Financials Morgan Stanley Nyse

Equities

MS.PRI

US61761J4067

Investment Banking & Brokerage Services

Market Closed - Nyse 20:50:05 17/05/2024 BST 5-day change 1st Jan Change
25.18 USD +0.04% Intraday chart for Morgan Stanley +0.72% +1.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 82,743 123,984 176,139 143,693 153,052 161,834 - -
Enterprise Value (EV) 1 348,481 309,590 366,069 339,995 340,207 346,452 329,533 329,533
P/E ratio 9.85 x 10.6 x 12.2 x 13.8 x 18 x 14.4 x 13.1 x 12 x
Yield 2.64% 2.04% 2.5% 3.56% 3.49% 3.51% 3.71% 3.86%
Capitalization / Revenue 2 x 2.57 x 2.95 x 2.68 x 2.83 x 2.8 x 2.67 x 2.56 x
EV / Revenue 8.41 x 6.42 x 6.13 x 6.34 x 6.28 x 6 x 5.44 x 5.22 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - -9.21 x 71.8 x 55.4 x 52.1 x
FCF Yield - - - - -10.9% 1.39% 1.81% 1.92%
Price to Book 1.12 x 1.34 x 1.78 x 1.56 x 1.68 x 1.75 x 1.69 x 1.59 x
Nbr of stocks (in thousands) 1,618,598 1,809,198 1,794,412 1,690,109 1,641,312 1,625,163 - -
Reference price 2 51.12 68.53 98.16 85.02 93.25 99.58 99.58 99.58
Announcement Date 16/01/20 20/01/21 19/01/22 17/01/23 16/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 41,419 48,198 59,755 53,668 54,143 57,739 60,596 63,175
EBITDA - - - - - - - -
EBIT 1 11,473 14,418 19,672 14,369 12,345 14,888 15,996 16,903
Operating Margin 27.7% 29.91% 32.92% 26.77% 22.8% 25.78% 26.4% 26.76%
Earnings before Tax (EBT) 1 11,301 14,418 19,668 14,089 11,813 14,857 16,063 17,391
Net income 1 8,512 10,500 14,566 10,540 8,530 10,947 11,856 12,600
Net margin 20.55% 21.79% 24.38% 19.64% 15.75% 18.96% 19.57% 19.94%
EPS 2 5.190 6.460 8.030 6.150 5.180 6.896 7.596 8.303
Free Cash Flow 1 - - - - -36,948 4,828 5,953 6,331
FCF margin - - - - -68.24% 8.36% 9.82% 10.02%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - 44.1% 50.21% 50.24%
Dividend per Share 2 1.350 1.400 2.450 3.025 3.250 3.498 3.691 3.842
Announcement Date 16/01/20 20/01/21 19/01/22 17/01/23 16/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 14,524 14,801 13,132 12,986 12,749 14,517 13,457 13,273 12,896 15,136 14,327 14,247 14,316 15,692 15,273
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4,889 4,645 3,740 3,546 2,881 3,994 - - 2,099 4,389 3,742 3,811 3,420 4,656 4,312
Operating Margin 33.66% 31.38% 28.48% 27.31% 22.6% 27.51% - - 16.28% 29% 26.12% 26.75% 23.89% 29.67% 28.23%
Earnings before Tax (EBT) 1 4,884 4,588 3,319 3,388 2,794 3,760 2,812 3,145 2,096 4,395 3,688 3,575 3,354 4,368 4,075
Net income 1 3,592 3,542 2,391 2,494 2,113 2,836 2,049 2,262 1,383 3,266 2,674 2,595 2,483 3,244 3,006
Net margin 24.73% 23.93% 18.21% 19.21% 16.57% 19.54% 15.23% 17.04% 10.72% 21.58% 18.66% 18.21% 17.34% 20.67% 19.68%
EPS 2 2.010 2.020 1.390 1.470 1.260 1.700 1.240 1.380 0.8500 2.020 1.670 1.645 1.568 2.059 1.891
Dividend per Share 2 0.7000 0.7000 0.7750 0.7750 0.7750 0.7750 0.7750 0.8500 0.8500 - 0.8539 0.9030 0.9030 0.9138 0.9138
Announcement Date 19/01/22 14/04/22 14/07/22 14/10/22 17/01/23 19/04/23 18/07/23 18/10/23 16/01/24 16/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 265,738 185,606 189,930 196,302 187,155 184,619 167,699 167,699
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - -36,948 4,828 5,953 6,331
ROE (net income / shareholders' equity) 11.7% 13.1% 15% 11.2% 9.4% 11.9% 12.9% 13.6%
ROA (Net income/ Total Assets) 0.97% 1.04% 1.3% 0.92% 0.72% 0.92% 0.98% 0.98%
Assets 1 874,479 1,005,641 1,124,788 1,145,080 1,187,030 1,191,016 1,207,206 1,282,110
Book Value Per Share 2 45.80 51.10 55.10 54.60 55.50 56.90 59.00 62.50
Cash Flow per Share - -15.50 - - - - - -
Capex 1 - - - - 3,412 261 407 433
Capex / Sales - - - - 6.3% 0.45% 0.67% 0.69%
Announcement Date 16/01/20 20/01/21 19/01/22 17/01/23 16/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
99.58 USD
Average target price
99.11 USD
Spread / Average Target
-0.47%
Consensus