An independent two-stage DCF analysis by a frontier AI model.
" data-astro-cid-3j3wgl3w> S&P Global is an incredible compounder. Revenue grew from $8.3B in 2021 to $15.3B in 2025. With robust recurring revenue from indices and Market Intelligence, pricing power ensures that inflationary costs can be passed on seamlessly. 10% cash flow growth models continued synergies and organic expansion without being overly aggressive.
" data-astro-cid-3j3wgl3w> S&P Global is an incredible compounder. Revenue grew from $8.3B in 2021 to $15.3B in 2025. With robust recurring revenue from indices and Market Intelligence, pricing power ensures that inflationary costs can be passed on seamlessly. 10% cash flow growth models continued synergies and organic expansion without being overly aggressive.
" data-astro-cid-3j3wgl3w> S&P Global is an incredible compounder. Revenue grew from $8.3B in 2021 to $15.3B in 2025. With robust recurring revenue from indices and Market Intelligence, pricing power ensures that inflationary costs can be passed on seamlessly. 10% cash flow growth models continued synergies and organic expansion without being overly aggressive.
Intrinsic value per share under varying discount rate and terminal growth rate assumptions.
| WACC ↓ / Terminal → | 8.0% | 8.5% | 9.0% | 9.5% | 10.0% |
|---|---|---|---|---|---|
| 8.0% | $15.30 | $15.30 | $15.30 | $15.30 | $15.30 |
| 8.5% | $15.30 | $15.30 | $15.30 | $15.30 | $15.30 |
| 9.0% | $15.30 | $15.30 | $15.30 | $15.30 | $15.30 |
| 9.5% | $15.30 | $15.30 | $15.30 | $15.30 | $15.30 |
| 10.0% | $15.30 | $15.30 | $15.30 | $15.30 | $15.30 |
■ Undervalued vs current price ■ Overvalued vs current price
S&P Global demonstrates exceptional moat durability stemming from its entrenched position in credit ratings and financial benchmarks. The company benefits from high switching costs and formidable regulatory barriers, providing strong pricing power. Key growth drivers include its transition towards analytics, mobility data, and recurring revenue models following the IHS Markit merger.
SPGI continues to post steady top-line growth driven by robust non-transactional revenues and strong pricing power. Its strategic acquisitions have accelerated product velocity and expanded market share in analytics and commodities.
The company's economic moat is extremely wide and durable, built on high switching costs, network effects in its index business, and a near-impenetrable regulatory position in credit ratings.
Investor sentiment remains strongly positive, supported by stellar margins, reliable share repurchases, and the successful realization of synergies from recent mega-mergers.
Westmount Research. "S&P Global (SPGI) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 18, 2026. Compiled by Gemini 3.1.
Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.