BVFL
BV Financial, Inc.
BVFL offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MS
Morgan Stanley
MS has a slight edge over BVFL overall, supported by stronger modeled upside and lower modeled downside.
BVFL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BVFL's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BVFL.
MS Fundamentals
| Metric | Status |
|---|---|
| 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.
BVFL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $20.61 | -2.1% |
| Current | 14x | $21.05 | — |
| Fair | 16x | $23.67 | +12% |
| Expensive | 19x | $28.33 | +35% |
Historical ranges are pointers, not guarantees.
BVFL has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $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.
BVFL Forward outlook
There aren't enough analyst estimates for BVFL to show an outlook.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
BVFL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.48 | +44% |
| Q1 2026 | $1.35 | +27% |
| Q4 2025 | $1.43 | +31% |
| Q3 2025 | $1.09 | 0% |
| Q2 2025 | $1.03 | -5.5% |
| Q1 2025 | $1.06 | -18% |
| Q4 2024 | $1.09 | -26% |
BVFL earned $1.48 per share over the past year, up 44% from the year before.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| 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 has the edge over BVFL on earnings, with more consistent year-over-year improvement.
BVFL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $10M | +1.4% |
| Q1 2026 | $9.6M | +5.1% |
| Q4 2025 | $10.5M | +9.2% |
| Q3 2025 | $10M | +0.4% |
| Q2 2025 | $9.9M | +3.8% |
| Q1 2025 | $9.2M | +7.4% |
| Q4 2024 | $9.7M | +0.5% |
| Q3 2024 | $10M | +2.5% |
BVFL's revenue has grown year over year for eight quarters in a row: $10M last quarter, up 1.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 47% | +7.4 points |
| Q1 2026 | 21% | -8.1 points |
| Q4 2025 | 67% | +38 points |
| Q3 2025 | 52% | -0.9 points |
| Q2 2025 | 40% | -9.8 points |
| Q1 2025 | 29% | -13 points |
| Q4 2024 | 29% | -12 points |
| Q3 2024 | 52% | +0.3 points |
BVFL has the edge over MS on profitability, with a higher operating margin.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 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 has the edge over BVFL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
BVFL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $4.3M | +68% |
| Q1 2026 | $3.7M | -13% |
| Q4 2025 | $3.6M | -8.8% |
| Q3 2025 | $8.4M | +41% |
| Q2 2025 | $2.6M | +78% |
| Q1 2025 | $4.2M | +2.1% |
| Q4 2024 | $3.9M | +13% |
| Q3 2024 | $6M | +$55.2M |
BVFL has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| 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.
BVFL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +96K shares |
| 1 year | -16% | -1.6M shares |
BVFL has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $4.6M |
| Q1 2026 | $2M |
| Q4 2025 | $12M |
| Q3 2025 | $12.8M |
| Q2 2025 | $4.3M |
| Q1 2025 | $981,000 |
BVFL spent $31M buying back its own shares over the past year.
MS Total Shares
| Period | Change % | 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.
BVFL Net Leverage
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
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.
BVFL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.3 | Neutral |
| Stochastic | 50.3 | Neutral |
BVFL's weekly RSI is 51 (neutral) and its Stochastic is 50 (neutral).
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
BVFL PE vs Financial Services Sector
| Metric | BVFL | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 8.5% above |
| PE % | 21 | 63 | 42 pts below |
BVFL has the edge over MS on valuation relative to its sector.
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
BVFL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.5 | 1.9% below |
| 20 week MA | $21.3 | 1.2% below |
| 50 week MA | $20.2 | 4.4% above |
| 100 week MA | $18.0 | 17% above |
| 200 week MA | $16.8 | 25% above |
BVFL has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 25% above its 200-week average.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
BVFL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.1 | $16.0 | -6.5% |
| 2021 | $16.0 | $20.5 | +28% |
| 2022 | $20.5 | $25.0 | +22% |
| 2023 | $25.0 | $14.2 | -43% |
| 2024 | $14.2 | $17.4 | +22% |
| 2025 | $17.4 | $18.3 | +5.3% |
| 2026 YTD | $18.3 | $21.1 | +15% |
BVFL has the edge over MS on returns for 2026, with the stronger performance.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 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.