Intrinsic value of S&P Global - SPGI

Previous Close

$211.35

  Intrinsic Value

$228.40

stock screener

  Rating & Target

hold

+8%

Previous close

$211.35

 
Intrinsic value

$228.40

 
Up/down potential

+8%

 
Rating

hold

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

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 53.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.60
  6.44
  6.30
  6.17
  6.05
  5.94
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.18
  5.16
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.08
Revenue, $m
  6,463
  6,879
  7,313
  7,763
  8,233
  8,723
  9,233
  9,765
  10,321
  10,901
  11,506
  12,140
  12,801
  13,494
  14,218
  14,975
  15,769
  16,599
  17,469
  18,380
  19,335
  20,335
  21,384
  22,484
  23,637
  24,846
  26,114
  27,444
  28,839
  30,302
Variable operating expenses, $m
  2,589
  2,727
  2,871
  3,021
  3,178
  3,341
  3,510
  3,688
  3,872
  4,066
  3,829
  4,040
  4,260
  4,491
  4,732
  4,984
  5,248
  5,524
  5,814
  6,117
  6,435
  6,768
  7,117
  7,483
  7,866
  8,269
  8,691
  9,133
  9,598
  10,085
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
  2,589
  2,727
  2,871
  3,021
  3,178
  3,341
  3,510
  3,688
  3,872
  4,066
  3,829
  4,040
  4,260
  4,491
  4,732
  4,984
  5,248
  5,524
  5,814
  6,117
  6,435
  6,768
  7,117
  7,483
  7,866
  8,269
  8,691
  9,133
  9,598
  10,085
Operating income, $m
  3,874
  4,152
  4,441
  4,742
  5,055
  5,382
  5,722
  6,078
  6,448
  6,835
  7,677
  8,099
  8,541
  9,003
  9,486
  9,991
  10,521
  11,075
  11,655
  12,263
  12,900
  13,568
  14,267
  15,001
  15,770
  16,577
  17,423
  18,310
  19,241
  20,217
EBITDA, $m
  4,413
  4,698
  4,993
  5,301
  5,622
  5,956
  6,305
  6,668
  7,048
  7,444
  7,857
  8,290
  8,742
  9,214
  9,709
  10,226
  10,768
  11,335
  11,929
  12,551
  13,203
  13,886
  14,602
  15,353
  16,141
  16,966
  17,832
  18,740
  19,693
  20,692
Interest expense (income), $m
  150
  193
  211
  242
  275
  309
  344
  381
  420
  460
  502
  546
  592
  640
  690
  742
  797
  854
  914
  977
  1,043
  1,111
  1,184
  1,259
  1,338
  1,422
  1,509
  1,600
  1,696
  1,796
  1,902
Earnings before tax, $m
  3,682
  3,941
  4,199
  4,467
  4,746
  5,037
  5,341
  5,658
  5,988
  6,333
  7,131
  7,508
  7,901
  8,313
  8,744
  9,195
  9,667
  10,161
  10,678
  11,220
  11,789
  12,384
  13,008
  13,663
  14,349
  15,068
  15,823
  16,614
  17,444
  18,316
Tax expense, $m
  994
  1,064
  1,134
  1,206
  1,282
  1,360
  1,442
  1,528
  1,617
  1,710
  1,925
  2,027
  2,133
  2,245
  2,361
  2,483
  2,610
  2,743
  2,883
  3,030
  3,183
  3,344
  3,512
  3,689
  3,874
  4,068
  4,272
  4,486
  4,710
  4,945
Net income, $m
  2,688
  2,877
  3,065
  3,261
  3,465
  3,677
  3,899
  4,130
  4,371
  4,623
  5,206
  5,481
  5,768
  6,069
  6,383
  6,712
  7,057
  7,417
  7,795
  8,191
  8,606
  9,040
  9,496
  9,974
  10,474
  11,000
  11,551
  12,128
  12,734
  13,370

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  10,052
  10,699
  11,372
  12,074
  12,804
  13,565
  14,359
  15,187
  16,051
  16,953
  17,895
  18,880
  19,909
  20,985
  22,111
  23,290
  24,523
  25,815
  27,168
  28,585
  30,070
  31,626
  33,257
  34,967
  36,760
  38,640
  40,612
  42,680
  44,850
  47,127
Adjusted assets (=assets-cash), $m
  10,052
  10,699
  11,372
  12,074
  12,804
  13,565
  14,359
  15,187
  16,051
  16,953
  17,895
  18,880
  19,909
  20,985
  22,111
  23,290
  24,523
  25,815
  27,168
  28,585
  30,070
  31,626
  33,257
  34,967
  36,760
  38,640
  40,612
  42,680
  44,850
  47,127
Revenue / Adjusted assets
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
  0.643
Average production assets, $m
  2,643
  2,814
  2,991
  3,175
  3,367
  3,568
  3,776
  3,994
  4,221
  4,458
  4,706
  4,965
  5,236
  5,519
  5,815
  6,125
  6,449
  6,789
  7,145
  7,517
  7,908
  8,317
  8,746
  9,196
  9,667
  10,162
  10,680
  11,224
  11,795
  12,394
Working capital, $m
  -1,351
  -1,438
  -1,528
  -1,623
  -1,721
  -1,823
  -1,930
  -2,041
  -2,157
  -2,278
  -2,405
  -2,537
  -2,675
  -2,820
  -2,971
  -3,130
  -3,296
  -3,469
  -3,651
  -3,841
  -4,041
  -4,250
  -4,469
  -4,699
  -4,940
  -5,193
  -5,458
  -5,736
  -6,027
  -6,333
Total debt, $m
  3,901
  4,484
  5,090
  5,721
  6,379
  7,064
  7,778
  8,523
  9,301
  10,113
  10,961
  11,847
  12,773
  13,742
  14,755
  15,816
  16,926
  18,088
  19,306
  20,581
  21,918
  23,318
  24,786
  26,325
  27,939
  29,631
  31,406
  33,267
  35,220
  37,269
Total liabilities, $m
  9,046
  9,629
  10,235
  10,866
  11,524
  12,209
  12,923
  13,668
  14,446
  15,258
  16,106
  16,992
  17,918
  18,887
  19,900
  20,961
  22,071
  23,233
  24,451
  25,726
  27,063
  28,463
  29,931
  31,470
  33,084
  34,776
  36,551
  38,412
  40,365
  42,414
Total equity, $m
  1,005
  1,070
  1,137
  1,207
  1,280
  1,357
  1,436
  1,519
  1,605
  1,695
  1,790
  1,888
  1,991
  2,099
  2,211
  2,329
  2,452
  2,581
  2,717
  2,858
  3,007
  3,163
  3,326
  3,497
  3,676
  3,864
  4,061
  4,268
  4,485
  4,713
Total liabilities and equity, $m
  10,051
  10,699
  11,372
  12,073
  12,804
  13,566
  14,359
  15,187
  16,051
  16,953
  17,896
  18,880
  19,909
  20,986
  22,111
  23,290
  24,523
  25,814
  27,168
  28,584
  30,070
  31,626
  33,257
  34,967
  36,760
  38,640
  40,612
  42,680
  44,850
  47,127
Debt-to-equity ratio
  3.880
  4.190
  4.480
  4.740
  4.980
  5.210
  5.420
  5.610
  5.790
  5.970
  6.120
  6.270
  6.420
  6.550
  6.670
  6.790
  6.900
  7.010
  7.110
  7.200
  7.290
  7.370
  7.450
  7.530
  7.600
  7.670
  7.730
  7.790
  7.850
  7.910
Adjusted equity ratio
  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
  2,688
  2,877
  3,065
  3,261
  3,465
  3,677
  3,899
  4,130
  4,371
  4,623
  5,206
  5,481
  5,768
  6,069
  6,383
  6,712
  7,057
  7,417
  7,795
  8,191
  8,606
  9,040
  9,496
  9,974
  10,474
  11,000
  11,551
  12,128
  12,734
  13,370
Depreciation, amort., depletion, $m
  539
  546
  552
  559
  567
  574
  582
  591
  599
  609
  180
  190
  201
  211
  223
  235
  247
  260
  274
  288
  303
  319
  335
  352
  370
  389
  409
  430
  452
  475
Funds from operations, $m
  3,227
  3,423
  3,618
  3,820
  4,032
  4,252
  4,481
  4,721
  4,971
  5,232
  5,386
  5,671
  5,969
  6,280
  6,606
  6,947
  7,304
  7,677
  8,069
  8,479
  8,909
  9,359
  9,831
  10,326
  10,845
  11,389
  11,960
  12,558
  13,186
  13,845
Change in working capital, $m
  -84
  -87
  -91
  -94
  -98
  -102
  -107
  -111
  -116
  -121
  -127
  -132
  -138
  -145
  -151
  -158
  -166
  -174
  -182
  -190
  -200
  -209
  -219
  -230
  -241
  -253
  -265
  -278
  -292
  -306
Cash from operations, $m
  3,310
  3,510
  3,708
  3,915
  4,130
  4,354
  4,588
  4,832
  5,087
  5,353
  5,513
  5,803
  6,107
  6,425
  6,757
  7,105
  7,469
  7,851
  8,251
  8,669
  9,108
  9,568
  10,050
  10,556
  11,086
  11,642
  12,225
  12,836
  13,478
  14,151
Maintenance CAPEX, $m
  -95
  -101
  -108
  -115
  -122
  -129
  -137
  -145
  -153
  -162
  -171
  -180
  -190
  -201
  -211
  -223
  -235
  -247
  -260
  -274
  -288
  -303
  -319
  -335
  -352
  -370
  -389
  -409
  -430
  -452
New CAPEX, $m
  -162
  -170
  -177
  -184
  -192
  -200
  -209
  -218
  -227
  -237
  -248
  -259
  -271
  -283
  -296
  -310
  -324
  -340
  -356
  -373
  -390
  -409
  -429
  -450
  -472
  -494
  -519
  -544
  -571
  -599
Cash from investing activities, $m
  -257
  -271
  -285
  -299
  -314
  -329
  -346
  -363
  -380
  -399
  -419
  -439
  -461
  -484
  -507
  -533
  -559
  -587
  -616
  -647
  -678
  -712
  -748
  -785
  -824
  -864
  -908
  -953
  -1,001
  -1,051
Free cash flow, $m
  3,053
  3,238
  3,423
  3,616
  3,816
  4,025
  4,243
  4,470
  4,706
  4,954
  5,094
  5,364
  5,646
  5,941
  6,250
  6,572
  6,910
  7,264
  7,635
  8,023
  8,430
  8,856
  9,303
  9,771
  10,262
  10,777
  11,317
  11,883
  12,477
  13,101
Issuance/(repayment) of debt, $m
  332
  583
  606
  631
  657
  685
  714
  745
  778
  812
  848
  886
  926
  969
  1,013
  1,061
  1,110
  1,162
  1,217
  1,275
  1,336
  1,401
  1,468
  1,539
  1,614
  1,692
  1,775
  1,862
  1,953
  2,049
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  332
  583
  606
  631
  657
  685
  714
  745
  778
  812
  848
  886
  926
  969
  1,013
  1,061
  1,110
  1,162
  1,217
  1,275
  1,336
  1,401
  1,468
  1,539
  1,614
  1,692
  1,775
  1,862
  1,953
  2,049
Total cash flow (excl. dividends), $m
  3,385
  3,821
  4,029
  4,247
  4,473
  4,710
  4,957
  5,215
  5,484
  5,766
  5,942
  6,250
  6,572
  6,910
  7,263
  7,633
  8,021
  8,427
  8,852
  9,298
  9,766
  10,256
  10,771
  11,310
  11,876
  12,469
  13,092
  13,745
  14,430
  15,149
Retained Cash Flow (-), $m
  -294
  -65
  -67
  -70
  -73
  -76
  -79
  -83
  -86
  -90
  -94
  -98
  -103
  -108
  -113
  -118
  -123
  -129
  -135
  -142
  -148
  -156
  -163
  -171
  -179
  -188
  -197
  -207
  -217
  -228
Prev. year cash balance distribution, $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 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
  3,091
  3,756
  3,962
  4,177
  4,400
  4,634
  4,877
  5,132
  5,398
  5,675
  5,848
  6,152
  6,469
  6,802
  7,150
  7,515
  7,897
  8,298
  8,717
  9,157
  9,618
  10,101
  10,608
  11,139
  11,696
  12,281
  12,894
  13,538
  14,213
  14,922
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
  2,964
  3,439
  3,448
  3,439
  3,411
  3,363
  3,295
  3,208
  3,101
  2,975
  2,777
  2,625
  2,460
  2,284
  2,099
  1,910
  1,718
  1,528
  1,342
  1,164
  995
  838
  695
  567
  455
  358
  277
  209
  155
  112
Current shareholders' claim on cash, %
  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
  100.0

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 26
Price to Sales 9.7
Price to Book 84.2
Price to Tangible Book
Price to Cash Flow 37.4
Price to Free Cash Flow 40.6
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 $6063 million for the last fiscal year's total revenue generated by S&P Global. The default revenue input number comes from 0001 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 6.6% 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 40.5%.

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 5.4% 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 40.9%.

Life of production assets of 26.1 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 -20.9%. 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 - $711 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 251.5 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 $53.2 billion.

RELATED COMPANIES Price Int.Val. Rating
MCO Moody's 176.91 42.76  str.sell
EFX Equifax 135.94 96.91  sell
MORN Morningstar 131.66 85.22  sell
DNB Dun&Bradstreet 144.79 54.29  str.sell
CME CME Group Cl A 171.84 131.24  sell
TRI Thomson Reuter 45.51 41.82  hold
INFO IHS Markit 54.44 41.62  sell

COMPANY NEWS

▶ Realogy Holdings Set to Join S&P MidCap 400   [Sep-13-18 05:58PM  PR Newswire]
▶ Is S&P Global Inc (NYSE:SPGI) Excessively Paying Its CEO?   [Aug-22-18 03:52PM  Simply Wall St.]
▶ iStar Set to Join S&P SmallCap 600   [Aug-21-18 06:02PM  PR Newswire]
▶ FiscalNote closes $180M acquisition of CQ Roll Call, plans to expand HQ   [10:27AM  American City Business Journals]
▶ Adient and Eldorado Resorts Set to Join S&P MidCap 400   [Aug-14-18 05:59PM  PR Newswire]
▶ Triumph Bancorp Set to Join S&P SmallCap 600   [Jul-31-18 06:04PM  PR Newswire]
▶ S&P Global: 2Q Earnings Snapshot   [07:43AM  Associated Press]
▶ S&P Global Reports Second Quarter Results   [07:07AM  PR Newswire]
▶ Bonanza Creek Energy Set to Join S&P SmallCap 600   [Jul-25-18 06:36PM  PR Newswire]
▶ Redwood Trust Set to Join S&P SmallCap 600   [Jul-19-18 06:02PM  PR Newswire]
▶ Exclusive: Gymboree unleashes new retail strategy after shedding $900 million in debt   [Jul-17-18 04:26PM  American City Business Journals]
▶ Visteon Set to Join S&P MidCap 400   [Jul-05-18 06:04PM  PR Newswire]
▶ Preferred Bank Set to Join S&P SmallCap 600   [Jun-29-18 05:41PM  PR Newswire]
▶ Heritage Financial Set to Join S&P SmallCap 600   [Jun-27-18 06:04PM  PR Newswire]
▶ S&P Global Declares Quarterly Dividend   [Jun-26-18 02:15PM  PR Newswire]
▶ With GE Gone, Its Time to Stop Covering the Dow Jones Index   [Jun-20-18 12:44PM  InvestorPlace]
▶ S&P Global to Acquire RateWatch   [09:23AM  PR Newswire]
▶ S&P Global Platts announces customized Jet Fuel service   [May-30-18 07:36AM  PR Newswire]

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