Morgan Stanley

Chart & Performance

D1W1MN

Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides sales and trading services, such as sales, financing, prime brokerage, and market-making services in equity and fixed income products consisting of foreign exchange and commodities; corporate and commercial real estate loans, which provides secured lending facilities and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, liquidity, and alternative/other products to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, and third-party fund sponsors and corporations through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

URL

https://www.morganstanley.com/

IPO date

Mar 21, 1986

Employees

82,000

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	53,611,000 6.77%	50,210,000 -11.00%	56,414,000 24.62%
Cost of revenue	25,103,000	3,975,000	3,576,000
Unusual Expense (Income)
NOPBT	28,508,000	46,235,000	52,838,000
NOPBT Margin	53.18%	92.08%	93.66%
Operating Taxes	2,583,000	2,910,000	4,548,000
Tax Rate	9.06%	6.29%	8.61%
NOPAT	25,925,000	43,325,000	48,290,000
Net income	9,087,000 -17.61%	11,029,000 -26.64%	15,034,000 36.72%
Dividends	(5,763,000)	(5,401,000)	(4,171,000)
Dividend yield	3.75%	3.71%	2.34%
Proceeds from repurchase of equity	(6,178,000)	(9,877,000)	116,370,000
BB yield	4.03%	6.78%	-65.35%
Debt
Debt current	8,920,000	5,135,000	10,337,000
Long-term debt	271,971,000	245,112,000	237,102,000
Deferred revenue		(2,826,000)	229,498,000
Other long-term liabilities	826,244,000	(19,812,000)	(232,831,000)
Net debt	(167,557,000)	(215,477,000)	(316,022,000)
Cash flow
Cash from operating activities	(33,536,000)	(6,397,000)	33,971,000
CAPEX	(3,412,000)	(3,078,000)	(2,308,000)
Cash from investing activities	(3,084,000)	(11,632,000)	(49,897,000)
Cash from financing activities	(2,726,000)	22,714,000	41,547,000
FCF	17,776,000	144,557,000	53,821,000
Balance
Cash	89,232,000	128,843,000	189,668,000
Long term investments	359,216,000	336,881,000	373,793,000
Excess cash	445,767,450	463,213,500	560,640,300
Stockholders' equity	101,289,000	98,469,000	95,257,000
Invested Capital	1,101,324,000	1,084,071,000	1,099,887,000
ROIC	2.37%	3.97%	4.51%
ROCE	2.37%	3.90%	4.41%
EV
Common stock shares outstanding	1,646,000	1,713,000	1,814,000
Price	93.25 9.68%	85.02 -13.39%	98.16 43.24%
Market cap	153,489,500 5.39%	145,639,260 -18.21%	178,062,240 59.99%
EV	(4,373,500)	(59,997,740)	(129,052,760)
EBITDA	32,764,000	50,233,000	57,054,000
EV/EBITDA
Interest	42,051,000	12,268,000	1,366,000
Interest/NOPBT	147.51%	26.53%	2.59%