PIPER SANDLER COS (PIPR)
US7240781002 - Common Stock
Overall PIPR gets a fundamental rating of 5 out of 10. We evaluated PIPR against 212 industry peers in the Capital Markets industry. Both the profitability and the financial health of PIPR get a neutral evaluation. Nothing too spectacular is happening here. PIPR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PIPR had positive earnings in the past year.
PIPR had a positive operating cash flow in the past year.
In the past 5 years PIPR has always been profitable.
PIPR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
PIPR's Return On Assets of 3.99% is in line compared to the rest of the industry. PIPR outperforms 53.81% of its industry peers.
PIPR has a Return On Equity of 7.88%. This is comparable to the rest of the industry: PIPR outperforms 42.86% of its industry peers.
The Return On Invested Capital of PIPR (6.88%) is better than 71.90% of its industry peers.
PIPR had an Average Return On Invested Capital over the past 3 years of 12.76%. This is in line with the industry average of 10.89%.
The last Return On Invested Capital (6.88%) for PIPR is well below the 3 year average (12.76%), which needs to be investigated, but indicates that PIPR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.99% | ||
| ROE | 7.88% | ||
| ROIC | 6.88% |
ROA(3y)6.64%
ROA(5y)5.71%
ROE(3y)14.87%
ROE(5y)12.83%
ROIC(3y)12.76%
ROIC(5y)10.34%
1.3 Margins
The Profit Margin of PIPR (6.29%) is worse than 66.19% of its industry peers.
PIPR's Profit Margin has been stable in the last couple of years.
PIPR has a worse Operating Margin (9.60%) than 78.10% of its industry peers.
In the last couple of years the Operating Margin of PIPR has remained more or less at the same level.
PIPR's Gross Margin of 97.78% is amongst the best of the industry. PIPR outperforms 95.24% of its industry peers.
PIPR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.6% | ||
| PM (TTM) | 6.29% | ||
| GM | 97.78% |
OM growth 3Y14.88%
OM growth 5Y-0.89%
PM growth 3Y24.87%
PM growth 5Y-0.94%
GM growth 3Y0.15%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
The number of shares outstanding for PIPR has been increased compared to 1 year ago.
PIPR has more shares outstanding than it did 5 years ago.
PIPR has a better debt/assets ratio than last year.
2.2 Solvency
PIPR has an Altman-Z score of 3.17. This indicates that PIPR is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.17, PIPR is doing good in the industry, outperforming 77.14% of the companies in the same industry.
The Debt to FCF ratio of PIPR is 0.67, which is an excellent value as it means it would take PIPR, only 0.67 years of fcf income to pay off all of its debts.
PIPR's Debt to FCF ratio of 0.67 is amongst the best of the industry. PIPR outperforms 87.62% of its industry peers.
PIPR has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
PIPR has a Debt to Equity ratio of 0.16. This is in the better half of the industry: PIPR outperforms 79.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 0.67 | ||
| Altman-Z | 3.17 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PIPR has a Current Ratio of 0.77. This is a bad value and indicates that PIPR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of PIPR (0.77) is worse than 62.86% of its industry peers.
A Quick Ratio of 0.77 indicates that PIPR may have some problems paying its short term obligations.
The Quick ratio of PIPR (0.77) is worse than 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
PIPR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.53%.
The Earnings Per Share has been growing by 8.55% on average over the past years. This is quite good.
The Revenue has decreased by -5.37% in the past year.
PIPR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.39% yearly.
EPS 1Y (TTM)-17.53%
EPS 3Y-2.36%
EPS 5Y8.55%
EPS growth Q2Q21.02%
Revenue 1Y (TTM)-5.37%
Revenue growth 3Y2.73%
Revenue growth 5Y12.39%
Revenue growth Q2Q20.56%
3.2 Future
PIPR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.50% yearly.
The Revenue is expected to grow by 14.53% on average over the next years. This is quite good.
EPS Next Y29.72%
EPS Next 2Y30.41%
EPS Next 3Y23.5%
EPS Next 5YN/A
Revenue Next Year24.05%
Revenue Next 2Y20.1%
Revenue Next 3Y14.53%
Revenue Next 5YN/A
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.80, the valuation of PIPR can be described as rather expensive.
65.71% of the companies in the same industry are cheaper than PIPR, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PIPR to the average of the S&P500 Index (28.83), we can say PIPR is valued slightly cheaper.
With a Price/Forward Earnings ratio of 17.58, PIPR is valued on the expensive side.
PIPR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.47. PIPR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.8 | ||
| Fwd PE | 17.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PIPR is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PIPR is valued a bit cheaper than the industry average as 65.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.1 | ||
| EV/EBITDA | 20.22 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PIPR's earnings are expected to grow with 23.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)2.67
EPS Next 2Y30.41%
EPS Next 3Y23.5%
5. Dividend
5.1 Amount
PIPR has a Yearly Dividend Yield of 1.13%.
Compared to an average industry Dividend Yield of 7.00, PIPR is paying slightly less dividend.
With a Dividend Yield of 1.13, PIPR pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
On average, the dividend of PIPR grows each year by 9.92%, which is quite nice.
PIPR has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)9.92%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PIPR pays out 98.78% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PIPR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP98.78%
EPS Next 2Y30.41%
EPS Next 3Y23.5%
PIPER SANDLER COS
NYSE:PIPR (5/16/2024, 7:11:01 PM)
After market: 211.38 0 (0%)211.38
-1.61 (-0.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.75B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.8 | ||
| Fwd PE | 17.58 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.77
PEG (5Y)2.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.99% | ||
| ROE | 7.88% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.6% | ||
| PM (TTM) | 6.29% | ||
| GM | 97.78% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-17.53%
EPS 3Y-2.36%
EPS 5Y
EPS growth Q2Q
EPS Next Y29.72%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.37%
Revenue growth 3Y2.73%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y