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S&P Global

NYSE:SPGI
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPGI
NYSE
$57B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The last earnings update was 47 days ago. More info.


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SPGI Share Price and Events
7 Day Returns
2.8%
NYSE:SPGI
-0.9%
US Capital Markets
1.2%
US Market
1 Year Returns
11.8%
NYSE:SPGI
-10.5%
US Capital Markets
2.3%
US Market
SPGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
S&P Global (SPGI) 2.8% 8.8% 9.9% 11.8% 115.2% 179.3%
US Capital Markets -0.9% -0.2% 1.7% -10.5% 53% 57.7%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • SPGI outperformed the Capital Markets industry which returned -10.5% over the past year.
  • SPGI outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
SPGI
Industry
5yr Volatility vs Market

SPGI Value

 Is S&P Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of S&P Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for S&P Global.

NYSE:SPGI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $4.56 * 252%
$11.50
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $4.56
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SPGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.698 (1 + (1- 21%) (7.74%))
0.826
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.826 * 5.96%)
7.65%

Discounted Cash Flow Calculation for NYSE:SPGI using Excess Returns Model Model

The calculations below outline how an intrinsic value for S&P Global is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:SPGI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (252% – 7.65%) * $4.56)
$11.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $11.15 / (7.65% - 2.73%)
$226.48
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $4.56 + $226.48
$231.05
NYSE:SPGI Discount to Share Price
Calculation Result
Value per share (USD) From above. $231.05
Current discount Discount to share price of $230.57
= -1 x ($230.57 - $231.05) / $231.05
0.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price S&P Global is available for.
Intrinsic value
0%
Share price is $230.57 vs Future cash flow value of $231.05
Current Discount Checks
For S&P Global to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • S&P Global's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • S&P Global's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for S&P Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are S&P Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SPGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $7.52
NYSE:SPGI Share Price ** NYSE (2019-06-19) in USD $230.57
United States of America Capital Markets Industry PE Ratio Median Figure of 90 Publicly-Listed Capital Markets Companies 36.56x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of S&P Global.

NYSE:SPGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SPGI Share Price ÷ EPS (both in USD)

= 230.57 ÷ 7.52

30.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S&P Global is good value based on earnings compared to the US Capital Markets industry average.
  • S&P Global is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does S&P Global's expected growth come at a high price?
Raw Data
NYSE:SPGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
8.6%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.06x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:SPGI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.65x ÷ 8.6%

3.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S&P Global is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on S&P Global's assets?
Raw Data
NYSE:SPGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.33
NYSE:SPGI Share Price * NYSE (2019-06-19) in USD $230.57
United States of America Capital Markets Industry PB Ratio Median Figure of 174 Publicly-Listed Capital Markets Companies 7.87x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NYSE:SPGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SPGI Share Price ÷ Book Value per Share (both in USD)

= 230.57 ÷ 1.33

173.53x

* Primary Listing of S&P Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • S&P Global is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess S&P Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. S&P Global has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SPGI Future Performance

 How is S&P Global expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is S&P Global expected to grow at an attractive rate?
  • S&P Global's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • S&P Global's earnings growth is positive but not above the United States of America market average.
  • S&P Global's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SPGI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SPGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 8.6%
NYSE:SPGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 5.7%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SPGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SPGI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,990 2,778 1
2022-12-31 7,612 2,616 1
2021-12-31 7,424 2,542 7
2020-12-31 6,944 2,655 2,309 16
2019-12-31 6,524 2,451 2,055 16
NYSE:SPGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 6,262 1,997 1,877
2018-12-31 6,258 2,064 1,958
2018-09-30 6,310 2,214 1,709
2018-06-30 6,277 2,245 1,628
2018-03-31 6,177 2,023 1,588
2017-12-31 6,063 2,016 1,496
2017-09-30 5,874 1,506 1,771
2017-06-30 5,800 1,594 2,249
2017-03-31 5,773 1,728 2,211
2016-12-31 5,661 1,560 2,106
2016-09-30 5,637 1,808 1,816
2016-06-30 5,521 1,732 1,177

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • S&P Global's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • S&P Global's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SPGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from S&P Global Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SPGI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 12.88 12.88 12.88 1.00
2022-12-31 11.69 11.69 11.69 1.00
2021-12-31 10.75 10.91 10.60 3.00
2020-12-31 9.55 9.88 8.92 9.00
2019-12-31 8.32 8.68 8.20 9.00
NYSE:SPGI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 7.52
2018-12-31 7.80
2018-09-30 6.78
2018-06-30 6.43
2018-03-31 6.23
2017-12-31 5.84
2017-09-30 6.88
2017-06-30 8.67
2017-03-31 8.47
2016-12-31 8.01
2016-09-30 6.85
2016-06-30 4.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • S&P Global is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess S&P Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
S&P Global has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SPGI Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare S&P Global's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • S&P Global has delivered over 20% year on year earnings growth in the past 5 years.
  • S&P Global's 1-year earnings growth is less than its 5-year average (18.2% vs 28.9%)
  • S&P Global's earnings growth has not exceeded the US Capital Markets industry average in the past year (18.2% vs 76.4%).
Earnings and Revenue History
S&P Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from S&P Global Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SPGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,262.00 1,877.00 1,488.00
2018-12-31 6,258.00 1,958.00 1,390.00
2018-09-30 6,310.00 1,709.00 1,456.00
2018-06-30 6,277.00 1,628.00 1,469.00
2018-03-31 6,177.00 1,588.00 1,476.00
2017-12-31 6,063.00 1,496.00 1,437.00
2017-09-30 5,874.00 1,771.00 1,452.00
2017-06-30 5,800.00 2,249.00 1,447.00
2017-03-31 5,773.00 2,211.00 1,430.00
2016-12-31 5,661.00 2,106.00 1,418.00
2016-09-30 5,637.00 1,816.00 1,404.00
2016-06-30 5,521.00 1,177.00 1,391.00
2016-03-31 5,381.00 1,147.00 1,390.00
2015-12-31 5,313.00 1,156.00 1,385.00
2015-09-30 5,228.00 -100.00 1,407.00
2015-06-30 5,168.00 -165.00 1,427.00
2015-03-31 5,128.00 -231.00 1,461.00
2014-12-31 5,051.00 -293.00 1,458.00
2014-09-30 4,967.00 882.00 1,431.00
2014-06-30 4,856.00 922.00 1,439.00
2014-03-31 4,717.00 871.00 1,397.00
2013-12-31 4,702.00 783.00 1,423.00
2013-09-30 4,722.00 807.00 1,487.00
2013-06-30 4,686.00 730.00 1,474.00
2013-03-31 4,596.00 671.00 1,479.00
2012-12-31 4,270.00 651.00 1,352.00
2012-09-30 2,452.00 395.00 736.00
2012-06-30 3,244.00 610.00 934.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst S&P Global made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • S&P Global used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • S&P Global has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess S&P Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
S&P Global has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SPGI Health

 How is S&P Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up S&P Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • S&P Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • S&P Global's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of S&P Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from S&P Global Company Filings, last reported 2 months ago.

NYSE:SPGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,035.00 4,390.00 1,403.00
2018-12-31 2,304.00 3,662.00 1,935.00
2018-09-30 2,443.00 3,661.00 2,158.00
2018-06-30 2,067.00 3,660.00 1,885.00
2018-03-31 1,418.00 3,570.00 1,756.00
2017-12-31 2,118.00 3,569.00 2,789.00
2017-09-30 2,054.00 3,568.00 2,312.00
2017-06-30 2,180.00 3,566.00 2,384.00
2017-03-31 1,924.00 3,565.00 2,411.00
2016-12-31 1,781.00 3,564.00 2,400.00
2016-09-30 1,431.00 3,963.00 2,399.00
2016-06-30 1,345.00 3,779.00 1,567.00
2016-03-31 1,190.00 3,941.00 1,600.00
2015-12-31 1,163.00 3,611.00 1,487.00
2015-09-30 1,514.00 3,489.00 1,441.00
2015-06-30 1,625.00 1,494.00 1,720.00
2015-03-31 1,399.00 1,164.00 1,176.00
2014-12-31 1,349.00 795.00 2,500.00
2014-09-30 2,400.00 799.00 1,918.00
2014-06-30 2,299.00 799.00 1,617.00
2014-03-31 2,217.00 799.00 1,531.00
2013-12-31 2,154.00 799.00 1,560.00
2013-09-30 1,825.00 799.00 1,577.00
2013-06-30 2,081.00 799.00 1,900.00
2013-03-31 1,892.00 799.00 1,905.00
2012-12-31 1,650.00 1,256.00 761.00
2012-09-30 2,672.00 1,199.00 1,245.00
2012-06-30 2,522.00 1,199.00 839.00
  • S&P Global's level of debt (180%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36% vs 180% today).
  • Debt is well covered by operating cash flow (54.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21x coverage).
X
Financial health checks
We assess S&P Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. S&P Global has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SPGI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.99%
Current annual income from S&P Global dividends. Estimated to be 1.03% next year.
If you bought $2,000 of S&P Global shares you are expected to receive $20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • S&P Global's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • S&P Global's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SPGI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SPGI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.55 5.00
2020-12-31 2.39 11.00
2019-12-31 2.26 11.00
NYSE:SPGI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-09 2.280 1.046
2019-05-03 2.280 1.056
2019-05-02 2.280 1.048
2019-02-13 2.280 1.099
2019-02-07 2.280 1.169
2018-10-29 2.000 1.123
2018-06-26 2.000 0.995
2018-05-01 2.000 0.996
2018-04-26 2.000 1.058
2018-02-09 2.000 1.052
2018-02-06 2.000 1.122
2017-11-02 1.640 0.967
2017-06-27 1.640 1.067
2017-04-26 1.640 1.162
2017-01-25 1.640 1.276
2016-10-27 1.440 1.236
2016-07-26 1.440 1.173
2016-04-27 1.440 1.324
2016-01-27 1.440 1.547
2015-10-22 1.320 1.413
2015-08-06 1.320 1.406
2015-04-29 1.320 1.271
2015-02-12 1.320 1.265
2014-10-23 1.200 1.324
2014-07-31 1.200 1.471
2014-04-30 1.200 1.481
2014-01-29 1.200 1.546
2013-10-24 1.120 1.511
2013-07-26 1.120 1.764
2013-05-01 1.120 2.024
2013-01-30 1.120 2.279
2012-10-31 1.020 1.895
2012-08-02 1.020 1.943
2012-04-25 1.020 2.249
2012-01-18 1.020 2.170
2011-10-31 1.000 2.299
2011-07-29 1.000 2.403
2011-04-27 1.000 2.399
2011-01-19 1.000 2.612
2010-10-29 0.940 2.575
2010-07-26 0.940 2.987
2010-04-28 0.940 3.190
2010-01-20 0.940 2.694
2009-10-28 0.900 2.810
2009-07-29 0.900 3.149

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of S&P Global's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
X
Income/ dividend checks
We assess S&P Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can S&P Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. S&P Global has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SPGI Management

 What is the CEO of S&P Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doug Peterson
COMPENSATION $12,360,845
AGE 59
TENURE AS CEO 5.6 years
CEO Bio

Mr. Douglas L. Peterson, also known as Doug, has been the Chief Executive Officer, President and Executive Director at S&P Global Inc. since November 1, 2013. Earlier, he served as an Executive Director since July 11, 2013. Mr. Peterson served as the President at S&P Global Ratings Inc. from joining in September 2011 to November 1, 2013. He served as the Chief Executive Officer at Citibank, N.A., Tokyo Branch from May 14, 2004 to January 2010. He served as the President at Citigroup Japan Holdings Corp. and served as its Chief Executive Officer until April 2009. He served as the Chief Operating Officer at Citibank, N.A. from January 2010 to September 2011. He served as the Chief Auditor at Citigroup from October 2000 to May 14, 2004. Mr. Peterson served at Citigroup for 26 years, during which time he transformed businesses and drove performance in investment and corporate banking, brokerage, asset management, private equity and retail banking. He joined Citibank in 1985 and served as a Relationship Manager for two years in the Corporate Bank with local energy companies. He then spent four years in New York as a Relationship Manager covering domestic and international airlines and aircraft manufacturers. In 1991, he served as the Country Corporate Officer, where he expanded the franchise by opening the first foreign-owned bank in Costa Rica. From 1995 to 1998, he was the Country Corporate Officer, where he managed the corporate bank and oversaw Citicorp's mutual fund. He also launched a private pension fund through a joint venture. He oversaw the merger of the audit functions of Citigroup's predecessor companies and then managed audit teams covering the Global Capital Markets, Latin America and Travelers insurance businesses. He joined Audit and Risk Review in 1998 as a Managing Director and served for two years. He has been the Non-Executive Chairman of S&P Dow Jones Indices LLC since July 17, 2014. He served as Non-Executive Chairman of CRISIL Limited from October 28, 2011 to October 17, 2017 and also served as its Non-Executive Director until October 17, 2017. He serves as a Director of Standard & Poor's International, LLC. He served on the board of Teaching Matters, Inc. He serves as Co-chairman of the World Economic Forum's Global Strategic Infrastructure Initiative and co-chairs the Bipartisan Policy Center’s CEO Council on Infrastructure. He serves on the Board of the Institute of International Finance’s Market Monitoring Group, the US-China Business Council, the Boards of Advisors of Wharton Financial Institutions Center, the Partnership for New York City, Inc. and the Kravis Leadership Institute and the Boards of Trustees of Claremont McKenna College and the Paul Taylor Dance Company. He served as the Chairman of Nikko Cordial Corp since July 2007. He served as an Independent Director of the firm since July 2007. He served as a Co-Chairman of Citigroup Japan Holdings Corp. He served as Representative Director of the firm. He served as the Chairman of Citibank, N.A., Tokyo Branch from May 14, 2004 to January 2010. He served as a Director of the firm until January 2010. He served on the boards of the American Chambers of Commerce (in Costa Rica, Uruguay and Japan), the Uruguayan American School and the International Bankers Association of Japan. He graduated from Claremont McKenna College in 1980 with a B.A. in Mathematics and History. Mr. Peterson received an M.B.A. from the Wharton School of the University of Pennsylvania in 1985, where he concentrated in International Finance.

CEO Compensation
  • Doug's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Doug's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the S&P Global management team in years:

1.4
Average Tenure
51
Average Age
  • The average tenure for the S&P Global management team is less than 2 years, this suggests a new team.
Management Team

Doug Peterson

TITLE
President
COMPENSATION
$12M
AGE
59
TENURE
5.6 yrs

John Berisford

TITLE
President of S&P Global Ratings Inc
COMPENSATION
$3M
AGE
54

Alex Matturri

TITLE
Chief Executive Officer of S&P Dow Jones Indices LLC
COMPENSATION
$3M
AGE
59

Ewout Steenbergen

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
49
TENURE
2.6 yrs

Martina Cheung

TITLE
President of S&P Global Market Intelligence
AGE
42

Martin Fraenkel

TITLE
President of S&P Global Platts Inc
AGE
57

Chris Craig

TITLE
Senior VP
AGE
44
TENURE
0.8 yrs

Nick Cafferillo

TITLE
Chief Data & Technology Officer
AGE
46
TENURE
1.4 yrs

Sitarama Kocherlakota

TITLE
Chief Information Officer
AGE
51
TENURE
1.4 yrs

Chip Merritt

TITLE
Senior Vice President of Investor Relations
Board of Directors Tenure

Average tenure and age of the S&P Global board of directors in years:

5.3
Average Tenure
65
Average Age
  • The tenure for the S&P Global board of directors is about average.
Board of Directors

Ed Haldeman

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$400K
AGE
70
TENURE
4.2 yrs

Doug Peterson

TITLE
President
COMPENSATION
$12M
AGE
59
TENURE
5.9 yrs

Terry McGraw

TITLE
Chairman Emeritus
COMPENSATION
$364K
AGE
70
TENURE
4.2 yrs

Ed Rust

TITLE
Director
COMPENSATION
$273K
AGE
68
TENURE
18.4 yrs

Bill Green

TITLE
Director
COMPENSATION
$268K
AGE
64
TENURE
8.4 yrs

Dick Thornburgh

TITLE
Director
COMPENSATION
$268K
AGE
66
TENURE
7.5 yrs

Maria Morris

TITLE
Director
COMPENSATION
$259K
AGE
55
TENURE
2.7 yrs

Kurt Schmoke

TITLE
Director
COMPENSATION
$249K
AGE
69
TENURE
16.3 yrs

Rebecca Jacoby

TITLE
Director
COMPENSATION
$247K
AGE
56
TENURE
4.7 yrs

Monique Leroux

TITLE
Director
COMPENSATION
$255K
AGE
64
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • S&P Global insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. May 19 Sell Courtney Geduldig Individual 07. May 19 07. May 19 -4,105 $217.57 $-893,125
09. May 19 Sell Nancy Luquette Individual 07. May 19 07. May 19 -2,200 $216.85 $-477,068
06. Mar 19 Sell John Berisford Individual 01. Mar 19 01. Mar 19 -9,669 $202.79 $-1,955,263
06. Nov 18 Sell Nancy Luquette Individual 05. Nov 18 05. Nov 18 -225 $183.51 $-41,290
24. Aug 18 Sell Nancy Luquette Individual 22. Aug 18 22. Aug 18 -350 $203.35 $-71,173
X
Management checks
We assess S&P Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. S&P Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SPGI News

Simply Wall St News

Have Investors Priced In S&P Global Inc's (NYSE:SPGI) Growth?

Looking at S&P Global Inc’s (NYSE:SPGI) fundamentals some investors are wondering if its last closing price of $203.07 represents a good value for money for this high growth stock. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … According to the analysts covering the company, the following few years should bring about good growth prospects for S&P Global

Simply Wall St -

Does S&P Global Inc's (NYSE:SPGI) CEO Pay Compare Well With Peers?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

Does S&P Global Inc's (NYSE:SPGI) PE Ratio Warrant A Sell?

This analysis is intended to introduce important early concepts to people who are starting to invest. … While SPGI might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Is There Now An Opportunity In S&P Global Inc (NYSE:SPGI)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $208.68 at one point, and dropping to the lows of $186.49. … A question to answer is whether S&P Global's current trading price of $201.83 reflective of the actual value of the? … Let’s take a look at S&P Global’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

S&P Global Inc (NYSE:SPGI): Should The Recent Earnings Drop Worry You?

Below, I will assess SPGI's recent performance announced on 31 March 2018 and compare these figures to its historical trend and industry movements. … How Did SPGI's Recent Performance Stack Up Against Its Past. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 18.92%, indicating the rate at which SPGI is growing has slowed down

Simply Wall St -

At $197.92, Is S&P Global Inc (NYSE:SPGI) A Buy?

It’s trading around 3.56% below my intrinsic value, which means if you buy S&P Global today, you’d be paying a fair price for it. … SPGI’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Is It Time To Sell S&P Global Inc (NYSE:SPGI) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SPGI Price per share = $189.58 Earnings per share = $5.837 ∴ Price-Earnings Ratio = $189.58 ÷ $5.837 = 32.5x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with SPGI, then investors would naturally value SPGI at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with SPGI, investors would also value SPGI at a higher price since it is a higher growth investment.

Simply Wall St -

S&P Global Inc (NYSE:SPGI): Are Analysts Bullish?

Below, I've laid out key numbers on how market analysts predict S&P Global's earnings growth trajectory over the next few years and whether the future looks brighter. … This growth seems to continue into the following year with rates reaching double digit 49.73% compared to today’s earnings, and finally hitting US$2.46B by 2021. … NYSE:SPGI Future Profit Mar 20th 18 While it’s helpful to be aware of the growth rate each year relative to today’s value, it may be more beneficial evaluating the rate at which the earnings are rising or falling every year, on average.

Simply Wall St -

Is S&P Global Inc (NYSE:SPGI) Undervalued After Accounting For Its Future Growth?

S&P Global Inc (NYSE:SPGI) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $190.99 is based on unrealistic expectations. … But, to properly examine the value of a high-growth stock such as S&P Global, we must reflect its earnings growth into the valuation. … A PE ratio of 32.72x and expected year-on-year earnings growth of 11.70% give S&P Global a quite high PEG ratio of 2.8x.

Simply Wall St -

What Should You Know About S&P Global Inc's (NYSE:SPGI) Growth?

Looking at S&P Global Inc's (NYSE:SPGI) earnings update in December 2017, analysts seem cautiously optimistic, with earnings expected to grow by 38.84% in the upcoming year compared with the past 5-year average growth rate of 17.59%. … Currently with earnings of $1,496.0M, we can expect this to reach $2,077.1M by 2019. … NYSE:SPGI Future Profit Feb 19th 18 From the current net income level of $1,496.0M and the final forecast of $2,464.6M by 2021, the annual rate of growth for SPGI’s earnings is 11.76%.

Simply Wall St -

SPGI Company Info

Description

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. The Market Intelligence segment provides multi-asset-class data, research, and analytical capabilities, which integrate cross-asset analytics and desktop services to investment managers, investment banks, private equity firms, insurance companies, commercial banks, corporations, professional services firms, government agencies, and regulators. The Platts segment offers essential price data, analytics, and industry insights for the commodity and energy markets. It serves producers, traders, and intermediaries within the energy, petrochemicals, metals, and agriculture markets. The Indices segment provides index that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The company also offers analytics, artificial intelligence, machine learning, and data visualization systems to Wall Street's premier global banks and investment institutions, as well as the National Security community. The company was formerly known as McGraw Hill Financial, Inc. and changed its name to S&P Global Inc. in April 2016. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

Details
Name: S&P Global Inc.
SPGI
Exchange: NYSE
Founded: 1860
$56,738,961,421
246,081,283
Website: http://www.spglobal.com
Address: S&P Global Inc.
55 Water Street,
New York,
New York, 10041,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SPGI Common Stock New York Stock Exchange US USD 02. Jan 1968
DB MHL Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0KYY Common Stock London Stock Exchange GB USD 02. Jan 1968
BMV SPGI * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA SPGI34 BDR EACH 1 REP 0.25 COM USD1 Bolsa de Valores de Sao Paulo BR BRL 20. May 2019
Number of employees
Current staff
Staff numbers
21,200
S&P Global employees.
Industry
Financial Exchanges and Data
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:42
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.