Msci Inc.

Consumer Discretionary
Business Services
www.msci.com

Earnings Score
Safety Score

Market Cap $48.37B
Debt $4.51B
Cash $500.98M
EV $52.38B
FCF $1.44B

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$1.21B
EBIT	$1.49B
ROA	28%
FCF	$1.44B
Equity	-$751.00M
Growth Stability	100%
PE	40.07
PEG	2
PB	-64.41
P/FCF	33.67
P/S	17.26
Price/Cash	0.01
Debt/Equity	-6.01
Debt/FCF	3.14
Net Margins	38%
Gross Margins	82%
Op. Margins	53%
Earnings CAGR	21%
Sales Growth YoY	16%
Sales Growth QoQ	2%
Sales CAGR	12%
FCF CAGR	20%
Equity CAGR	-1%
Earnings Stability	0.97
Earnings Growth YoY	8%

Earnings Growth QoQ	5%
Earnings CAGR 5Y	20%
Sales CAGR 5Y	13%
FCF CAGR 5Y	15%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	16%
Market Cap	$48.37B
Revenue	$2.80B
Dividend Yield	1%
Payout Ratio	41%
Assets	$5.41B
Total Debt	$4.51B
Cash	$500.98M
Shares Outstanding	78.37M
EV	52.38B
Earnings Score	95%
Safety Score	66%
Working Capital	-92.12M
Current Ratio	0.93
Gross Profit	$2.30B
Shares Growth 3y	-1%
Equity Growth QoQ	2%
Equity Growth YoY	-28%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In the private assets side, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.

SEC Filings

Direct access to Msci Inc. (MSCI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Msci Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Msci Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 21%

Stability 97%

loading chart...

Msci Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Msci Inc..

Years

Calculation mode

= $59B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.4B	$1.7B	$2.1B	$2.5B	$3B	$3.6B	$4.3B	$5.2B	$6.2B	$7.5B	$9B	$90B
DCF		$1.6B	$1.7B	$1.9B	$2B	$2.2B	$2.4B	$2.7B	$2.9B	$3.2B	$3.5B	$35B
Value	$59B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	28%	21%	23%	24%	35%	36%	35%	36%	39%	45%	38%
ROA	-	13%	16%	18%	20%	18%	21%	19%	24%	25%	28%
ROE	-	25%	82%	76%	-305%	-735%	-136%	-444%	-86%	-155%	-

Good Net Margins (38.04%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.95	5.16	5.6	4.42	4.51	4.27	4.51	4.21	3.75	3.14
Debt over Equity	0.56	1.75	6.53	5.18	-15.47	-40.04	-7.6	-25.46	-4.52	-6.15	-6.01
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (3.14)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (-6.01)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	8%	7%	11%	13%	9%	9%	21%	10%	12%	13%
Earnings YoY growth	-	-21%	17%	17%	67%	11%	7%	21%	20%	32%	20%
Equity YoY growth	-	-37%	-65%	26%	-142%	-54%	478%	-63%	517%	-27%	-
FCF YoY growth	-	1%	52%	-8%	57%	17%	16%	17%	17%	12%	15%