Intrinsic value of S&P Global - SPGI

Previous Close

$178.64

  Intrinsic Value

$59.63

stock screener

  Rating & Target

str. sell

-67%

Previous close

$178.64

 
Intrinsic value

$59.63

 
Up/down potential

-67%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of SPGI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.55
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
  5.03
  5.03
  5.03
  5.02
  5.02
  5.02
  5.02
  5.02
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.00
Revenue, $m
  5,661
  5,950
  6,253
  6,570
  6,904
  7,253
  7,620
  8,005
  8,409
  8,833
  9,279
  9,746
  10,236
  10,751
  11,291
  11,858
  12,453
  13,078
  13,735
  14,423
  15,146
  15,906
  16,703
  17,539
  18,418
  19,340
  20,309
  21,325
  22,393
  23,514
  24,691
Variable operating expenses, $m
 
  3,787
  3,965
  4,151
  4,347
  4,552
  4,767
  4,993
  5,230
  5,479
  5,741
  5,720
  6,008
  6,310
  6,627
  6,960
  7,309
  7,676
  8,061
  8,465
  8,890
  9,335
  9,803
  10,294
  10,810
  11,351
  11,919
  12,516
  13,143
  13,800
  14,491
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,292
  3,787
  3,965
  4,151
  4,347
  4,552
  4,767
  4,993
  5,230
  5,479
  5,741
  5,720
  6,008
  6,310
  6,627
  6,960
  7,309
  7,676
  8,061
  8,465
  8,890
  9,335
  9,803
  10,294
  10,810
  11,351
  11,919
  12,516
  13,143
  13,800
  14,491
Operating income, $m
  3,369
  2,163
  2,288
  2,419
  2,557
  2,701
  2,853
  3,012
  3,179
  3,354
  3,538
  4,026
  4,228
  4,441
  4,664
  4,899
  5,144
  5,403
  5,674
  5,958
  6,257
  6,571
  6,900
  7,245
  7,608
  7,989
  8,389
  8,809
  9,250
  9,713
  10,200
EBITDA, $m
  3,550
  2,530
  2,659
  2,794
  2,935
  3,084
  3,240
  3,404
  3,576
  3,756
  3,945
  4,144
  4,352
  4,571
  4,801
  5,042
  5,295
  5,561
  5,840
  6,133
  6,440
  6,763
  7,102
  7,458
  7,831
  8,224
  8,635
  9,068
  9,522
  9,998
  10,499
Interest expense (income), $m
  150
  150
  62
  75
  88
  102
  117
  132
  148
  165
  183
  201
  221
  241
  263
  286
  309
  334
  360
  388
  417
  447
  479
  512
  547
  584
  622
  663
  706
  750
  797
Earnings before tax, $m
  3,188
  2,013
  2,226
  2,345
  2,469
  2,599
  2,736
  2,880
  3,031
  3,189
  3,355
  3,825
  4,008
  4,200
  4,401
  4,613
  4,835
  5,068
  5,313
  5,570
  5,840
  6,124
  6,421
  6,733
  7,061
  7,405
  7,767
  8,146
  8,545
  8,963
  9,402
Tax expense, $m
  960
  544
  601
  633
  667
  702
  739
  778
  818
  861
  906
  1,033
  1,082
  1,134
  1,188
  1,246
  1,305
  1,368
  1,435
  1,504
  1,577
  1,653
  1,734
  1,818
  1,907
  1,999
  2,097
  2,200
  2,307
  2,420
  2,539
Net income, $m
  2,106
  1,470
  1,625
  1,712
  1,802
  1,898
  1,998
  2,103
  2,213
  2,328
  2,449
  2,792
  2,926
  3,066
  3,213
  3,367
  3,530
  3,700
  3,879
  4,066
  4,263
  4,470
  4,687
  4,915
  5,155
  5,406
  5,670
  5,947
  6,238
  6,543
  6,864

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  2,400
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,669
  6,589
  6,924
  7,276
  7,645
  8,032
  8,439
  8,865
  9,313
  9,782
  10,275
  10,793
  11,336
  11,906
  12,504
  13,132
  13,791
  14,483
  15,210
  15,973
  16,773
  17,614
  18,497
  19,424
  20,396
  21,418
  22,490
  23,616
  24,798
  26,040
  27,343
Adjusted assets (=assets-cash), $m
  6,269
  6,589
  6,924
  7,276
  7,645
  8,032
  8,439
  8,865
  9,313
  9,782
  10,275
  10,793
  11,336
  11,906
  12,504
  13,132
  13,791
  14,483
  15,210
  15,973
  16,773
  17,614
  18,497
  19,424
  20,396
  21,418
  22,490
  23,616
  24,798
  26,040
  27,343
Revenue / Adjusted assets
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
  0.903
Average production assets, $m
  1,785
  1,874
  1,970
  2,070
  2,175
  2,285
  2,400
  2,522
  2,649
  2,783
  2,923
  3,070
  3,224
  3,386
  3,557
  3,735
  3,923
  4,120
  4,326
  4,543
  4,771
  5,010
  5,261
  5,525
  5,802
  6,092
  6,397
  6,718
  7,054
  7,407
  7,778
Working capital, $m
  1,060
  -1,410
  -1,482
  -1,557
  -1,636
  -1,719
  -1,806
  -1,897
  -1,993
  -2,094
  -2,199
  -2,310
  -2,426
  -2,548
  -2,676
  -2,810
  -2,951
  -3,100
  -3,255
  -3,418
  -3,590
  -3,770
  -3,959
  -4,157
  -4,365
  -4,584
  -4,813
  -5,054
  -5,307
  -5,573
  -5,852
Total debt, $m
  3,564
  1,475
  1,777
  2,093
  2,426
  2,774
  3,140
  3,524
  3,926
  4,349
  4,793
  5,258
  5,747
  6,260
  6,798
  7,364
  7,957
  8,580
  9,234
  9,920
  10,641
  11,398
  12,192
  13,026
  13,902
  14,821
  15,786
  16,800
  17,864
  18,981
  20,154
Total liabilities, $m
  8,019
  5,930
  6,232
  6,548
  6,881
  7,229
  7,595
  7,979
  8,381
  8,804
  9,248
  9,713
  10,202
  10,715
  11,253
  11,819
  12,412
  13,035
  13,689
  14,375
  15,096
  15,853
  16,647
  17,481
  18,357
  19,276
  20,241
  21,255
  22,319
  23,436
  24,609
Total equity, $m
  650
  659
  692
  728
  765
  803
  844
  887
  931
  978
  1,028
  1,079
  1,134
  1,191
  1,250
  1,313
  1,379
  1,448
  1,521
  1,597
  1,677
  1,761
  1,850
  1,942
  2,040
  2,142
  2,249
  2,362
  2,480
  2,604
  2,734
Total liabilities and equity, $m
  8,669
  6,589
  6,924
  7,276
  7,646
  8,032
  8,439
  8,866
  9,312
  9,782
  10,276
  10,792
  11,336
  11,906
  12,503
  13,132
  13,791
  14,483
  15,210
  15,972
  16,773
  17,614
  18,497
  19,423
  20,397
  21,418
  22,490
  23,617
  24,799
  26,040
  27,343
Debt-to-equity ratio
  5.483
  2.240
  2.570
  2.880
  3.170
  3.450
  3.720
  3.970
  4.220
  4.450
  4.660
  4.870
  5.070
  5.260
  5.440
  5.610
  5.770
  5.920
  6.070
  6.210
  6.340
  6.470
  6.590
  6.710
  6.820
  6.920
  7.020
  7.110
  7.200
  7.290
  7.370
Adjusted equity ratio
  -0.279
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  2,106
  1,470
  1,625
  1,712
  1,802
  1,898
  1,998
  2,103
  2,213
  2,328
  2,449
  2,792
  2,926
  3,066
  3,213
  3,367
  3,530
  3,700
  3,879
  4,066
  4,263
  4,470
  4,687
  4,915
  5,155
  5,406
  5,670
  5,947
  6,238
  6,543
  6,864
Depreciation, amort., depletion, $m
  181
  367
  371
  375
  379
  383
  387
  392
  397
  402
  407
  118
  124
  130
  137
  144
  151
  158
  166
  175
  184
  193
  202
  212
  223
  234
  246
  258
  271
  285
  299
Funds from operations, $m
  1,426
  1,837
  1,996
  2,086
  2,181
  2,280
  2,385
  2,494
  2,609
  2,730
  2,857
  2,910
  3,050
  3,196
  3,350
  3,511
  3,681
  3,858
  4,045
  4,241
  4,447
  4,663
  4,890
  5,128
  5,378
  5,640
  5,916
  6,205
  6,509
  6,828
  7,163
Change in working capital, $m
  -38
  -68
  -72
  -75
  -79
  -83
  -87
  -91
  -96
  -101
  -105
  -111
  -116
  -122
  -128
  -134
  -141
  -148
  -155
  -163
  -171
  -180
  -189
  -198
  -208
  -219
  -230
  -241
  -253
  -266
  -279
Cash from operations, $m
  1,464
  1,905
  2,067
  2,161
  2,260
  2,363
  2,472
  2,586
  2,705
  2,831
  2,962
  3,021
  3,166
  3,318
  3,478
  3,646
  3,822
  4,007
  4,201
  4,404
  4,618
  4,843
  5,079
  5,326
  5,586
  5,859
  6,145
  6,446
  6,762
  7,094
  7,442
Maintenance CAPEX, $m
  0
  -69
  -72
  -76
  -80
  -84
  -88
  -92
  -97
  -102
  -107
  -112
  -118
  -124
  -130
  -137
  -144
  -151
  -158
  -166
  -175
  -184
  -193
  -202
  -212
  -223
  -234
  -246
  -258
  -271
  -285
New CAPEX, $m
  -115
  -90
  -95
  -100
  -105
  -110
  -116
  -121
  -127
  -134
  -140
  -147
  -154
  -162
  -170
  -179
  -188
  -197
  -207
  -217
  -228
  -239
  -251
  -264
  -277
  -291
  -305
  -320
  -336
  -353
  -371
Cash from investing activities, $m
  1,205
  -159
  -167
  -176
  -185
  -194
  -204
  -213
  -224
  -236
  -247
  -259
  -272
  -286
  -300
  -316
  -332
  -348
  -365
  -383
  -403
  -423
  -444
  -466
  -489
  -514
  -539
  -566
  -594
  -624
  -656
Free cash flow, $m
  2,669
  1,747
  1,900
  1,986
  2,075
  2,169
  2,268
  2,372
  2,481
  2,595
  2,715
  2,761
  2,893
  3,032
  3,177
  3,330
  3,490
  3,659
  3,835
  4,021
  4,216
  4,420
  4,635
  4,860
  5,097
  5,345
  5,606
  5,880
  6,167
  6,469
  6,786
Issuance/(repayment) of debt, $m
  -71
  -2,089
  302
  317
  332
  349
  366
  384
  403
  423
  444
  466
  489
  513
  538
  565
  593
  623
  654
  687
  721
  757
  794
  834
  876
  919
  965
  1,013
  1,064
  1,117
  1,173
Issuance/(repurchase) of shares, $m
  -1,035
  939
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -1,220
  -1,150
  302
  317
  332
  349
  366
  384
  403
  423
  444
  466
  489
  513
  538
  565
  593
  623
  654
  687
  721
  757
  794
  834
  876
  919
  965
  1,013
  1,064
  1,117
  1,173
Total cash flow (excl. dividends), $m
  1,291
  597
  2,202
  2,302
  2,407
  2,518
  2,634
  2,756
  2,884
  3,018
  3,159
  3,227
  3,382
  3,545
  3,716
  3,895
  4,084
  4,282
  4,489
  4,707
  4,936
  5,177
  5,429
  5,694
  5,972
  6,265
  6,571
  6,893
  7,231
  7,586
  7,959
Retained Cash Flow (-), $m
  -456
  -2,409
  -34
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -52
  -54
  -57
  -60
  -63
  -66
  -69
  -73
  -76
  -80
  -84
  -88
  -93
  -97
  -102
  -107
  -113
  -118
  -124
  -130
Prev. year cash balance distribution, $m
 
  2,400
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  588
  2,168
  2,267
  2,371
  2,479
  2,593
  2,713
  2,839
  2,971
  3,109
  3,175
  3,328
  3,488
  3,656
  3,833
  4,018
  4,212
  4,417
  4,631
  4,856
  5,093
  5,341
  5,602
  5,875
  6,162
  6,464
  6,781
  7,113
  7,462
  7,829
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  564
  1,985
  1,973
  1,952
  1,922
  1,882
  1,833
  1,774
  1,707
  1,630
  1,508
  1,420
  1,326
  1,227
  1,125
  1,021
  917
  813
  713
  617
  527
  443
  367
  299
  240
  189
  146
  110
  81
  59
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

S&P Global Inc., formerly McGraw Hill Financial Inc., is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors. The Company's subsidiary, CRISIL Limited (CRISIL), is a global analytical company and a provider of ratings, data and research, analytics and solutions.

FINANCIAL RATIOS  of  S&P Global (SPGI)

Valuation Ratios
P/E Ratio 22
Price to Sales 8.2
Price to Book 71.2
Price to Tangible Book
Price to Cash Flow 31.6
Price to Free Cash Flow 34.3
Growth Rates
Sales Growth Rate 6.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -17.3%
Cap. Spend. - 3 Yr. Gr. Rate -0.3%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 548.3%
Total Debt to Equity 548.3%
Interest Coverage 22
Management Effectiveness
Return On Assets 26.2%
Ret/ On Assets - 3 Yr. Avg. 12.6%
Return On Total Capital 52.5%
Ret/ On T. Cap. - 3 Yr. Avg. 30.4%
Return On Equity 499.1%
Return On Equity - 3 Yr. Avg. 275.1%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 68.8%
Gross Margin - 3 Yr. Avg. 68.4%
EBITDA Margin 62.2%
EBITDA Margin - 3 Yr. Avg. 35.1%
Operating Margin 59.5%
Oper. Margin - 3 Yr. Avg. 32.6%
Pre-Tax Margin 56.3%
Pre-Tax Margin - 3 Yr. Avg. 30.5%
Net Profit Margin 37.2%
Net Profit Margin - 3 Yr. Avg. 18.9%
Effective Tax Rate 30.1%
Eff/ Tax Rate - 3 Yr. Avg. 171.3%
Payout Ratio 18%

SPGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SPGI stock intrinsic value calculation we used $5661 million for the last fiscal year's total revenue generated by S&P Global. The default revenue input number comes from 2016 income statement of S&P Global. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SPGI stock valuation model: a) initial revenue growth rate of 5.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SPGI is calculated based on our internal credit rating of S&P Global, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of S&P Global.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SPGI stock the variable cost ratio is equal to 63.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SPGI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.2% for S&P Global.

Corporate tax rate of 27% is the nominal tax rate for S&P Global. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SPGI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SPGI are equal to 31.5%.

Life of production assets of 26 years is the average useful life of capital assets used in S&P Global operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SPGI is equal to -23.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $650 million for S&P Global - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 255.667 million for S&P Global is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of S&P Global at the current share price and the inputted number of shares is $45.7 billion.

RELATED COMPANIES Price Int.Val. Rating
MCO Moody's 157.58 56.94  str.sell
EFX Equifax 122.84 74.14  sell
MORN Morningstar 101.12 155.06  str.buy
DNB Dun&Bradstreet 118.01 14.58  str.sell
CME CME Group Cl A 152.21 133.44  hold
TRI Thomson Reuter 43.64 40.86  hold
INFO IHS Markit 47.65 41.70  hold
TST TheStreet 1.46 1.27  hold

COMPANY NEWS

▶ Travelport Worldwide Set to Join S&P SmallCap 600   [Jan-11-18 06:12PM  PR Newswire]
▶ Should You Buy S&P Global Inc (NYSE:SPGI) At $177.18?   [Jan-09-18 07:13PM  Simply Wall St.]
▶ S&P Global CIO Out Amid Broad Operations Reshuffle   [03:32PM  The Wall Street Journal]
▶ Community Healthcare Trust Set to Join S&P SmallCap 600   [Dec-18-17 05:50PM  PR Newswire]
▶ S&P 500 Q3 2017 Buybacks Increase 7.5% to $129.2 Billion   [Dec-13-17 11:00AM  PR Newswire]
▶ The CFPB needs to get out of Wall Street's way: NYSE trader   [Nov-27-17 01:43PM  Yahoo Finance Video]
▶ Janet Yellen admits the Federal Reserve causes the boom-bust cycle   [Nov-22-17 10:42AM  Yahoo Finance Video]
▶ Automation Brings Cultural Change at S&P Global   [Nov-09-17 05:37PM  The Wall Street Journal]
▶ U.S. Land Rig Count Dips Slightly in October   [Nov-02-17 03:45PM  PR Newswire]
▶ S&P Global Declares Quarterly Dividend   [10:35AM  PR Newswire]
▶ ETFs with exposure to S&P Global, Inc. : November 1, 2017   [Nov-01-17 12:41PM  Capital Cube]
▶ S&P Global beats Street 3Q forecasts   [08:01AM  Associated Press]
▶ S&P Global Reports Third Quarter Results   [07:10AM  PR Newswire]
▶ S&P Global, Inc. to Host Earnings Call   [06:40AM  ACCESSWIRE]
▶ Equifax CEO Richard Smith is out   [10:30AM  Yahoo Finance Video]
▶ Top Equifax executives "retire" after data breach   [Sep-18-17 11:19AM  Yahoo Finance Video]
Financial statements of SPGI
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