Valuation Morgan Stanley

Equities

Market Closed - Nyse Other stock markets 16:00:02 2025-12-12 EST			5-day change	1st Jan Change
178.41 ^USD	-1.04%		+1.08%	+41.91%

12-12	Virgin Galactic Capital Realignment Extends Runway Into 2028, Morgan Stanley Says	MT
12-12	Mexico central bank to cut rates on December 18; economists closely split on early 2026 pause	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	123,984	176,139	143,693	153,052	202,539	283,549	-	-
Change	-	42.07%	-18.42%	6.51%	32.33%	40%	-	-
Enterprise Value (EV) ¹	309,590	366,069	339,995	340,207	407,574	512,105	512,105	512,105
Change	-	18.24%	-7.12%	0.06%	19.8%	25.65%	0%	0%
P/E ratio	10.6x	12.2x	13.8x	18x	15.8x	18x	16.9x	15.2x
PBR	1.34x	1.78x	1.56x	1.68x	2.13x	2.81x	2.64x	2.47x
PEG	-	0.5x	-0.6x	-1.1x	0.3x	0.7x	2.51x	1.3x
Capitalization / Revenue	2.57x	2.95x	2.68x	2.83x	3.28x	4.04x	3.83x	3.64x
EV / Revenue	6.42x	6.13x	6.34x	6.28x	6.6x	7.29x	6.92x	6.57x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	21.5x	18.6x	23.7x	27.6x	22.8x	24.3x	23.9x	22.2x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	1.4	2.45	3.025	3.25	3.625	3.862	4.21	4.686
Rate of return	2.04%	2.5%	3.56%	3.49%	2.88%	2.16%	2.36%	2.63%
EPS ²	6.46	8.03	6.15	5.18	7.95	9.91	10.58	11.77
Distribution rate	21.7%	30.5%	49.2%	62.7%	45.6%	39%	39.8%	39.8%
Net sales ¹	48,198	59,755	53,668	54,143	61,761	70,230	73,987	77,914
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	14,418	19,672	14,369	12,345	17,860	21,046	21,442	23,038
Net income ¹	10,500	14,566	10,540	8,530	12,800	15,813	16,664	17,896
Net Debt ¹	185,606	189,930	196,302	187,155	205,035	228,557	228,557	228,557
Reference price ²	68.53	98.16	85.02	93.25	125.72	178.41	178.41	178.41
Nbr of stocks (in thousands)	1,809,198	1,794,412	1,690,109	1,641,312	1,611,036	1,589,309	-	-
Announcement Date	1/20/21	1/19/22	1/17/23	1/16/24	1/16/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MORGAN STANLEY	18x	7.29x	-	2.16%	284B
THE GOLDMAN SACHS GROUP, INC.	18.24x	10.97x	-	1.57%	279B
CITIGROUP INC.	14.68x	-	-	2.08%	200B
CHARLES SCHWAB	20.86x	7.01x	12.05x	1.12%	172B
CITIC SECURITIES COMPANY LIMITED	14.57x	1.36x	-	2.41%	58.59B
RAYMOND JAMES FINANCIAL, INC.	14.27x	-	-	1.39%	32.23B
LPL FINANCIAL HOLDINGS INC.	35.03x	2.21x	14.62x	0.32%	30.49B
HUATAI SECURITIES CO., LTD.	11.89x	6.33x	-	2.46%	26.86B
CSC FINANCIAL CO., LTD.	9.64x	-	-	3.09%	26.44B
NOMURA HOLDINGS, INC.	10.74x	6.35x	-	3.73%	24.64B
Average	16.79x	5.93x	13.34x	2.03%	113.31B
Weighted average by Cap.	17.58x	7.78x	12.44x	1.85%