MSCI INC (MSCI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MSCI - US55354G1004 - Common Stock
551.09 USD
+1.48 (+0.27%)
551.09 USD
0 (0%)
Taking everything into account, MSCI scores 5 out of 10 in our fundamental rating. MSCI was compared to 237 industry peers in the Capital Markets industry. While MSCI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MSCI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MSCI was profitable.
MSCI had a positive operating cash flow in the past year.
In the past 5 years MSCI has always been profitable.
Each year in the past 5 years MSCI had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MSCI (22.70%) is better than 99.16% of its industry peers.
With an excellent Return On Invested Capital value of 35.11%, MSCI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MSCI is significantly above the industry average of 7.00%.
The last Return On Invested Capital (35.11%) for MSCI is above the 3 year average (29.39%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.7% | ||
| ROE | N/A | ||
| ROIC | 35.11% |
ROA(3y)19.53%
ROA(5y)17.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)29.39%
ROIC(5y)26.42%
1.3 Margins
MSCI has a Profit Margin of 40.03%. This is amongst the best in the industry. MSCI outperforms 84.81% of its industry peers.
MSCI's Profit Margin has been stable in the last couple of years.
The Operating Margin of MSCI (54.17%) is better than 92.83% of its industry peers.
MSCI's Operating Margin has improved in the last couple of years.
MSCI has a better Gross Margin (82.37%) than 86.92% of its industry peers.
MSCI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.17% | ||
| PM (TTM) | 40.03% | ||
| GM | 82.37% |
OM growth 3Y0.65%
OM growth 5Y1.98%
PM growth 3Y3.01%
PM growth 5Y1.42%
GM growth 3Y-0.19%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
The number of shares outstanding for MSCI has been reduced compared to 1 year ago.
Compared to 5 years ago, MSCI has less shares outstanding
The debt/assets ratio for MSCI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.31 indicates that MSCI is not in any danger for bankruptcy at the moment.
MSCI has a better Altman-Z score (6.31) than 89.45% of its industry peers.
The Debt to FCF ratio of MSCI is 3.97, which is a good value as it means it would take MSCI, 3.97 years of fcf income to pay off all of its debts.
MSCI has a better Debt to FCF ratio (3.97) than 74.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.97 | ||
| Altman-Z | 6.31 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MSCI has a Current Ratio of 0.88. This is a bad value and indicates that MSCI is not financially healthy enough and could expect problems in meeting its short term obligations.
MSCI's Current ratio of 0.88 is on the low side compared to the rest of the industry. MSCI is outperformed by 61.60% of its industry peers.
A Quick Ratio of 0.88 indicates that MSCI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.88, MSCI is doing worse than 61.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
MSCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.42%, which is quite good.
MSCI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.74% yearly.
The Revenue has grown by 9.02% in the past year. This is quite good.
The Revenue has been growing by 12.89% on average over the past years. This is quite good.
EPS 1Y (TTM)14.42%
EPS 3Y15.17%
EPS 5Y18.74%
EPS Q2Q%15.8%
Revenue 1Y (TTM)9.02%
Revenue growth 3Y11.81%
Revenue growth 5Y12.89%
Sales Q2Q%9.48%
3.2 Future
Based on estimates for the next years, MSCI will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.18% on average per year.
The Revenue is expected to grow by 8.67% on average over the next years. This is quite good.
EPS Next Y15.17%
EPS Next 2Y13.91%
EPS Next 3Y13.39%
EPS Next 5Y13.18%
Revenue Next Year9.53%
Revenue Next 2Y9.4%
Revenue Next 3Y8.94%
Revenue Next 5Y8.67%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 32.76 indicates a quite expensive valuation of MSCI.
74.26% of the companies in the same industry are cheaper than MSCI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MSCI to the average of the S&P500 Index (26.56), we can say MSCI is valued slightly more expensively.
A Price/Forward Earnings ratio of 27.94 indicates a quite expensive valuation of MSCI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MSCI indicates a slightly more expensive valuation: MSCI is more expensive than 69.20% of the companies listed in the same industry.
MSCI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.76 | ||
| Fwd PE | 27.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MSCI is valued a bit cheaper than 66.67% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSCI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.82 | ||
| EV/EBITDA | 25.19 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MSCI has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as MSCI's earnings are expected to grow with 13.39% in the coming years.
PEG (NY)2.16
PEG (5Y)1.75
EPS Next 2Y13.91%
EPS Next 3Y13.39%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.31%, MSCI has a reasonable but not impressive dividend return.
MSCI's Dividend Yield is slightly below the industry average, which is at 6.13.
Compared to the average S&P500 Dividend Yield of 1.87, MSCI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
5.2 History
On average, the dividend of MSCI grows each year by 19.73%, which is quite nice.
MSCI has paid a dividend for at least 10 years, which is a reliable track record.
MSCI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.73%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
44.68% of the earnings are spent on dividend by MSCI. This is a bit on the high side, but may be sustainable.
The dividend of MSCI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.68%
EPS Next 2Y13.91%
EPS Next 3Y13.39%
551.09
+1.48 (+0.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners94.17%
Inst Owner Change-3.01%
Ins Owners3.02%
Ins Owner Change0.57%
Market Cap41.41B
Revenue(TTM)3.06B
Net Income(TTM)1.22B
Analysts77.69
Price Target661.32 (20%)
Short Float %2.29%
Short Ratio2.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
Yearly Dividend6.49
Dividend Growth(5Y)19.73%
DP44.68%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.53%
Min EPS beat(2)-1.27%
Max EPS beat(2)0.2%
EPS beat(4)3
Avg EPS beat(4)0.71%
Min EPS beat(4)-1.27%
Max EPS beat(4)3.71%
EPS beat(8)7
Avg EPS beat(8)1.69%
EPS beat(12)11
Avg EPS beat(12)1.84%
EPS beat(16)14
Avg EPS beat(16)1.87%
Revenue beat(2)0
Avg Revenue beat(2)-1.79%
Min Revenue beat(2)-2.16%
Max Revenue beat(2)-1.41%
Revenue beat(4)0
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)-1.41%
Revenue beat(8)1
Avg Revenue beat(8)-1.12%
Revenue beat(12)2
Avg Revenue beat(12)-1.07%
Revenue beat(16)2
Avg Revenue beat(16)-1.25%
PT rev (1m)5.29%
PT rev (3m)5.72%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.76 | ||
| Fwd PE | 27.94 | ||
| P/S | 13.55 | ||
| P/FCF | 29.82 | ||
| P/OCF | 27.28 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 25.19 |
EPS(TTM)16.82
EY3.05%
EPS(NY)19.72
Fwd EY3.58%
FCF(TTM)18.48
FCFY3.35%
OCF(TTM)20.2
OCFY3.67%
SpS40.66
BVpS-25.5
TBVpS-75.71
PEG (NY)2.16
PEG (5Y)1.75
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.7% | ||
| ROE | N/A | ||
| ROCE | 42.39% | ||
| ROIC | 35.11% | ||
| ROICexc | 39.08% | ||
| ROICexgc | N/A | ||
| OM | 54.17% | ||
| PM (TTM) | 40.03% | ||
| GM | 82.37% | ||
| FCFM | 45.44% |
ROA(3y)19.53%
ROA(5y)17.22%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)29.39%
ROIC(5y)26.42%
ROICexc(3y)35.12%
ROICexc(5y)35.16%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)35.48%
ROCE(5y)31.9%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y5.35%
ROICexc growth 5Y1.03%
OM growth 3Y0.65%
OM growth 5Y1.98%
PM growth 3Y3.01%
PM growth 5Y1.42%
GM growth 3Y-0.19%
GM growth 5Y0.23%
F-Score7
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.97 | ||
| Debt/EBITDA | 2.98 | ||
| Cap/Depr | 67.62% | ||
| Cap/Sales | 4.24% | ||
| Interest Coverage | 9.37 | ||
| Cash Conversion | 82.2% | ||
| Profit Quality | 113.51% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 6.31 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)64.16%
Cap/Depr(5y)61.27%
Cap/Sales(3y)3.62%
Cap/Sales(5y)3.37%
Profit Quality(3y)114.05%
Profit Quality(5y)117.82%
High Growth Momentum
Growth
EPS 1Y (TTM)14.42%
EPS 3Y15.17%
EPS 5Y18.74%
EPS Q2Q%15.8%
EPS Next Y15.17%
EPS Next 2Y13.91%
EPS Next 3Y13.39%
EPS Next 5Y13.18%
Revenue 1Y (TTM)9.02%
Revenue growth 3Y11.81%
Revenue growth 5Y12.89%
Sales Q2Q%9.48%
Revenue Next Year9.53%
Revenue Next 2Y9.4%
Revenue Next 3Y8.94%
Revenue Next 5Y8.67%
EBIT growth 1Y10.78%
EBIT growth 3Y12.53%
EBIT growth 5Y15.13%
EBIT Next Year22.07%
EBIT Next 3Y13.86%
EBIT Next 5Y12.56%
FCF growth 1Y29.39%
FCF growth 3Y16.55%
FCF growth 5Y16.15%
OCF growth 1Y30.58%
OCF growth 3Y17.06%
OCF growth 5Y16.18%
MSCI INC / MSCI FAQ
Can you provide the ChartMill fundamental rating for MSCI INC?
ChartMill assigns a fundamental rating of 5 / 10 to MSCI.
What is the valuation status for MSCI stock?
ChartMill assigns a valuation rating of 2 / 10 to MSCI INC (MSCI). This can be considered as Overvalued.
How profitable is MSCI INC (MSCI) stock?
MSCI INC (MSCI) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for MSCI stock?
The Price/Earnings (PE) ratio for MSCI INC (MSCI) is 32.76 and the Price/Book (PB) ratio is -21.61.
What is the expected EPS growth for MSCI INC (MSCI) stock?
The Earnings per Share (EPS) of MSCI INC (MSCI) is expected to grow by 15.17% in the next year.