STIFEL FINANCIAL CORP (SF)
US8606301021 - Common Stock
SF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 221 industry peers in the Capital Markets industry. While SF is still in line with the averages on profitability rating, there are concerns on its financial health. SF has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SF had positive earnings in the past year.
SF had a positive operating cash flow in the past year.
In the past 5 years SF has always been profitable.
In the past 5 years SF always reported a positive cash flow from operatings.
1.2 Ratios
SF has a Return On Assets of 1.38%. This is in the lower half of the industry: SF underperforms 62.21% of its industry peers.
With a Return On Equity value of 9.67%, SF perfoms like the industry average, outperforming 53.46% of the companies in the same industry.
SF's Return On Invested Capital of 3.68% is in line compared to the rest of the industry. SF outperforms 41.47% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SF is significantly below the industry average of 17.62%.
The last Return On Invested Capital (3.68%) for SF is above the 3 year average (2.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 9.67% | ||
| ROIC | 3.68% |
ROA(3y)1.76%
ROA(5y)1.77%
ROE(3y)12.19%
ROE(5y)11.95%
ROIC(3y)2.77%
ROIC(5y)2.66%
1.3 Margins
SF has a Profit Margin of 9.43%. This is in the lower half of the industry: SF underperforms 64.98% of its industry peers.
SF's Profit Margin has declined in the last couple of years.
SF has a Operating Margin of 31.18%. This is comparable to the rest of the industry: SF outperforms 52.07% of its industry peers.
In the last couple of years the Operating Margin of SF has grown nicely.
With an excellent Gross Margin value of 98.92%, SF belongs to the best of the industry, outperforming 97.70% of the companies in the same industry.
In the last couple of years the Gross Margin of SF has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.18% | ||
| PM (TTM) | 9.43% | ||
| GM | 98.92% |
OM growth 3Y16.12%
OM growth 5Y5.93%
PM growth 3Y-8.98%
PM growth 5Y-4.82%
GM growth 3Y0.11%
GM growth 5Y0.04%
2. Health
2.1 Basic Checks
The number of shares outstanding for SF has been reduced compared to 1 year ago.
Compared to 5 years ago, SF has less shares outstanding
SF has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of -0.26, we must say that SF is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.26, SF is doing worse than 86.64% of the companies in the same industry.
SF has a debt to FCF ratio of 861.82. This is a negative value and a sign of low solvency as SF would need 861.82 years to pay back of all of its debts.
SF has a Debt to FCF ratio of 861.82. This is in the lower half of the industry: SF underperforms 66.36% of its industry peers.
A Debt/Equity ratio of 5.47 is on the high side and indicates that SF has dependencies on debt financing.
SF's Debt to Equity ratio of 5.47 is on the low side compared to the rest of the industry. SF is outperformed by 87.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.47 | ||
| Debt/FCF | 861.82 | ||
| Altman-Z | -0.26 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.12 indicates that SF may have some problems paying its short term obligations.
The Current ratio of SF (0.12) is worse than 94.01% of its industry peers.
SF has a Quick Ratio of 0.12. This is a bad value and indicates that SF is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SF (0.12) is worse than 94.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 |
3. Growth
3.1 Past
SF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.12%.
SF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.79% yearly.
SF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.32%.
SF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.06% yearly.
EPS 1Y (TTM)-5.12%
EPS 3Y0.99%
EPS 5Y5.79%
EPS Q2Q%33.33%
Revenue 1Y (TTM)14.32%
Revenue growth 3Y10.56%
Revenue growth 5Y10.06%
Sales Q2Q%15.91%
3.2 Future
SF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.82% yearly.
Based on estimates for the next years, SF will show a small growth in Revenue. The Revenue will grow by 5.85% on average per year.
EPS Next Y43.29%
EPS Next 2Y29.7%
EPS Next 3Y25.12%
EPS Next 5Y12.82%
Revenue Next Year13.54%
Revenue Next 2Y10.92%
Revenue Next 3Y9.95%
Revenue Next 5Y5.85%
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.
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
Based on the Price/Earnings ratio of 18.31, the valuation of SF can be described as rather expensive.
SF's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 30.97, SF is valued a bit cheaper.
SF is valuated correctly with a Price/Forward Earnings ratio of 12.02.
The rest of the industry has a similar Price/Forward Earnings ratio as SF.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.29, SF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 12.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SF is valued cheaply inside the industry as 94.01% of the companies are valued more expensively.
66.36% of the companies in the same industry are cheaper than SF, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 284.13 | ||
| EV/EBITDA | 4.57 |
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.
SF's earnings are expected to grow with 25.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)3.16
EPS Next 2Y29.7%
EPS Next 3Y25.12%
5. Dividend
5.1 Amount
SF has a Yearly Dividend Yield of 1.77%.
Compared to an average industry Dividend Yield of 8.99, SF is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.22, SF is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
5.2 History
The dividend of SF is nicely growing with an annual growth rate of 36.13%!
SF has been paying a dividend for at least 10 years, so it has a reliable track record.
As SF did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)36.13%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
41.31% of the earnings are spent on dividend by SF. This is a bit on the high side, but may be sustainable.
The dividend of SF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP41.31%
EPS Next 2Y29.7%
EPS Next 3Y25.12%
STIFEL FINANCIAL CORP
NYSE:SF (10/8/2024, 8:23:11 PM)
After market: 95.02 0 (0%)95.02
-0.73 (-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 Cap9.74B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 18.31 | ||
| Fwd PE | 12.02 | ||
| 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)0.42
PEG (5Y)3.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 9.67% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.18% | ||
| PM (TTM) | 9.43% | ||
| GM | 98.92% | ||
| 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 Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.47 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-5.12%
EPS 3Y0.99%
EPS 5Y
EPS Q2Q%
EPS Next Y43.29%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.32%
Revenue growth 3Y10.56%
Revenue growth 5Y
Sales 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