HNNA
Hennessy Advisors, Inc.
There isn't enough reported data to score HNNA 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.
HNNA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
HNNA's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like HNNA.
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.
HNNA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $8.37 | -17% |
| Current | 9.6x | $10.03 | — |
| Fair | 9.8x | $10.31 | +2.7% |
| Expensive | 11x | $11.43 | +14% |
Historical ranges are pointers, not guarantees.
HNNA 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.
HNNA Forward outlook
There aren't enough analyst estimates for HNNA 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.
HNNA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.05 | -16% |
| Q1 2026 | $1.06 | -15% |
| Q4 2025 | $1.15 | +2.7% |
| Q3 2025 | $1.27 | +38% |
| Q2 2025 | $1.25 | +56% |
| Q1 2025 | $1.25 | +81% |
| Q4 2024 | $1.12 | +75% |
| Q3 2024 | $0.92 | +46% |
HNNA's earnings per share have fallen from their peak: $1.05 over the past year, against $1.42 in late 2019.
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 HNNA on earnings, with more consistent year-over-year improvement.
HNNA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $8.4M | +4.2% |
| Q1 2026 | $8.1M | -12% |
| Q4 2025 | $8.3M | -14% |
| Q3 2025 | $8.5M | -3.2% |
| Q2 2025 | $8.1M | +3.5% |
| Q1 2025 | $9.3M | +34% |
| Q4 2024 | $9.7M | +58% |
| Q3 2024 | $8.8M | +40% |
HNNA's revenue has slid since its 2019 peak: $8M last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 35% | -0.6 points |
| Q1 2026 | 32% | -5.1 points |
| Q4 2025 | 31% | -8.2 points |
| Q3 2025 | 35% | +2 points |
| Q2 2025 | 35% | +2.2 points |
| Q1 2025 | 37% | +9.6 points |
| Q4 2024 | 39% | +16 points |
| Q3 2024 | 33% | +5.4 points |
HNNA 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 HNNA on sales, with more consistent year-over-year improvement.
| 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.
HNNA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.7M | -6% |
| Q1 2026 | $2.2M | -39% |
| Q4 2025 | $601K | -72% |
| Q3 2025 | $3.6M | +8.6% |
| Q2 2025 | $3.9M | +14% |
| Q1 2025 | $3.7M | +103% |
| Q4 2024 | $2.1M | +472% |
| Q3 2024 | $3.3M | +37% |
HNNA 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.
HNNA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +36.4K shares |
| 1 year | +1% | +77.5K shares |
| 3 years | +5.7% | +433K shares |
| 5 years | +8.2% | +606K shares |
| Available history | +3.4% | +267K shares |
HNNA has 8M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | $1,000 |
| Q2 2020 | — |
| Q1 2020 | $2M |
| Q4 2019 | $685,000 |
| Q3 2019 | $734,000 |
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 HNNA on shareholder dilution, with a more favorable share count trend.
HNNA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -2.9x | Net Cash |
| Q4 2025 | -2.6x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.3x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -2.2x | Net Cash |
| Q3 2024 | -2.7x | Net Cash |
HNNA has the edge over MS on leverage, with a lower net debt burden relative to earnings.
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.
HNNA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.4 | Neutral |
| Stochastic | 34.1 | Neutral |
HNNA's weekly RSI is 47 (neutral) and its Stochastic is 34 (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).
HNNA PE vs Financial Services Sector
| Metric | HNNA | Sector median | Relative |
|---|---|---|---|
| PE | 9.6x | 13x | 27% below |
| PE % | 40 | 63 | 23 pts below |
HNNA 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.
HNNA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 1.7% below |
| 20 week MA | $10.1 | 0.8% below |
| 50 week MA | $10.0 | 0.3% above |
| 100 week MA | $10.6 | 5.3% below |
| 200 week MA | $9.22 | 8.8% above |
HNNA's trend is mixed: it's above two of its five weekly moving averages, and 8.8% 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 has the edge over HNNA on trend strength, trading above more of its moving averages.
HNNA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.3 | $8.71 | -16% |
| 2021 | $8.71 | $11.2 | +29% |
| 2022 | $11.2 | $8.36 | -25% |
| 2023 | $8.36 | $6.71 | -20% |
| 2024 | $6.71 | $11.6 | +73% |
| 2025 | $11.6 | $9.46 | -19% |
| 2026 YTD | $9.46 | $10.0 | +6% |
HNNA 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.