NYSE:JMP

Stock Analysis Report

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.

Rewards

Revenue is forecast to grow 11.2% per year

Risk Analysis

Earnings have declined by -44.29% per year over past 5 years

Dividend of 5.3% is not well covered by earnings

Does not have a meaningful market cap ($60M)



Snowflake Analysis

Second-rate dividend payer and overvalued.


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

-6.8%

JMP

0.5%

US Capital Markets

-0.3%

US Market


1 Year Return

-34.2%

JMP

20.1%

US Capital Markets

18.6%

US Market

Return vs Industry: JMP underperformed the US Capital Markets industry which returned 20.1% over the past year.

Return vs Market: JMP underperformed the US Market which returned 18.6% over the past year.


Shareholder returns

JMPIndustryMarket
7 Day-6.8%0.5%-0.3%
30 Day-7.9%5.4%2.2%
90 Day-14.4%7.6%5.6%
1 Year-30.7%-34.2%22.4%20.1%21.1%18.6%
3 Year-42.1%-51.8%39.5%31.6%45.6%36.2%
5 Year-43.3%-58.8%84.0%66.9%71.1%52.2%

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?

0.81x

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 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 (0.8x) compared to the US Capital Markets industry average (6.3x).


Next Steps

Future Growth

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

11.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JMP's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if JMP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JMP's revenue (11.2% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: JMP's revenue (11.2% per year) is forecast to grow slower 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?

-44.3%

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 -44.3% 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 (20.6%).


Return on Equity

High ROE: JMP has a negative Return on Equity (0.61%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is JMP Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: JMP has a low level of unsold assets or inventory.

Debt Coverage by Assets: JMP's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

Asset Level: JMP's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if JMP has a sufficient allowance for bad loans.

Low Risk Liabilities: JMP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if JMP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: JMP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if JMP has an appropriate level of bad loans.


Next Steps

Dividend

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

5.30%

Current Dividend Yield


Dividend Yield vs Market

company5.3%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: JMP's dividend (5.3%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: JMP's dividend (5.3%) is in the top 25% of dividend payers in the US market (3.7%)


Stability and Growth of Payments

Stable Dividend: JMP's dividend payments have been volatile in the past 10 years.

Growing Dividend: JMP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: JMP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of JMP Group's salary, the management and board of directors tenure and is there insider trading?

8.9yrs

Average management tenure


CEO

Joe Jolson (60yo)

20.3yrs

Tenure

US$1,682,108

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 ($USD1.68M) is above average for companies of similar size in the US market ($USD508.62K).

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


Management Age and Tenure

8.9yrs

Average Tenure

57yo

Average Age

Experienced Management: JMP's management team is seasoned and experienced (8.9 years average tenure).


Board Age and Tenure

10.8yrs

Average Tenure

59yo

Average Age

Experienced Board: JMP's board of directors are seasoned and experienced ( 10.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$38,04612 Mar 19
Joseph Jolson
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,524
Max PriceUS$4.03
BuyUS$184,31907 Mar 19
Joseph Jolson
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares45,738
Max PriceUS$4.05

Ownership Breakdown

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


Management Team

  • Zeke Navar

    Managing Director of Investment Banking Division

    • Tenure: 1.6yrs
  • Joe Jolson (60yo)

    Chairman & CEO

    • Tenure: 20.3yrs
    • Compensation: US$1.68m
  • Craig Johnson (64yo)

    Vice Chairman

    • Tenure: 8.9yrs
    • Compensation: US$1.32m
  • Carter Mack (56yo)

    President & Director

    • Tenure: 15.3yrs
    • Compensation: US$2.02m
  • Mark Lehmann (55yo)

    Director & President of JMP Securities

    • Tenure: 15.3yrs
    • Compensation: US$1.72m
  • Thomas Wright (58yo)

    MD & Director of Equities - JMP Securities

    • Tenure: 6.9yrs
    • Compensation: US$1.12m
  • Walter Conroy

    Chief Legal Officer & Corporate Secretary

    • Tenure: 3.7yrs
  • Ray Jackson (46yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
    • Compensation: US$1.06m
  • Andrew Palmer

    Director of Investor Relations

    • Tenure: 0yrs
  • Mercedes Broening

    Chief Information Officer & MD

    • Tenure: 0yrs

Board Members

  • Joe Jolson (60yo)

    Chairman & CEO

    • Tenure: 20.3yrs
    • Compensation: US$1.68m
  • Craig Johnson (64yo)

    Vice Chairman

    • Tenure: 8.9yrs
    • Compensation: US$1.32m
  • Carter Mack (56yo)

    President & Director

    • Tenure: 15.3yrs
    • Compensation: US$2.02m
  • Mark Lehmann (55yo)

    Director & President of JMP Securities

    • Tenure: 15.3yrs
    • Compensation: US$1.72m
  • Jon Orszag (45yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$58.17k
  • H. Lunenburg (59yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$68.87k
  • Glenn Tongue (60yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: US$77.56k
  • David DiPietro (59yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$58.17k
  • Ken Karmin (58yo)

    Lead Director

    • Tenure: 9.4yrs
    • Compensation: US$87.26k

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$59.587m
  • Shares outstanding: 19.35m
  • 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 Analysis2019/12/07 00:06
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.