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 39,650 - -
Change - -26.37% 20.28% 5.11% -8.32% -8.03% - -
Enterprise Value (EV) 1 53,254 40,713 48,784 51,125 48,797 45,482 45,305 45,062
Change - -23.55% 19.83% 4.8% -4.55% -6.79% -0.39% -0.54%
P/E 70.4x 43.4x 39.3x 42.7x 36.6x 27.3x 25.1x 22.1x
PBR -309x -36.9x -60.5x -49.6x -15.9x -14.9x -14.6x -14.4x
PEG - 1.9x 1.1x -18.07x 3.1x 1x 2.89x 1.6x
Capitalization / Revenue 24.7x 16.5x 17.7x 16.5x 13.8x 11.3x 10.4x 9.59x
EV / Revenue 26.1x 18.1x 19.3x 17.9x 15.6x 12.9x 11.9x 10.9x
EV / EBITDA 44.5x 30.6x 32x 29.8x 25.6x 21x 19x 17.3x
EV / EBIT 49.6x 33.7x 35.2x 33.4x 28.5x 23.1x 20.8x 18.8x
EV / FCF 60.3x 39.8x 42.6x 36.9x 33.5x 28.3x 25.5x 23x
FCF Yield 1.66% 2.51% 2.35% 2.71% 2.99% 3.53% 3.93% 4.35%
Dividend per Share 2 3.64 4.58 5.52 6.4 7.2 8.225 9.293 10.57
Rate of return 0.59% 0.98% 0.98% 1.07% 1.25% 1.51% 1.7% 1.94%
EPS 2 8.7 10.72 14.39 14.05 15.69 19.96 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 3,516 3,823 4,134
EBITDA 1 1,197 1,330 1,523 1,716 1,906 2,166 2,380 2,599
EBIT 1 1,073 1,208 1,385 1,529 1,714 1,970 2,182 2,401
Net income 1 726 870.6 1,149 1,109 1,202 1,446 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 2 612.69 465.17 565.65 600.01 573.73 545.39 545.39 545.39
Nbr of stocks (in thousands) 82,447 79,958 79,091 78,371 75,140 72,700 - -
Announcement Date 27/01/22 31/01/23 30/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.47x8.88x16.82x0.99% 116B
27.96x10.13x19x0.92% 78.65B
24.04x5.47x13.72x2.63% 42.26B
26.98x12.8x20.77x1.53% 39.16B
18.02x3.75x10.38x2.35% 28.95B
17.51x2.64x10.87x2.68% 18.19B
13.07x3.02x9.05x3.99% 17.14B
20.72x4.86x12.17x3.2% 16.39B
20.52x3.13x9.89x1.63% 16.12B
Average 21.48x 6.08x 13.63x 2.21% 41.46B
Weighted average by Cap. 23.72x 7.77x 15.69x 1.67%

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