STIFEL FINANCIAL CORP (SF) Stock Fundamental Analysis
NYSE:SF - New York Stock Exchange, Inc. - US8606301021 - Common Stock - Currency: USD
SF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 225 industry peers in the Capital Markets industry. SF has a medium profitability rating, but doesn't score so well on its financial health evaluation. SF has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SF was profitable.
SF had a positive operating cash flow in the past year.
SF had positive earnings in each of the past 5 years.
Of the past 5 years SF 4 years had a positive operating cash flow.
1.2 Ratios
SF has a Return On Assets (1.57%) which is comparable to the rest of the industry.
SF has a Return On Equity (11.02%) which is comparable to the rest of the industry.
The Return On Invested Capital of SF (3.98%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 11.02% | ||
| ROIC | 3.98% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SF has a Profit Margin of 10.66%. This is in the lower half of the industry: SF underperforms 60.27% of its industry peers.
SF's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 32.44%, SF perfoms like the industry average, outperforming 56.16% of the companies in the same industry.
SF's Operating Margin has improved in the last couple of years.
The Gross Margin of SF (98.93%) is better than 97.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.44% | ||
| PM (TTM) | 10.66% | ||
| GM | 98.93% |
OM growth 3Y11.3%
OM growth 5Y7.74%
PM growth 3Y-10.93%
PM growth 5Y-1%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
There is no outstanding debt for SF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of -0.27, 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 -0.27, SF is doing worse than 82.19% of the companies in the same industry.
The Debt to FCF ratio of SF is 18317.50, which is on the high side as it means it would take SF, 18317.50 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 18317.50, SF is not doing good in the industry: 63.01% of the companies in the same industry are doing better.
A Debt/Equity ratio of 5.44 is on the high side and indicates that SF has dependencies on debt financing.
SF has a Debt to Equity ratio of 5.44. This is amonst the worse of the industry: SF underperforms 86.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.44 | ||
| Debt/FCF | 18317.5 | ||
| Altman-Z | -0.27 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
SF has a Current Ratio of 0.10. This is a bad value and indicates that SF is not financially healthy enough and could expect problems in meeting its short term obligations.
SF has a Current ratio of 0.10. This is amonst the worse of the industry: SF underperforms 93.61% of its industry peers.
A Quick Ratio of 0.10 indicates that SF may have some problems paying its short term obligations.
The Quick ratio of SF (0.10) is worse than 93.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
SF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.11%, which is quite impressive.
Measured over the past years, SF shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.86% on average per year.
The Revenue has grown by 15.36% in the past year. This is quite good.
SF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.11% yearly.
EPS 1Y (TTM)45.11%
EPS 3Y-1.24%
EPS 5Y10.86%
EPS Q2Q%48.67%
Revenue 1Y (TTM)15.36%
Revenue growth 3Y7.56%
Revenue growth 5Y11.11%
Sales Q2Q%19.04%
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 8.15% yearly.
Based on estimates for the next years, SF will show a small growth in Revenue. The Revenue will grow by 4.89% on average per year.
EPS Next Y23.02%
EPS Next 2Y18.74%
EPS Next 3Y16.15%
EPS Next 5Y8.15%
Revenue Next Year13.01%
Revenue Next 2Y11.06%
Revenue Next 3Y9.64%
Revenue Next 5Y4.89%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.24, which indicates a correct valuation of SF.
The rest of the industry has a similar Price/Earnings ratio as SF.
SF is valuated rather cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.38 indicates a correct valuation of SF.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SF is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SF to the average of the S&P500 Index (22.68), we can say SF is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.24 | ||
| Fwd PE | 12.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SF is valued cheaper than 93.61% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SF is valued a bit more expensive than 63.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6434.22 | ||
| EV/EBITDA | 4.97 |
4.3 Compensation for Growth
SF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SF's earnings are expected to grow with 16.15% in the coming years.
PEG (NY)0.66
PEG (5Y)1.4
EPS Next 2Y18.74%
EPS Next 3Y16.15%
5. Dividend
5.1 Amount
SF has a Yearly Dividend Yield of 1.69%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 10.00, SF is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.29, SF is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
5.2 History
On average, the dividend of SF grows each year by 36.13%, which is quite nice.
SF has paid a dividend for at least 10 years, which is 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 Years7
Div Non Decr Years7
5.3 Sustainability
SF pays out 36.14% of its income as dividend. This is a sustainable payout ratio.
SF's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP36.14%
EPS Next 2Y18.74%
EPS Next 3Y16.15%
103.91
-3.29 (-3.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners86.85%
Inst Owner Change0.34%
Ins Owners3.39%
Ins Owner Change-3.82%
Market Cap10.62B
Analysts74.12
Price Target121.53 (16.96%)
Short Float %1.22%
Short Ratio1.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
Yearly Dividend1.94
Dividend Growth(5Y)36.13%
DP36.14%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.24%
Min EPS beat(2)-9.13%
Max EPS beat(2)0.66%
EPS beat(4)2
Avg EPS beat(4)0.33%
Min EPS beat(4)-9.13%
Max EPS beat(4)11.04%
EPS beat(8)2
Avg EPS beat(8)-9.82%
EPS beat(12)3
Avg EPS beat(12)-8.05%
EPS beat(16)7
Avg EPS beat(16)-2.52%
Revenue beat(2)0
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-0.84%
Max Revenue beat(2)-0.25%
Revenue beat(4)1
Avg Revenue beat(4)0.43%
Min Revenue beat(4)-0.84%
Max Revenue beat(4)3.56%
Revenue beat(8)3
Avg Revenue beat(8)0.8%
Revenue beat(12)4
Avg Revenue beat(12)-0.17%
Revenue beat(16)8
Avg Revenue beat(16)1.14%
PT rev (1m)3.6%
PT rev (3m)17%
EPS NQ rev (1m)1.01%
EPS NQ rev (3m)1.09%
EPS NY rev (1m)4.97%
EPS NY rev (3m)4.89%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-0.52%
Revenue NY rev (1m)2.54%
Revenue NY rev (3m)3.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.24 | ||
| Fwd PE | 12.38 | ||
| P/S | 1.85 | ||
| P/FCF | 6434.22 | ||
| P/OCF | 149.56 | ||
| P/B | 1.91 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 4.97 |
EPS(TTM)6.82
EY6.56%
EPS(NY)8.39
Fwd EY8.07%
FCF(TTM)0.02
FCFY0.02%
OCF(TTM)0.69
OCFY0.67%
SpS56.27
BVpS54.39
TBVpS39.6
PEG (NY)0.66
PEG (5Y)1.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 11.02% | ||
| ROCE | 29.92% | ||
| ROIC | 3.98% | ||
| ROICexc | 4.21% | ||
| ROICexgc | 4.57% | ||
| OM | 32.44% | ||
| PM (TTM) | 10.66% | ||
| GM | 98.93% | ||
| FCFM | 0.03% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y11.3%
OM growth 5Y7.74%
PM growth 3Y-10.93%
PM growth 5Y-1%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.44 | ||
| Debt/FCF | 18317.5 | ||
| Debt/EBITDA | 15.46 | ||
| Cap/Depr | 77.33% | ||
| Cap/Sales | 1.21% | ||
| Interest Coverage | 1.85 | ||
| Cash Conversion | 3.63% | ||
| Profit Quality | 0.27% | ||
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | -0.27 |
F-Score7
WACCN/A
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)45.11%
EPS 3Y-1.24%
EPS 5Y10.86%
EPS Q2Q%48.67%
EPS Next Y23.02%
EPS Next 2Y18.74%
EPS Next 3Y16.15%
EPS Next 5Y8.15%
Revenue 1Y (TTM)15.36%
Revenue growth 3Y7.56%
Revenue growth 5Y11.11%
Sales Q2Q%19.04%
Revenue Next Year13.01%
Revenue Next 2Y11.06%
Revenue Next 3Y9.64%
Revenue Next 5Y4.89%
EBIT growth 1Y31.74%
EBIT growth 3Y19.72%
EBIT growth 5Y19.71%
EBIT Next Year-12.57%
EBIT Next 3Y1.63%
EBIT Next 5Y2.66%
FCF growth 1Y-99.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-93.44%
OCF growth 3YN/A
OCF growth 5YN/A