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 40,942 - -
Change - -26.37% 20.28% 5.11% -8.32% -5.03% - -
Enterprise Value (EV) 1 53,254 40,713 48,784 51,125 48,797 46,775 46,597 46,355
Change - -23.55% 19.83% 4.8% -4.55% -4.14% -0.38% -0.52%
P/E 70.4x 43.4x 39.3x 42.7x 36.6x 28.5x 26x 22.8x
PBR -309x -36.9x -60.5x -49.6x -15.9x -15.3x -15.1x -14.9x
PEG - 1.9x 1.1x -18.07x 3.1x 1.1x 2.64x 1.7x
Capitalization / Revenue 24.7x 16.5x 17.7x 16.5x 13.8x 11.7x 10.7x 9.9x
EV / Revenue 26.1x 18.1x 19.3x 17.9x 15.6x 13.3x 12.2x 11.2x
EV / EBITDA 44.5x 30.6x 32x 29.8x 25.6x 21.7x 19.6x 17.8x
EV / EBIT 49.6x 33.7x 35.2x 33.4x 28.5x 23.8x 21.4x 19.3x
EV / FCF 60.3x 39.8x 42.6x 36.9x 33.5x 29.1x 26.2x 23.7x
FCF Yield 1.66% 2.51% 2.35% 2.71% 2.99% 3.44% 3.82% 4.23%
Dividend per Share 2 3.64 4.58 5.52 6.4 7.2 8.143 9.293 10.57
Rate of return 0.59% 0.98% 0.98% 1.07% 1.25% 1.45% 1.65% 1.88%
EPS 2 8.7 10.72 14.39 14.05 15.69 19.75 21.7 24.68
Distribution rate 41.8% 42.7% 38.4% 45.6% 45.9% 41.2% 42.8% 42.8%
Net sales 1 2,044 2,249 2,529 2,856 3,134 3,513 3,822 4,135
EBITDA 1 1,197 1,330 1,523 1,716 1,906 2,160 2,381 2,600
EBIT 1 1,073 1,208 1,385 1,529 1,714 1,962 2,182 2,401
Net income 1 726 870.6 1,149 1,109 1,202 1,431 1,547 1,725
Net Debt 1 2,740 3,518 4,046 4,101 5,687 5,832 5,655 5,412
Reference price 2 612.69 465.17 565.65 600.01 573.73 563.17 563.17 563.17
Nbr of stocks (in thousands) 82,447 79,958 79,091 78,371 75,140 72,700 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.51x13.32x21.65x1.45% 40.94B
25.44x9.16x17.34x0.96% 120B
25.15x5.71x14.26x2.52% 44.15B
27.26x3.89x12.29x1.22% 21.45B
13.56x3.09x9.29x3.85% 18.06B
27.4x5.58x14.14x2.61% 17.53B
18.8x3.81x10.8x0.64% 15.33B
18.95x4.56x12.22x1.58% 10.16B
48.7x - - 0.6% 4.06B
Average 25.97x 6.14x 14.00x 1.71% 32.44B
Weighted average by Cap. 25.09x 7.78x 15.88x 1.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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