Company Valuation: MSCI, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 50,514 37,194 44,738 47,024 43,110 41,856 - -
Change - -26.37% 20.28% 5.11% -8.32% -2.91% - -
Enterprise Value (EV) 1 53,254 40,713 48,784 51,125 48,797 47,689 47,511 47,269
Change - -23.55% 19.83% 4.8% -4.55% -2.27% -0.37% -0.51%
P/E 70.4x 43.4x 39.3x 42.7x 36.6x 29.1x 26.5x 23.3x
PBR -309x -36.9x -60.5x -49.6x -15.9x -15.7x -15.4x -15.3x
PEG - 1.9x 1.1x -18.07x 3.1x 1.1x 2.69x 1.7x
Capitalization / Revenue 24.7x 16.5x 17.7x 16.5x 13.8x 11.9x 11x 10.1x
EV / Revenue 26.1x 18.1x 19.3x 17.9x 15.6x 13.6x 12.4x 11.4x
EV / EBITDA 44.5x 30.6x 32x 29.8x 25.6x 22.1x 20x 18.2x
EV / EBIT 49.6x 33.7x 35.2x 33.4x 28.5x 24.3x 21.8x 19.7x
EV / FCF 60.3x 39.8x 42.6x 36.9x 33.5x 29.6x 26.7x 24.1x
FCF Yield 1.66% 2.51% 2.35% 2.71% 2.99% 3.38% 3.75% 4.14%
Dividend per Share 2 3.64 4.58 5.52 6.4 7.2 8.143 9.293 10.57
Rate of return 0.59% 0.98% 0.98% 1.07% 1.25% 1.41% 1.61% 1.84%
EPS 2 8.7 10.72 14.39 14.05 15.69 19.75 21.7 24.68
Distribution rate 41.8% 42.7% 38.4% 45.6% 45.9% 41.2% 42.8% 42.8%
Net sales 1 2,044 2,249 2,529 2,856 3,134 3,513 3,822 4,140
EBITDA 1 1,197 1,330 1,523 1,716 1,906 2,160 2,381 2,603
EBIT 1 1,073 1,208 1,385 1,529 1,714 1,962 2,182 2,401
Net income 1 726 870.6 1,149 1,109 1,202 1,431 1,547 1,725
Net Debt 1 2,740 3,518 4,046 4,101 5,687 5,832 5,655 5,412
Reference price 2 612.69 465.17 565.65 600.01 573.73 575.74 575.74 575.74
Nbr of stocks (in thousands) 82,447 79,958 79,091 78,371 75,140 72,700 - -
Announcement Date 1/27/22 1/31/23 1/30/24 1/29/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.15x13.58x22.07x1.41% 41.86B
25.86x9.29x17.6x0.95% 122B
24.79x5.58x13.95x2.6% 43.09B
26.3x3.77x11.94x1.27% 20.69B
13.15x3.06x9.21x3.92% 17.65B
25.82x5.27x13.35x2.77% 16.53B
18.85x3.82x10.83x0.63% 15.38B
17.46x4.24x11.35x1.71% 9.35B
41.69x - - 0.7% 3.47B
Average 24.79x 6.08x 13.79x 1.77% 32.26B
Weighted average by Cap. 24.98x 7.89x 15.97x 1.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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