MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis

FRA:DWD • US6174464486

141.96 EUR
-3.02 (-2.08%)
Last: Feb 13, 2026, 11:19 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

DWD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 117 industry peers in the Capital Markets industry. There are concerns on the financial health of DWD while its profitability can be described as average. DWD has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year DWD was profitable.
  • 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

  • DWD has a Return On Assets (1.14%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 14.15%, DWD is in the better half of the industry, outperforming 73.50% of the companies in the same industry.
  • The Return On Invested Capital of DWD (1.46%) is comparable to the rest of the industry.
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 2 4 6 8 10

1.3 Margins

  • DWD has a Profit Margin of 13.32%. This is comparable to the rest of the industry: DWD outperforms 54.70% of its industry peers.
  • In the last couple of years the Profit Margin of DWD has declined.
  • The Operating Margin of DWD (18.06%) is better than 61.54% of its industry peers.
  • DWD's Operating Margin has declined in the last couple of years.
  • DWD's Gross Margin of 54.99% is fine compared to the rest of the industry. DWD outperforms 67.52% of its industry peers.
  • DWD's Gross Margin has declined in the last couple of years.
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

1

2. Health

2.1 Basic Checks

  • DWD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DWD.DE Yearly Shares OutstandingDWD.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200B 400B 600B 800B 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.
  • DWD's Altman-Z score of -0.07 is in line compared to the rest of the industry. DWD outperforms 47.01% 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.
  • DWD has a Debt to Equity ratio of 7.41. This is in the lower half of the industry: DWD underperforms 67.52% of its industry peers.
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 0 100B 200B

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.
  • With a Current ratio value of 0.30, DWD perfoms like the industry average, outperforming 41.88% of the companies in the same industry.
  • A Quick Ratio of 0.30 indicates that DWD may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.30, DWD is in line with its industry, 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 200B 400B 600B

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

6

3. Growth

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.
  • 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

  • The Earnings Per Share is expected to grow by 9.05% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.14% on average over the next years.
EPS Next Y14.24%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
EPS Next 5Y9.05%
Revenue Next Year8.64%
Revenue Next 2Y6.99%
Revenue Next 3Y6.07%
Revenue Next 5Y5.14%

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.
  • 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. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.51, DWD is valued correctly.
  • Based on the Price/Earnings ratio, DWD is valued a bit cheaper than 71.79% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.97, DWD is valued a bit cheaper.
  • DWD is valuated correctly with a Price/Forward Earnings ratio of 14.45.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DWD indicates a somewhat cheap valuation: DWD is cheaper than 76.07% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.96, DWD is valued a bit cheaper.
Industry RankSector Rank
PE 16.51
Fwd PE 14.45
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 the industry average as 67.52% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.92
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)1.16
PEG (5Y)1.78
EPS Next 2Y11.25%
EPS Next 3Y9.4%

More info and screens

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.27%, DWD has a reasonable but not impressive dividend return.
  • DWD's Dividend Yield is a higher than the industry average which is at 3.00.
  • Compared to an average S&P500 Dividend Yield of 1.79, DWD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.27%

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
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

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Find the best dividend stocksShow peers with best dividend

MORGAN STANLEY

FRA:DWD (2/13/2026, 11:19:01 AM)

141.96

-3.02 (-2.08%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-15
Earnings (Next)04-15
Inst Owners62.56%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap225.86B
Revenue(TTM)119.66B
Net Income(TTM)15.56B
Analysts74.55
Price Target168.94 (19.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.27%
Yearly Dividend3.22
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)12.48%
PT rev (3m)15.88%
EPS NQ rev (1m)1.23%
EPS NQ rev (3m)1.87%
EPS NY rev (1m)7.18%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)2.17%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)2.86%
Revenue NY rev (3m)3.12%
Valuation
Industry RankSector Rank
PE 16.51
Fwd PE 14.45
P/S 2.3
P/FCF N/A
P/OCF N/A
P/B 2.44
P/tB 3.08
EV/EBITDA 19.92
EPS(TTM)8.6
EY6.06%
EPS(NY)9.82
Fwd EY6.92%
FCF(TTM)-3.57
FCFYN/A
OCF(TTM)-1.95
OCFYN/A
SpS61.85
BVpS58.21
TBVpS46.13
PEG (NY)1.16
PEG (5Y)1.78
Graham Number106.13
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 5Y9.05%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%
Revenue Next Year8.64%
Revenue Next 2Y6.99%
Revenue Next 3Y6.07%
Revenue Next 5Y5.14%
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 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 16.51 and the Price/Book (PB) ratio is 2.44.


How financially healthy is MORGAN STANLEY?

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