S&P GLOBAL INC (SPGI) Fundamental Analysis & Valuation

NYSE:SPGI • US78409V1044

Current stock price

423.37 USD
+5.78 (+1.38%)
Last:

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

7

1. SPGI Profitability Analysis

1.1 Basic Checks

  • In the past year SPGI was profitable.
  • In the past year SPGI had a positive cash flow from operations.
  • Each year in the past 5 years SPGI has been profitable.
  • SPGI had a positive operating cash flow in each of the past 5 years.
SPGI Yearly Net Income VS EBIT VS OCF VS FCFSPGI 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

  • Looking at the Return On Assets, with a value of 7.31%, SPGI is in the better half of the industry, outperforming 76.25% of the companies in the same industry.
  • With a decent Return On Equity value of 14.37%, SPGI is doing good in the industry, outperforming 72.50% of the companies in the same industry.
  • SPGI has a better Return On Invested Capital (9.58%) than 83.75% of its industry peers.
  • SPGI had an Average Return On Invested Capital over the past 3 years of 8.18%. This is in line with the industry average of 7.25%.
  • The last Return On Invested Capital (9.58%) for SPGI is above the 3 year average (8.18%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.31%
ROE 14.37%
ROIC 9.58%
ROA(3y)6.01%
ROA(5y)8.68%
ROE(3y)11.22%
ROE(5y)38.28%
ROIC(3y)8.18%
ROIC(5y)12.38%
SPGI Yearly ROA, ROE, ROICSPGI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100 200 300 400

1.3 Margins

  • SPGI has a Profit Margin of 29.16%. This is in the better half of the industry: SPGI outperforms 73.33% of its industry peers.
  • SPGI's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of SPGI (42.92%) is better than 77.92% of its industry peers.
  • SPGI's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 70.25%, SPGI is doing good in the industry, outperforming 77.92% of the companies in the same industry.
  • In the last couple of years the Gross Margin of SPGI has remained more or less at the same level.
Industry RankSector Rank
OM 42.92%
PM (TTM) 29.16%
GM 70.25%
OM growth 3Y3.81%
OM growth 5Y-3.59%
PM growth 3Y0.12%
PM growth 5Y-1.49%
GM growth 3Y1.94%
GM growth 5Y-0.46%
SPGI Yearly Profit, Operating, Gross MarginsSPGI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. SPGI Health Analysis

2.1 Basic Checks

  • SPGI has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for SPGI has been increased compared to 5 years ago.
  • The debt/assets ratio for SPGI is higher compared to a year ago.
SPGI Yearly Shares OutstandingSPGI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
SPGI Yearly Total Debt VS Total AssetsSPGI 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 3.61 indicates that SPGI is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of SPGI (3.61) is better than 79.17% of its industry peers.
  • The Debt to FCF ratio of SPGI is 2.40, which is a good value as it means it would take SPGI, 2.40 years of fcf income to pay off all of its debts.
  • SPGI has a Debt to FCF ratio of 2.40. This is amongst the best in the industry. SPGI outperforms 82.92% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that SPGI is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.40, SPGI is in the better half of the industry, outperforming 70.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.4
Altman-Z 3.61
ROIC/WACCN/A
WACCN/A
SPGI Yearly LT Debt VS Equity VS FCFSPGI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

  • SPGI has a Current Ratio of 0.82. This is a bad value and indicates that SPGI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SPGI's Current ratio of 0.82 is on the low side compared to the rest of the industry. SPGI is outperformed by 64.17% of its industry peers.
  • SPGI has a Quick Ratio of 0.82. This is a bad value and indicates that SPGI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SPGI has a Quick ratio of 0.82. This is in the lower half of the industry: SPGI underperforms 63.75% of its industry peers.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.82
SPGI Yearly Current Assets VS Current LiabilitesSPGI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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5

3. SPGI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.49% over the past year.
  • Measured over the past years, SPGI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.81% on average per year.
  • Looking at the last year, SPGI shows a small growth in Revenue. The Revenue has grown by 7.95% in the last year.
  • The Revenue has been growing by 15.56% on average over the past years. This is quite good.
EPS 1Y (TTM)13.49%
EPS 3Y16.87%
EPS 5Y8.81%
EPS Q2Q%14.06%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y11.11%
Revenue growth 5Y15.56%
Sales Q2Q%9.02%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.86% on average over the next years. This is quite good.
  • Based on estimates for the next years, SPGI will show a small growth in Revenue. The Revenue will grow by 6.82% on average per year.
EPS Next Y12.11%
EPS Next 2Y12.33%
EPS Next 3Y12.91%
EPS Next 5Y11.86%
Revenue Next Year7.65%
Revenue Next 2Y7.51%
Revenue Next 3Y7.35%
Revenue Next 5Y6.82%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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.
SPGI Yearly Revenue VS EstimatesSPGI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
SPGI Yearly EPS VS EstimatesSPGI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10 20 30

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3

4. SPGI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.74 indicates a rather expensive valuation of SPGI.
  • Based on the Price/Earnings ratio, SPGI is valued a bit more expensive than 69.58% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, SPGI is valued at the same level.
  • With a Price/Forward Earnings ratio of 21.18, SPGI is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, SPGI is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, SPGI is valued at the same level.
Industry RankSector Rank
PE 23.74
Fwd PE 21.18
SPGI Price Earnings VS Forward Price EarningsSPGI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SPGI is valued a bit cheaper than the industry average as 74.58% of the companies are valued more expensively.
  • 60.42% of the companies in the same industry are more expensive than SPGI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 23.19
EV/EBITDA 17.52
SPGI Per share dataSPGI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SPGI does not grow enough to justify the current Price/Earnings ratio.
  • SPGI has a very decent profitability rating, which may justify a higher PE ratio.
  • SPGI's earnings are expected to grow with 12.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.96
PEG (5Y)2.7
EPS Next 2Y12.33%
EPS Next 3Y12.91%

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5

5. SPGI Dividend Analysis

5.1 Amount

  • SPGI has a yearly dividend return of 0.94%, which is pretty low.
  • Compared to an average industry Dividend Yield of 6.85, SPGI is paying slightly less dividend.
  • With a Dividend Yield of 0.94, SPGI pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.94%

5.2 History

  • On average, the dividend of SPGI grows each year by 7.21%, which is quite nice.
  • SPGI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • SPGI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.21%
Div Incr Years34
Div Non Decr Years34
SPGI Yearly Dividends per shareSPGI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 26.16% of the earnings are spent on dividend by SPGI. This is a low number and sustainable payout ratio.
  • SPGI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP26.16%
EPS Next 2Y12.33%
EPS Next 3Y12.91%
SPGI Yearly Income VS Free CF VS DividendSPGI 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
SPGI Dividend Payout.SPGI Dividend Payout, showing the Payout Ratio.SPGI Dividend Payout.PayoutRetained Earnings

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SPGI Fundamentals: All Metrics, Ratios and Statistics

S&P GLOBAL INC

NYSE:SPGI (3/31/2026, 9:57:08 AM)

423.37

+5.78 (+1.38%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners90.76%
Inst Owner Change-0.59%
Ins Owners0.04%
Ins Owner Change6.71%
Market Cap126.50B
Revenue(TTM)15.34B
Net Income(TTM)4.47B
Analysts84
Price Target551.39 (30.24%)
Short Float %1.27%
Short Ratio1.31
Dividend
Industry RankSector Rank
Dividend Yield 0.94%
Yearly Dividend3.77
Dividend Growth(5Y)7.21%
DP26.16%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-25
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.28%
Min EPS beat(2)-2.62%
Max EPS beat(2)5.18%
EPS beat(4)3
Avg EPS beat(4)1.95%
Min EPS beat(4)-2.62%
Max EPS beat(4)5.18%
EPS beat(8)7
Avg EPS beat(8)4.32%
EPS beat(12)9
Avg EPS beat(12)3.24%
EPS beat(16)11
Avg EPS beat(16)1.94%
Revenue beat(2)0
Avg Revenue beat(2)-1.08%
Min Revenue beat(2)-1.73%
Max Revenue beat(2)-0.44%
Revenue beat(4)2
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.73%
Max Revenue beat(4)0.32%
Revenue beat(8)6
Avg Revenue beat(8)0.35%
Revenue beat(12)8
Avg Revenue beat(12)0.15%
Revenue beat(16)8
Avg Revenue beat(16)-1.48%
PT rev (1m)0.1%
PT rev (3m)-10.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.51%
EPS NY rev (1m)-1.61%
EPS NY rev (3m)-1.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.39%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 23.74
Fwd PE 21.18
P/S 8.25
P/FCF 23.19
P/OCF 22.39
P/B 4.06
P/tB N/A
EV/EBITDA 17.52
EPS(TTM)17.83
EY4.21%
EPS(NY)19.99
Fwd EY4.72%
FCF(TTM)18.26
FCFY4.31%
OCF(TTM)18.91
OCFY4.47%
SpS51.33
BVpS104.17
TBVpS-72.35
PEG (NY)1.96
PEG (5Y)2.7
Graham Number204.43
Profitability
Industry RankSector Rank
ROA 7.31%
ROE 14.37%
ROCE 12.29%
ROIC 9.58%
ROICexc 9.91%
ROICexgc N/A
OM 42.92%
PM (TTM) 29.16%
GM 70.25%
FCFM 35.58%
ROA(3y)6.01%
ROA(5y)8.68%
ROE(3y)11.22%
ROE(5y)38.28%
ROIC(3y)8.18%
ROIC(5y)12.38%
ROICexc(3y)8.43%
ROICexc(5y)21.25%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.49%
ROCE(5y)15.88%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y17.33%
ROICexc growth 5Y-30.66%
OM growth 3Y3.81%
OM growth 5Y-3.59%
PM growth 3Y0.12%
PM growth 5Y-1.49%
GM growth 3Y1.94%
GM growth 5Y-0.46%
F-Score7
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.4
Debt/EBITDA 1.59
Cap/Depr 16.54%
Cap/Sales 1.27%
Interest Coverage 16.88
Cash Conversion 72.81%
Profit Quality 122%
Current Ratio 0.82
Quick Ratio 0.82
Altman-Z 3.61
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)13.21%
Cap/Depr(5y)13.61%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)134.11%
Profit Quality(5y)119.51%
High Growth Momentum
Growth
EPS 1Y (TTM)13.49%
EPS 3Y16.87%
EPS 5Y8.81%
EPS Q2Q%14.06%
EPS Next Y12.11%
EPS Next 2Y12.33%
EPS Next 3Y12.91%
EPS Next 5Y11.86%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y11.11%
Revenue growth 5Y15.56%
Sales Q2Q%9.02%
Revenue Next Year7.65%
Revenue Next 2Y7.51%
Revenue Next 3Y7.35%
Revenue Next 5Y6.82%
EBIT growth 1Y13.88%
EBIT growth 3Y15.34%
EBIT growth 5Y11.41%
EBIT Next Year10.2%
EBIT Next 3Y8.88%
EBIT Next 5Y7.97%
FCF growth 1Y-1.96%
FCF growth 3Y29.47%
FCF growth 5Y9.34%
OCF growth 1Y-0.67%
OCF growth 3Y29.48%
OCF growth 5Y9.64%

S&P GLOBAL INC / SPGI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for S&P GLOBAL INC?

ChartMill assigns a fundamental rating of 5 / 10 to SPGI.


What is the valuation status for SPGI stock?

ChartMill assigns a valuation rating of 3 / 10 to S&P GLOBAL INC (SPGI). This can be considered as Overvalued.


What is the profitability of SPGI stock?

S&P GLOBAL INC (SPGI) has a profitability rating of 7 / 10.


What is the expected EPS growth for S&P GLOBAL INC (SPGI) stock?

The Earnings per Share (EPS) of S&P GLOBAL INC (SPGI) is expected to grow by 12.11% in the next year.


Is the dividend of S&P GLOBAL INC sustainable?

The dividend rating of S&P GLOBAL INC (SPGI) is 5 / 10 and the dividend payout ratio is 26.16%.