MSCI INC (MSCI)
US55354G1004 - Common Stock
MSCI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 218 industry peers in the Capital Markets industry. MSCI scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, MSCI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year MSCI was profitable.
MSCI had a positive operating cash flow in the past year.
Each year in the past 5 years MSCI has been profitable.
In the past 5 years MSCI always reported a positive cash flow from operatings.
1.2 Ratios
MSCI has a Return On Assets of 22.31%. This is amongst the best in the industry. MSCI outperforms 99.07% of its industry peers.
With an excellent Return On Invested Capital value of 31.00%, MSCI belongs to the best of the industry, outperforming 98.60% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MSCI is significantly above the industry average of 6.96%.
The last Return On Invested Capital (31.00%) for MSCI is above the 3 year average (25.66%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.31% | ||
| ROE | N/A | ||
| ROIC | 31% |
ROA(3y)17.14%
ROA(5y)15.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)25.66%
ROIC(5y)23.88%
1.3 Margins
Looking at the Profit Margin, with a value of 43.06%, MSCI belongs to the top of the industry, outperforming 86.51% of the companies in the same industry.
In the last couple of years the Profit Margin of MSCI has grown nicely.
Looking at the Operating Margin, with a value of 53.31%, MSCI belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
MSCI's Operating Margin has improved in the last couple of years.
MSCI has a Gross Margin of 81.97%. This is amongst the best in the industry. MSCI outperforms 83.26% of its industry peers.
MSCI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.31% | ||
| PM (TTM) | 43.06% | ||
| GM | 81.97% |
OM growth 3Y1.61%
OM growth 5Y2.71%
PM growth 3Y8.56%
PM growth 5Y5.1%
GM growth 3Y-0.18%
GM growth 5Y0.59%
2. Health
2.1 Basic Checks
Compared to 1 year ago, MSCI has less shares outstanding
Compared to 5 years ago, MSCI has less shares outstanding
The debt/assets ratio for MSCI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 7.04 indicates that MSCI is not in any danger for bankruptcy at the moment.
The Altman-Z score of MSCI (7.04) is better than 92.56% of its industry peers.
The Debt to FCF ratio of MSCI is 3.30, which is a good value as it means it would take MSCI, 3.30 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MSCI (3.30) is better than 71.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.3 | ||
| Altman-Z | 7.04 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.93 indicates that MSCI may have some problems paying its short term obligations.
MSCI has a Current ratio (0.93) which is comparable to the rest of the industry.
A Quick Ratio of 0.93 indicates that MSCI may have some problems paying its short term obligations.
MSCI has a Quick ratio of 0.93. This is comparable to the rest of the industry: MSCI outperforms 42.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.84% over the past year.
MSCI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.75% yearly.
MSCI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.05%.
The Revenue has been growing by 12.02% on average over the past years. This is quite good.
EPS 1Y (TTM)15.84%
EPS 3Y20%
EPS 5Y20.75%
EPS Q2Q%11.88%
Revenue 1Y (TTM)16.05%
Revenue growth 3Y14.26%
Revenue growth 5Y12.02%
Sales Q2Q%15.87%
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 11.92% on average per year.
Based on estimates for the next years, MSCI will show a quite strong growth in Revenue. The Revenue will grow by 8.91% on average per year.
EPS Next Y12.95%
EPS Next 2Y13.34%
EPS Next 3Y13.37%
EPS Next 5Y11.92%
Revenue Next Year14.35%
Revenue Next 2Y11.83%
Revenue Next 3Y11%
Revenue Next 5Y8.91%
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.
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
A Price/Earnings ratio of 39.55 indicates a quite expensive valuation of MSCI.
MSCI's Price/Earnings ratio is a bit more expensive when compared to the industry. MSCI is more expensive than 77.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of MSCI to the average of the S&P500 Index (28.96), we can say MSCI is valued slightly more expensively.
The Price/Forward Earnings ratio is 33.45, which means the current valuation is very expensive for MSCI.
MSCI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MSCI is more expensive than 73.95% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MSCI to the average of the S&P500 Index (23.82), we can say MSCI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.55 | ||
| Fwd PE | 33.45 |
4.2 Price Multiples
MSCI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MSCI is cheaper than 61.86% of the companies in the same industry.
MSCI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.53 | ||
| EV/EBITDA | 29.7 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MSCI does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of MSCI may justify a higher PE ratio.
MSCI's earnings are expected to grow with 13.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.05
PEG (5Y)1.91
EPS Next 2Y13.34%
EPS Next 3Y13.37%
5. Dividend
5.1 Amount
MSCI has a Yearly Dividend Yield of 1.06%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 9.01, MSCI is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.23, MSCI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
On average, the dividend of MSCI grows each year by 23.10%, which is quite nice.
MSCI has paid a dividend for at least 10 years, which is a reliable track record.
As MSCI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)23.1%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
MSCI pays out 40.88% of its income as dividend. 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.
DP40.88%
EPS Next 2Y13.34%
EPS Next 3Y13.37%
MSCI INC
NYSE:MSCI (11/21/2024, 6:36:28 PM)
After market: 581.34 0 (0%)581.34
-0.66 (-0.11%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap45.56B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.55 | ||
| Fwd PE | 33.45 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.05
PEG (5Y)1.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.31% | ||
| ROE | N/A | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 53.31% | ||
| PM (TTM) | 43.06% | ||
| GM | 81.97% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)15.84%
EPS 3Y20%
EPS 5Y
EPS Q2Q%
EPS Next Y12.95%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.05%
Revenue growth 3Y14.26%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y