STRATEGY INC (MSTR) Fundamental Analysis & Valuation

NASDAQ:MSTR • US5949724083

Current stock price

138.24 USD
-2.32 (-1.65%)
At close:
138.37 USD
+0.13 (+0.09%)
After Hours:

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

1

1. MSTR Profitability Analysis

1.1 Basic Checks

  • In the past year MSTR was profitable.
  • MSTR had a negative operating cash flow in the past year.
  • MSTR had negative earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: MSTR reported negative operating cash flow in multiple years.
MSTR Yearly Net Income VS EBIT VS OCF VS FCFMSTR 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 0 -5B -10B -15B -20B

1.2 Ratios

  • MSTR has a Return On Assets (-6.86%) which is comparable to the rest of the industry.
  • With a Return On Equity value of -8.29%, MSTR perfoms like the industry average, outperforming 48.74% of the companies in the same industry.
Industry RankSector Rank
ROA -6.86%
ROE -8.29%
ROIC N/A
ROA(3y)-0.79%
ROA(5y)-15.68%
ROE(3y)1.71%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MSTR Yearly ROA, ROE, ROICMSTR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 200 300

1.3 Margins

  • The Gross Margin of MSTR (68.69%) is comparable to the rest of the industry.
  • MSTR's Gross Margin has declined in the last couple of years.
  • The Profit Margin and Operating Margin are not available for MSTR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 68.69%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.7%
GM growth 5Y-3.26%
MSTR Yearly Profit, Operating, Gross MarginsMSTR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600 -800 -1K

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5

2. MSTR Health Analysis

2.1 Basic Checks

  • MSTR does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, MSTR has more shares outstanding
  • MSTR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, MSTR has an improved debt to assets ratio.
MSTR Yearly Shares OutstandingMSTR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
MSTR Yearly Total Debt VS Total AssetsMSTR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 2.45 indicates that MSTR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • MSTR has a Altman-Z score of 2.45. This is in the better half of the industry: MSTR outperforms 61.01% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that MSTR is not too dependend on debt financing.
  • MSTR's Debt to Equity ratio of 0.16 is in line compared to the rest of the industry. MSTR outperforms 48.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z 2.45
ROIC/WACCN/A
WACC10.03%
MSTR Yearly LT Debt VS Equity VS FCFMSTR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B

2.3 Liquidity

  • MSTR has a Current Ratio of 5.62. This indicates that MSTR is financially healthy and has no problem in meeting its short term obligations.
  • MSTR's Current ratio of 5.62 is amongst the best of the industry. MSTR outperforms 87.36% of its industry peers.
  • A Quick Ratio of 5.62 indicates that MSTR has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 5.62, MSTR belongs to the top of the industry, outperforming 87.36% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.62
Quick Ratio 5.62
MSTR Yearly Current Assets VS Current LiabilitesMSTR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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

5

3. MSTR Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 172.12% over the past year.
  • Measured over the past years, MSTR shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.77% on average per year.
  • MSTR shows a small growth in Revenue. In the last year, the Revenue has grown by 2.97%.
  • Measured over the past years, MSTR shows a decrease in Revenue. The Revenue has been decreasing by -0.15% on average per year.
EPS 1Y (TTM)172.12%
EPS 3YN/A
EPS 5Y63.77%
EPS Q2Q%-1200.91%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y-1.49%
Revenue growth 5Y-0.15%
Sales Q2Q%1.9%

3.2 Future

  • Based on estimates for the next years, MSTR will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.83% on average per year.
  • Based on estimates for the next years, MSTR will show a small growth in Revenue. The Revenue will grow by 4.60% on average per year.
EPS Next Y1049.15%
EPS Next 2Y201.67%
EPS Next 3Y17.83%
EPS Next 5YN/A
Revenue Next Year2.91%
Revenue Next 2Y1.61%
Revenue Next 3Y4.6%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 accelerating.
MSTR Yearly Revenue VS EstimatesMSTR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
MSTR Yearly EPS VS EstimatesMSTR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 20 40

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4

4. MSTR Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 29.86 indicates a quite expensive valuation of MSTR.
  • The rest of the industry has a similar Price/Earnings ratio as MSTR.
  • The average S&P500 Price/Earnings ratio is at 25.73. MSTR is around the same levels.
  • Based on the Price/Forward Earnings ratio of 2.60, the valuation of MSTR can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MSTR is valued cheaper than 96.75% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.72, MSTR is valued rather cheaply.
Industry RankSector Rank
PE 29.86
Fwd PE 2.6
MSTR Price Earnings VS Forward Price EarningsMSTR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MSTR Per share dataMSTR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100 150

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MSTR's earnings are expected to grow with 17.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)0.47
EPS Next 2Y201.67%
EPS Next 3Y17.83%

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

0

5. MSTR Dividend Analysis

5.1 Amount

  • MSTR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

MSTR Fundamentals: All Metrics, Ratios and Statistics

STRATEGY INC

NASDAQ:MSTR (3/19/2026, 8:17:45 PM)

After market: 138.37 +0.13 (+0.09%)

138.24

-2.32 (-1.65%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners62.47%
Inst Owner Change15.85%
Ins Owners0.16%
Ins Owner Change37.5%
Market Cap44.30B
Revenue(TTM)477.23M
Net Income(TTM)-4.23B
Analysts82.61
Price Target396.18 (186.59%)
Short Float %12.36%
Short Ratio1.56
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend1.37
Dividend Growth(5Y)N/A
DP-9.01%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-758.32%
Min EPS beat(2)-1517.91%
Max EPS beat(2)1.27%
EPS beat(4)3
Avg EPS beat(4)9836.72%
Min EPS beat(4)-1517.91%
Max EPS beat(4)34934.6%
EPS beat(8)3
Avg EPS beat(8)3888.83%
EPS beat(12)6
Avg EPS beat(12)2801.88%
EPS beat(16)6
Avg EPS beat(16)-4809.22%
Revenue beat(2)2
Avg Revenue beat(2)4.15%
Min Revenue beat(2)1.77%
Max Revenue beat(2)6.53%
Revenue beat(4)2
Avg Revenue beat(4)0.42%
Min Revenue beat(4)-6%
Max Revenue beat(4)6.53%
Revenue beat(8)2
Avg Revenue beat(8)-3.45%
Revenue beat(12)4
Avg Revenue beat(12)-3.36%
Revenue beat(16)4
Avg Revenue beat(16)-3.47%
PT rev (1m)-12.45%
PT rev (3m)-26.28%
EPS NQ rev (1m)-70.09%
EPS NQ rev (3m)-52.45%
EPS NY rev (1m)41.48%
EPS NY rev (3m)60.92%
Revenue NQ rev (1m)3.05%
Revenue NQ rev (3m)4.42%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)2.66%
Valuation
Industry RankSector Rank
PE 29.86
Fwd PE 2.6
P/S 92.83
P/FCF N/A
P/OCF N/A
P/B 0.87
P/tB N/A
EV/EBITDA N/A
EPS(TTM)4.63
EY3.35%
EPS(NY)53.21
Fwd EY38.49%
FCF(TTM)-70.34
FCFYN/A
OCF(TTM)-0.21
OCFYN/A
SpS1.49
BVpS159.28
TBVpS-24.37
PEG (NY)0.03
PEG (5Y)0.47
Graham Number128.81
Profitability
Industry RankSector Rank
ROA -6.86%
ROE -8.29%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 68.69%
FCFM N/A
ROA(3y)-0.79%
ROA(5y)-15.68%
ROE(3y)1.71%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.7%
GM growth 5Y-3.26%
F-Score3
Asset Turnover0.01
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 88079.7%
Cap/Sales 4709.5%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.62
Quick Ratio 5.62
Altman-Z 2.45
F-Score3
WACC10.03%
ROIC/WACCN/A
Cap/Depr(3y)75053.4%
Cap/Depr(5y)50195.9%
Cap/Sales(3y)3285.57%
Cap/Sales(5y)2085.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)172.12%
EPS 3YN/A
EPS 5Y63.77%
EPS Q2Q%-1200.91%
EPS Next Y1049.15%
EPS Next 2Y201.67%
EPS Next 3Y17.83%
EPS Next 5YN/A
Revenue 1Y (TTM)2.97%
Revenue growth 3Y-1.49%
Revenue growth 5Y-0.15%
Sales Q2Q%1.9%
Revenue Next Year2.91%
Revenue Next 2Y1.61%
Revenue Next 3Y4.6%
Revenue Next 5YN/A
EBIT growth 1Y-8526%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year174.46%
EBIT Next 3Y9.84%
EBIT Next 5YN/A
FCF growth 1Y-1.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-26.79%
OCF growth 3YN/A
OCF growth 5YN/A

STRATEGY INC / MSTR Fundamental Analysis FAQ

What is the fundamental rating for MSTR stock?

ChartMill assigns a fundamental rating of 3 / 10 to MSTR.


What is the valuation status of STRATEGY INC (MSTR) stock?

ChartMill assigns a valuation rating of 4 / 10 to STRATEGY INC (MSTR). This can be considered as Fairly Valued.


What is the profitability of MSTR stock?

STRATEGY INC (MSTR) has a profitability rating of 1 / 10.


How financially healthy is STRATEGY INC?

The financial health rating of STRATEGY INC (MSTR) is 5 / 10.


What is the earnings growth outlook for STRATEGY INC?

The Earnings per Share (EPS) of STRATEGY INC (MSTR) is expected to grow by 1049.15% in the next year.