NasdaqGS:SNEX

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. More Details


Snowflake Analysis

Proven track record and fair value.


Similar Companies

Share Price & News

How has StoneX Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SNEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SNEX's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.0%

SNEX

-0.4%

US Capital Markets

-1.0%

US Market


1 Year Return

18.5%

SNEX

15.7%

US Capital Markets

19.6%

US Market

Return vs Industry: SNEX exceeded the US Capital Markets industry which returned 15.7% over the past year.

Return vs Market: SNEX underperformed the US Market which returned 19.6% over the past year.


Shareholder returns

SNEXIndustryMarket
7 Day-3.0%-0.4%-1.0%
30 Day6.7%7.3%2.3%
90 Day7.1%22.0%13.1%
1 Year18.5%18.5%18.6%15.7%22.3%19.6%
3 Year34.7%34.7%31.0%20.9%45.3%35.7%
5 Year120.3%120.3%145.6%114.8%124.8%99.8%

Long-Term Price Volatility Vs. Market

How volatile is StoneX Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is StoneX Group undervalued compared to its fair value and its price relative to the market?

6.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SNEX ($59.76) is trading above our estimate of fair value ($34.71)

Significantly Below Fair Value: SNEX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SNEX is good value based on its PE Ratio (6.8x) compared to the US Capital Markets industry average (27.1x).

PE vs Market: SNEX is good value based on its PE Ratio (6.8x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: SNEX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SNEX is good value based on its PB Ratio (1.5x) compared to the US Capital Markets industry average (5x).


Next Steps

Future Growth

How is StoneX Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNEX's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: SNEX's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: SNEX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if SNEX's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SNEX's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SNEX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has StoneX Group performed over the past 5 years?

23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNEX has a large one-off gain of $70.4M impacting its September 30 2020 financial results.

Growing Profit Margin: SNEX's current net profit margins (0.3%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: SNEX's earnings have grown significantly by 23.9% per year over the past 5 years.

Accelerating Growth: SNEX's earnings growth over the past year (98.1%) exceeds its 5-year average (23.9% per year).

Earnings vs Industry: SNEX earnings growth over the past year (98.1%) exceeded the Capital Markets industry 4.9%.


Return on Equity

High ROE: Whilst SNEX's Return on Equity (22.1%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is StoneX Group's financial position?


Financial Position Analysis

Short Term Liabilities: SNEX's short term assets ($13.1B) exceed its short term liabilities ($11.8B).

Long Term Liabilities: SNEX's short term assets ($13.1B) exceed its long term liabilities ($891.3M).


Debt to Equity History and Analysis

Debt Level: SNEX's debt to equity ratio (724.1%) is considered high.

Reducing Debt: SNEX's debt to equity ratio has increased from 290.7% to 724.1% over the past 5 years.

Debt Coverage: SNEX's debt is well covered by operating cash flow (35.1%).

Interest Coverage: Insufficient data to determine if SNEX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is StoneX Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SNEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SNEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SNEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SNEX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SNEX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Sean O'Connor (57 yo)

18.25yrs

Tenure

US$5,834,804

Compensation

Mr. Sean Michael O'Connor has been the Chief Executive Officer of StoneX Group Inc. since joining in October 2002 and its President since October 1, 2015. In December 2002, he was elected to the Board of D...


CEO Compensation Analysis

Compensation vs Market: Sean's total compensation ($USD5.83M) is above average for companies of similar size in the US market ($USD2.41M).

Compensation vs Earnings: Sean's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sean O'Connor
President18.25yrsUS$5.83m5.98%
$ 70.1m
William Dunaway
Chief Financial Officer11.25yrsUS$3.05m0.30%
$ 3.5m
Xuong Nguyen
Chief Operating Officer5.25yrsUS$3.24m0.26%
$ 3.1m
Philip Smith
Chief Executive Officer of Europe6yrsUS$3.35m0.68%
$ 7.9m
Charles Lyon
Executive Vice President – StoneX Financial Inc.no dataUS$3.35m0.24%
$ 2.8m
Aaron Schroeder
Chief Accounting Officer6.08yrsno data0.084%
$ 983.5k
Abigail Perkins
Chief Information Officer4yrsno datano data
Diego Rotsztain
Chief Governance & Legal Officer0.42yrno data0.0050%
$ 59.2k
Kent Coughlin
Director of Public Relationsno datano datano data
William Silverstein
Head of The Base Metals Businessno datano datano data
Michael Lau
Head of Debt Capital Markets Capability14.33yrsno datano data
Randal Tiu
Head of Foreign Exchange Trading Business - Hong Kong13.58yrsno datano data

6.1yrs

Average Tenure

49yo

Average Age

Experienced Management: SNEX's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sean O'Connor
President18.25yrsUS$5.83m5.98%
$ 70.1m
John Stanislas Radziwill
Independent Chairman of the Board8.92yrsUS$232.34k2.35%
$ 27.6m
John Fowler
Independent Non-Executive Director15.83yrsUS$201.84k0.31%
$ 3.6m
Scott Branch
Independent Non-Executive Director18.08yrsUS$153.13k4.33%
$ 50.8m
Bruce Krehbiel
Independent Non-Executive Director11.25yrsUS$197.54k0.14%
$ 1.7m
Eric Parthemore
Independent Non-Executive Director11.25yrsUS$203.33k0.093%
$ 1.1m
Annabelle Bexiga
Independent Director0.92yrno data0.0076%
$ 88.6k
Diane Cooper
Independent Non-Executive Director2.33yrsUS$170.69k0.018%
$ 214.8k
Steven Kass
Independent Non-Executive Director2.92yrsUS$197.54k0.038%
$ 444.2k

11.3yrs

Average Tenure

63yo

Average Age

Experienced Board: SNEX's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SNEX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

StoneX Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: StoneX Group Inc.
  • Ticker: SNEX
  • Exchange: NasdaqGS
  • Founded: 1924
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: US$1.172b
  • Shares outstanding: 19.61m
  • Website: https://www.stonex.com

Number of Employees


Location

  • StoneX Group Inc.
  • 155 East 44th Street
  • Suite 900
  • New York
  • New York
  • 10017
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNEXNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDFeb 1995
I4FDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 1995

Biography

StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its Commercial segment provides risk manageme...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 23:34
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.