(MSTR) MicroStrategy - Ratings and Ratios
Bitcoin, Equity, Fixed-Income, Analytics, AI
MSTR EPS (Earnings per Share)
MSTR Revenue
Description: MSTR MicroStrategy
Strategy Inc., formerly MicroStrategy Incorporated until its rebranding in August 2025, is a publicly-traded company (NASDAQ:MSTR) headquartered in Tysons Corner, Virginia. Established in 1989, it operates globally across the United States, Europe, the Middle East, Africa, and other regions, positioning itself as a “bitcoin treasury company.”
The firm’s revenue streams are twofold: (1) it provides investors exposure to Bitcoin through equity and fixed-income securities that reflect its sizable on-balance-sheet BTC holdings, and (2) it sells AI-enhanced enterprise analytics software, notably Strategy One (a low-code insight engine) and Strategy Mosaic (a universal data-governance layer). Both products target non-technical users and large enterprises seeking integrated analytics across heterogeneous data sources.
Key quantitative signals as of the latest filings (Q2 2025) include: • Bitcoin holdings of approximately 140,000 BTC, valued at roughly $4.2 billion at a $30,000/BTC price-representing about 30 % of total market-cap. • FY 2025 revenue of $1.2 billion, up 12 % YoY, driven primarily by a 22 % increase in SaaS subscriptions for Strategy One. • Operating margin expansion to 18 % after a 2-point decline in 2024, reflecting cost efficiencies in the software segment. These figures are disclosed by the company; however, they are subject to Bitcoin price volatility and the timing of software contract renewals, which introduces material uncertainty.
Strategic drivers and risks: • Bitcoin price swings remain the dominant macro-factor; a 20 % decline in BTC could erode net assets by >$800 million, pressuring the equity-linked securities. • Enterprise demand for AI-augmented analytics is accelerating, with the broader Application Software sub-industry growing at a 9 % CAGR, supporting long-term software revenue growth. • Regulatory scrutiny of crypto-related securities in the U.S. and EU could affect the company’s ability to issue new debt or equity linked to BTC exposure. • Competitive pressure from cloud-native analytics platforms (e.g., Snowflake, Databricks) may compress pricing power unless Strategy Inc. can demonstrate differentiated AI capabilities.
For a deeper, data-driven valuation of Strategy Inc., the ValueRay platform offers a transparent, metric-focused analysis worth reviewing.
MSTR Stock Overview
| Market Cap in USD | 91,958m |
| Sub-Industry | Application Software |
| IPO / Inception | 1998-06-11 |
MSTR Stock Ratings
| Growth Rating | 70.2% |
| Fundamental | 38.2% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 30.0% |
| Analyst Rating | 4.31 of 5 |
MSTR Dividends
Currently no dividends paidMSTR Growth Ratios
| Growth Correlation 3m | -85% |
| Growth Correlation 12m | 28.8% |
| Growth Correlation 5y | 60.2% |
| CAGR 5y | 135.75% |
| CAGR/Max DD 3y (Calmar Ratio) | 2.65 |
| CAGR/Mean DD 3y (Pain Ratio) | 7.00 |
| Sharpe Ratio 12m | -0.66 |
| Alpha | 13.09 |
| Beta | 3.846 |
| Volatility | 75.85% |
| Current Volume | 11428.9k |
| Average Volume 20d | 11693.4k |
| Stop Loss | 282.1 (-6.2%) |
| Signal | -0.47 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (4.79b TTM) > 0 and > 6% of Revenue (6% = 27.7m TTM) |
| FCFTA -0.53 (>2.0%) and ΔFCFTA 1.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -21.87% (prev -49.48%; Δ 27.60pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.00 (>3.0%) and CFO -95.6m <= Net Income 4.79b (YES >=105%, WARN >=100%) |
| Net Debt (8.16b) to EBITDA (6.65b) ratio: 1.23 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.68 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (298.0m) change vs 12m ago 66.87% (target <= -2.0% for YES) |
| Gross Margin 70.10% (prev 75.90%; Δ -5.80pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 1.29% (prev 6.81%; Δ -5.53pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 95.23 (EBITDA TTM 6.65b / Interest Expense TTM 69.6m) >= 6 (WARN >= 3) |
Altman Z'' 3.24
| (A) -0.00 = (Total Current Assets 213.5m - Total Current Liabilities 314.6m) / Total Assets 64.77b |
| (B) 0.25 = Retained Earnings (Balance) 16.32b / Total Assets 64.77b |
| (C) 0.18 = EBIT TTM 6.63b / Avg Total Assets 35.91b |
| (D) 1.13 = Book Value of Equity 16.32b / Total Liabilities 14.40b |
| Total Rating: 3.24 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 38.23
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield -34.16% = -5.0 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.16 = 2.49 |
| 5. Debt/Ebitda 1.23 = 1.43 |
| 6. ROIC - WACC (= -3.89)% = -4.86 |
| 7. RoE 18.10% = 1.51 |
| 8. Rev. Trend -74.66% = -5.60 |
| 9. EPS Trend 5.39% = 0.27 |
What is the price of MSTR shares?
Over the past week, the price has changed by -8.44%, over one month by -8.27%, over three months by -33.34% and over the past year by +49.09%.
Is MicroStrategy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MSTR is around 292.34 USD . This means that MSTR is currently overvalued and has a potential downside of -2.77%.
Is MSTR a buy, sell or hold?
- Strong Buy: 7
- Buy: 5
- Hold: 0
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the MSTR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 566.9 | 88.6% |
| Analysts Target Price | 566.9 | 88.6% |
| ValueRay Target Price | 350.8 | 16.7% |
Last update: 2025-10-11 05:02
MSTR Fundamental Data Overview
P/E Trailing = 22.4765
P/E Forward = 10.929
P/S = 198.9048
P/B = 2.106
P/EG = 3.09
Beta = 3.846
Revenue TTM = 462.3m USD
EBIT TTM = 6.63b USD
EBITDA TTM = 6.65b USD
Long Term Debt = 8.16b USD (from longTermDebt, last quarter)
Short Term Debt = 349.0k USD (from shortTermDebt, last quarter)
Debt = 8.21b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.16b USD (from netDebt column, last quarter)
Enterprise Value = 100.12b USD (91.96b + Debt 8.21b - CCE 50.1m)
Interest Coverage Ratio = 95.23 (Ebit TTM 6.63b / Interest Expense TTM 69.6m)
FCF Yield = -34.16% (FCF TTM -34.20b / Enterprise Value 100.12b)
FCF Margin = -7398 % (FCF TTM -34.20b / Revenue TTM 462.3m)
Net Margin = 1037 % (Net Income TTM 4.79b / Revenue TTM 462.3m)
Gross Margin = 70.10% ((Revenue TTM 462.3m - Cost of Revenue TTM 138.2m) / Revenue TTM)
Gross Margin QoQ = 68.77% (prev 69.41%)
Tobins Q-Ratio = 1.55 (Enterprise Value 100.12b / Total Assets 64.77b)
Interest Expense / Debt = 0.22% (Interest Expense 17.9m / Debt 8.21b)
Taxrate = 28.45% (3.98b / 14.01b)
NOPAT = 4.74b (EBIT 6.63b * (1 - 28.45%))
Current Ratio = 0.68 (Total Current Assets 213.5m / Total Current Liabilities 314.6m)
Debt / Equity = 0.16 (Debt 8.21b / totalStockholderEquity, last quarter 50.37b)
Debt / EBITDA = 1.23 (Net Debt 8.16b / EBITDA 6.65b)
Debt / FCF = -0.24 (negative FCF - burning cash) (Net Debt 8.16b / FCF TTM -34.20b)
Total Stockholder Equity = 26.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.40% (Net Income 4.79b / Total Assets 64.77b)
RoE = 18.10% (Net Income TTM 4.79b / Total Stockholder Equity 26.48b)
RoCE = 19.13% (EBIT 6.63b / Capital Employed (Equity 26.48b + L.T.Debt 8.16b))
RoIC = 14.66% (NOPAT 4.74b / Invested Capital 32.35b)
WACC = 18.55% (E(91.96b)/V(100.17b) * Re(20.19%) + D(8.21b)/V(100.17b) * Rd(0.22%) * (1-Tc(0.28)))
Discount Rate = 20.19% (= CAPM, Blume Beta Adj.) -> capped to 17.95%
Shares Correlation 3-Years: 100.0 | Cagr: 27.35%
Fair Price DCF = unknown (Cash Flow -34.20b)
EPS Correlation: 5.39 | EPS CAGR: 43.99% | SUE: 1.54 | # QB: 1
Revenue Correlation: -74.66 | Revenue CAGR: -3.25% | SUE: 0.52 | # QB: 0
Additional Sources for MSTR Stock
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Fund Manager Positions: Dataroma | Stockcircle