MORGAN STANLEY (DWD.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:DWD - US6174464486 - Common Stock
158.01 EUR
-2.19 (-1.37%)
We assign a fundamental rating of 4 out of 10 to DWD. DWD was compared to 125 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's Return On Assets of 1.14% is in line compared to the rest of the industry. DWD outperforms 53.60% of its industry peers.
DWD has a Return On Equity of 14.15%. This is in the better half of the industry: DWD outperforms 71.20% of its industry peers.
DWD's Return On Invested Capital of 1.46% is in line compared to the rest of the industry. DWD outperforms 54.40% 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 8.63%.
The 3 year average ROIC (1.17%) for DWD is below the current ROIC(1.46%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 14.15% | ||
| ROIC | 1.46% |
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
The Profit Margin of DWD (13.32%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of DWD has declined.
DWD has a Operating Margin (18.06%) which is in line with its industry peers.
In the last couple of years the Operating Margin of DWD has declined.
With a decent Gross Margin value of 54.99%, DWD is doing good in the industry, outperforming 66.40% of the companies in the same industry.
DWD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.06% | ||
| PM (TTM) | 13.32% | ||
| GM | 54.99% |
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.
Compared to 5 years ago, DWD has more shares outstanding
DWD has a worse debt/assets ratio than last year.
2.2 Solvency
DWD has an Altman-Z score of -0.06. This is a bad value and indicates that DWD is not financially healthy and even has some risk of bankruptcy.
DWD has a Altman-Z score (-0.06) which is in line with its industry peers.
A Debt/Equity ratio of 7.41 is on the high side and indicates that DWD has dependencies on debt financing.
The Debt to Equity ratio of DWD (7.41) is worse than 66.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.06 |
ROIC/WACCN/A
WACCN/A
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 of 0.30. This is comparable to the rest of the industry: DWD outperforms 42.40% of its industry peers.
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 42.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
DWD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.31%, which is quite impressive.
The Earnings Per Share has been growing by 8.88% on average over the past years. This is quite good.
DWD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.08%.
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)45.31%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%48.94%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%18.47%
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 12.43% on average per year.
Based on estimates for the next years, DWD will show a small growth in Revenue. The Revenue will grow by 7.20% on average per year.
EPS Next Y28.7%
EPS Next 2Y17.07%
EPS Next 3Y15.27%
EPS Next 5Y12.43%
Revenue Next Year16.56%
Revenue Next 2Y11.03%
Revenue Next 3Y9.26%
Revenue Next 5Y7.2%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 18.88, DWD is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of DWD indicates a somewhat cheap valuation: DWD is cheaper than 64.80% of the companies listed in the same industry.
DWD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.19.
Based on the Price/Forward Earnings ratio of 16.90, the valuation of DWD can be described as correct.
Based on the Price/Forward Earnings ratio, DWD is valued a bit cheaper than the industry average as 68.80% 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 23.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.88 | ||
| Fwd PE | 16.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DWD is valued a bit cheaper than 69.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.79 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
DWD's earnings are expected to grow with 15.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)2.13
EPS Next 2Y17.07%
EPS Next 3Y15.27%
5. Dividend
5.1 Amount
DWD has a Yearly Dividend Yield of 6.50%, which is a nice return.
Compared to an average industry Dividend Yield of 3.32, DWD pays a better dividend. On top of this DWD pays more dividend than 92.80% of the companies listed in the same industry.
DWD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
5.2 History
The dividend of DWD is nicely growing with an annual growth rate of 18.94%!
Dividend Growth(5Y)18.94%
Div Incr Years6
Div Non Decr Years6
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.
DWD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.7%
EPS Next 2Y17.07%
EPS Next 3Y15.27%
FRA:DWD (1/12/2026, 5:01:26 PM)
158.01
-2.19 (-1.37%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners62.56%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap251.39B
Revenue(TTM)116.83B
Net Income(TTM)15.56B
Analysts74.55
Price Target150.2 (-4.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
Yearly Dividend3.26
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)1.24%
PT rev (3m)15.68%
EPS NQ rev (1m)-0.15%
EPS NQ rev (3m)12.8%
EPS NY rev (1m)0.04%
EPS NY rev (3m)11.48%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)4.77%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)4.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.88 | ||
| Fwd PE | 16.9 | ||
| P/S | 2.51 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.66 | ||
| P/tB | 3.36 | ||
| EV/EBITDA | 20.79 |
EPS(TTM)8.37
EY5.3%
EPS(NY)9.35
Fwd EY5.92%
FCF(TTM)-3.64
FCFYN/A
OCF(TTM)-1.99
OCFYN/A
SpS63.08
BVpS59.37
TBVpS47.05
PEG (NY)0.66
PEG (5Y)2.13
Graham Number105.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.14% | ||
| ROE | 14.15% | ||
| ROCE | 3.33% | ||
| ROIC | 1.46% | ||
| ROICexc | 1.61% | ||
| ROICexgc | 1.7% | ||
| OM | 18.06% | ||
| PM (TTM) | 13.32% | ||
| GM | 54.99% | ||
| 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)1.53%
ROCE(3y)2.71%
ROCE(5y)2.95%
ROICexgc growth 3Y-7.03%
ROICexgc growth 5Y1.53%
ROICexc growth 3Y-6.98%
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-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector 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 | -0.06 |
F-Score6
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)45.31%
EPS 3Y-0.38%
EPS 5Y8.88%
EPS Q2Q%48.94%
EPS Next Y28.7%
EPS Next 2Y17.07%
EPS Next 3Y15.27%
EPS Next 5Y12.43%
Revenue 1Y (TTM)11.08%
Revenue growth 3Y20.63%
Revenue growth 5Y14.79%
Sales Q2Q%18.47%
Revenue Next Year16.56%
Revenue Next 2Y11.03%
Revenue Next 3Y9.26%
Revenue Next 5Y7.2%
EBIT growth 1Y37.32%
EBIT growth 3Y-3.64%
EBIT growth 5Y9.26%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.65%
OCF growth 3Y-65.77%
OCF growth 5Y-49.33%
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 18.88 and the Price/Book (PB) ratio is 2.66.
How financially healthy is MORGAN STANLEY?
The financial health rating of MORGAN STANLEY (DWD.DE) is 1 / 10.