FactSet Research Systems Inc.
Find Ratings ReportsFACTSET RESEARCH SYSTEMS INC's gross profit margin for the first quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. FACTSET RESEARCH SYSTEMS INC has strong liquidity. Currently, the Quick Ratio is 1.51 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 15.37% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 542.22 | 504.82 |
EBITDA ($mil) | 214.53 | 198.17 |
EBIT ($mil) | 187.47 | 172.18 |
Net Income ($mil) | 148.56 | 136.8 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 443.93 | 469.71 |
Total Assets ($mil) | 3951.23 | 3977.54 |
Total Debt ($mil) | 1772.62 | 2090.03 |
Equity ($mil) | 1700.74 | 1474.13 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 58.59 | 60.17 |
EBITDA Margin | 39.56 | 39.25 |
Operating Margin | 34.57 | 34.11 |
Sales Turnover | 0.54 | 0.48 |
Return on Assets | 12.14 | 10.71 |
Return on Equity | 28.22 | 28.9 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 1.68 | 2.16 |
Debt/Capital | 0.51 | 0.59 |
Interest Expense | 16.74 | 16.54 |
Interest Coverage | 11.2 | 10.41 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 38.06 | 38.21 |
Div / share | 0.98 | 0.89 |
EPS | 3.84 | 3.52 |
Book value / share | 44.69 | 38.58 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 225608.0 | 253651.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 76.09 for the Web Search, Libraries, Archives, and Other Infor S subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 10.72 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 17.67. The current price-to-sales ratio is well above the S&P 500 average and above the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, FACTSET RESEARCH SYSTEMS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FDS 38.74 | Peers 76.09 | FDS 26.22 | Peers 32.96 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. FDS is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. FDS is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FDS 27.21 | Peers 26.19 | FDS 1.20 | Peers 0.62 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. FDS is trading at a premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. FDS trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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FDS 10.72 | Peers 17.67 | FDS 12.56 | Peers 89.51 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FDS is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FDS is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FDS 8.59 | Peers 8.21 | FDS 10.33 | Peers 15.59 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FDS is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FDS significantly trails its peers on the basis of sales growth. |
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