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SPGI

S&P GlobalNYSE:SPGI Stock Report

Last Price

US$416.93

Market Cap

US$100.4b

7D

-3.6%

1Y

32.3%

Updated

23 Jan, 2022

Data

Company Financials +
SPGI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

SPGI Stock Overview

S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.

S&P Global Competitors

CME Group

NasdaqGS:CME

US$81.2b

Intercontinental Exchange

NYSE:ICE

US$70.8b

Moody's

NYSE:MCO

US$63.6b

Cboe Global Markets

BATS:CBOE

US$12.6b

Price History & Performance

Summary of all time highs, changes and price drops for S&P Global
Historical stock prices
Current Share PriceUS$416.93
52 Week HighUS$484.21
52 Week LowUS$303.50
Beta0.98
1 Month Change-11.99%
3 Month Change-6.80%
1 Year Change32.30%
3 Year Change120.24%
5 Year Change245.45%
Change since IPO5,650.76%

Recent News & Updates

Dec 17

S&P Global Is An Exceptional Growth Stock

SPGI has rallied 132% since my previous article, about three years ago. Nevertheless, the stock still has several growth drivers in place. Global debt has skyrocketed due to the unprecedented fiscal stimulus packages offered by governments in response to the pandemic. This is a major growth driver for SPGI.

Shareholder Returns

SPGIUS Capital MarketsUS Market
7D-3.6%-5.1%-6.1%
1Y32.3%23.4%4.2%

Return vs Industry: SPGI exceeded the US Capital Markets industry which returned 23.4% over the past year.

Return vs Market: SPGI exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is SPGI's price volatile compared to industry and market?
SPGI volatility
SPGI Average Weekly Movement3.3%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

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

Volatility Over Time: SPGI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
186023,000Doug Petersonhttps://www.spglobal.com

S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices). The Ratings segment offers credit ratings, research, and analytics to investors, corporations, governments, municipalities, commercial and investment banks, insurance companies, asset managers, and other debt issuers.

S&P Global Fundamentals Summary

How do S&P Global's earnings and revenue compare to its market cap?
SPGI fundamental statistics
Market CapUS$100.43b
Earnings (TTM)US$2.80b
Revenue (TTM)US$8.08b

35.8x

P/E Ratio

12.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPGI income statement (TTM)
RevenueUS$8.08b
Cost of RevenueUS$2.17b
Gross ProfitUS$5.91b
ExpensesUS$3.11b
EarningsUS$2.80b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)11.64
Gross Margin73.17%
Net Profit Margin34.71%
Debt/Equity Ratio83.9%

How did SPGI perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

26%

Payout Ratio

Valuation

Is S&P Global undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPGI ($416.93) is trading below our estimate of fair value ($905.99)

Significantly Below Fair Value: SPGI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SPGI is poor value based on its PE Ratio (35.8x) compared to the US Capital Markets industry average (14.4x).

PE vs Market: SPGI is poor value based on its PE Ratio (35.8x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: SPGI is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: SPGI is overvalued based on its PB Ratio (54.4x) compared to the US Capital Markets industry average (35.5x).


Future Growth

How is S&P Global forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPGI's forecast earnings growth (8% per year) is above the savings rate (2%).

Earnings vs Market: SPGI's earnings (8% per year) are forecast to grow slower than the US market (12.9% per year).

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

Revenue vs Market: SPGI's revenue (5.6% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: SPGI's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPGI's Return on Equity is forecast to be very high in 3 years time (483.3%).


Past Performance

How has S&P Global performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPGI has high quality earnings.

Growing Profit Margin: SPGI's current net profit margins (34.7%) are higher than last year (33.2%).


Past Earnings Growth Analysis

Earnings Trend: SPGI's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: SPGI's earnings growth over the past year (15.5%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: SPGI earnings growth over the past year (15.5%) underperformed the Capital Markets industry 84.5%.


Return on Equity

High ROE: SPGI's Return on Equity (59.4%) is considered outstanding.


Financial Health

How is S&P Global's financial position?


Financial Position Analysis

Short Term Liabilities: SPGI's short term assets ($7.6B) exceed its short term liabilities ($3.4B).

Long Term Liabilities: SPGI's short term assets ($7.6B) exceed its long term liabilities ($5.6B).


Debt to Equity History and Analysis

Debt Level: SPGI has more cash than its total debt.

Reducing Debt: SPGI's debt to equity ratio has reduced from 275.9% to 83.9% over the past 5 years.

Debt Coverage: SPGI's debt is well covered by operating cash flow (88.7%).

Interest Coverage: SPGI's interest payments on its debt are well covered by EBIT (34.7x coverage).


Balance Sheet


Dividend

What is S&P Global current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SPGI's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: SPGI's dividend (0.74%) is low compared to the top 25% of dividend payers in the US market (3.61%).


Stability and Growth of Payments

Stable Dividend: SPGI's dividends per share have been stable in the past 10 years.

Growing Dividend: SPGI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.6%), SPGI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SPGI's dividends in 3 years are forecast to be well covered by earnings (23.6% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Doug Peterson (63 yo)

8.17yrs

Tenure

US$15,077,269

Compensation

Mr. Douglas L. Peterson, also known as Doug, M.B.A., has been the Chief Executive Officer and President of S&P Global Inc. since November 1, 2013 and has been its Executive Director since July 11, 2013. Mr...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD15.08M) is above average for companies of similar size in the US market ($USD11.47M).

Compensation vs Earnings: Doug's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SPGI's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: SPGI's board of directors are considered experienced (7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

S&P Global Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: S&P Global Inc.
  • Ticker: SPGI
  • Exchange: NYSE
  • Founded: 1860
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Implied Market Cap: US$100.428b
  • Shares outstanding: 240.87m
  • Website: https://www.spglobal.com

Number of Employees


Location

  • S&P Global Inc.
  • 55 Water Street
  • New York
  • New York
  • 10041
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:24
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
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.