MORGAN STANLEY (DWD.DE) Fundamental Analysis & Valuation

FRA:DWD • US6174464486

136.8 EUR
-4.64 (-3.28%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

Taking everything into account, DWD scores 4 out of 10 in our fundamental rating. DWD was compared to 117 industry peers in the Capital Markets industry. DWD may be in some trouble as it scores bad on both profitability and health. DWD has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

3

1. DWD.DE Profitability Analysis

1.1 Basic Checks

  • In the past year DWD was profitable.
  • In the past year DWD has reported a negative cash flow from operations.
  • In the past 5 years DWD has always been profitable.
  • In multiple years DWD reported negative operating cash flow during the last 5 years.
DWD.DE Yearly Net Income VS EBIT VS OCF VS FCFDWD.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 0 20B -20B 40B

1.2 Ratios

  • DWD has a Return On Assets of 1.14%. This is comparable to the rest of the industry: DWD outperforms 50.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 14.15%, DWD is in the better half of the industry, outperforming 68.38% of the companies in the same industry.
  • DWD has a Return On Invested Capital (1.46%) which is in line with its industry peers.
Industry RankSector Rank
ROA 1.14%
ROE 14.15%
ROIC 1.46%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
DWD.DE Yearly ROA, ROE, ROICDWD.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

1.3 Margins

  • DWD has a Profit Margin (13.32%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of DWD has declined.
  • DWD's Operating Margin of 18.06% is in line compared to the rest of the industry. DWD outperforms 58.12% of its industry peers.
  • In the last couple of years the Operating Margin of DWD has declined.
  • DWD's Gross Margin of 54.99% is fine compared to the rest of the industry. DWD outperforms 64.96% of its industry peers.
  • In the last couple of years the Gross Margin of DWD has declined.
Industry RankSector Rank
OM 18.06%
PM (TTM) 13.32%
GM 54.99%
OM growth 3Y-4.95%
OM growth 5Y-7.71%
PM growth 3Y-5.29%
PM growth 5Y-7.41%
GM growth 3Y-10.21%
GM growth 5Y-8.75%
DWD.DE Yearly Profit, Operating, Gross MarginsDWD.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. DWD.DE Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, DWD has less shares outstanding
  • Compared to 5 years ago, DWD has less shares outstanding
  • DWD has a worse debt/assets ratio than last year.
DWD.DE Yearly Shares OutstandingDWD.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
DWD.DE Yearly Total Debt VS Total AssetsDWD.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T

2.2 Solvency

  • Based on the Altman-Z score of -0.07, we must say that DWD is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of DWD (-0.07) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 7.41 is on the high side and indicates that DWD has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 7.41, DWD is doing worse than 67.52% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 7.41
Debt/FCF N/A
Altman-Z -0.07
ROIC/WACCN/A
WACCN/A
DWD.DE Yearly LT Debt VS Equity VS FCFDWD.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B 200B 300B

2.3 Liquidity

  • A Current Ratio of 0.30 indicates that DWD may have some problems paying its short term obligations.
  • With a Current ratio value of 0.30, DWD perfoms like the industry average, outperforming 41.88% of the companies in the same industry.
  • DWD has a Quick Ratio of 0.30. This is a bad value and indicates that DWD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.30, DWD perfoms like the industry average, outperforming 41.88% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.3
Quick Ratio 0.3
DWD.DE Yearly Current Assets VS Current LiabilitesDWD.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B

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

6

3. DWD.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 28.59% over the past year.
  • DWD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.28% yearly.
  • DWD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.54%.
  • The Revenue has been growing by 17.86% on average over the past years. This is quite good.
EPS 1Y (TTM)28.59%
EPS 3Y18.47%
EPS 5Y9.28%
EPS Q2Q%20.72%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%

3.2 Future

  • Based on estimates for the next years, DWD will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.40% on average per year.
  • The Revenue is expected to grow by 5.42% on average over the next years.
EPS Next Y14.24%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
EPS Next 5Y8.4%
Revenue Next Year8.79%
Revenue Next 2Y7.07%
Revenue Next 3Y6.18%
Revenue Next 5Y5.42%

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 stable.
  • 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.
DWD.DE Yearly Revenue VS EstimatesDWD.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
DWD.DE Yearly EPS VS EstimatesDWD.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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Find the best growth stocksShow best growing peers

4

4. DWD.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.56, DWD is valued correctly.
  • 71.79% of the companies in the same industry are more expensive than DWD, based on the Price/Earnings ratio.
  • DWD is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.63, the valuation of DWD can be described as correct.
  • DWD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DWD is cheaper than 76.07% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DWD to the average of the S&P500 Index (24.57), we can say DWD is valued slightly cheaper.
Industry RankSector Rank
PE 15.56
Fwd PE 13.63
DWD.DE Price Earnings VS Forward Price EarningsDWD.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DWD indicates a somewhat cheap valuation: DWD is cheaper than 70.94% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.4
DWD.DE Per share dataDWD.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • DWD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)1.68
EPS Next 2Y11.25%
EPS Next 3Y9.4%

More info and screens

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

5

5. DWD.DE Dividend Analysis

5.1 Amount

  • DWD has a Yearly Dividend Yield of 2.46%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.11, DWD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, DWD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.46%

5.2 History

  • The dividend of DWD is nicely growing with an annual growth rate of 20.76%!
Dividend Growth(5Y)20.76%
Div Incr Years6
Div Non Decr Years6
DWD.DE Yearly Dividends per shareDWD.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • DWD pays out 41.70% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of DWD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP41.7%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
DWD.DE Yearly Income VS Free CF VS DividendDWD.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B
DWD.DE Dividend Payout.DWD.DE Dividend Payout, showing the Payout Ratio.DWD.DE Dividend Payout.PayoutRetained Earnings

More info and screens

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DWD.DE Fundamentals: All Metrics, Ratios and Statistics

MORGAN STANLEY

FRA:DWD (3/6/2026, 7:00:00 PM)

136.8

-4.64 (-3.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-15
Earnings (Next)04-15
Inst Owners62.53%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap217.22B
Revenue(TTM)119.66B
Net Income(TTM)15.56B
Analysts74.55
Price Target178.27 (30.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.46%
Yearly Dividend3.58
Dividend Growth(5Y)20.76%
DP41.7%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.52%
Min EPS beat(2)5.77%
Max EPS beat(2)29.27%
EPS beat(4)4
Avg EPS beat(4)19.15%
Min EPS beat(4)5.77%
Max EPS beat(4)29.27%
EPS beat(8)7
Avg EPS beat(8)14.05%
EPS beat(12)11
Avg EPS beat(12)10.53%
EPS beat(16)13
Avg EPS beat(16)8.07%
Revenue beat(2)2
Avg Revenue beat(2)3.7%
Min Revenue beat(2)1.43%
Max Revenue beat(2)5.96%
Revenue beat(4)4
Avg Revenue beat(4)4.02%
Min Revenue beat(4)1.43%
Max Revenue beat(4)5.96%
Revenue beat(8)7
Avg Revenue beat(8)2.74%
Revenue beat(12)9
Avg Revenue beat(12)10.9%
Revenue beat(16)12
Avg Revenue beat(16)9.91%
PT rev (1m)10.19%
PT rev (3m)20.67%
EPS NQ rev (1m)1.23%
EPS NQ rev (3m)1.64%
EPS NY rev (1m)2.07%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)2.17%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)3.26%
Valuation
Industry RankSector Rank
PE 15.56
Fwd PE 13.63
P/S 2.15
P/FCF N/A
P/OCF N/A
P/B 2.29
P/tB 2.89
EV/EBITDA 19.4
EPS(TTM)8.79
EY6.43%
EPS(NY)10.04
Fwd EY7.34%
FCF(TTM)-3.67
FCFYN/A
OCF(TTM)-2
OCFYN/A
SpS63.53
BVpS59.79
TBVpS47.38
PEG (NY)1.09
PEG (5Y)1.68
Graham Number108.74
Profitability
Industry RankSector Rank
ROA 1.14%
ROE 14.15%
ROCE 3.33%
ROIC 1.46%
ROICexc 1.61%
ROICexgc 1.69%
OM 18.06%
PM (TTM) 13.32%
GM 54.99%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
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 3Y-4.95%
OM growth 5Y-7.71%
PM growth 3Y-5.29%
PM growth 5Y-7.41%
GM growth 3Y-10.21%
GM growth 5Y-8.75%
F-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 7.41
Debt/FCF N/A
Debt/EBITDA 31.03
Cap/Depr 59.4%
Cap/Sales 2.63%
Interest Coverage 0.45
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.3
Quick Ratio 0.3
Altman-Z -0.07
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)28.59%
EPS 3Y18.47%
EPS 5Y9.28%
EPS Q2Q%20.72%
EPS Next Y14.24%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
EPS Next 5Y8.4%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%
Revenue Next Year8.79%
Revenue Next 2Y7.07%
Revenue Next 3Y6.18%
Revenue Next 5Y5.42%
EBIT growth 1Y37.32%
EBIT growth 3Y15.93%
EBIT growth 5Y8.77%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y78.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y86.95%
OCF growth 3YN/A
OCF growth 5YN/A

MORGAN STANLEY / DWD.DE FAQ

Can you provide the ChartMill fundamental rating for MORGAN STANLEY?

ChartMill assigns a fundamental rating of 3 / 10 to DWD.DE.


What is the valuation status for DWD stock?

ChartMill assigns a valuation rating of 4 / 10 to MORGAN STANLEY (DWD.DE). This can be considered as Fairly Valued.


How profitable is MORGAN STANLEY (DWD.DE) stock?

MORGAN STANLEY (DWD.DE) has a profitability rating of 3 / 10.


What are the PE and PB ratios of MORGAN STANLEY (DWD.DE) stock?

The Price/Earnings (PE) ratio for MORGAN STANLEY (DWD.DE) is 15.56 and the Price/Book (PB) ratio is 2.29.


How financially healthy is MORGAN STANLEY?

The financial health rating of MORGAN STANLEY (DWD.DE) is 1 / 10.