MORGAN STANLEY (DWD.DE) Fundamental Analysis & Valuation

FRA:DWD • US6174464486

Current stock price

160.45 EUR
-3.05 (-1.87%)
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.
  • In the past year DWD has reported a negative cash flow from operations.
  • 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 of 1.14%. This is comparable to the rest of the industry: DWD outperforms 55.93% of its industry peers.
  • DWD's Return On Equity of 14.56% is fine compared to the rest of the industry. DWD outperforms 75.42% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.45%, DWD is in line with its industry, outperforming 53.39% of the companies in the same industry.
  • DWD had an Average Return On Invested Capital over the past 3 years of 1.27%. This is significantly below the industry average of 8.97%.
  • 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 54.24% of the companies in the same industry.
  • DWD's Profit Margin has declined in the last couple of years.
  • DWD has a Operating Margin (18.35%) which is comparable to the rest of the industry.
  • 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 67.80% 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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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. DWD.DE Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for DWD has been reduced compared to 1 year ago.
  • The number of shares outstanding for DWD has been reduced compared to 5 years ago.
  • Compared to 1 year ago, DWD has a worse debt to assets ratio.
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 -0.07. This is a bad value and indicates that DWD is not financially healthy and even 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 43.22% of its industry peers.
  • DWD has a Debt/Equity ratio of 7.71. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 7.71, DWD is doing worse than 68.64% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 7.71
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 2025 0 100B 200B 300B

2.3 Liquidity

  • A Current Ratio of 0.30 indicates that DWD may have some problems paying its short term obligations.
  • DWD has a worse Current ratio (0.30) than 61.02% of 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.
  • DWD has a Quick ratio of 0.30. This is in the lower half of the industry: DWD underperforms 61.02% of its industry peers.
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 29.58%, which is quite impressive.
  • The Earnings Per Share has been growing by 9.28% on average over the past years. This is quite good.
  • Looking at the last year, DWD shows a quite strong growth in Revenue. The Revenue has grown by 12.28% in the last year.
  • The Revenue has been growing by 17.86% on average over the past years. This is quite good.
EPS 1Y (TTM)29.58%
EPS 3Y18.47%
EPS 5Y9.28%
EPS Q2Q%31.92%
Revenue 1Y (TTM)12.28%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%16.02%

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 8.40% on average per year.
  • DWD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.42% yearly.
EPS Next Y15.01%
EPS Next 2Y11.69%
EPS Next 3Y9.58%
EPS Next 5Y8.4%
Revenue Next Year8.97%
Revenue Next 2Y7.28%
Revenue Next 3Y6.28%
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.
  • 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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4

4. DWD.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.00, DWD is valued correctly.
  • 72.88% of the companies in the same industry are more expensive than DWD, based on the Price/Earnings ratio.
  • DWD is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 14.73 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 77.12% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DWD to the average of the S&P500 Index (22.24), we can say DWD is valued slightly cheaper.
Industry RankSector Rank
PE 17
Fwd PE 14.73
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 the industry average as 66.95% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 21.09
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)1.13
PEG (5Y)1.83
EPS Next 2Y11.69%
EPS Next 3Y9.58%

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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 2.14%. Purely for dividend investing, there may be better candidates out there.
  • DWD's Dividend Yield is comparable with the industry average which is at 3.01.
  • DWD's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.14%

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 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

  • DWD pays out 40.57% 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.
DP40.57%
EPS Next 2Y11.69%
EPS Next 3Y9.58%
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 (4/24/2026, 7:00:00 PM)

160.45

-3.05 (-1.87%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)04-15
Earnings (Next)07-15
Inst Owners62.71%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap253.73B
Revenue(TTM)123.68B
Net Income(TTM)16.25B
Analysts74.55
Price Target165.32 (3.04%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.14%
Yearly Dividend3.5
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)-7.26%
PT rev (3m)2.19%
EPS NQ rev (1m)1.89%
EPS NQ rev (3m)5.37%
EPS NY rev (1m)0.68%
EPS NY rev (3m)7.9%
Revenue NQ rev (1m)2.46%
Revenue NQ rev (3m)3.82%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)2.36%
Valuation
Industry RankSector Rank
PE 17
Fwd PE 14.73
P/S 2.48
P/FCF N/A
P/OCF N/A
P/B 2.66
P/tB 3.34
EV/EBITDA 21.09
EPS(TTM)9.44
EY5.88%
EPS(NY)10.89
Fwd EY6.79%
FCF(TTM)-11.24
FCFYN/A
OCF(TTM)-9.67
OCFYN/A
SpS64.71
BVpS60.37
TBVpS48.07
PEG (NY)1.13
PEG (5Y)1.83
Graham Number113.232 (-29.43%)
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 -0.07
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)29.58%
EPS 3Y18.47%
EPS 5Y9.28%
EPS Q2Q%31.92%
EPS Next Y15.01%
EPS Next 2Y11.69%
EPS Next 3Y9.58%
EPS Next 5Y8.4%
Revenue 1Y (TTM)12.28%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%16.02%
Revenue Next Year8.97%
Revenue Next 2Y7.28%
Revenue Next 3Y6.28%
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 15.01% 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%.