SPGI logo
S&P Global Inc.
SPGI
554.43 (0.58%) 3.24
169.26(B)
Financials
Capital Markets
S&P Global Inc. together with its subsidiaries provides credit ratings benchmarks analytics and workflow solutions in the global capital commodity and automotive markets. It operates through five segments: S&P Global Market Intelligence S&P Global Ratings S&P Global Commodity Insights S&P Global Mobility and S&P Dow Jones Indices. The S&P Global Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions. This segment offers Desktop a product suite that provides data analytics and third-party research for global finance and corporate professionals; data and advisory solutions for research reference data market data derived analytics and valuation services; enterprise solutions such as software and workflow solutions; and credit and risk solutions for selling ratings' credit ratings and related data and research analytics and financial risk solutions. The S&P Global Ratings segment operates as an independent provider of credit ratings research and analytics offering investors and other market participants information ratings and benchmarks. The S&P Global Commodity Insights segment provides information and benchmark prices for the commodity and energy markets. The S&P Global Mobility segment offers solutions serving the full automotive value chain including vehicle manufacturers (original equipment manufacturers) automotive suppliers mobility service providers retailers consumers and finance and insurance companies. The S&P Dow Jones Indices segment operates as an index provider that maintains various valuation and index benchmarks for investment advisors wealth managers and institutional investors. It has operations in the United States European region Asia and internationally. S&P Global Inc. was founded in 1860 and is headquartered in New York New York.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$169.26(B)
EV:$184.00(B)
Total Equity:$37.96(B)
Div. yield:0.67%
Earnings date:Oct-23-2025
P/E:42.62
P/E (fwd):32.20
P/FCF:31.29
P/S:11.63
P/B:5.07
EPS:$13.0
EPS (fwd):$17.2
FCF/share:$17.7
Dividend/share:$3.7
Book value/share:$109.4
ROIC:7.3%
ROA:6.6%
ROE:11.7%
Gross margin:69.6%
Net margin:27.3%

SPGI Valuation & Price Targets

Current Price
$554
Day change: +0.58%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

57% overvalued
Low
$180
Mid
$240
High
$300
Current price
$554
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+117.117.217.424
FY+218.819.219.824
FY+320.821.522.916
FY+423.323.524.13
FY+525.725.825.92
EPS

Analyst Price Targets

12% undervalued
Low
$560
Mid
$620
High
$660
Current price
$554

Analyst Recommendations

Strong Buy5
Buy17
Hold2
Sell0
Strong Sell0

EPS Estimates

LowAvgHigh#
FY+117.117.217.424
FY+218.819.219.824
FY+320.821.522.916
FY+423.323.524.13
FY+525.725.825.92

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$14.70(B)
Gross profit$10.22(B)
EBITDA$7.26(B)
Net income$4.01(B)
Gross margin69.6%
Operating margin39.2%
Net margin27.3%
Shares outstanding:305.28(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$60.40(B)
Current assets$5.88(B)
Total liabilities$22.43(B)
Current liabilities$5.98(B)
Cash & Short-term inv.$1.85(B)
Long-term debt$11.38(B)
Total intangibles$51.15(B)
PP&E$680.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$5.41(B)
CapEx$-172.00(M)
Dividends paid$-1.15(B)
Stock issued$0
Stock repurchased$-4.27(B)
Stock-based comp.$257.00(M)
Debt issued$-250.00(M)
Debt repaid$-4.00(M)

Per share data (TTM)

Price: $554
Revenue: $47.7 (11.6x | 8.6%) Gross profit: $33.5 (16.6x | 6.0%) Earnings: $13.0 (42.6x | 2.3%)
FCF: $17.7 (31.3x | 3.2%) Stock-based Comp.: $0.84 (658.6x | 0.2%) Dividend: $3.74 (148.2x | 0.7%)
Total Assets: $198 (2.8x | 35.7%) Total Liabilities: $73.5 (7.5x | 13.3%) Book Value: $109 (5.1x | 19.7%) Cash & ST inv.: $6.05 (91.6x | 1.1%) Debt: $37.3 (14.9x | 6.7%)

Growth Estimates

Revenue

CAGR: 6.2%
FY+1FY+2FY+3FY+4FY+5
FY+1$15.10(B)
FY+2(+7.2%)$16.19(B)
FY+3(+7.3%)$17.37(B)
FY+4(+5.2%)$18.28(B)
FY+5(+5.2%)$19.22(B)

Net Income

CAGR: 8.2%
FY+1FY+2FY+3FY+4FY+5
FY+1$5.25(B)
FY+2(+9.0%)$5.72(B)
FY+3(+9.3%)$6.25(B)
FY+4(+6.4%)$6.65(B)
FY+5(+8.3%)$7.20(B)

EPS

CAGR: 10.6%
FY+1FY+2FY+3FY+4FY+5
FY+1$17.22
FY+2(+11.7%)$19.23
FY+3(+11.9%)$21.52
FY+4(+9.3%)$23.53
FY+5(+9.5%)$25.77

FCF per share

CAGR: 14.1%
FY+1FY+2FY+3
FY+1$18.53
FY+2(+15.8%)$21.45
FY+3(+12.4%)$24.11

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)12.0(B)14.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.0(B)2.0(B)3.0(B)4.0(B)5.0(B)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.0(B)20.0(B)30.0(B)40.0(B)50.0(B)60.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.05.010.015.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.020.030.040.050.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%20%40%60%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%5%10%15%20%25%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.050.0(M)100.0(M)150.0(M)200.0(M)250.0(M)300.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.0(B)40.0(B)60.0(B)80.0(B)100.0(B)120.0(B)140.0(B)
Market Cap.

KPIs

Operating Income By Segement
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Global Mobility Global Commodity Insights Global Market Intelligence Dow Jones Indices Global Ratings
Recurring Revenue As A Percent Of Revenue
3/20236/20239/202312/20233/20246/20249/202412/20243/20256/2025
Global Mobility Global Market Intelligence Dow Jones Indices Global Commodity
Revenue By Segement
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Global Commodity Insights Engineering Solutions Dow Jones Indices Global Ratings Global Mobility Global Market Intelligence

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.25%
Institutions: 89.76%
Other: 9.99%

Institutional ownership

9.86% Vanguard Group Inc8.68% Blackrock Inc.4.67% State Street Corporati...3.39% TCI Fund Management Lt...2.58% Morgan Stanley2.23% Geode Capital Manageme...2.11% Wellington Management ...1.95% FMR, LLC1.75% Bank of America Corpor...1.13% NORGES BANK51.41% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $17.04(M).

Congress members have bought between $133007 - $345000 worth of the company's stock, and sold between $82005 - $230000.

Insider transactions

2025-09

$0.00
$0.00

2025-08

$2.12(M)
$0.00

2025-07

$0.00
$0.00

2025-06

$0.00
$0.00

2025-05

$10.90(M)
$0.00

2025-04

$0.00
$0.00

2025-03

$0.00
$0.00

2025-02

$3.00(M)
$0.00

2025-01

$0.00
$0.00

2024-12

$0.00
$0.00

2024-11

$1.01(M)
$0.00

2024-10

$0.00
$0.00

2024-09

$0.00
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-08-082,0001,122,240561.1SAHA SAUGATAOfficer
Sell2025-08-061,799998,526555.0TAVERNIER EDOUARDOfficer
Grant2025-08-01407222,084545.7LE PALLEC YANNOfficer
Sell2025-05-052,0001,017,640508.8KEMPS STEVEN JOfficer
Sell2025-05-05499255,148511.3MOORE SALLY ANNOfficer
Sell2025-05-0119,1739,631,629502.4PETERSON DOUGLAS LDirector
Grant2025-04-011,435732,969510.8CRAIG CHRISTOPHEROfficer
Grant2025-03-0410,69700.0KEMPS STEVEN JOfficer
Grant2025-03-045,27600.0SAHA SAUGATAOfficer
Grant2025-03-044,55800.0MOORE SALLY ANNOfficer
Grant2025-03-0423300.0GANESAN GIRISHOfficer
Grant2025-03-0410400.0TWOMEY CHRISTINAOfficer
Grant2025-03-0425100.0LE PALLEC YANNOfficer
Grant2025-03-0423300.0ERNSBERGER DAVID POfficer
Grant2025-03-0419700.0ERAMO MARKOfficer
Grant2025-03-0435,51300.0PETERSON DOUGLAS LDirector
Grant2025-03-0418,97600.0CHEUNG MARTINAChief Executive Officer
Grant2025-03-048,83000.0KOCHERLAKOTA SITARAMA SWAMYOfficer
Grant2025-03-0428700.0CRAIG CHRISTOPHEROfficer
Grant2025-03-048,83000.0TAVERNIER EDOUARDOfficer
Grant2025-03-048,25500.0DRAPER DANIEL EOfficer
Grant2025-02-251,30000.0THORNBURGH RICHARD E.Director
Sell2025-02-145,5213,000,032543.4PETERSON DOUGLAS LDirector
Grant2025-02-12768408,200531.5CRAIG CHRISTOPHERChief Financial Officer
Grant2025-01-31254132,438521.4ERAMO MARKPresident
Grant2025-01-31592308,675521.4TAVERNIER EDOUARDOfficer
Grant2024-12-311,697845,157498.0KEMPS STEVEN JOfficer
Grant2024-12-3111,5195,736,808498.0PETERSON DOUGLAS LDirector
Grant2024-12-311,592792,864498.0KOCHERLAKOTA SITARAMA SWAMYOfficer
Grant2024-12-312,6661,327,748498.0CHEUNG MARTINAChief Executive Officer
Grant2024-12-311,766879,521498.0SAHA SAUGATAOfficer
Grant2024-12-31900448,227498.0MOORE SALLY ANNOfficer
Grant2024-12-31255126,998498.0GANESAN GIRISHOfficer
Grant2024-12-3111456,775498.0TWOMEY CHRISTINAOfficer
Grant2024-12-31289143,931498.0ERNSBERGER DAVID POfficer
Grant2024-12-31216107,574498.0ERAMO MARKOfficer
Grant2024-12-31991493,548498.0CRAIG CHRISTOPHERChief Financial Officer
Grant2024-12-311,376685,289498.0TAVERNIER EDOUARDPresident
Grant2024-12-31628312,763498.0DRAPER DANIEL EOfficer
Grant2024-12-13322162,852505.8ERAMO MARKOfficer
Sell2024-11-27500261,500523.0SAHA SAUGATAOfficer
Sell2024-11-20500251,800503.6SAHA SAUGATAOfficer
Sell2024-11-13500251,925503.9SAHA SAUGATAOfficer
Sell2024-11-06500249,660499.3SAHA SAUGATAOfficer
Grant2024-11-01432208,790483.3GANESAN GIRISHOfficer
Grant2024-11-0118790,379483.3TWOMEY CHRISTINAOfficer

Congressional trading

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$0.00
$0.00

2025-06

$32501
$0.00

2025-05

$75001
$0.00

2025-04

$16001
$215002

2025-03

$0.00
$0.00

2025-02

$32501
$0.00

2025-01

$0.00
$16001

2024-12

$0.00
$0.00

2024-11

$0.00
$0.00

2024-10

$0.00
$0.00

2024-09

$0.00
$0.00
DatePoliticianPartyChamberAmount ($)
Sell2025-06-23Ro KhannaDHouse$15,001 - $50,000
Sell2025-05-12Jefferson ShreveRHouse$50,001 - $100,000
Buy2025-04-17Jefferson ShreveRHouse$50,001 - $100,000
Buy2025-04-17Jefferson ShreveRHouse$50,001 - $100,000
Sell2025-04-09Ro KhannaDHouse$1,001 - $15,000
Buy2025-04-08Rob BresnahanRHouse$15,001 - $50,000
Buy2025-04-08Rob BresnahanRHouse$15,001 - $50,000
Sell2025-04-07Julie JohnsonDHouse$1,001 - $15,000
Sell2025-02-11Daniel S. GoldmanDHouse$15,001 - $50,000
Buy2025-01-22Ro KhannaDHouse$1,001 - $15,000
Buy2025-01-22Ro KhannaDHouse$1,001 - $15,000
Buy2024-08-02Ro KhannaDHouse$1,001 - $15,000

Tools

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Required Investment

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The Required Investment Calculator helps you determine the amount of money you need to invest in a stock to achieve a desired dividend.

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Future Dividend Yield

Base Dividend
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What is the Future Yield Calculator?

The Future Yield Calculator helps you estimate the future dividend yield of a stock based on its current dividend, price, and expected dividend growth rate.

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Future Dividend Income

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What is the Future Dividend Income Calculator?

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