Company Valuation: Morgan Stanley

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,139 143,693 153,052 202,539 282,150 290,667 - -
Change - -18.42% 6.51% 32.33% 39.31% 3.02% - -
Enterprise Value (EV) 1 366,069 339,995 340,207 407,574 540,993 524,958 524,958 524,958
Change - -7.12% 0.06% 19.8% 32.73% -2.96% 0% 0%
P/E 12.2x 13.8x 18x 15.8x 17.4x 14.4x 13.6x 13x
PBR 1.78x 1.56x 1.68x 2.13x 2.76x 2.69x 2.46x 2.28x
PEG - -0.6x -1.1x 0.3x 0.6x 0.5x 2.24x 2.99x
Capitalization / Revenue 2.95x 2.68x 2.83x 3.28x 3.99x 3.52x 3.35x 3.21x
EV / Revenue 6.13x 6.34x 6.28x 6.6x 7.66x 6.37x 6.06x 5.8x
EV / EBITDA - - - - - - - -
EV / EBIT 18.6x 23.7x 27.6x 22.8x 24.3x 19.2x 19.3x 19.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.45 3.025 3.25 3.625 3.85 4.305 4.77 5.16
Rate of return 2.5% 3.56% 3.49% 2.88% 2.17% 2.32% 2.57% 2.78%
EPS 2 8.03 6.15 5.18 7.95 10.21 12.91 13.69 14.29
Distribution rate 30.5% 49.2% 62.7% 45.6% 37.7% 33.3% 34.8% 36.1%
Net sales 1 59,755 53,668 54,143 61,761 70,645 82,466 86,641 90,500
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 20,164 20,992 21,836
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 93.25 125.72 177.53 185.73 185.73 185.73
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.($)
14.39x6.37x - 2.32% 291B
12.58x9.93x - 2.12% 272B
10.8x - - 2.06% 204B
14.35x5.17x8.56x1.44% 153B
10.18x1.61x - 3.55% 56.06B
9.94x7.18x11.63x3.39% 45.59B
19.66x11.14x12.35x0.67% 44.51B
9.24x6.68x - 3.59% 40.35B
27.45x3.8x4.8x0.57% 33.9B
Average 14.29x 6.48x 9.33x 2.19% 126.71B
Weighted average by Cap. 13.34x 7.11x 9.21x 2.14%

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