MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
Europe - FRA:DWD - US6174464486 - Common Stock
140.14 EUR
-1 (-0.71%)
DWD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 115 industry peers in the Capital Markets industry. DWD has a medium profitability rating, but doesn't score so well on its financial health evaluation. DWD has a correct valuation and a medium growth rate. Finally DWD also has an excellent dividend rating.
1. Profitability
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.
1.2 Ratios
DWD has a Return On Assets (1.04%) which is comparable to the rest of the industry.
DWD has a Return On Equity of 13.07%. This is in the better half of the industry: DWD outperforms 72.17% of its industry peers.
With a Return On Invested Capital value of 1.34%, DWD perfoms like the industry average, outperforming 53.04% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DWD is significantly below the industry average of 8.60%.
The 3 year average ROIC (1.17%) for DWD is below the current ROIC(1.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.04% | ||
| ROE | 13.07% | ||
| ROIC | 1.34% |
ROA(3y)0.89%
ROA(5y)0.97%
ROE(3y)10.46%
ROE(5y)11.1%
ROIC(3y)1.17%
ROIC(5y)1.28%
1.3 Margins
With a Profit Margin value of 12.51%, DWD perfoms like the industry average, outperforming 54.78% of the companies in the same industry.
DWD's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 17.07%, DWD is in the better half of the industry, outperforming 62.61% of the companies in the same industry.
DWD's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 54.42%, DWD is in the better half of the industry, outperforming 68.70% of the companies in the same industry.
In the last couple of years the Gross Margin of DWD has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.07% | ||
| PM (TTM) | 12.51% | ||
| GM | 54.42% |
OM growth 3Y-20.12%
OM growth 5Y-4.82%
PM growth 3Y-20.6%
PM growth 5Y-5.48%
GM growth 3Y-16.51%
GM growth 5Y-5.78%
2. Health
2.1 Basic Checks
DWD has less shares outstanding than it did 1 year ago.
DWD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DWD has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.08, we must say that DWD is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.08, DWD perfoms like the industry average, outperforming 43.48% of the companies in the same industry.
A Debt/Equity ratio of 7.45 is on the high side and indicates that DWD has dependencies on debt financing.
With a Debt to Equity ratio value of 7.45, DWD is not doing good in the industry: 70.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.08 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
DWD has a Current Ratio of 0.29. This is a bad value and indicates that DWD is not financially healthy enough and could expect problems in meeting its short term obligations.
DWD has a Current ratio (0.29) which is comparable to the rest of the industry.
DWD has a Quick Ratio of 0.29. 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 0.29, DWD perfoms like the industry average, outperforming 40.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
DWD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.19%, which is quite impressive.
Measured over the past years, DWD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.88% on average per year.
Looking at the last year, DWD shows a quite strong growth in Revenue. The Revenue has grown by 10.36% in the last year.
Measured over the past years, DWD shows a quite strong growth in Revenue. The Revenue has been growing by 14.79% on average per year.
EPS 1Y (TTM)42.19%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%17.03%
Revenue 1Y (TTM)10.36%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%11.81%
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 10.26% on average per year.
The Revenue is expected to grow by 6.32% on average over the next years.
EPS Next Y15.44%
EPS Next 2Y11.58%
EPS Next 3Y11.04%
EPS Next 5Y10.26%
Revenue Next Year11.99%
Revenue Next 2Y8.44%
Revenue Next 3Y7.21%
Revenue Next 5Y6.32%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.44 indicates a rather expensive valuation of DWD.
Compared to the rest of the industry, the Price/Earnings ratio of DWD indicates a somewhat cheap valuation: DWD is cheaper than 65.22% of the companies listed in the same industry.
DWD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.31.
A Price/Forward Earnings ratio of 16.48 indicates a correct valuation of DWD.
DWD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DWD is cheaper than 70.43% of the companies in the same industry.
DWD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 16.48 |
4.2 Price Multiples
72.17% of the companies in the same industry are more expensive than DWD, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.72 |
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)1.19
PEG (5Y)2.08
EPS Next 2Y11.58%
EPS Next 3Y11.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.80%, DWD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.63, DWD pays a better dividend. On top of this DWD pays more dividend than 87.83% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, DWD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
5.2 History
On average, the dividend of DWD grows each year by 18.94%, which is quite nice.
Dividend Growth(5Y)18.94%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
45.08% of the earnings are spent on dividend by DWD. This is a bit on the high side, but may be sustainable.
DWD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.08%
EPS Next 2Y11.58%
EPS Next 3Y11.04%
FRA:DWD (10/16/2025, 5:27:40 PM)
140.14
-1 (-0.71%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners62.51%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap223.71B
Analysts73.13
Price Target129.84 (-7.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
Yearly Dividend3.28
Dividend Growth(5Y)18.94%
DP45.08%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.13%
Min EPS beat(2)5.77%
Max EPS beat(2)14.48%
EPS beat(4)4
Avg EPS beat(4)15.64%
Min EPS beat(4)5.77%
Max EPS beat(4)27.07%
EPS beat(8)7
Avg EPS beat(8)10.97%
EPS beat(12)10
Avg EPS beat(12)7.76%
EPS beat(16)13
Avg EPS beat(16)7.12%
Revenue beat(2)2
Avg Revenue beat(2)2.67%
Min Revenue beat(2)1.43%
Max Revenue beat(2)3.91%
Revenue beat(4)4
Avg Revenue beat(4)3.45%
Min Revenue beat(4)1.43%
Max Revenue beat(4)4.78%
Revenue beat(8)6
Avg Revenue beat(8)1.67%
Revenue beat(12)9
Avg Revenue beat(12)12.16%
Revenue beat(16)12
Avg Revenue beat(16)9.8%
PT rev (1m)2.04%
PT rev (3m)15.02%
EPS NQ rev (1m)-0.28%
EPS NQ rev (3m)2.75%
EPS NY rev (1m)0.03%
EPS NY rev (3m)2.49%
Revenue NQ rev (1m)0.29%
Revenue NQ rev (3m)3.59%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)2.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 16.48 | ||
| P/S | 2.3 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.4 | ||
| P/tB | 3.05 | ||
| EV/EBITDA | 20.72 |
EPS(TTM)7.6
EY5.42%
EPS(NY)8.51
Fwd EY6.07%
FCF(TTM)-11.29
FCFYN/A
OCF(TTM)-9.52
OCFYN/A
SpS60.92
BVpS58.31
TBVpS45.96
PEG (NY)1.19
PEG (5Y)2.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.04% | ||
| ROE | 13.07% | ||
| ROCE | 3.03% | ||
| ROIC | 1.34% | ||
| ROICexc | 1.49% | ||
| ROICexgc | 1.57% | ||
| OM | 17.07% | ||
| PM (TTM) | 12.51% | ||
| GM | 54.42% | ||
| FCFM | N/A |
ROA(3y)0.89%
ROA(5y)0.97%
ROE(3y)10.46%
ROE(5y)11.1%
ROIC(3y)1.17%
ROIC(5y)1.28%
ROICexc(3y)1.31%
ROICexc(5y)1.45%
ROICexgc(3y)1.39%
ROICexgc(5y)1.53%
ROCE(3y)2.71%
ROCE(5y)2.95%
ROICexcg growth 3Y-7.03%
ROICexcg growth 5Y1.53%
ROICexc growth 3Y-6.98%
ROICexc growth 5Y1.26%
OM growth 3Y-20.12%
OM growth 5Y-4.82%
PM growth 3Y-20.6%
PM growth 5Y-5.48%
GM growth 3Y-16.51%
GM growth 5Y-5.78%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.45 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 33.05 | ||
| Cap/Depr | 64.3% | ||
| Cap/Sales | 2.89% | ||
| Interest Coverage | 0.4 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | -0.08 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)74.75%
Cap/Depr(5y)63.46%
Cap/Sales(3y)3.81%
Cap/Sales(5y)3.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.19%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%17.03%
EPS Next Y15.44%
EPS Next 2Y11.58%
EPS Next 3Y11.04%
EPS Next 5Y10.26%
Revenue 1Y (TTM)10.36%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%11.81%
Revenue Next Year11.99%
Revenue Next 2Y8.44%
Revenue Next 3Y7.21%
Revenue Next 5Y6.32%
EBIT growth 1Y35.01%
EBIT growth 3Y-3.64%
EBIT growth 5Y9.26%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y52.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y56.99%
OCF growth 3Y-65.77%
OCF growth 5Y-49.33%