MSCI Inc.

MSCI Inc.

MSCIยทNYSE

$613.58

-2.6%
Financial ServicesFinancial - Data & Stock Exchanges

MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct. The Analytics segment offers risk management, performance attribution and portfolio management content, application, and service that provides an integrated view of risk and return, and an analysis of market, credit, liquidity, and counterparty risk across asset classes; managed services, including consolidation of client portfolio data from various sources, review and reconciliation of input data and results, and customized reporting; and HedgePlatform to measure, evaluate, and monitor the risk of hedge fund investments. The ESG and Climate segment provides products and services that help institutional investors understand how ESG factors impact the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other Private Assets segment includes real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, and managers; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. It serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporates. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$44.67B
EPS15.5800
P/E Ratio39.38
Earnings Date07/21/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 39.4).

Valuation inputs: P/E 39.4, earnings yield +2.5%, momentum -2.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -45.3%, ROIC +35.6%).

Profitability stack: net margin +38.4%, ROE -45.3%, ROIC +35.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +146.6%, momentum -2.6%, net margin +38.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

msci

MSCI Inc. Market vs Earnings Trajectory

MSCI ยท NYSE

Loading price and EPS data...

MSCI Inc.

MSCI Inc. Fair Value Envelope

MSCI ยท NYSE

Our analysis suggests that MSCI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $613.58, this represents a potential HIDDEN relative to our calculated worth for MSCI Inc..

Intrinsic Value
Current Price: $613.58
3Y+45.0%
5Y+117.0%
10Y+473.0%
3Y+39.0%
5Y+85.0%
10Y+172.0%
3Y+38.0%
5Y+100.0%
10Y+361.0%
3Y+45.0%
5Y+96.0%
10Y+265.0%
3Y+52.0%
5Y+104.0%
10Y+295.0%
3Y+14.0%
5Y+36.0%
10Y+85.0%
MSCI Inc.

MSCI Inc. Profit Bridge

MSCI ยท NYSE
Revenue3.13B
Cost of Goods Sold (550.37M)
Gross Profit2.58B
Operating Expenses (870.53M)
Operating Income1.71B
Interest Expense (209.89M)
Other Income/Expense-219.31M
Pretax Income1.49B
Income Tax (291.95M)
Net Income1.20B
Net Income
1.20B

Profitability Analysis

Gross Margin

82.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

54.7%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

38.4%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

19.5%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

82.44%
Gross Profit Margin
1%
3Y+1.0%
5Y-
10Y+6.0%
54.67%
Operating Profit Margin
2%
3Y+2.0%
5Y+5.0%
10Y+29.0%
38.36%
Net Profit Margin
-1%
3Y-1.0%
5Y+8.0%
10Y+69.0%
-45.29%
Return on Equity
-62%
3Y-48.0%
5Y-67.0%
10Y-155.0%
21.08%
Return on Assets
4%
3Y+21.0%
5Y+47.0%
10Y+149.0%
35.60%
Return on Invested Capital
11%
3Y+33.0%
5Y+47.0%
10Y+175.0%
MSCI

MSCI Inc. Cash Conversion Engine

MSCI ยท NYSE
Net Income1.20B
Depreciation & Amortization218.57M
Stock-Based Compensation111.34M
Change in Working Capital-24.02M
Others33.58M
Capital Expenditures-39.32M
Free Cash Flow1.55B

Cash Flow Quality Analysis

FCF Conversion Rate

128.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

2.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+5.5%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

-$24.02M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

msci

MSCI Inc. Funding & Solvency Profile

MSCI ยท NYSE
Cash & Cash Equivalents385.30M
Net Receivables883.20M
Inventory0.00
Other Current Assets125.60M
Total Current Assets1 B
Property, Plant & Equipment234.10M
Goodwill & Intangible Assets3.81B
Long-Term Investments0.00
Other Non-Current Assets103.80M
Total Non-Current Assets338 M
Total Assets
5.55B

Financial Health Analysis

Current Ratio

0.86x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Working Capital

-219100000

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

25% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

msci

MSCI Inc. Street Expectations Map

MSCI ยท NYSE

Wall Street analysts project that MSCI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 688.00, with estimates ranging from a low of 638.00 to a high of 730.00.

Lowest Target
638.00
3.98%
Consensus Target
688.00
12.13%
Highest Target
730.00
18.97%

The consensus 1-year price target stands at 688.00, with estimates ranging from a low of 638.00 to a high of 730.00.

Analyst Consensus Analysis

Upside Potential

+12.1%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

13.4% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

msci

MSCI Inc. Insider Positioning

MSCI ยท NYSE

During the last 12 months, insiders have purchased $3.49M and sold $6.92M worth of MSCI shares, resulting in $3.43M of net selling activity.

3 Months

Bought

80

45.21K

Sold

10.4K

6.15M

Net Activity

-6.1M

-$6.10M

3-6 Months

Bought

3.9K

2.10M

Sold

450

247.50K

Net Activity

+1.9M

+$1.86M

6-9 Months

Bought

80

43.30K

Sold

624

348.45K

Net Activity

-305K

-$305K

9-12 Months

Bought

2.4K

1.30M

Sold

309

175.80K

Net Activity

+1.1M

+$1.12M

Top Buyers

1
ARG

Ashe Robert G.

Director

3.7K sharesโ€ข1 transactions

$2.00M

2
FHA

Fernandez Henry A

Director, Officer: Chairman And Ceo

2.8K sharesโ€ข5 transactions

$1.49M

Top Sellers

1
MAJ

Munari Alvise J.

Officer: Chief Product Officer

10.0K sharesโ€ข1 transactions

$5.90M

2
WAC

Wiechmann Andrew C.

Officer: Chief Financial Officer

900 sharesโ€ข2 transactions

$500K

3
GRJ

Gutowski Robert J.

Officer: General Counsel

624 sharesโ€ข1 transactions

$348K

4
PCB

Pettit Cd Baer

Director, Officer: President & Coo

309 sharesโ€ข1 transactions

$176K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Slightly bearish with $3.43M net selling. Selling modestly exceeds buying, which could be routine diversification rather than concern.

Buy/Sell Ratio

0.50:1

Moderately negative ratio. Selling is roughly double the buying, which may be routine or signal caution.

Recent Trend (3 Months)

$6.10M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

Moderate Selling

4 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

0.38%
Dividend Yield
25%
3Y+52.0%
5Y+100.0%
10Y+32.0%
ย 

msci Dividend History

MSCI
10Y CAGR +25%
Latest $2.05
Annual $9.5
5 year growth trend
Last Period: +0%