Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Morgan Stanley (MS)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$237.41 - $629.78$363.02
Multi-Stage$165.50 - $180.66$172.94
Blended Fair Value$267.98
Current Price$158.96
Upside68.58%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.50%21.11%3.843.613.382.611.711.641.491.301.090.91
YoY Growth--6.51%6.70%29.49%52.28%4.26%10.61%13.91%19.42%20.00%60.95%
Dividend Yield--3.29%3.85%3.85%2.99%2.21%4.83%3.41%2.42%2.55%3.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)16,178.00
(-) Cash Dividends Paid (M)6,490.00
(=) Cash Retained (M)9,688.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,235.602,022.251,213.35
Cash Retained (M)9,688.009,688.009,688.00
(-) Cash Required (M)-3,235.60-2,022.25-1,213.35
(=) Excess Retained (M)6,452.407,665.758,474.65
(/) Shares Outstanding (M)1,598.501,598.501,598.50
(=) Excess Retained per Share4.044.805.30
LTM Dividend per Share4.064.064.06
(+) Excess Retained per Share4.044.805.30
(=) Adjusted Dividend8.108.869.36
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.50%6.50%7.50%
Fair Value$237.41$363.02$629.78
Upside / Downside49.35%128.37%296.18%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16,178.0017,229.5718,349.4919,542.2120,812.4522,165.2622,830.22
Payout Ratio40.12%50.09%60.07%70.05%80.02%90.00%92.50%
Projected Dividends (M)6,490.008,630.8011,022.4913,688.6316,654.8019,948.7421,117.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)7,836.777,911.057,985.34
Year 2 PV (M)9,087.659,260.759,435.48
Year 3 PV (M)10,247.5110,541.6710,841.42
Year 4 PV (M)11,320.9711,756.3412,204.15
Year 5 PV (M)12,312.4812,907.1813,524.64
PV of Terminal Value (M)213,744.39224,068.32234,787.38
Equity Value (M)264,549.78276,445.33288,778.40
Shares Outstanding (M)1,598.501,598.501,598.50
Fair Value$165.50$172.94$180.66
Upside / Downside4.11%8.79%13.65%

High-Yield Dividend Screener

« Prev Page 11 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
3719.KLPanasonic Manufacturing Malaysia Berhad8.56%$0.6385.80%
GNG.AXGR Engineering Services Limited8.56%$0.3899.06%
078930.KSGS Holdings Corp.8.55%$4,726.0078.57%
2388.HKBOC Hong Kong (Holdings) Limited8.55%$3.4447.81%
CRTO.PACaisse Régionale de Crédit Agricole Mutuel de La Touraine et du Poitou Société Coopérative8.54%$9.4831.11%
MARK.JKPT Mark Dynamics Indonesia Tbk8.54%$70.0098.69%
TWEKA.ASTKH Group N.V.8.54%$3.1870.93%
0DTI.LBonheur ASA8.53%$23.2642.29%
1502.HKFinancial Street Property Co., Limited8.52%$0.1758.63%
FOYRK.ATFourlis Holdings S.A.8.52%$0.3765.80%
2491.TValueCommerce Co., Ltd.8.51%$56.6140.75%
6355.TSumitomo Precision Products Co., Ltd.8.51%$310.088.45%
DREIT.BKDusit Thani Freehold and Leasehold Real Estate Investment Trust8.50%$0.4298.66%
6862.HKHaidilao International Holding Ltd.8.49%$1.2276.09%
015890.KSTaekyung Industry.Co., Ltd.8.48%$416.7845.41%
3983.HKChina BlueChemical Ltd.8.48%$0.2140.13%
3292.TAEON REIT Investment Corporation8.45%$11,596.4988.85%
CIEL3.SACielo S.A.8.44%$0.4973.05%
ASGR.JKPT Astra Graphia Tbk8.43%$99.0056.73%
JWW.WAJWW Invest S.A.8.43%$0.2543.64%
3488.TCENTRAL REIT Investment Corporation8.42%$9,789.7772.08%
GUNKUL-R.BKGunkul Engineering Public Company Limited8.42%$0.1678.57%
1333.HKBreton Technology Co. Ltd.8.41%$2.3574.43%
DRM.TODream Unlimited Corp.8.41%$1.6484.81%
ALEXA.PAExacompta Clairefontaine S.A.8.40%$14.2037.48%
RANI3.SAIrani Papel e Embalagem S.A.8.40%$0.7343.32%
SPALI-R.BKSupalai Public Company Limited8.39%$1.4357.89%
5141.KLDayang Enterprise Holdings Bhd8.38%$0.1487.12%
600020.SSHenan Zhongyuan Expressway Company Limited8.37%$0.3678.65%
MASQ.AEMashreqbank PSC8.37%$21.4252.51%
PROX.BRProximus PLC8.37%$0.6033.92%
0R9T.LEquasens S.A.8.36%$3.7571.00%
6212.TWOLi Ming Development Construction Co., Ltd.8.34%$3.4547.85%
SNNP.BKSrinanaporn Marketing Public Company Limited8.33%$0.6192.23%
VLK.ASVan Lanschot Kempen N.V.8.32%$4.4268.64%
600894.SSGuangzhou Guangri Stock Co.,Ltd.8.31%$0.7798.07%
ORC-B.VOrca Energy Group Inc.8.31%$0.2935.79%
ADMF.JKPT Adira Dinamika Multi Finance Tbk8.30%$703.1157.11%
0QPJ.LCembra Money Bank AG8.29%$8.2371.08%
QDT.PAQuadient S.A.8.29%$1.2035.65%
VPK.ASKoninklijke Vopak N.V.8.29%$3.1639.83%
DP4B.DEA.P. Møller - Mærsk A/S8.27%$165.1637.01%
ECP.AXECP Emerging Growth Limited8.27%$0.0924.35%
PHOL.BKPhol Dhanya Public Company Limited8.27%$0.2371.53%
ASDM.JKPT Asuransi Dayin Mitra Tbk8.26%$50.0060.31%
000320.KSNOROO Holdings Co., Ltd.8.25%$1,700.3753.43%
IMCD.ASIMCD N.V.8.25%$6.4669.83%
NELY.JKPT Pelayaran Nelly Dwi Putri Tbk8.25%$38.3052.05%
WGB.AXWAM Global Limited8.25%$0.2014.48%
HM1.AXHearts and Minds Investments Limited8.24%$0.2643.45%