Valuation Morgan Stanley

Equities

Market Closed - Nyse Other stock markets 04:01:49 2025-11-17 pm EST			5-day change	1st Jan Change
159.45 ^USD	-2.69%		-3.39%	+26.83%

04:09pm	Sector Update: Financial Stocks Slide Late Afternoon	MT
03:54pm	Sector Update: Tech Stocks Fall Late Afternoon	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	123,984	176,139	143,693	153,052	202,539	260,424	-	-
Change	-	42.07%	-18.42%	6.51%	32.33%	28.58%	-	-
Enterprise Value (EV) ¹	309,590	366,069	339,995	340,207	407,574	488,981	488,981	488,981
Change	-	18.24%	-7.12%	0.06%	19.8%	19.97%	0%	0%
P/E ratio	10.6x	12.2x	13.8x	18x	15.8x	16.6x	15.6x	14x
PBR	1.34x	1.78x	1.56x	1.68x	2.13x	2.59x	2.43x	2.27x
PEG	-	0.5x	-0.6x	-1.1x	0.3x	0.7x	2.48x	1.3x
Capitalization / Revenue	2.57x	2.95x	2.68x	2.83x	3.28x	3.71x	3.53x	3.35x
EV / Revenue	6.42x	6.13x	6.34x	6.28x	6.6x	6.97x	6.63x	6.3x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	21.5x	18.6x	23.7x	27.6x	22.8x	23.2x	22.8x	21.2x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	1.4	2.45	3.025	3.25	3.625	3.862	4.207	4.68
Rate of return	2.04%	2.5%	3.56%	3.49%	2.88%	2.36%	2.57%	2.86%
EPS ²	6.46	8.03	6.15	5.18	7.95	9.897	10.52	11.7
Distribution rate	21.7%	30.5%	49.2%	62.7%	45.6%	39%	40%	40%
Net sales ¹	48,198	59,755	53,668	54,143	61,761	70,172	73,807	77,647
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	14,418	19,672	14,369	12,345	17,860	21,046	21,442	23,038
Net income ¹	10,500	14,566	10,540	8,530	12,800	15,786	16,546	17,781
Net Debt ¹	185,606	189,930	196,302	187,155	205,035	228,557	228,557	228,557
Reference price ²	68.53	98.16	85.02	93.25	125.72	163.86	163.86	163.86
Nbr of stocks (in thousands)	1,809,198	1,794,412	1,690,109	1,641,312	1,611,036	1,589,309	-	-
Announcement Date	1/20/21	1/19/22	1/17/23	1/16/24	1/16/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MORGAN STANLEY	16.56x	6.97x	-	2.36%	260B
THE GOLDMAN SACHS GROUP, INC.	16.26x	10.46x	-	1.77%	248B
CITIGROUP INC.	13.17x	-	-	2.32%	179B
CHARLES SCHWAB	20.4x	-	-	1.14%	168B
CITIC SECURITIES COMPANY LIMITED	14.77x	1.42x	-	2.39%	58.74B
RAYMOND JAMES FINANCIAL, INC.	15.99x	-	-	1.27%	31.44B
LPL FINANCIAL HOLDINGS INC.	31.59x	2.16x	14.29x	0.33%	29.66B
HUATAI SECURITIES CO., LTD.	12.2x	6.5x	-	2.47%	26.79B
CSC FINANCIAL CO., LTD.	10.32x	-	-	3.1%	25.25B
NOMURA HOLDINGS, INC.	9.54x	6.19x	-	4.2%	21.79B
Average	16.08x	5.62x	14.29x	2.13%	104.94B
Weighted average by Cap.	16.42x	7.54x	14.29x	1.99%