S&P Global Inc
Exchange: NYSESector: Financial ServicesIndustry: Financial Data & Stock Exchanges
S&P Global enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape. From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow — today.
Did you know?
Capital expenditures increased by 57% from FY24 to FY25.
Current Price
$426.06
-1.20%GoodMoat Value
$439.51
3.2% undervaluedProfile
Valuation (TTM)
Market Cap$127.31B
P/E26.65
EV$141.30B
P/B4.09
Shares Out298.80M
P/Sales8.09
Revenue$15.73B
EV/EBITDA17.94
S&P Global Inc (SPGI) Stock Analysis
GoodMoat Analysis
S&P Global possesses a wide and durable competitive moat, scoring high on multiple criteria, and demonstrates strong financial quality. However, its current valuation appears full, offering only a marginal margin of safety according to the GoodMoat framework, placing it in the 'with caution' category.
Read full analysis
S&P Global is a leading provider of financial market intelligence, including its iconic credit ratings, market indices like the S&P 500, and essential data and analytics. Its business model is underpinned by a formidable competitive moat. Applying the GoodMoat framework, it scores highly on switching costs (its ratings and data are deeply embedded and mission-critical for global finance), proprietary data (owning vast, historical financial datasets), regulatory barriers (its credit rating agency status is a licensed oligopoly), and brand & culture (the S&P 500 is a cultural and financial benchmark). This suggests a durable, high-quality business. Financially, it shows strength with a high operating margin of 40.3% and a solid ROE of 14.4%, though its 9.0% YoY revenue growth is moderate. The primary consideration for a value investor is valuation. The stock trades at a P/E of 27.6x and, with a GoodMoat Target of $439.51, offers a potential upside of only about 7.6% from the current $408.48 price. This translates to a margin of safety well below the 20% threshold required for a 'favourable' rating in the Decision Framework, landing it in the 'marginal' (10-20%) or lower band. Therefore, while the company's moat and quality are compelling, the price does not provide a significant discount to estimated fair value, warranting further investigation only with caution and perhaps a preference for a more attractive entry point. Analysis based on data as of 2024-05-15.
Market Cap$127.31B
Current Price$426.06
P/E Ratio26.65
Forward P/E—
PEG Ratio0.83
EPS$14.66
Book Value$104.17
P/B Ratio4.09
SPGI Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 12.7% FCF growth (CAGR)
Cash vs Debt
Net Debt: 11.8B
Revenue
6.7B
FY19
7.4B
FY20
8.3B
FY21
11.2B
FY22
12.5B
FY23
14.2B
FY24
15.3B
FY25
Net Income
2.1B
FY19
2.3B
FY20
3.0B
FY21
3.2B
FY22
2.6B
FY23
3.9B
FY24
4.5B
FY25
SPGI 52-Week Range
$389.87
$560.80
50-Day MA: $430.23200-Day MA: $488.46
Did you know?
Net income compounded at 13.2% annually over 6 years.
S&P Global Inc (SPGI) Financial Summary
S&P Global Inc (SPGI) is a Financial Services company in the Financial Data & Stock Exchanges industry, listed on NYSE. The stock currently trades at $426.06 with a market capitalization of $127.31B.
Key valuation metrics include a P/E ratio of 26.65, price-to-book ratio of 4.09, and EPS of $14.66. The company reports a profit margin of 30.4% and return on equity of 15.3%.
SPGI Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $127.31B |
| P/E Ratio | 26.65 |
| EPS | $14.66 |
| P/B Ratio | 4.09 |
| P/S Ratio | 8.09 |
| EV/EBITDA | 17.94 |
| Dividend Yield | 0.92% |
| Profit Margin | 30.4% |
| Return on Equity | 15.3% |
| Debt/Equity | 0.44 |
SPGI Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $6.70B | $2.12B |
| FY20 | $7.44B | $2.34B |
| FY21 | $8.30B | $3.02B |
| FY22 | $11.18B | $3.25B |
| FY23 | $12.50B | $2.63B |
| FY24 | $14.21B | $3.85B |
| FY25 | $15.34B | $4.47B |
S&P Global Inc (SPGI) Valuation
Based on GoodMoat's DCF model, S&P Global Inc has a fair value estimate of $439.51. At the current price of $426.06, the stock appears 3.1% undervalued relative to our intrinsic value estimate.
SPGI Quality Indicators
S&P Global Inc maintains a profit margin of 30.4% and an operating margin of 40.3%. Return on equity stands at 15.3%. The current ratio is 0.82. Debt-to-equity ratio is 0.44.
About S&P Global Inc
S&P Global enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape. From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world's leading organizations to unlock opportunities, solve challenges, and plan for tomorrow — today.
SPGI Free Cash Flow
S&P Global Inc generated $5.46B in trailing twelve-month free cash flow, representing an FCF yield of 4.29%. This moderate FCF yield indicates reasonable cash generation.
SPGI Shares Outstanding
S&P Global Inc has 0.30 billion shares outstanding at a share price of $426.06, giving it a market capitalization of $127.31B.
SPGI Recent Insider Trades
Recent insider transactions at S&P Global Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| CHEUNG MARTINA (CEO & President) | BUY | 2,322 | $998297.46 |
| Joly Hubert | BUY | 2,301 | $917960.94 |
| Eager William W (President, S&P Global Mobility) | BUY | 10.94 | $5953.55 |