NYSE:JMP

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States.


Snowflake Analysis

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: JMP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.2%

JMP

2.2%

US Capital Markets

1.9%

US Market


1 Year Return

-22.3%

JMP

8.0%

US Capital Markets

16.4%

US Market

Return vs Industry: JMP underperformed the US Capital Markets industry which returned 6.8% over the past year.

Return vs Market: JMP underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

JMPIndustryMarket
7 Day5.2%2.2%1.9%
30 Day6.4%1.3%4.5%
90 Day7.2%14.5%17.6%
1 Year-20.4%-22.3%10.2%8.0%18.9%16.4%
3 Year-39.0%-47.1%26.1%18.5%44.1%34.8%
5 Year-49.2%-61.7%58.1%42.8%75.3%56.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate JMP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate JMP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: JMP is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: JMP is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JMP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JMP is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (9.3x).


Next Steps

Future Growth

How is JMP Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

148.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JMP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: JMP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JMP's is expected to become profitable in the next 3 years.

Revenue vs Market: JMP's revenue (26.5% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: JMP's revenue (26.5% per year) 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 JMP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has JMP Group performed over the past 5 years?

-43.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JMP is currently unprofitable.

Growing Profit Margin: JMP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JMP is unprofitable, and losses have increased over the past 5 years at a rate of 43.3% per year.

Accelerating Growth: Unable to compare JMP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JMP is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (13.5%).


Return on Equity

High ROE: JMP has a negative Return on Equity (-38.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is JMP Group's financial position?


Financial Position Analysis

Short Term Liabilities: JMP's short term assets ($109.7M) exceed its short term liabilities ($18.8M).

Long Term Liabilities: JMP's short term assets ($109.7M) do not cover its long term liabilities ($132.4M).


Debt to Equity History and Analysis

Debt Level: JMP's debt to equity ratio (120.4%) is considered high.

Reducing Debt: JMP's debt to equity ratio has reduced from 657.3% to 120.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable JMP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: JMP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.5% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate JMP'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 JMP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: JMP is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JMP'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?

3.3yrs

Average management tenure


CEO

Joe Jolson (61 yo)

20.92yrs

Tenure

US$621,056

Compensation

Mr. Joseph Andrew Jolson, also known as Joe, is Chairman of the board and Chief Executive Officer at Harvest Capital Credit Corporation. He also is Chief Executive Officer, Portfolio Manager and Member of ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD621.06K) is about average for companies of similar size in the US market ($USD593.36K).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Jolson
Chairman & CEO20.92yrsUS$621.06k34.15%
$ 18.9m
Mark Lehmann
Director16yrsUS$821.79k3.76%
$ 2.1m
Raymond Jackson
Chief Financial Officer10.42yrsUS$1.06m0.51%
$ 282.7k
Mercedes Broening
Chief Information Officer & MDno datano datano data
Andrew Palmer
Director of Investor Relationsno datano datano data
Walter Conroy
Chief Legal Officer & Corporate Secretary4.33yrsno datano data
Thomas Wright
MD & Director of Equities - JMP Securities7.58yrsUS$1.12m2.12%
$ 1.2m
Ezequiel Navar
Managing Director of Investment Banking Division2.25yrsno datano data
Dave Schechner
MD of Healthcare Investment Banking Group1.33yrsno datano data
Elgin Thompson
Managing Director of Technology Investment Banking Group1.08yrsno datano data
Raj Dayalan
Managing Director of Internet & Software Expertise1.58yrsno datano data
Reni Benjamin
MD & Senior Research Analyst1yrno datano data

3.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: JMP's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Jolson
Chairman & CEO20.92yrsUS$621.06k34.15%
$ 18.9m
Mark Lehmann
Director16yrsUS$821.79k3.76%
$ 2.1m
Craig Johnson
Vice Chairman9.58yrsUS$1.32m6.71%
$ 3.7m
Carter Mack
Director16yrsUS$796.80k6.99%
$ 3.9m
Jonathan Orszag
Independent Director9.42yrsUS$59.34k0.85%
$ 469.3k
H. Lunenburg
Independent Director11.42yrsUS$69.23k0.99%
$ 551.3k
Glenn Tongue
Independent Director13yrsUS$79.12k1.07%
$ 594.7k
David DiPietro
Independent Director9.67yrsUS$59.34k0.60%
$ 334.7k
Kenneth Karmin
Independent Lead Director10.08yrsUS$89.01k1.23%
$ 683.1k

11.4yrs

Average Tenure

60yo

Average Age

Experienced Board: JMP's board of directors are seasoned and experienced ( 11.4 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

JMP Group LLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JMP Group LLC
  • Ticker: JMP
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: US$55.451m
  • Shares outstanding: 19.59m
  • Website: https://www.jmpg.com

Number of Employees


Location

  • JMP Group LLC
  • 600 Montgomery Street
  • Suite 1100
  • San Francisco
  • California
  • 94111
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JMPNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2007

Biography

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 23:57
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.