Added to YB: 2026-05-12
Pitch date: 2026-05-08
SPGI [neutral]
S&P Global Inc.
+2.42%
current return
Author Info
No bio for this author
Company Info
S&P Global Inc., together with its subsidiaries, provides benchmarks, data, analytics, and workflow solutions in the global capital, energy and commodity, and automotive markets.
Market Cap
$118.6B
Pitch Price
$393.71
Price Target
N/A
Dividend
0.96%
EV/EBITDA
16.44
P/E
24.51
EV/Sales
8.40
Sector
Capital Markets
Category
growth
S&P Global Ratings: the price to pay for trust
SPGI (overview): Ratings segment earns 50%+ op margins selling standardized credit risk opinions to debt issuers. Regulated oligopoly (SPGI/Moody's/Fitch) w/ high pricing power, low marginal costs, strong cash conversion. Revenue mix: transactional (new issuances, cyclical) + non-transactional (surveillance fees, recurring). Cyclical but durable due to regulatory mandates & network effects. Key risk: regulatory framework change undermining oligopoly structure.
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