.75%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

5

MSN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 47 industry peers in the Insurance industry. MSN scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, MSN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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 Return On Assets of 7.09%. This is amongst the best in the industry. MSN outperforms 91.49% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.55%, MSN belongs to the top of the industry, outperforming 93.62% of the companies in the same industry.
  • The Return On Invested Capital of MSN (13.54%) is better than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MSN is significantly above the industry average of 3.45%.
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

  • With an excellent Profit Margin value of 15.42%, MSN belongs to the best of the industry, outperforming 80.85% of the companies in the same industry.
  • MSN's Profit Margin has improved in the last couple of years.
  • MSN has a better Operating Margin (24.93%) than 87.23% of its industry peers.
  • 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. MSN.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MSN is creating some value.
  • MSN has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MSN has less shares outstanding
  • MSN has a better debt/assets ratio than last year.
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

  • An Altman-Z score of 2.74 indicates that MSN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 2.74, MSN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • The Debt to FCF ratio of MSN is 3.92, which is a good value as it means it would take MSN, 3.92 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MSN (3.92) is worse than 63.83% of its industry peers.
  • A Debt/Equity ratio of 1.21 is on the high side and indicates that MSN has dependencies on debt financing.
  • The Debt to Equity ratio of MSN (1.21) is worse than 76.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 3.92
Altman-Z 2.74
ROIC/WACC1.77
WACC7.67%
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.
  • With an excellent Current ratio value of 1.10, MSN belongs to the best of the industry, outperforming 87.23% of the companies in the same industry.
  • MSN has a Quick 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.
  • With an excellent Quick ratio value of 1.10, MSN belongs to the best of the industry, outperforming 87.23% 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

More info and screens

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

5

3. MSN.DE Growth Analysis

3.1 Past

  • MSN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.80%, which is quite good.
  • MSN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.43% yearly.
  • 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

  • The Earnings Per Share is expected to grow by 8.75% on average over the next years. This is quite good.
  • 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 Year5.05%
Revenue Next 2Y5.1%
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

More info and screens

Find the best growth stocksShow best growing peers

2

4. MSN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • MSN is valuated rather expensively with a Price/Earnings ratio of 18.49.
  • Compared to the rest of the industry, the Price/Earnings ratio of MSN indicates a slightly more expensive valuation: MSN is more expensive than 70.21% of the companies listed in the same industry.
  • MSN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 17.02 indicates a rather expensive valuation of MSN.
  • MSN's Price/Forward Earnings ratio is rather expensive when compared to the industry. MSN is more expensive than 82.98% of the companies in the same industry.
  • MSN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.27.
Industry RankSector Rank
PE 18.49
Fwd PE 17.02
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

  • Based on the Enterprise Value to EBITDA ratio, MSN is valued a bit cheaper than the industry average as 70.21% of the companies are valued more expensively.
  • 63.83% of the companies in the same industry are cheaper than MSN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.46
EV/EBITDA 13.65
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.
  • MSN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.13
PEG (5Y)1.28
EPS Next 2Y8.91%
EPS Next 3Y8.62%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. MSN.DE Dividend Analysis

5.1 Amount

  • MSN has a Yearly Dividend Yield of 1.95%.
  • MSN's Dividend Yield is slightly below the industry average, which is at 4.21.
  • Compared to an average S&P500 Dividend Yield of 1.82, MSN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.95%

5.2 History

  • The dividend of MSN is nicely growing with an annual growth rate of 13.29%!
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.
  • The dividend of MSN is growing, but the earnings are growing slower. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

MSN.DE Fundamentals: All Metrics, Ratios and Statistics

MARSH & MCLENNAN COS

FRA:MSN (3/9/2026, 7:00:00 PM)

155.7

-4.4 (-2.75%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-29
Earnings (Next)04-15
Inst Owners92.07%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap75.38B
Revenue(TTM)26.98B
Net Income(TTM)4.16B
Analysts69.33
Price Target184.1 (18.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.95%
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)-0.28%
EPS NQ rev (3m)1.36%
EPS NY rev (1m)0%
EPS NY rev (3m)1.79%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)1.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.99%
Valuation
Industry RankSector Rank
PE 18.49
Fwd PE 17.02
P/S 3.24
P/FCF 17.46
P/OCF 16.5
P/B 5.78
P/tB N/A
EV/EBITDA 13.65
EPS(TTM)8.42
EY5.41%
EPS(NY)9.15
Fwd EY5.88%
FCF(TTM)8.92
FCFY5.73%
OCF(TTM)9.44
OCFY6.06%
SpS48.12
BVpS26.93
TBVpS-24.94
PEG (NY)2.13
PEG (5Y)1.28
Graham Number71.43
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 2.74
F-Score6
WACC7.67%
ROIC/WACC1.77
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 Year5.05%
Revenue Next 2Y5.1%
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 FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to MSN.DE.


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

ChartMill assigns a valuation rating of 2 / 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 8 / 10.


What are the PE and PB ratios of MARSH & MCLENNAN COS (MSN.DE) stock?

The Price/Earnings (PE) ratio for MARSH & MCLENNAN COS (MSN.DE) is 18.49 and the Price/Book (PB) ratio is 5.78.


What is the expected EPS growth for MARSH & MCLENNAN COS (MSN.DE) stock?

The Earnings per Share (EPS) of MARSH & MCLENNAN COS (MSN.DE) is expected to grow by 8.68% in the next year.