MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis

FRA:DWD • US6174464486

144.24 EUR
+1.28 (+0.9%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Taking everything into account, DWD scores 3 out of 10 in our fundamental rating. DWD was compared to 117 industry peers in the Capital Markets industry. DWD may be in some trouble as it scores bad on both profitability and health. DWD has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

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.
  • The reported operating cash flow has been mixed in the past 5 years: DWD reported negative operating cash flow in multiple 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.
  • DWD's Return On Equity of 14.15% is fine compared to the rest of the industry. DWD outperforms 68.38% 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 51.28% of the companies in the same 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

  • The Profit Margin of DWD (13.32%) is comparable to the rest of the industry.
  • DWD's Profit Margin has declined in the last couple of years.
  • The Operating Margin of DWD (18.06%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of DWD has declined.
  • Looking at the Gross Margin, with a value of 54.99%, DWD is in the better half of the industry, outperforming 64.96% of the companies in the same industry.
  • In the last couple of years the Gross Margin of DWD has declined.
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

  • There is no outstanding debt for DWD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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.
  • With a Altman-Z score value of -0.07, DWD perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
  • A Debt/Equity ratio of 7.41 is on the high side and indicates that DWD has dependencies on debt financing.
  • DWD's Debt to Equity ratio of 7.41 is on the low side compared to the rest of the industry. DWD is outperformed by 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

  • A Current Ratio of 0.30 indicates that DWD may have some problems paying its short term obligations.
  • DWD's Current ratio of 0.30 is in line compared to the rest of the industry. DWD outperforms 41.88% 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.
  • With a Quick ratio value of 0.30, DWD perfoms like the industry average, 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.
  • 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.
  • DWD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.42% yearly.
EPS Next Y14.24%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
EPS Next 5Y8.4%
Revenue Next Year8.79%
Revenue Next 2Y7.07%
Revenue Next 3Y6.18%
Revenue Next 5Y5.42%

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

  • The Price/Earnings ratio is 16.52, which indicates a correct valuation of DWD.
  • Compared to the rest of the industry, the Price/Earnings ratio of DWD indicates a somewhat cheap valuation: DWD is cheaper than 71.79% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of DWD to the average of the S&P500 Index (27.13), we can say DWD is valued slightly cheaper.
  • DWD is valuated correctly with a Price/Forward Earnings ratio of 14.47.
  • Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than the industry average as 75.21% of the companies are valued more expensively.
  • DWD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.11.
Industry RankSector Rank
PE 16.52
Fwd PE 14.47
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 70.09% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.66
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

  • DWD has a Yearly Dividend Yield of 2.25%.
  • DWD's Dividend Yield is a higher than the industry average which is at 3.08.
  • Compared to an average S&P500 Dividend Yield of 1.82, DWD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.25%

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

  • 41.70% 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.
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

More info and screens

Find the best dividend stocksShow peers with best dividend

MORGAN STANLEY

FRA:DWD (3/2/2026, 7:00:00 PM)

144.24

+1.28 (+0.9%)

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 Cap228.33B
Revenue(TTM)119.66B
Net Income(TTM)15.56B
Analysts74.55
Price Target178.27 (23.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.25%
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)10.19%
PT rev (3m)20.67%
EPS NQ rev (1m)1.23%
EPS NQ rev (3m)1.64%
EPS NY rev (1m)2.07%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)2.17%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)3.26%
Valuation
Industry RankSector Rank
PE 16.52
Fwd PE 14.47
P/S 2.29
P/FCF N/A
P/OCF N/A
P/B 2.43
P/tB 3.07
EV/EBITDA 19.66
EPS(TTM)8.73
EY6.05%
EPS(NY)9.97
Fwd EY6.91%
FCF(TTM)-3.64
FCFYN/A
OCF(TTM)-1.99
OCFYN/A
SpS63.09
BVpS59.38
TBVpS47.06
PEG (NY)1.16
PEG (5Y)1.78
Graham Number108
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 5Y8.4%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%
Revenue Next Year8.79%
Revenue Next 2Y7.07%
Revenue Next 3Y6.18%
Revenue Next 5Y5.42%
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 3 / 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 3 / 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 16.52 and the Price/Book (PB) ratio is 2.43.


How financially healthy is MORGAN STANLEY?

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