RAYMOND JAMES FINANCIAL INC (RJF) Stock Fundamental Analysis
NYSE:RJF - US7547301090 - Common Stock
167.95 USD
-0.01 (-0.01%)
167.95 USD
0 (0%)
RJF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. There are concerns on the financial health of RJF while its profitability can be described as average. RJF has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
RJF had positive earnings in the past year.
In the past year RJF had a positive cash flow from operations.
Each year in the past 5 years RJF has been profitable.
RJF had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
RJF has a Return On Assets (2.51%) which is in line with its industry peers.
RJF's Return On Equity of 17.33% is amongst the best of the industry. RJF outperforms 84.03% of its industry peers.
With a Return On Invested Capital value of 2.89%, RJF is not doing good in the industry: 62.18% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for RJF is below the industry average of 7.60%.
The 3 year average ROIC (2.70%) for RJF is below the current ROIC(2.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 17.33% | ||
| ROIC | 2.89% |
ROA(3y)2.18%
ROA(5y)2.11%
ROE(3y)16.81%
ROE(5y)15.79%
ROIC(3y)2.7%
ROIC(5y)2.83%
1.3 Margins
RJF has a Profit Margin (13.51%) which is in line with its industry peers.
In the last couple of years the Profit Margin of RJF has remained more or less at the same level.
The Operating Margin of RJF (17.70%) is worse than 60.50% of its industry peers.
In the last couple of years the Operating Margin of RJF has remained more or less at the same level.
With an excellent Gross Margin value of 85.42%, RJF belongs to the best of the industry, outperforming 89.08% of the companies in the same industry.
RJF's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.7% | ||
| PM (TTM) | 13.51% | ||
| GM | 85.42% |
OM growth 3Y-1.98%
OM growth 5Y0.99%
PM growth 3Y-0.85%
PM growth 5Y1.41%
GM growth 3Y-4.48%
GM growth 5Y-2.34%
2. Health
2.1 Basic Checks
The number of shares outstanding for RJF has been reduced compared to 1 year ago.
Compared to 5 years ago, RJF has more shares outstanding
The debt/assets ratio for RJF has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.07, we must say that RJF is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of RJF (0.07) is worse than 71.85% of its industry peers.
The Debt to FCF ratio of RJF is 31.23, which is on the high side as it means it would take RJF, 31.23 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 31.23, RJF is in line with its industry, outperforming 45.38% of the companies in the same industry.
RJF has a Debt/Equity ratio of 4.98. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 4.98, RJF is doing worse than 84.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.98 | ||
| Debt/FCF | 31.23 | ||
| Altman-Z | 0.07 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.26 indicates that RJF may have some problems paying its short term obligations.
RJF has a worse Current ratio (0.26) than 84.03% of its industry peers.
A Quick Ratio of 0.26 indicates that RJF may have some problems paying its short term obligations.
RJF has a worse Quick ratio (0.26) than 84.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.54% over the past year.
Measured over the past years, RJF shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.29% on average per year.
The Revenue has grown by 8.94% in the past year. This is quite good.
The Revenue has been growing by 13.21% on average over the past years. This is quite good.
EPS 1Y (TTM)13.54%
EPS 3Y12.53%
EPS 5Y15.29%
EPS Q2Q%-8.79%
Revenue 1Y (TTM)8.94%
Revenue growth 3Y14.62%
Revenue growth 5Y13.21%
Sales Q2Q%5.27%
3.2 Future
The Earnings Per Share is expected to grow by 9.90% on average over the next years. This is quite good.
RJF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.41% yearly.
EPS Next Y3.36%
EPS Next 2Y8.03%
EPS Next 3Y8.88%
EPS Next 5Y9.9%
Revenue Next Year9.87%
Revenue Next 2Y8.98%
Revenue Next 3Y8.44%
Revenue Next 5Y8.41%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.03, which indicates a correct valuation of RJF.
Compared to the rest of the industry, the Price/Earnings ratio of RJF is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.08, RJF is valued a bit cheaper.
With a Price/Forward Earnings ratio of 14.32, RJF is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RJF is on the same level as its industry peers.
RJF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.03 | ||
| Fwd PE | 14.32 |
4.2 Price Multiples
89.50% of the companies in the same industry are more expensive than RJF, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RJF indicates a somewhat cheap valuation: RJF is cheaper than 61.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.14 | ||
| EV/EBITDA | 9.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)4.77
PEG (5Y)1.05
EPS Next 2Y8.03%
EPS Next 3Y8.88%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.23%, RJF has a reasonable but not impressive dividend return.
RJF's Dividend Yield is slightly below the industry average, which is at 7.99.
Compared to an average S&P500 Dividend Yield of 2.34, RJF's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
5.2 History
The dividend of RJF is nicely growing with an annual growth rate of 6.69%!
RJF has paid a dividend for at least 10 years, which is a reliable track record.
RJF has decreased its dividend recently.
Dividend Growth(5Y)6.69%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
RJF pays out 19.25% of its income as dividend. This is a sustainable payout ratio.
RJF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.25%
EPS Next 2Y8.03%
EPS Next 3Y8.88%
167.95
-0.01 (-0.01%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners79.17%
Inst Owner Change-1.31%
Ins Owners0.52%
Ins Owner Change-0.06%
Market Cap33.49B
Analysts71.11
Price Target180.26 (7.33%)
Short Float %4.26%
Short Ratio7.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
Yearly Dividend1.86
Dividend Growth(5Y)6.69%
DP19.25%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.13%
Min EPS beat(2)-8.41%
Max EPS beat(2)-1.85%
EPS beat(4)2
Avg EPS beat(4)4.68%
Min EPS beat(4)-8.41%
Max EPS beat(4)21.01%
EPS beat(8)4
Avg EPS beat(8)2.19%
EPS beat(12)5
Avg EPS beat(12)-0.42%
EPS beat(16)7
Avg EPS beat(16)1.47%
Revenue beat(2)0
Avg Revenue beat(2)-0.9%
Min Revenue beat(2)-1.59%
Max Revenue beat(2)-0.21%
Revenue beat(4)2
Avg Revenue beat(4)0.58%
Min Revenue beat(4)-1.59%
Max Revenue beat(4)3.25%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)5
Avg Revenue beat(12)0.64%
Revenue beat(16)9
Avg Revenue beat(16)1.51%
PT rev (1m)2.42%
PT rev (3m)11.15%
EPS NQ rev (1m)0.21%
EPS NQ rev (3m)-5.95%
EPS NY rev (1m)-1%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)2.61%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.03 | ||
| Fwd PE | 14.32 | ||
| P/S | 2.13 | ||
| P/FCF | 17.14 | ||
| P/OCF | 15.59 | ||
| P/B | 2.73 | ||
| P/tB | 3.22 | ||
| EV/EBITDA | 9.14 |
EPS(TTM)10.48
EY6.24%
EPS(NY)11.73
Fwd EY6.98%
FCF(TTM)9.8
FCFY5.84%
OCF(TTM)10.77
OCFY6.41%
SpS78.87
BVpS61.49
TBVpS52.16
PEG (NY)4.77
PEG (5Y)1.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 17.33% | ||
| ROCE | 17.1% | ||
| ROIC | 2.89% | ||
| ROICexc | 3.3% | ||
| ROICexgc | 3.43% | ||
| OM | 17.7% | ||
| PM (TTM) | 13.51% | ||
| GM | 85.42% | ||
| FCFM | 12.43% |
ROA(3y)2.18%
ROA(5y)2.11%
ROE(3y)16.81%
ROE(5y)15.79%
ROIC(3y)2.7%
ROIC(5y)2.83%
ROICexc(3y)3.1%
ROICexc(5y)3.29%
ROICexgc(3y)3.24%
ROICexgc(5y)3.43%
ROCE(3y)16.29%
ROCE(5y)15.56%
ROICexcg growth 3Y-5.07%
ROICexcg growth 5Y-2.05%
ROICexc growth 3Y-5.21%
ROICexc growth 5Y-2.1%
OM growth 3Y-1.98%
OM growth 5Y0.99%
PM growth 3Y-0.85%
PM growth 5Y1.41%
GM growth 3Y-4.48%
GM growth 5Y-2.34%
F-Score8
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.98 | ||
| Debt/FCF | 31.23 | ||
| Debt/EBITDA | 20.52 | ||
| Cap/Depr | 102.11% | ||
| Cap/Sales | 1.23% | ||
| Interest Coverage | 1.44 | ||
| Cash Conversion | 72.23% | ||
| Profit Quality | 91.95% | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | 0.07 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)94.04%
Cap/Depr(5y)88.31%
Cap/Sales(3y)1.17%
Cap/Sales(5y)1.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.54%
EPS 3Y12.53%
EPS 5Y15.29%
EPS Q2Q%-8.79%
EPS Next Y3.36%
EPS Next 2Y8.03%
EPS Next 3Y8.88%
EPS Next 5Y9.9%
Revenue 1Y (TTM)8.94%
Revenue growth 3Y14.62%
Revenue growth 5Y13.21%
Sales Q2Q%5.27%
Revenue Next Year9.87%
Revenue Next 2Y8.98%
Revenue Next 3Y8.44%
Revenue Next 5Y8.41%
EBIT growth 1Y8.79%
EBIT growth 3Y12.35%
EBIT growth 5Y14.33%
EBIT Next Year-15.86%
EBIT Next 3Y-0.6%
EBIT Next 5Y4%
FCF growth 1Y122.75%
FCF growth 3Y-33.31%
FCF growth 5Y34.75%
OCF growth 1Y125.43%
OCF growth 3Y-31.3%
OCF growth 5Y30.15%