MSCI

MSCINYSE:MSCI Stock Report

Market Cap

US$52.9b

7D

-1.4%

1Y

86.0%

Updated

18 Sep, 2021

Data

Company Financials +
MSCI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health2/6
Dividends0/6

MSCI Overview

MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide.

Share Price & News

How has MSCI's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MSCI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MSCI's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

MSCI

-0.9%

US Capital Markets

-0.6%

US Market


1 Year Return

86.0%

MSCI

61.9%

US Capital Markets

33.8%

US Market

Return vs Industry: MSCI exceeded the US Capital Markets industry which returned 61.9% over the past year.

Return vs Market: MSCI exceeded the US Market which returned 33.8% over the past year.


Shareholder returns

MSCIIndustryMarket
7 Day-1.4%-0.9%-0.6%
30 Day5.2%2.3%2.0%
90 Day27.6%8.4%4.7%
1 Year87.3%86.0%65.2%61.9%35.8%33.8%
3 Year274.7%264.0%78.5%65.5%60.0%50.1%
5 Year683.3%642.7%174.6%141.7%123.0%98.7%

Long-Term Price Volatility Vs. Market

How volatile is MSCI's share price compared to the market and industry in the last 5 years?


Simply Wall St News

MSCI Fundamentals Summary

How do MSCI's earnings and revenue compare to its market cap?
MSCI fundamental statistics
Market CapUS$52.90b
Earnings (TTM)US$700.82m
Revenue (TTM)US$1.85b

75.5x

P/E Ratio

28.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MSCI income statement (TTM)
RevenueUS$1.85b
Cost of RevenueUS$319.75m
Gross ProfitUS$1.53b
ExpensesUS$825.04m
EarningsUS$700.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.46
Gross Margin82.68%
Net Profit Margin37.97%
Debt/Equity Ratio-1,077.6%

How did MSCI perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

37%

Payout Ratio

Valuation

Is MSCI undervalued compared to its fair value and its price relative to the market?

75.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MSCI ($641.66) is trading above our estimate of fair value ($341.54)

Significantly Below Fair Value: MSCI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MSCI is poor value based on its PE Ratio (75.5x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: MSCI is poor value based on its PE Ratio (75.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: MSCI is poor value based on its PEG Ratio (6.7x)


Price to Book Ratio

PB vs Industry: MSCI has negative assets, so we can't compare its PB Ratio to the US Capital Markets industry average.


Future Growth

How is MSCI forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSCI's forecast earnings growth (11.3% per year) is above the savings rate (2%).

Earnings vs Market: MSCI's earnings (11.3% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: MSCI's earnings are forecast to grow, but not significantly.

Revenue vs Market: MSCI's revenue (9.4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: MSCI's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MSCI's Return on Equity is forecast to be very high in 3 years time (257.7%).


Past Performance

How has MSCI performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSCI has high quality earnings.

Growing Profit Margin: MSCI's current net profit margins (38%) are higher than last year (32.1%).


Past Earnings Growth Analysis

Earnings Trend: MSCI's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: MSCI's earnings growth over the past year (34%) exceeds its 5-year average (20.4% per year).

Earnings vs Industry: MSCI earnings growth over the past year (34%) underperformed the Capital Markets industry 77.4%.


Return on Equity

High ROE: MSCI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is MSCI's financial position?


Financial Position Analysis

Short Term Liabilities: MSCI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MSCI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MSCI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MSCI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: MSCI's debt is well covered by operating cash flow (22.1%).

Interest Coverage: MSCI's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

What is MSCI current dividend yield, its reliability and sustainability?

0.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MSCI's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: MSCI's dividend (0.65%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: MSCI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MSCI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MSCI is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MSCI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Henry Fernandez (63 yo)

23.67yrs

Tenure

US$9,924,139

Compensation

Mr. Henry A. Fernandez serves as Independent Director at Royalty Pharma plc since July 30, 2020 and serves as Lead Independent Director since March 2021. He has been the Chairman of the Board at MSCI Inc....


CEO Compensation Analysis

Compensation vs Market: Henry's total compensation ($USD9.92M) is about average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Henry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MSCI's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: MSCI's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MSCI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MSCI Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MSCI Inc.
  • Ticker: MSCI
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: US$52.900b
  • Shares outstanding: 82.44m
  • Website: https://www.msci.com

Number of Employees


Location

  • MSCI Inc.
  • 7 World Trade Center
  • 49th Floor
  • New York
  • New York
  • 10007
  • United States

Listings


Biography

MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through Index, Analytics, and All...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:05
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.