CNF
CNFinance Holdings Limited
There isn't enough reported data to score CNF yet.
MS
Morgan Stanley
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.
CNF Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| N/A | |
| N/A |
CNF's profitability is currently weak. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like CNF.
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.
CNF PE Valuation
CNF has no meaningful PE right now: it lost money over the past year.
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.
CNF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect CNF's revenue to grow, but its earnings to decline.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over CNF on the outlook, with more favorable earnings and profitability expectations.
CNF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | -$0.05 | -225% |
| Q4 2024 | $0.04 | -76% |
| Q4 2023 | $0.17 | +31% |
| Q4 2022 | $0.13 | +63% |
| Q4 2021 | $0.08 | -33% |
| Q4 2020 | $0.12 | -78% |
| Q4 2019 | $0.54 | -42% |
| Q4 2018 | $0.93 | -96% |
CNF has swung to a loss: it lost $0.05 per share over the past year, after a profit 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 CNF in the latest year-over-year earnings comparison.
CNF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $16.8M | -84% |
| Q4 2024 | $106.4M | -31% |
| Q4 2023 | $153.9M | +201% |
| Q4 2022 | $51.2M | -66% |
| Q4 2021 | $151.1M | -9.6% |
| Q4 2020 | $167.1M | -38% |
| Q4 2019 | $268.4M | -23% |
| Q4 2018 | $350.9M | +118% |
CNF's revenue has slid since its 2018 peak: $17M last quarter, down 82% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -164% | N/A |
| Q4 2024 | -56% | -66 points |
| Q4 2023 | -37% | -52 points |
| Q4 2021 | 9.3% | -15 points |
| Q4 2020 | 15% | -6.5 points |
| Q4 2019 | 40% | +16 points |
| Q4 2018 | 50% | +23 points |
| Q4 2017 | 24% | N/A |
CNF's operating margin was −164% last quarter, down 178 points from the same quarter a year ago, near the bottom of its range since 2017.
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 CNF in the latest year-over-year revenue comparison.
| 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.
CNF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $12.1M | -89% |
| Q4 2024 | $112.4M | -53% |
| Q4 2023 | $238.8M | +$258.7M |
| Q4 2022 | -$19.9M | -119% |
| Q4 2021 | $102.9M | -39% |
| Q4 2020 | $167.5M | -14% |
| Q4 2019 | $194.3M | -1.8% |
| Q4 2018 | $197.8M | +$197.8M |
CNF's free cash flow was $343M over the past year, down 44% from the year before. Free cash flow isn't a meaningful measure for financial services companies like CNF.
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.
CNF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +969% | +1.2B shares |
| 1 year | +812% | +1.2B shares |
| 3 years | +43731% | +1.4B shares |
CNF has 1.4B diluted shares, up 812% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $267,453 |
| Q4 2024 | $686,629 |
| Q4 2023 | $4.6M |
| Q4 2017 | — |
| Q3 2017 | — |
| Q2 2017 | — |
| Q1 2017 | — |
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 the edge over CNF on shareholder dilution, with a more favorable share count trend.
CNF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2021 | 59.5x | High |
| Q4 2017 | 17.7x | High |
CNF's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like CNF.
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.
CNF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.2 | Neutral |
| Stochastic | 52.3 | Neutral |
CNF's weekly RSI is 34 (neutral) and its Stochastic is 52 (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).
CNF PE vs Financial Services Sector
CNF has no meaningful PE right now: it lost money over the past year.
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.
CNF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.93 | 3.1% below |
| 20 week MA | $2.16 | 13% below |
| 50 week MA | $3.50 | 47% below |
| 100 week MA | $5.29 | 65% below |
| 200 week MA | $13.3 | 86% below |
CNF is in a downtrend: it's below all five of its weekly moving averages, and 86% below 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 has the edge over CNF on trend strength, trading above more of its moving averages.
CNF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.2 | $37.0 | -26% |
| 2021 | $37.0 | $29.9 | -19% |
| 2022 | $29.9 | $17.4 | -42% |
| 2023 | $17.4 | $22.2 | +28% |
| 2024 | $22.2 | $9.40 | -58% |
| 2025 | $9.40 | $6.24 | -34% |
| 2026 YTD | $6.24 | $1.87 | -70% |
CNF has finished lower in five of the last six years. It's down 70% so far in 2026.
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 the edge over CNF on returns for 2026, with the stronger performance.