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 46,583 - -
Change - -26.37% 20.28% 5.11% -8.32% 8.06% - -
Enterprise Value (EV) 1 53,254 40,713 48,784 51,125 48,797 52,969 52,813 52,604
Change - -23.55% 19.83% 4.8% -4.55% 8.55% -0.29% -0.4%
P/E 70.4x 43.4x 39.3x 42.7x 36.6x 32.8x 30.2x 26.5x
PBR -309x -36.9x -60.5x -49.6x -15.9x -15.5x -15.2x -15.1x
PEG - 1.9x 1.1x -18.07x 3.1x 1.2x 3.49x 1.9x
Capitalization / Revenue 24.7x 16.5x 17.7x 16.5x 13.8x 13.2x 12.1x 11.1x
EV / Revenue 26.1x 18.1x 19.3x 17.9x 15.6x 15x 13.7x 12.6x
EV / EBITDA 44.5x 30.6x 32x 29.8x 25.6x 24.5x 22.2x 20.2x
EV / EBIT 49.6x 33.7x 35.2x 33.4x 28.5x 27x 24.3x 22x
EV / FCF 60.3x 39.8x 42.6x 36.9x 33.5x 34.7x 30.1x 26.9x
FCF Yield 1.66% 2.51% 2.35% 2.71% 2.99% 2.88% 3.32% 3.72%
Dividend per Share 2 3.64 4.58 5.52 6.4 7.2 8.068 9.251 10.57
Rate of return 0.59% 0.98% 0.98% 1.07% 1.25% 1.24% 1.42% 1.62%
EPS 2 8.7 10.72 14.39 14.05 15.69 19.83 21.55 24.6
Distribution rate 41.8% 42.7% 38.4% 45.6% 45.9% 40.7% 42.9% 43%
Net sales 1 2,044 2,249 2,529 2,856 3,134 3,526 3,846 4,178
EBITDA 1 1,197 1,330 1,523 1,716 1,906 2,161 2,379 2,610
EBIT 1 1,073 1,208 1,385 1,529 1,714 1,960 2,173 2,392
Net income 1 726 870.6 1,149 1,109 1,202 1,455 1,525 1,703
Net Debt 1 2,740 3,518 4,046 4,101 5,687 6,386 6,230 6,021
Reference price 2 612.69 465.17 565.65 600.01 573.73 651.51 651.51 651.51
Nbr of stocks (in thousands) 82,447 79,958 79,091 78,371 75,140 71,500 - -
Announcement Date 1/27/22 A 1/31/23 A 1/30/24 A 1/29/25 A 1/28/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.85x15.02x24.52x1.24% 46.58B
28.44x10.12x18.93x0.84% 136B
31.06x11.27x21.25x0.82% 87.34B
28.9x6.37x16.36x2.35% 47.32B
21.67x4.35x12.04x1.96% 34.38B
28.64x4x12.53x1.2% 21.86B
16.99x3.79x11.34x3.02% 22.06B
21.12x3.09x12.84x2.24% 21.66B
21.19x4.99x12.39x3.16% 17.26B
18.69x3.89x11.05x0.64% 15.44B
Average 24.96x 6.69x 15.32x 1.75% 45B
Weighted average by Cap. 27.42x 8.66x 17.66x 1.4%

Y-o-Y evolution of P/E

Valuation ratios - P/E - MSCI, Inc.

Historical PBR trend

Valuation ratios - PBR - MSCI, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - MSCI, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - MSCI, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - MSCI, Inc.
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