Company Valuation: Morgan Stanley

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,139 143,693 153,052 202,539 282,150 292,514 - -
Change - -18.42% 6.51% 32.33% 39.31% 3.67% - -
Enterprise Value (EV) 1 366,069 339,995 340,207 407,574 540,993 526,805 526,805 526,805
Change - -7.12% 0.06% 19.8% 32.73% -2.62% 0% 0%
P/E 12.2x 13.8x 18x 15.8x 17.4x 14.5x 13.7x 12.8x
PBR 1.78x 1.56x 1.68x 2.13x 2.76x 2.71x 2.48x 2.31x
PEG - -0.6x -1.1x 0.3x 0.6x 0.6x 2.31x 1.81x
Capitalization / Revenue 2.95x 2.68x 2.83x 3.28x 3.99x 3.55x 3.38x 3.24x
EV / Revenue 6.13x 6.34x 6.28x 6.6x 7.66x 6.4x 6.09x 5.83x
EV / EBITDA - - - - - - - -
EV / EBIT 18.6x 23.7x 27.6x 22.8x 24.3x 19.3x 19.4x 19.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.45 3.025 3.25 3.625 3.85 4.299 4.77 5.16
Rate of return 2.5% 3.56% 3.49% 2.88% 2.17% 2.3% 2.55% 2.76%
EPS 2 8.03 6.15 5.18 7.95 10.21 12.85 13.61 14.57
Distribution rate 30.5% 49.2% 62.7% 45.6% 37.7% 33.5% 35% 35.4%
Net sales 1 59,755 53,668 54,143 61,761 70,645 82,302 86,521 90,304
EBITDA - - - - - - - -
EBIT 1 19,672 14,369 12,345 17,860 22,303 27,329 27,191 27,348
Net income 1 14,566 10,540 8,530 12,800 16,249 20,152 20,927 21,757
Net Debt 1 189,930 196,302 187,155 205,035 258,843 234,291 234,291 234,291
Reference price 2 98.16 85.02 93.25 125.72 177.53 186.91 186.91 186.91
Nbr of stocks (in thousands) 1,794,412 1,690,109 1,641,312 1,611,036 1,589,309 1,565,000 - -
Announcement Date 1/19/22 1/17/23 1/16/24 1/16/25 1/15/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.55x6.4x - 2.3% 293B
12.76x10.01x - 2.09% 276B
10.76x - - 2.07% 203B
14.46x5.2x8.62x1.43% 154B
9.93x0.16x - 3.81% 54.82B
11.62x8.16x13.23x2.9% 54.23B
19.03x10.69x11.82x0.69% 42.97B
8.68x3.95x - 3.83% 40.1B
30.22x4.22x5.33x0.51% 37.27B
Average 14.67x 6.10x 9.75x 2.18% 128.38B
Weighted average by Cap. 13.56x 7.00x 9.54x 2.13%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Morgan Stanley

Historical PBR trend

Valuation ratios - PBR - Morgan Stanley

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Morgan Stanley

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Morgan Stanley


Year-on-year evolution of the Yield

Valuation ratios - Yield - Morgan Stanley