MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
Europe - FRA:DWD - US6174464486 - Common Stock
141.32 EUR
+1.78 (+1.28%)
DWD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 117 industry peers in the Capital Markets industry. While DWD is still in line with the averages on profitability rating, there are concerns on its financial health. DWD is not valued too expensively and it also shows a decent growth rate. DWD also has an excellent dividend rating.
1. Profitability
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.
1.2 Ratios
The Return On Assets of DWD (1.14%) is comparable to the rest of the industry.
DWD's Return On Equity of 14.15% is fine compared to the rest of the industry. DWD outperforms 70.09% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.46%, DWD is in line with its industry, outperforming 54.70% of the companies in the same industry.
DWD had an Average Return On Invested Capital over the past 3 years of 1.17%. This is significantly below the industry average of 8.96%.
The 3 year average ROIC (1.17%) for DWD is below the current ROIC(1.46%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 14.15% | ||
| ROIC | 1.46% |
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 13.32%, DWD perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
DWD's Profit Margin has declined in the last couple of years.
DWD has a better Operating Margin (18.06%) than 63.25% 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 69.23% of its industry peers.
In the last couple of years the Gross Margin of DWD has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.06% | ||
| PM (TTM) | 13.32% | ||
| GM | 54.99% |
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
Compared to 1 year ago, DWD has less shares outstanding
Compared to 5 years ago, DWD has more shares outstanding
DWD has a worse debt/assets ratio than last year.
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.
DWD has a Altman-Z score of -0.08. This is comparable to the rest of the industry: DWD outperforms 41.03% of its industry peers.
DWD has a Debt/Equity ratio of 7.41. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of DWD (7.41) is worse than 70.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.08 |
ROIC/WACCN/A
WACCN/A
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.
The Current ratio of DWD (0.30) is comparable to the rest of the industry.
A Quick Ratio of 0.30 indicates that DWD may have some problems paying its short term obligations.
DWD has a Quick ratio (0.30) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
DWD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.31%, 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 11.08% in the last year.
The Revenue has been growing by 14.79% on average over the past years. This is quite good.
EPS 1Y (TTM)45.31%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%48.94%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%18.47%
3.2 Future
The Earnings Per Share is expected to grow by 12.43% on average over the next years. This is quite good.
Based on estimates for the next years, DWD will show a small growth in Revenue. The Revenue will grow by 7.20% on average per year.
EPS Next Y28.4%
EPS Next 2Y16.67%
EPS Next 3Y15.06%
EPS Next 5Y12.43%
Revenue Next Year16.5%
Revenue Next 2Y10.88%
Revenue Next 3Y9.15%
Revenue Next 5Y7.2%
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 accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.78, DWD is valued correctly.
Based on the Price/Earnings ratio, DWD is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
DWD is valuated rather cheaply when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
DWD is valuated correctly with a Price/Forward Earnings ratio of 15.15.
Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than 75.21% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.42, DWD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.78 | ||
| Fwd PE | 15.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DWD is valued a bit cheaper than 70.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.29 |
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.
DWD's earnings are expected to grow with 15.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)1.89
EPS Next 2Y16.67%
EPS Next 3Y15.06%
5. Dividend
5.1 Amount
DWD has a Yearly Dividend Yield of 6.45%, which is a nice return.
DWD's Dividend Yield is rather good when compared to the industry average which is at 5.81. DWD pays more dividend than 89.74% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, DWD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.45% |
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
DWD pays out 41.70% of its income as dividend. 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.
DP41.7%
EPS Next 2Y16.67%
EPS Next 3Y15.06%
FRA:DWD (11/20/2025, 10:00:59 AM)
141.32
+1.78 (+1.28%)
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 Cap224.84B
Revenue(TTM)116.83B
Net Income(TTM)15.56B
Analysts73.33
Price Target144.82 (2.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.45% |
Yearly Dividend3.26
Dividend Growth(5Y)18.94%
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)11.54%
PT rev (3m)14.51%
EPS NQ rev (1m)10.39%
EPS NQ rev (3m)13.16%
EPS NY rev (1m)11.23%
EPS NY rev (3m)14.96%
Revenue NQ rev (1m)3.36%
Revenue NQ rev (3m)5.18%
Revenue NY rev (1m)4.02%
Revenue NY rev (3m)4.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.78 | ||
| Fwd PE | 15.15 | ||
| P/S | 2.23 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.37 | ||
| P/tB | 2.99 | ||
| EV/EBITDA | 19.29 |
EPS(TTM)8.42
EY5.96%
EPS(NY)9.33
Fwd EY6.6%
FCF(TTM)-3.66
FCFYN/A
OCF(TTM)-2
OCFYN/A
SpS63.4
BVpS59.67
TBVpS47.29
PEG (NY)0.59
PEG (5Y)1.89
Graham Number106.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 14.15% | ||
| ROCE | 3.33% | ||
| ROIC | 1.46% | ||
| ROICexc | 1.61% | ||
| ROICexgc | 1.7% | ||
| OM | 18.06% | ||
| PM (TTM) | 13.32% | ||
| GM | 54.99% | ||
| 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%
ROICexgc growth 3Y-7.03%
ROICexgc 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-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector 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 | -0.08 |
F-Score6
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)45.31%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%48.94%
EPS Next Y28.4%
EPS Next 2Y16.67%
EPS Next 3Y15.06%
EPS Next 5Y12.43%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%18.47%
Revenue Next Year16.5%
Revenue Next 2Y10.88%
Revenue Next 3Y9.15%
Revenue Next 5Y7.2%
EBIT growth 1Y37.32%
EBIT growth 3Y-3.64%
EBIT growth 5Y9.26%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.65%
OCF growth 3Y-65.77%
OCF growth 5Y-49.33%
MORGAN STANLEY / DWD.DE FAQ
Can you provide the ChartMill fundamental rating for MORGAN STANLEY?
ChartMill assigns a fundamental rating of 4 / 10 to DWD.DE.
Can you provide the valuation status for MORGAN STANLEY?
ChartMill assigns a valuation rating of 5 / 10 to MORGAN STANLEY (DWD.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for MORGAN STANLEY?
MORGAN STANLEY (DWD.DE) has a profitability rating of 4 / 10.
What is the financial health of MORGAN STANLEY (DWD.DE) stock?
The financial health rating of MORGAN STANLEY (DWD.DE) is 1 / 10.
What is the expected EPS growth for MORGAN STANLEY (DWD.DE) stock?
The Earnings per Share (EPS) of MORGAN STANLEY (DWD.DE) is expected to grow by 28.4% in the next year.