MSCI MSCI

Name: MSCI Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 31, 2026

Price at analysis: $544.78

Crucible Score

67.4

B-

Quality × Value Composite

KQI — Quality

81.6

A-

Fundamental Quality Index

KVI — Value

50.1

C-

Valuation Attractiveness Index

Crucible Verdict — MSCI

MSCI delivers exceptional quality metrics with an 81.6 KQI score driven by strong management effectiveness and consistent earnings beats, but the 50.1 value score reflects stretched valuations at current levels. MSCI trades 12% below fair value estimates, creating a decent entry point for a business with durable competitive moats in financial data services. The quality justifies premium pricing for patient investors.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

80.5

Growth Profile

78.8

Moat Durability

75.0

Management Effectiveness

82.2

Diversification & Resilience⚠

76.0

Market Position

79.0

Weakest dimension: Moat Durability (75.0)

◆ KVI Value Dimensions

DCF Margin of Safety

63.0

FCF Yield & Cash Returns

49.3

Relative Valuation

21.1

Growth-Adjusted Value

34.8

Historical Valuation

91.5

Macro Context

41.1

◆ DCF Valuation Scenarios

Bear Case

$410.52

Base Case

$612.35

Bull Case

$878.14

Price at Analysis

$544.78

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$410.52	7.0%	50.0%	11.1%
🟢 Base	$612.35	10.0%	54.0%	10.4%
🟢 Bull	$878.14	13.0%	57.0%	9.7%

Key Assumptions: MSCI's revenue CAGR over the trailing 5 years is approximately 11.3% with operating margins expanding from 52.5% to 54.7%, reflecting strong pricing power in index and analytics businesses. WACC is computed using CAPM with a 5.3% ERP for the base case (financial data/services sector), yielding 4.33% + 1.30 × 5.3% = 11.2% before adjusting slightly across scenarios. Capex intensity is very low at ~1.2-1.5% of revenue historically, and negative equity reflects aggressive share buybacks funded by debt, which is incorporated via the net debt bridge to equity value.

◆ Financial Snapshot

Profitability

Gross Margin82.4%

Operating Margin54.7%

Net Margin38.4%

ROIC34.9%

ROE-186.7%

Balance Sheet

Balance SheetCR: 0.90

Cash ConversionFCF/EPS: 1.29x

Capital IntensityCapex/Rev: 1.3%

Altman Z-Score5.59 (Safe)

Piotroski F-Score8/9 (Strong)

Growth

Revenue CAGR11.3% CAGR

Earnings CAGR13.4% CAGR

Growth ConsistencyCV: 0.29

Segment Breadth3/3 growing (100%)

Quarterly TrendMargin↑, WC↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOHenry Fernandez · 21 years

CEO Ownership3.8%

Compensation92% performance-based

Insider ActivityStrong Buying

Capital AllocationROIC 34.9% vs WACC 2.6%

Earnings Beat Rate89% (18/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 31, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.