Valuation Morgan Stanley

Equities

Real-time Estimate Cboe BZX Other stock markets 01:32:31 11/04/2026 am IST			5-day change	1st Jan Change
179.58 ^USD	+0.79%		+6.60%	+0.01%

10:19pm	Blackstone Weighs $2 Billion IPO for Data Center Acquisition Company	MT
09:19pm	What the Trump tax breaks giveth, the gasoline pump taketh away	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,76,139	1,43,693	1,53,052	2,02,539	2,82,150	2,81,740	-	-
Change	-	-18.42%	6.51%	32.33%	39.31%	-0.15%	-	-
Enterprise Value (EV) ¹	3,66,069	3,39,995	3,40,207	4,07,574	2,82,150	5,23,442	5,23,442	5,23,442
Change	-	-7.12%	0.06%	19.8%	-30.77%	85.52%	0%	0%
P/E ratio	12.2x	13.8x	18x	15.8x	17.4x	15.6x	14.4x	13.4x
PBR	1.78x	1.56x	1.68x	2.13x	2.76x	2.59x	2.42x	2.3x
PEG	-	-0.6x	-1.1x	0.3x	0.6x	1.3x	1.68x	1.81x
Capitalization / Revenue	2.95x	2.68x	2.83x	3.28x	3.99x	3.69x	3.49x	3.39x
EV / Revenue	6.13x	6.34x	6.28x	6.6x	3.99x	6.85x	6.49x	6.29x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	18.6x	23.7x	27.6x	22.8x	12.7x	21.5x	20.8x	20.8x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	2.45	3.025	3.25	3.625	3.85	4.218	4.671	5.163
Rate of return	2.5%	3.56%	3.49%	2.88%	2.17%	2.37%	2.62%	2.9%
EPS ²	8.03	6.15	5.18	7.95	10.21	11.42	12.4	13.32
Distribution rate	30.5%	49.2%	62.7%	45.6%	37.7%	36.9%	37.7%	38.8%
Net sales ¹	59,755	53,668	54,143	61,761	70,645	76,428	80,677	83,190
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	19,672	14,369	12,345	17,860	22,303	24,368	25,190	25,131
Net income ¹	14,566	10,540	8,530	12,800	16,249	18,032	19,021	19,669
Net Debt ¹	1,89,930	1,96,302	1,87,155	2,05,035	-	2,41,702	2,41,702	2,41,702
Reference price ²	98.16	85.02	93.25	125.72	177.53	178.16	178.16	178.16
Nbr of stocks (in thousands)	17,94,412	16,90,109	16,41,312	16,11,036	15,89,309	15,81,387	-	-
Announcement Date	19/01/22	17/01/23	16/01/24	16/01/25	15/01/26	-	-	-

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	15.59x	6.85x	-	2.37%	28TCr
THE GOLDMAN SACHS GROUP, INC.	15.48x	10.38x	-	2.04%	28TCr
CITIGROUP INC.	12.09x	-	-	2.02%	21TCr
CHARLES SCHWAB	16.91x	5.7x	9.42x	1.23%	17TCr
CITIC SECURITIES COMPANY LIMITED	10.26x	1.65x	-	3.4%	5.14TCr
RAYMOND JAMES FINANCIAL, INC.	12.98x	-	-	1.58%	2.92TCr
LPL FINANCIAL HOLDINGS INC.	16.73x	1.5x	9.46x	0.42%	2.52TCr
NOMURA HOLDINGS, INC.	10.27x	7.38x	-	3.96%	2.4TCr
HUATAI SECURITIES CO., LTD.	8.72x	3.89x	-	3.41%	2.23TCr
YUANTA FINANCIAL HOLDING CO., LTD.	15.25x	5.48x	-	3.41%	2.01TCr
Average	13.43x	5.35x	9.44x	2.38%	11.14TCr
Weighted average by Cap.	14.54x	7.19x	9.43x	2.1%