AEG

Aegon Ltd.

There isn't enough reported data to score AEG yet.

MS

Morgan Stanley

62
Fundamentals71/ 100
Valuation48/ 100
Upside potential73/ 100
Risk potential11/ 100

MS's fundamentals are strong: revenue grew 16% and earnings per share grew 29%. At 15x earnings, it's trading in line with its usual 14x. Analysts expect earnings growth.

AEG Fundamentals

MetricStatus
Unavailable
Healthy
N/A
N/A

AEG's profitability is currently healthy. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like AEG.

MS Fundamentals

MetricStatus
Healthy
Strong
N/A
N/A

MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.

AEG PE Valuation

AEG has no meaningful PE right now: it lost money over the past year.

MS PE Valuation

CHEAPFAIREXPENSIVE5.5x11x17x22x
CHEAPFAIREXPENSIVE5.5x11x17x22x
LevelPEPriceVs current
Cheap11x$134-29%
Fair14x$178-5.7%
Forward14x$189—
Current15x$189—
Expensive18x$223+18%

Historical ranges are pointers, not guarantees.

MS's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.

AEG Forward outlook

There aren't enough analyst estimates for AEG to show an outlook.

MS Forward outlook

MetricOutlook
Improving
Growth
Growth
Improving
Limited
Moderate

Analysts expect earnings and revenue growth for MS, with profitability improving.

AEG Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $8.60 on Nov 12.

There is not enough scenario data to compare AEG and MS's risk to reward.

MS Risk to reward

ScenarioChangePrice
Upside+29%$243.85
Downside-11%$168.44

Calculated from the latest close: $189.17 on Nov 12.

There is not enough scenario data to compare AEG and MS's risk to reward.

AEG Earnings Per Share

Q3 2022: $0.28Q4 2022: $-0.58Q1 2023: $-0.79Q2 2023: $-0.60Q3 2023: $-0.53Q4 2024: $0.42
Q3 2022: $0.28Q4 2022: $-0.58Q1 2023: $-0.79Q2 2023: $-0.60Q3 2023: $-0.53Q4 2024: $0.42
QuarterTTM EPSYoY
Q3 2023-$0.53-289%
Q2 2023-$0.60-282%
Q1 2023-$0.79-185%
Q4 2022-$0.58-160%
Q3 2022$0.28-56%
Q2 2022$0.33-34%
Q1 2022$0.93+$1.33
Q4 2021$0.97+1286%

MS has the stronger earnings trend. Trailing diluted EPS is down 28% for AEG versus MS up 29%.

MS Earnings Per Share

Q4 2023: $5.18Q1 2024: $5.50Q2 2024: $6.08Q3 2024: $6.58Q4 2024: $7.95Q1 2025: $8.53Q2 2025: $8.84Q3 2025: $9.76Q4 2025: $10.21Q1 2026: $11.04Q2 2026: $12.37Q3 2026: $12.60Forward: $13.39
Q4 2023: $5.18Q1 2024: $5.50Q2 2024: $6.08Q3 2024: $6.58Q4 2024: $7.95Q1 2025: $8.53Q2 2025: $8.84Q3 2025: $9.76Q4 2025: $10.21Q1 2026: $11.04Q2 2026: $12.37Q3 2026: $12.60Forward: $13.39
QuarterTTM EPSYoY
Forward$13.39+6.3%
Q3 2026$12.60+29%
Q2 2026$12.37+40%
Q1 2026$11.04+29%
Q4 2025$10.21+28%
Q3 2025$9.76+48%
Q2 2025$8.84+45%
Q1 2025$8.53+55%
Q4 2024$7.95+53%

MS's earnings per share have climbed steadily: $12.60 over the past year, up 29% from the year before, and higher year over year for 10 quarters in a row.

AEG Quarterly Revenue

Q3 2022: −$4.3BQ4 2022: $22.8BQ1 2023: $3.8BQ2 2023: $6.9BQ3 2023: $3.5BQ4 2023: $3.5BQ1 2024: $3.6BQ2 2024: $3.6BQ4 2024: --Q2 2025: $7.4BQ4 2025: $21.1BQ2 2026: $7.9B
Q3 2022: −$4.3BQ4 2022: $22.8BQ1 2023: $3.8BQ2 2023: $6.9BQ3 2023: $3.5BQ4 2023: $3.5BQ1 2024: $3.6BQ2 2024: $3.6BQ4 2024: --Q2 2025: $7.4BQ4 2025: $21.1BQ2 2026: $7.9B
QuarterRevenueYoY
Q2 2026$7.9B+6.9%
Q2 2025$7.4B+106%
Q2 2024$3.6B-48%
Q1 2024$3.6B-4.5%
Q4 2023$3.5B-85%
Q4 2022$22.8B+38%
Q4 2021$16.6B-37%
Q3 2021$7B-51%

AEG has the stronger quarterly revenue trend. Revenue is up 120% for AEG versus up 12% for MS.

MS Quarterly Revenue

Q4 2023: $12.9BQ1 2024: $15.1BQ2 2024: $15BQ3 2024: $15.4BQ4 2024: $16.2BQ1 2025: $17.7BQ2 2025: $16.8BQ3 2025: $18.2BQ4 2025: $17.9BQ1 2026: $20.6BQ2 2026: $21.3BQ3 2026: $20.3B
Q4 2023: $12.9BQ1 2024: $15.1BQ2 2024: $15BQ3 2024: $15.4BQ4 2024: $16.2BQ1 2025: $17.7BQ2 2025: $16.8BQ3 2025: $18.2BQ4 2025: $17.9BQ1 2026: $20.6BQ2 2026: $21.3BQ3 2026: $20.3B
QuarterRevenueYoY
Q3 2026$20.3B+12%
Q2 2026$21.3B+27%
Q1 2026$20.6B+16%
Q4 2025$17.9B+10%
Q3 2025$18.2B+18%
Q2 2025$16.8B+12%
Q1 2025$17.7B+17%
Q4 2024$16.2B+26%

MS's revenue has grown year over year for 14 quarters in a row: $20.3B last quarter, up 12% from the same quarter a year ago.

AEG Free Cash Flow

Q3 2022: $414MQ4 2022: $975MQ1 2023: $574MQ2 2023: $574MQ3 2023: −$130MQ4 2023: −$130MQ1 2024: $347MQ2 2024: $347MQ4 2024: $96MQ2 2025: −$224MQ4 2025: −$275MQ2 2026: $596M
Q3 2022: $414MQ4 2022: $975MQ1 2023: $574MQ2 2023: $574MQ3 2023: −$130MQ4 2023: −$130MQ1 2024: $347MQ2 2024: $347MQ4 2024: $96MQ2 2025: −$224MQ4 2025: −$275MQ2 2026: $596M
QuarterFree cash flowYoY
Q2 2026$595.9M+$820.3M
Q4 2025-$274.5M-387%
Q2 2025-$224.4M-165%
Q4 2024$95.5M+$225.5M
Q2 2024$347.2M-39%
Q1 2024$347.2M-39%
Q4 2023-$130M-113%
Q3 2023-$130M-131%

AEG has the stronger cash trend. Its trailing FCF is down 83% versus its history, compared with MS at down 492%.

MS Free Cash Flow

Q4 2023: −$17.8BQ1 2024: $4.4BQ2 2024: $2.5BQ3 2024: −$17.3BQ4 2024: $11.8BQ1 2025: −$24BQ2 2025: $11.8BQ3 2025: −$3.3BQ4 2025: −$2.4BQ1 2026: −$7.1BQ2 2026: −$2.7BQ3 2026: −$46B
Q4 2023: −$17.8BQ1 2024: $4.4BQ2 2024: $2.5BQ3 2024: −$17.3BQ4 2024: $11.8BQ1 2025: −$24BQ2 2025: $11.8BQ3 2025: −$3.3BQ4 2025: −$2.4BQ1 2026: −$7.1BQ2 2026: −$2.7BQ3 2026: −$46B
QuarterFree cash flowYoY
Q3 2026-$46B-$42.7B
Q2 2026-$2.7B-123%
Q1 2026-$7.1B+$16.9B
Q4 2025-$2.4B-120%
Q3 2025-$3.3B+$14B
Q2 2025$11.8B+368%
Q1 2025-$24B-650%
Q4 2024$11.8B+$29.6B

MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.

AEG Total Shares

Q3 2022: 2.6BQ4 2022: 2BQ1 2023: 1.9BQ2 2023: 2.2BQ3 2023: 1.8BQ1 2024: 1.7BQ2 2024: 1.7BQ4 2024: 1.6BQ2 2025: 1.6BQ4 2025: 1.5BQ2 2026: 1.6B
Q3 2022: 2.6BQ4 2022: 2BQ1 2023: 1.9BQ2 2023: 2.2BQ3 2023: 1.8BQ1 2024: 1.7BQ2 2024: 1.7BQ4 2024: 1.6BQ2 2025: 1.6BQ4 2025: 1.5BQ2 2026: 1.6B
PeriodChange %Net change
Quarterly+4%+60.7M shares
1 year-5.9%-99.3M shares
3 years-39%-991M shares
5 years-39%-1B shares
Available history-23%-481M shares

AEG has the edge over MS on shareholder dilution, with a more favorable share count trend.

MS Total Shares

Q4 2023: 1.6BQ1 2024: 1.6BQ2 2024: 1.6BQ3 2024: 1.6BQ4 2024: 1.6BQ1 2025: 1.6BQ2 2025: 1.6BQ3 2025: 1.6BQ4 2025: 1.6BQ1 2026: 1.6BQ2 2026: 1.6BQ3 2026: 1.6B
Q4 2023: 1.6BQ1 2024: 1.6BQ2 2024: 1.6BQ3 2024: 1.6BQ4 2024: 1.6BQ1 2025: 1.6BQ2 2025: 1.6BQ3 2025: 1.6BQ4 2025: 1.6BQ1 2026: 1.6BQ2 2026: 1.6BQ3 2026: 1.6B
PeriodChange %Net change
Quarterly-0.2%-3M shares
1 year-1.5%-24M shares
3 years-4.7%-77M shares
5 years-14%-246M shares
Available history-4.5%-74M shares

MS has 1.6B diluted shares, down 1.5% from a year ago.

AEG Net Leverage

Q3 2022: 2.3xQ4 2022: 8.5xQ4 2023: 4.9xQ1 2024: 0.2xQ2 2024: 0.1x
Q3 2022: 2.3xQ4 2022: 8.5xQ4 2023: 4.9xQ1 2024: 0.2xQ2 2024: 0.1x
QuarterNet LeverageStatus
Q2 20240.1xVery low
Q1 20240.2xVery low
Q4 20234.9xHigh
Q4 20228.5xHigh
Q3 20222.3xModerate
Q2 20222.3xModerate
Q1 20221.6xHealthy
Q4 20211.7xHealthy

AEG's net debt is less than a year of its operating earnings (EBITDA), down from 2.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like AEG.

MS Net Leverage

Q4 2023: 10.7xQ1 2024: 9.8xQ2 2024: 9.8xQ3 2024: 10.2xQ4 2024: 7.9xQ1 2025: 8.7xQ2 2025: 8.7xQ3 2025: 8.4xQ4 2025: 8.6xQ1 2026: 8.2xQ2 2026: 7.3xQ3 2026: 7.8x
Q4 2023: 10.7xQ1 2024: 9.8xQ2 2024: 9.8xQ3 2024: 10.2xQ4 2024: 7.9xQ1 2025: 8.7xQ2 2025: 8.7xQ3 2025: 8.4xQ4 2025: 8.6xQ1 2026: 8.2xQ2 2026: 7.3xQ3 2026: 7.8x
QuarterNet LeverageStatus
Q3 20267.8xHigh
Q2 20267.3xHigh
Q1 20268.2xHigh
Q4 20258.6xHigh
Q3 20258.4xHigh
Q2 20258.7xHigh
Q1 20258.7xHigh
Q4 20247.9xHigh

MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.

AEG Weekly Momentum

MetricValueStatus
RSI51.6Neutral
Stochastic21.4Neutral

AEG's weekly RSI is 52 (neutral) and its Stochastic is 21 (neutral).

MS Weekly Momentum

MetricValueStatus
RSI45.0Neutral
Stochastic18.7Oversold

MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).

AEG PE vs Financial Services Sector

AEG has no meaningful PE right now: it lost money over the past year.

MS PE vs Financial Services Sector

MetricMSSector medianRelative
PE15x13x15% above
PE %59634 pts below

MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.

AEG Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$8.382.6% above
20 week MA$8.832.6% below
50 week MA$8.214.8% above
100 week MA$7.5813% above
200 week MA$6.5831% above

AEG has the edge over MS on trend strength, trading above more of its moving averages.

MS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$186.51.5% above
20 week MA$203.36.9% below
50 week MA$191.91.4% below
100 week MA$164.915% above
200 week MA$129.346% above

MS's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.

AEG Yearly ROI

YearStart priceEnd priceROI
2020$4.55$3.80-16%
2021$3.80$4.93+30%
2022$4.93$5.14+4.3%
2023$5.14$5.76+12%
2024$5.76$5.84+1.4%
2025$5.84$7.70+32%
2026 YTD$7.70$8.60+12%

AEG has the edge over MS on returns for 2026, with the stronger performance.

MS Yearly ROI

YearStart priceEnd priceROI
2020$51.1$68.1+33%
2021$68.1$99.3+46%
2022$99.3$86.1-13%
2023$86.1$93.3+8.3%
2024$93.3$126.8+36%
2025$126.8$181.9+43%
2026 YTD$181.9$189.2+4%

MS has finished higher in five of the last six years. It's up 4% so far in 2026.

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