(SPGI) S&P Global - Overview
Sector: Financial Services | Industry: Financial Data & Stock Exchanges | Exchange: NYSE (USA) | Market Cap: 123.657m USD | Total Return: -16.8% in 12m
Avg Turnover: 885M
EPS Trend: 99.1%
Qual. Beats: 1
Rev. Trend: 99.5%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Garp
S&P Global Inc. is a global provider of financial information services, offering credit ratings, benchmarks, and data analytics across the capital, energy, commodity, and automotive markets. The company operates through five specialized segments, including Market Intelligence, Ratings, Mobility, and Dow Jones Indices, serving institutional investors, corporations, and government entities worldwide.
The business model relies heavily on recurring subscription revenue and transaction-based fees, particularly within its Ratings division, which functions as a critical intermediary in global debt issuance. As a member of the Financial Exchanges & Data sub-industry, the company benefits from high barriers to entry due to its established brand reputation and the regulatory integration of its credit ratings into global financial frameworks.
Investors can further examine these competitive advantages and valuation metrics by visiting ValueRay. S&P Global’s diverse geographic footprint and multi-asset class data integration allow it to capture demand across various economic cycles and market volatility levels.
- Global debt issuance volumes dictate credit ratings segment revenue and profit margins
- Interest rate volatility impacts corporate refinancing activity and credit rating demand
- Asset-linked fees from S&P Dow Jones Indices track global equity market performance
- Subscription-based data services provide recurring revenue and offset cyclical ratings volatility
- Regulatory scrutiny of credit rating agencies poses long-term operational and legal risks
| Net Income: 4.78b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.13 > 1.0 |
| NWC/Revenue: -19.17% < 20% (prev -4.00%; Δ -15.17% < -1%) |
| CFO/TA 0.09 > 3% & CFO 5.74b > Net Income 4.78b |
| Net Debt (12.4b) to EBITDA (8.10b): 1.53 < 3 |
| Current Ratio: 0.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (297.6m) vs 12m ago -3.28% < -2% |
| Gross Margin: 70.47% > 18% (prev 0.69%; Δ 6.98k% > 0.5%) |
| Asset Turnover: 26.07% > 50% (prev 24.20%; Δ 1.87% > 0%) |
| Interest Coverage Ratio: 22.56 > 6 (EBITDA TTM 8.10b / Interest Expense TTM 306.0m) |
| A: -0.05 (Total Current Assets 6.32b - Total Current Liabilities 9.34b) / Total Assets 60.8b |
| B: 0.41 (Retained Earnings 24.8b / Total Assets 60.8b) |
| C: 0.11 (EBIT TTM 6.90b / Avg Total Assets 60.3b) |
| D: 1.00 (Book Value of Equity 24.5b / Total Liabilities 24.6b) |
| Altman-Z'' = 2.82 = A |
| DSRI: 1.04 (Receivables 3.49b/3.08b, Revenue 15.7b/14.5b) |
| GMI: 0.99 (GM 70.47% / 69.47%) |
| AQI: 0.98 (AQ_t 0.89 / AQ_t-1 0.90) |
| SGI: 1.09 (Revenue 15.7b / 14.5b) |
| TATA: -0.02 (NI 4.78b - CFO 5.74b) / TA 60.8b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 424.00 with a total of 2,171,263 shares traded.
Over the past week, the price has changed by +2.23%,
over one month by -1.89%,
over three months by -3.82% and
over the past year by -16.83%.
S&P Global has received a consensus analysts rating of 4.62. Therefore, it is recommended to buy SPGI.
- StrongBuy: 17
- Buy: 8
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 533.8 | 25.9% |
P/E Trailing = 26.4405
P/E Forward = 21.1864
P/S = 7.8612
P/B = 3.9482
P/EG = 1.4619
Revenue TTM = 15.7b USD
EBIT TTM = 6.90b USD
EBITDA TTM = 8.10b USD
Long Term Debt = 10.6b USD (from longTermDebt, last quarter)
Short Term Debt = 2.70b USD (from shortTermDebt, last quarter)
Debt = 14.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 458.0m
Net Debt = 12.4b USD (calculated: Debt 14.2b - CCE 1.81b)
Enterprise Value = 136b USD (124b + Debt 14.2b - CCE 1.81b)
Interest Coverage Ratio = 22.56 (Ebit TTM 6.90b / Interest Expense TTM 306.0m)
EV/FCF = 24.49x (Enterprise Value 136b / FCF TTM 5.56b)
FCF Yield = 4.08% (FCF TTM 5.56b / Enterprise Value 136b)
FCF Margin = 35.32% (FCF TTM 5.56b / Revenue TTM 15.7b)
Net Margin = 30.37% (Net Income TTM 4.78b / Revenue TTM 15.7b)
Gross Margin = 70.47% ((Revenue TTM 15.7b - Cost of Revenue TTM 4.64b) / Revenue TTM)
Gross Margin QoQ = 70.39% (prev 70.12%)
Tobins Q-Ratio = 2.24 (Enterprise Value 136b / Total Assets 60.8b)
Interest Expense / Debt = 2.15% (Interest Expense 306.0m / Debt 14.2b)
Taxrate = 21.17% (404.0m / 1.91b)
NOPAT = 5.44b (EBIT 6.90b * (1 - 21.17%))
Current Ratio = 0.68 (Total Current Assets 6.32b / Total Current Liabilities 9.34b)
Debt / Equity = 0.46 (Debt 14.2b / totalStockholderEquity, last quarter 31.2b)
Debt / EBITDA = 1.53 (Net Debt 12.4b / EBITDA 8.10b)
Debt / FCF = 2.24 (Net Debt 12.4b / FCF TTM 5.56b)
Total Stockholder Equity = 32.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.92% (Net Income 4.78b / Total Assets 60.8b)
RoE = 14.80% (Net Income TTM 4.78b / Total Stockholder Equity 32.3b)
RoCE = 16.09% (EBIT 6.90b / Capital Employed (Equity 32.3b + L.T.Debt 10.6b))
RoIC = 10.11% (NOPAT 5.44b / Invested Capital 53.8b)
WACC = 7.30% (E(124b)/V(138b) * Re(7.95%) + D(14.2b)/V(138b) * Rd(2.15%) * (1-Tc(0.21)))
Discount Rate = 7.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -2.62%
[DCF] Terminal Value 75.45% ; FCFF base≈5.55b ; Y1≈5.58b ; Y5≈5.92b
[DCF] Fair Price = 269.1 (EV 92.1b - Net Debt 12.4b = Equity 79.7b / Shares 296.0m; r=8.35% [WACC [floored]]; 5y FCF grow 0.09% → 2.50% )
EPS Correlation: 99.12 | EPS CAGR: 18.44% | SUE: 1.10 | # QB: 1
Revenue Correlation: 99.51 | Revenue CAGR: 10.56% | SUE: 2.36 | # QB: 1
EPS current Quarter (2026-06-30): EPS=4.93 | Chg30d=-0.40% | Revisions=-22% | Analysts=21
EPS next Quarter (2026-09-30): EPS=5.08 | Chg30d=-0.21% | Revisions=-9% | Analysts=21
EPS current Year (2026-12-31): EPS=19.62 | Chg30d=-0.09% | Revisions=+18% | GrowthEPS=+10.0% | GrowthRev=+7.7%
EPS next Year (2027-12-31): EPS=22.20 | Chg30d=+0.56% | Revisions=+26% | GrowthEPS=+13.2% | GrowthRev=+7.2%
[Analyst] Revisions Ratio: +26%