MORGAN STANLEY (DWD.DE) Fundamental Analysis & Valuation

FRA:DWD • US6174464486

Current stock price

143.48 EUR
-0.52 (-0.36%)
Last:

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

4

1. DWD.DE Profitability Analysis

1.1 Basic Checks

  • DWD had positive earnings in the past year.
  • DWD had a negative operating cash flow in the past year.
  • DWD had positive earnings in each of the past 5 years.
  • 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

  • With a Return On Assets value of 1.14%, DWD perfoms like the industry average, outperforming 53.51% of the companies in the same industry.
  • DWD's Return On Equity of 14.56% is fine compared to the rest of the industry. DWD outperforms 72.81% of its industry peers.
  • DWD has a Return On Invested Capital (1.45%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for DWD is significantly below the industry average of 9.36%.
  • The 3 year average ROIC (1.27%) for DWD is below the current ROIC(1.45%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.14%
ROE 14.56%
ROIC 1.45%
ROA(3y)0.97%
ROA(5y)1.01%
ROE(3y)11.81%
ROE(5y)11.95%
ROIC(3y)1.27%
ROIC(5y)1.31%
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

  • Looking at the Profit Margin, with a value of 13.58%, DWD is in line with its industry, outperforming 51.75% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DWD has declined.
  • Looking at the Operating Margin, with a value of 18.35%, DWD is in line with its industry, outperforming 58.77% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DWD has declined.
  • The Gross Margin of DWD (55.13%) is better than 69.30% of its industry peers.
  • In the last couple of years the Gross Margin of DWD has declined.
Industry RankSector Rank
OM 18.35%
PM (TTM) 13.58%
GM 55.13%
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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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
  • The debt/assets ratio for DWD is higher compared to a year ago.
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 -0.09, we must say that DWD is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of -0.09, DWD perfoms like the industry average, outperforming 49.12% of the companies in the same industry.
  • A Debt/Equity ratio of 7.71 is on the high side and indicates that DWD has dependencies on debt financing.
  • DWD has a worse Debt to Equity ratio (7.71) than 67.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.71
Debt/FCF N/A
Altman-Z -0.09
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

  • DWD has a Current 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.
  • Looking at the Current ratio, with a value of 0.30, DWD is in line with its industry, outperforming 42.11% 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.
  • Looking at the Quick ratio, with a value of 0.30, DWD is in line with its industry, outperforming 42.11% 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.
  • Measured over the past years, DWD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.28% on average per year.
  • Looking at the last year, DWD shows a quite strong growth in Revenue. The Revenue has grown by 11.54% in the last year.
  • Measured over the past years, DWD shows a quite strong growth in Revenue. The Revenue has been growing by 17.86% on average per year.
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

  • DWD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.40% yearly.
  • DWD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.42% yearly.
EPS Next Y14.23%
EPS Next 2Y11.32%
EPS Next 3Y9.29%
EPS Next 5Y8.4%
Revenue Next Year9.12%
Revenue Next 2Y7.24%
Revenue Next 3Y6.19%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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4

4. DWD.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.19, which indicates a correct valuation of DWD.
  • Based on the Price/Earnings ratio, DWD is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
  • DWD is valuated rather cheaply when we compare the Price/Earnings ratio to 26.21, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 14.18, which indicates a correct valuation of DWD.
  • 74.56% of the companies in the same industry are more expensive than DWD, based on the Price/Forward Earnings ratio.
  • DWD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.19
Fwd PE 14.18
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

  • Based on the Enterprise Value to EBITDA ratio, DWD is valued a bit cheaper than 72.81% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.59
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.14
PEG (5Y)1.74
EPS Next 2Y11.32%
EPS Next 3Y9.29%

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

4

5. DWD.DE Dividend Analysis

5.1 Amount

  • DWD has a Yearly Dividend Yield of 2.53%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.35, DWD has a dividend in line with its industry peers.
  • DWD's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.53%

5.2 History

  • On average, the dividend of DWD grows each year by 20.76%, which is quite nice.
Dividend Growth(5Y)20.76%
Div Incr Years7
Div Non Decr Years7
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

  • 40.57% 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.
DP40.57%
EPS Next 2Y11.32%
EPS Next 3Y9.29%
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

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DWD.DE Fundamentals: All Metrics, Ratios and Statistics

MORGAN STANLEY

FRA:DWD (4/2/2026, 7:00:00 PM)

143.48

-0.52 (-0.36%)

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 Cap227.83B
Revenue(TTM)119.66B
Net Income(TTM)16.25B
Analysts74.55
Price Target178.27 (24.25%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
Yearly Dividend3.59
Dividend Growth(5Y)20.76%
DP40.57%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.02%
Min EPS beat(2)6.78%
Max EPS beat(2)29.27%
EPS beat(4)4
Avg EPS beat(4)14.07%
Min EPS beat(4)5.77%
Max EPS beat(4)29.27%
EPS beat(8)8
Avg EPS beat(8)15.53%
EPS beat(12)11
Avg EPS beat(12)10.88%
EPS beat(16)13
Avg EPS beat(16)8.36%
Revenue beat(2)1
Avg Revenue beat(2)1.84%
Min Revenue beat(2)-2.27%
Max Revenue beat(2)5.96%
Revenue beat(4)3
Avg Revenue beat(4)2.26%
Min Revenue beat(4)-2.27%
Max Revenue beat(4)5.96%
Revenue beat(8)7
Avg Revenue beat(8)2.68%
Revenue beat(12)8
Avg Revenue beat(12)6.46%
Revenue beat(16)12
Avg Revenue beat(16)9.84%
PT rev (1m)0%
PT rev (3m)18.69%
EPS NQ rev (1m)1.68%
EPS NQ rev (3m)5.33%
EPS NY rev (1m)0%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)1.59%
Revenue NQ rev (3m)3.37%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)3.31%
Valuation
Industry RankSector Rank
PE 16.19
Fwd PE 14.18
P/S 2.19
P/FCF N/A
P/OCF N/A
P/B 2.35
P/tB 2.95
EV/EBITDA 19.59
EPS(TTM)8.86
EY6.18%
EPS(NY)10.12
Fwd EY7.05%
FCF(TTM)-11.36
FCFYN/A
OCF(TTM)-9.78
OCFYN/A
SpS65.39
BVpS61
TBVpS48.58
PEG (NY)1.14
PEG (5Y)1.74
Graham Number110.28
Profitability
Industry RankSector Rank
ROA 1.14%
ROE 14.56%
ROCE 3.35%
ROIC 1.45%
ROICexc 1.61%
ROICexgc 1.68%
OM 18.35%
PM (TTM) 13.58%
GM 55.13%
FCFM N/A
ROA(3y)0.97%
ROA(5y)1.01%
ROE(3y)11.81%
ROE(5y)11.95%
ROIC(3y)1.27%
ROIC(5y)1.31%
ROICexc(3y)1.41%
ROICexc(5y)1.48%
ROICexgc(3y)1.48%
ROICexgc(5y)1.56%
ROCE(3y)2.92%
ROCE(5y)3.05%
ROICexgc growth 3Y6.38%
ROICexgc growth 5Y2.27%
ROICexc growth 3Y6.82%
ROICexc growth 5Y2.22%
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 Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 7.71
Debt/FCF N/A
Debt/EBITDA 32.35
Cap/Depr 62.22%
Cap/Sales 2.42%
Interest Coverage 0.47
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.3
Quick Ratio 0.3
Altman-Z -0.09
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)69.82%
Cap/Depr(5y)68.24%
Cap/Sales(3y)3.07%
Cap/Sales(5y)3.53%
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 Y14.23%
EPS Next 2Y11.32%
EPS Next 3Y9.29%
EPS Next 5Y8.4%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%
Revenue Next Year9.12%
Revenue Next 2Y7.24%
Revenue Next 3Y6.19%
Revenue Next 5Y5.42%
EBIT growth 1Y24.77%
EBIT growth 3Y15.93%
EBIT growth 5Y8.77%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-889.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1413.44%
OCF growth 3YN/A
OCF growth 5YN/A

MORGAN STANLEY / DWD.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MORGAN STANLEY?

ChartMill assigns a fundamental rating of 4 / 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.


What is the profitability of DWD stock?

MORGAN STANLEY (DWD.DE) has a profitability rating of 4 / 10.


Can you provide the expected EPS growth for DWD stock?

The Earnings per Share (EPS) of MORGAN STANLEY (DWD.DE) is expected to grow by 14.23% in the next year.


Can you provide the dividend sustainability for DWD stock?

The dividend rating of MORGAN STANLEY (DWD.DE) is 4 / 10 and the dividend payout ratio is 40.57%.