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JPMORGAN CHASE & CO (JPM) Stock Fundamental Analysis

NYSE:JPM - New York Stock Exchange, Inc. - US46625H1005 - Common Stock - Currency: USD

296.8  +5.37 (+1.84%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to JPM. JPM was compared to 396 industry peers in the Banks industry. JPM has a medium profitability rating, but doesn't score so well on its financial health evaluation. JPM is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year JPM was profitable.
JPM had a negative operating cash flow in the past year.
In the past 5 years JPM has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: JPM reported negative operating cash flow in multiple years.
JPM Yearly Net Income VS EBIT VS OCF VS FCFJPM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B

1.2 Ratios

With an excellent Return On Assets value of 1.34%, JPM belongs to the best of the industry, outperforming 84.60% of the companies in the same industry.
JPM has a better Return On Equity (16.57%) than 95.20% of its industry peers.
Industry RankSector Rank
ROA 1.34%
ROE 16.57%
ROIC N/A
ROA(3y)1.21%
ROA(5y)1.14%
ROE(3y)14.45%
ROE(5y)13.79%
ROIC(3y)N/A
ROIC(5y)N/A
JPM Yearly ROA, ROE, ROICJPM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

The Profit Margin of JPM (32.19%) is better than 86.87% of its industry peers.
In the last couple of years the Profit Margin of JPM has remained more or less at the same level.
The Operating Margin and Gross Margin are not available for JPM so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 32.19%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.73%
PM growth 5Y1.36%
GM growth 3YN/A
GM growth 5YN/A
JPM Yearly Profit, Operating, Gross MarginsJPM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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1

2. Health

2.1 Basic Checks

JPM does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, JPM has less shares outstanding
The number of shares outstanding for JPM has been reduced compared to 5 years ago.
Compared to 1 year ago, JPM has a worse debt to assets ratio.
JPM Yearly Shares OutstandingJPM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
JPM Yearly Total Debt VS Total AssetsJPM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1T 2T 3T 4T

2.2 Solvency

JPM has a Debt/Equity ratio of 2.79. This is a high value indicating a heavy dependency on external financing.
JPM's Debt to Equity ratio of 2.79 is on the low side compared to the rest of the industry. JPM is outperformed by 93.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.79
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC10.73%
JPM Yearly LT Debt VS Equity VS FCFJPM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100B 200B 300B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
JPM Yearly Current Assets VS Current LiabilitesJPM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 17.30% over the past year.
Measured over the past years, JPM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.43% on average per year.
The Revenue has been growing slightly by 2.97% in the past year.
The Revenue has been growing by 8.94% on average over the past years. This is quite good.
EPS 1Y (TTM)17.3%
EPS 3Y5.01%
EPS 5Y11.43%
EPS Q2Q%16.43%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y13.43%
Revenue growth 5Y8.94%
Sales Q2Q%-11.92%

3.2 Future

Based on estimates for the next years, JPM will show a small growth in Earnings Per Share. The EPS will grow by 4.18% on average per year.
Based on estimates for the next years, JPM will show a small growth in Revenue. The Revenue will grow by 0.63% on average per year.
EPS Next Y4.02%
EPS Next 2Y5.29%
EPS Next 3Y6.57%
EPS Next 5Y4.18%
Revenue Next Year-0.69%
Revenue Next 2Y0.92%
Revenue Next 3Y1.9%
Revenue Next 5Y0.63%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
JPM Yearly Revenue VS EstimatesJPM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 50B 100B 150B 200B
JPM Yearly EPS VS EstimatesJPM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5 10 15 20 25

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 15.58, which indicates a correct valuation of JPM.
Based on the Price/Earnings ratio, JPM is valued a bit more expensive than the industry average as 66.92% of the companies are valued more cheaply.
JPM is valuated rather cheaply when we compare the Price/Earnings ratio to 27.53, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.97, JPM is valued correctly.
72.47% of the companies in the same industry are cheaper than JPM, based on the Price/Forward Earnings ratio.
JPM is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.71, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.58
Fwd PE 14.97
JPM Price Earnings VS Forward Price EarningsJPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
JPM Per share dataJPM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates JPM does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.88
PEG (5Y)1.36
EPS Next 2Y5.29%
EPS Next 3Y6.57%

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5

5. Dividend

5.1 Amount

JPM has a Yearly Dividend Yield of 1.92%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.29, JPM is paying slightly less dividend.
JPM's Dividend Yield is comparable with the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 1.92%

5.2 History

On average, the dividend of JPM grows each year by 6.07%, which is quite nice.
JPM has been paying a dividend for at least 10 years, so it has a reliable track record.
JPM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.07%
Div Incr Years14
Div Non Decr Years14
JPM Yearly Dividends per shareJPM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

25.95% of the earnings are spent on dividend by JPM. This is a low number and sustainable payout ratio.
JPM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP25.95%
EPS Next 2Y5.29%
EPS Next 3Y6.57%
JPM Yearly Income VS Free CF VS DividendJPM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B
JPM Dividend Payout.JPM Dividend Payout, showing the Payout Ratio.JPM Dividend Payout.PayoutRetained Earnings

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JPMORGAN CHASE & CO

NYSE:JPM (7/23/2025, 3:52:08 PM)

296.8

+5.37 (+1.84%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-15 2025-07-15/bmo
Earnings (Next)10-14 2025-10-14/bmo
Inst Owners73.85%
Inst Owner Change2.43%
Ins Owners0.38%
Ins Owner Change0.68%
Market Cap824.83B
Analysts72.67
Price Target303.96 (2.41%)
Short Float %0.91%
Short Ratio2.95
Dividend
Industry RankSector Rank
Dividend Yield 1.92%
Yearly Dividend5.21
Dividend Growth(5Y)6.07%
DP25.95%
Div Incr Years14
Div Non Decr Years14
Ex-Date07-03 2025-07-03 (1.4)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.64%
Min EPS beat(2)5.36%
Max EPS beat(2)15.92%
EPS beat(4)4
Avg EPS beat(4)7.49%
Min EPS beat(4)0.74%
Max EPS beat(4)15.92%
EPS beat(8)7
Avg EPS beat(8)7.93%
EPS beat(12)10
Avg EPS beat(12)9.5%
EPS beat(16)14
Avg EPS beat(16)10.34%
Revenue beat(2)2
Avg Revenue beat(2)3.53%
Min Revenue beat(2)3.28%
Max Revenue beat(2)3.77%
Revenue beat(4)4
Avg Revenue beat(4)2.83%
Min Revenue beat(4)1.23%
Max Revenue beat(4)3.77%
Revenue beat(8)7
Avg Revenue beat(8)2.6%
Revenue beat(12)9
Avg Revenue beat(12)1.79%
Revenue beat(16)10
Avg Revenue beat(16)1.02%
PT rev (1m)10.48%
PT rev (3m)12.2%
EPS NQ rev (1m)1.28%
EPS NQ rev (3m)0.73%
EPS NY rev (1m)0.48%
EPS NY rev (3m)0.84%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.66%
Valuation
Industry RankSector Rank
PE 15.58
Fwd PE 14.97
P/S 4.56
P/FCF N/A
P/OCF N/A
P/B 2.35
P/tB 2.88
EV/EBITDA N/A
EPS(TTM)19.05
EY6.42%
EPS(NY)19.82
Fwd EY6.68%
FCF(TTM)-50.27
FCFYN/A
OCF(TTM)-50.27
OCFYN/A
SpS65.1
BVpS126.45
TBVpS103.23
PEG (NY)3.88
PEG (5Y)1.36
Profitability
Industry RankSector Rank
ROA 1.34%
ROE 16.57%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 32.19%
GM N/A
FCFM N/A
ROA(3y)1.21%
ROA(5y)1.14%
ROE(3y)14.45%
ROE(5y)13.79%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.73%
PM growth 5Y1.36%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 2.79
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC10.73%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.3%
EPS 3Y5.01%
EPS 5Y11.43%
EPS Q2Q%16.43%
EPS Next Y4.02%
EPS Next 2Y5.29%
EPS Next 3Y6.57%
EPS Next 5Y4.18%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y13.43%
Revenue growth 5Y8.94%
Sales Q2Q%-11.92%
Revenue Next Year-0.69%
Revenue Next 2Y0.92%
Revenue Next 3Y1.9%
Revenue Next 5Y0.63%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-469.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-469.61%
OCF growth 3YN/A
OCF growth 5YN/A