MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
FRA:DWD - Deutsche Boerse Ag - US6174464486 - Common Stock - Currency: EUR
Overall DWD gets a fundamental rating of 4 out of 10. We evaluated DWD against 110 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 decent growth rate and is not valued too expensively. 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
DWD has a Return On Assets (1.05%) which is in line with its industry peers.
DWD's Return On Equity of 12.82% is fine compared to the rest of the industry. DWD outperforms 68.18% of its industry peers.
DWD has a Return On Invested Capital (1.35%) 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 8.43%.
The last Return On Invested Capital (1.35%) for DWD is above the 3 year average (1.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 12.82% | ||
| ROIC | 1.35% |
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
DWD has a Profit Margin (12.43%) which is in line with its industry peers.
DWD's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 17.02%, DWD is in the better half of the industry, outperforming 61.82% of the companies in the same industry.
DWD's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 54.40%, DWD is doing good in the industry, outperforming 70.00% of the companies in the same industry.
DWD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.02% | ||
| PM (TTM) | 12.43% | ||
| GM | 54.4% |
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
DWD has less shares outstanding than it did 1 year ago.
DWD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DWD has a worse debt to assets ratio.
2.2 Solvency
DWD has an Altman-Z score of -0.11. 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 -0.11 is in line compared to the rest of the industry. DWD outperforms 42.73% of its industry peers.
DWD has a Debt/Equity ratio of 7.22. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 7.22, DWD is doing worse than 67.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.11 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
DWD has a Current Ratio of 0.26. 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 0.26, DWD perfoms like the industry average, outperforming 42.73% of the companies in the same industry.
DWD has a Quick Ratio of 0.26. 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 Quick ratio of DWD (0.26) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 51.33% over the past year.
The Earnings Per Share has been growing by 8.88% 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 10.79% in the last year.
Measured over the past years, DWD shows a quite strong growth in Revenue. The Revenue has been growing by 14.79% on average per year.
EPS 1Y (TTM)51.33%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%28.71%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%17.2%
3.2 Future
The Earnings Per Share is expected to grow by 6.26% on average over the next years.
DWD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.10% yearly.
EPS Next Y11.7%
EPS Next 2Y10.26%
EPS Next 3Y10.52%
EPS Next 5Y6.26%
Revenue Next Year8.97%
Revenue Next 2Y6.77%
Revenue Next 3Y5.95%
Revenue Next 5Y3.1%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.63, which indicates a correct valuation of DWD.
67.27% of the companies in the same industry are more expensive than DWD, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of DWD to the average of the S&P500 Index (27.30), we can say DWD is valued slightly cheaper.
A Price/Forward Earnings ratio of 14.68 indicates a correct valuation of DWD.
Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
DWD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.63 | ||
| Fwd PE | 14.68 |
4.2 Price Multiples
DWD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DWD is cheaper than 74.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.51 |
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)1.42
PEG (5Y)1.87
EPS Next 2Y10.26%
EPS Next 3Y10.52%
5. Dividend
5.1 Amount
DWD has a Yearly Dividend Yield of 6.24%, which is a nice return.
DWD's Dividend Yield is rather good when compared to the industry average which is at 6.01. DWD pays more dividend than 92.73% of the companies in the same industry.
DWD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.24% |
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
45.71% 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.
DP45.71%
EPS Next 2Y10.26%
EPS Next 3Y10.52%
FRA:DWD (7/11/2025, 7:00:00 PM)
121.26
-1.04 (-0.85%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners62.74%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap194.54B
Analysts72.9
Price Target112.88 (-6.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.24% |
Yearly Dividend3.25
Dividend Growth(5Y)18.94%
DP45.71%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.77%
Min EPS beat(2)14.48%
Max EPS beat(2)27.07%
EPS beat(4)4
Avg EPS beat(4)16.07%
Min EPS beat(4)7.49%
Max EPS beat(4)27.07%
EPS beat(8)7
Avg EPS beat(8)10.85%
EPS beat(12)9
Avg EPS beat(12)6.29%
EPS beat(16)13
Avg EPS beat(16)7.3%
Revenue beat(2)2
Avg Revenue beat(2)4.34%
Min Revenue beat(2)3.91%
Max Revenue beat(2)4.78%
Revenue beat(4)4
Avg Revenue beat(4)3.58%
Min Revenue beat(4)1.95%
Max Revenue beat(4)4.78%
Revenue beat(8)5
Avg Revenue beat(8)1.47%
Revenue beat(12)9
Avg Revenue beat(12)12.39%
Revenue beat(16)12
Avg Revenue beat(16)10.02%
PT rev (1m)-0.18%
PT rev (3m)-12.09%
EPS NQ rev (1m)-6.49%
EPS NQ rev (3m)-4.95%
EPS NY rev (1m)-0.64%
EPS NY rev (3m)-0.94%
Revenue NQ rev (1m)-1.16%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.63 | ||
| Fwd PE | 14.68 | ||
| P/S | 2.06 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.13 | ||
| P/tB | 2.71 | ||
| EV/EBITDA | 19.51 |
EPS(TTM)7.29
EY6.01%
EPS(NY)8.26
Fwd EY6.81%
FCF(TTM)-16.18
FCFYN/A
OCF(TTM)-14.39
OCFYN/A
SpS58.77
BVpS56.99
TBVpS44.71
PEG (NY)1.42
PEG (5Y)1.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 12.82% | ||
| ROCE | 3.09% | ||
| ROIC | 1.35% | ||
| ROICexc | 1.48% | ||
| ROICexgc | 1.55% | ||
| OM | 17.02% | ||
| PM (TTM) | 12.43% | ||
| GM | 54.4% | ||
| 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)1.52%
ROCE(3y)2.71%
ROCE(5y)2.94%
ROICexcg growth 3Y-6.85%
ROICexcg growth 5Y1.53%
ROICexc growth 3Y-6.8%
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-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 32.42 | ||
| Cap/Depr | 66.5% | ||
| Cap/Sales | 3.05% | ||
| Interest Coverage | 0.4 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | -0.11 |
F-Score5
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)51.33%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%28.71%
EPS Next Y11.7%
EPS Next 2Y10.26%
EPS Next 3Y10.52%
EPS Next 5Y6.26%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%17.2%
Revenue Next Year8.97%
Revenue Next 2Y6.77%
Revenue Next 3Y5.95%
Revenue Next 5Y3.1%
EBIT growth 1Y43.88%
EBIT growth 3Y-3.64%
EBIT growth 5Y9.26%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-54.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-63.47%
OCF growth 3Y-65.77%
OCF growth 5Y-49.33%