MSCI’s organic revenue grew 12% in the third quarter. Net new subscription sales (net bookings) were $55 million versus $39 million in the year-ago quarter. Shares rose 5% in intraday trading.
MSCI has been a big beneficiary of the shift to passive investments, and it will particularly benefit if non-US equity markets, which have underperformed the US market, rebound sharply.
With the rise of passive investing, MSCI's index revenue is now more closely linked to asset-based fees, which are more cyclical in nature.
|
Metric
|
MSCI
|
FDS
|
MCO
|
|---|---|---|---|
Price/Earnings (Normalized) | 33.31 | 19.95 | 29.63 |
Price/Book Value | — | 5.96 | 25.91 |
Price/Sales | 13.24 | 4.96 | 10.58 |
Price/Cash Flow | 26.96 | 14.73 | 26.17 |
|
Metric
|
MSCI
|
FDS
|
MCO
|
|---|---|---|---|
Quick Ratio | 0.71 | 0.52 | 1.12 |
Current Ratio | 0.82 | 0.60 | 1.29 |
Interest Coverage | 6.78 | 12.81 | 15.14 |
|
Metric
|
MSCI
|
FDS
|
MCO
|
|---|---|---|---|
Return on Assets (Normalized) | 26.79% | 15.65% | 19.55% |
Return on Equity (Normalized) | — | 31.35% | 85.30% |
Return on Invested Capital (Normalized) | 45.67% | 19.15% | 28.29% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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SPGI
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CME
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ICE
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| Moodys Corp
MCO
| LOCK|@hFP<R#M | LOCK|hxn | $85B | |||
| Nasdaq Inc
NDAQ
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COIN
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CBOE
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TRU
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| FactSet Research Systems Inc
FDS
| LOCK|VrhfT% | LOCK|@& | $12B |
United States