MORGAN STANLEY (DWD.DE) Fundamental Analysis & Valuation

FRA:DWD • US6174464486

Current stock price

143.76 EUR
+0.46 (+0.32%)
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

  • 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 (1.14%) which is in line with its industry peers.
  • With a decent Return On Equity value of 14.56%, DWD is doing good in the industry, outperforming 73.68% of the companies in the same industry.
  • DWD has a Return On Invested Capital of 1.45%. This is comparable to the rest of the industry: DWD outperforms 56.14% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DWD is significantly below the industry average of 9.16%.
  • The last Return On Invested Capital (1.45%) for DWD is above the 3 year average (1.27%), which is a sign of increasing profitability.
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 54.39% 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 (18.35%) than 61.40% of its industry peers.
  • DWD's Operating Margin has declined in the last couple of years.
  • DWD's Gross Margin of 55.13% is fine compared to the rest of the industry. DWD outperforms 69.30% of its industry peers.
  • DWD's Gross Margin has declined in the last couple of years.
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
  • The number of shares outstanding for DWD has been reduced compared to 5 years ago.
  • 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

  • DWD has an Altman-Z score of -0.08. This is a bad value and indicates that DWD is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -0.08, DWD perfoms like the industry average, outperforming 50.88% of the companies in the same industry.
  • DWD has a Debt/Equity ratio of 7.71. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of DWD (7.71) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.71
Debt/FCF N/A
Altman-Z -0.08
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.
  • DWD has a Current ratio (0.30) which is in line with its industry peers.
  • 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

  • DWD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.59%, 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 9.28% on average per year.
  • The Revenue has grown by 11.54% in the past year. This is quite good.
  • 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

  • The Earnings Per Share is expected to grow by 8.40% 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 5.42% on average per year.
EPS Next Y14.23%
EPS Next 2Y11.32%
EPS Next 3Y9.29%
EPS Next 5Y8.4%
Revenue Next Year8.84%
Revenue Next 2Y7.1%
Revenue Next 3Y6.21%
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

  • A Price/Earnings ratio of 16.30 indicates a correct valuation of DWD.
  • Based on the Price/Earnings ratio, DWD is valued a bit cheaper than the industry average as 71.05% of the companies are valued more expensively.
  • DWD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.61.
  • DWD is valuated correctly with a Price/Forward Earnings ratio of 14.26.
  • 76.32% of the companies in the same industry are more expensive than DWD, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, DWD is valued a bit cheaper.
Industry RankSector Rank
PE 16.3
Fwd PE 14.26
DWD.DE Price Earnings VS Forward Price EarningsDWD.DE 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, DWD is valued a bit cheaper than 73.68% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.62
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)1.15
PEG (5Y)1.76
EPS Next 2Y11.32%
EPS Next 3Y9.29%

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 2.52%. Purely for dividend investing, there may be better candidates out there.
  • DWD's Dividend Yield is a higher than the industry average which is at 3.25.
  • Compared to an average S&P500 Dividend Yield of 1.89, DWD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.52%

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

  • 40.57% of the earnings are spent on dividend by DWD. 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.
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 (3/25/2026, 7:00:00 PM)

143.76

+0.46 (+0.32%)

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 Cap228.27B
Revenue(TTM)119.66B
Net Income(TTM)16.25B
Analysts74.55
Price Target178.27 (24.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.52%
Yearly Dividend3.58
Dividend Growth(5Y)20.76%
DP40.57%
Div Incr Years6
Div Non Decr Years6
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)5.52%
PT rev (3m)18.69%
EPS NQ rev (1m)0.4%
EPS NQ rev (3m)4.43%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)7.5%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)1.57%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)3.14%
Valuation
Industry RankSector Rank
PE 16.3
Fwd PE 14.26
P/S 2.21
P/FCF N/A
P/OCF N/A
P/B 2.37
P/tB 2.97
EV/EBITDA 19.62
EPS(TTM)8.82
EY6.14%
EPS(NY)10.08
Fwd EY7.01%
FCF(TTM)-11.31
FCFYN/A
OCF(TTM)-9.74
OCFYN/A
SpS65.12
BVpS60.75
TBVpS48.38
PEG (NY)1.15
PEG (5Y)1.76
Graham Number109.8
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 -0.08
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 Year8.84%
Revenue Next 2Y7.1%
Revenue Next 3Y6.21%
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.


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

MORGAN STANLEY (DWD.DE) has a profitability rating of 4 / 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 16.3 and the Price/Book (PB) ratio is 2.37.


How financially healthy is MORGAN STANLEY?

The financial health rating of MORGAN STANLEY (DWD.DE) is 2 / 10.