NYSE:OPY

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Executive Summary

Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. More Details


Snowflake Analysis

Proven track record average dividend payer.


Similar Companies

Share Price & News

How has Oppenheimer Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OPY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OPY's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

OPY

-0.2%

US Capital Markets

2.3%

US Market


1 Year Return

22.3%

OPY

16.9%

US Capital Markets

23.8%

US Market

Return vs Industry: OPY exceeded the US Capital Markets industry which returned 16.8% over the past year.

Return vs Market: OPY underperformed the US Market which returned 23.7% over the past year.


Shareholder returns

OPYIndustryMarket
7 Day-0.6%-0.2%2.3%
30 Day2.1%5.7%4.8%
90 Day23.0%20.9%14.5%
1 Year28.7%22.3%19.8%16.9%26.6%23.8%
3 Year24.1%14.2%28.0%18.2%45.0%35.4%
5 Year142.5%111.2%139.6%109.8%126.2%101.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Oppenheimer Holdings undervalued compared to its fair value and its price relative to the market?

6.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OPY ($32.38) is trading above our estimate of fair value ($31.08)

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


Price To Earnings Ratio

PE vs Industry: OPY is good value based on its PE Ratio (6.2x) compared to the US Capital Markets industry average (27.2x).

PE vs Market: OPY is good value based on its PE Ratio (6.2x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OPY is good value based on its PB Ratio (0.7x) compared to the US Capital Markets industry average (5.1x).


Next Steps

Future Growth

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

12.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oppenheimer Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Oppenheimer Holdings performed over the past 5 years?

57.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OPY has a high level of non-cash earnings.

Growing Profit Margin: OPY's current net profit margins (6.3%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: OPY's earnings have grown significantly by 57.4% per year over the past 5 years.

Accelerating Growth: OPY's earnings growth over the past year (85%) exceeds its 5-year average (57.4% per year).

Earnings vs Industry: OPY earnings growth over the past year (85%) exceeded the Capital Markets industry 4.9%.


Return on Equity

High ROE: OPY's Return on Equity (10.8%) is considered low.


Next Steps

Financial Health

How is Oppenheimer Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: OPY's short term assets ($2.1B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: OPY's short term assets ($2.1B) exceed its long term liabilities ($341.3M).


Debt to Equity History and Analysis

Debt Level: OPY's debt to equity ratio (86.8%) is considered high.

Reducing Debt: OPY's debt to equity ratio has reduced from 150% to 86.8% over the past 5 years.

Debt Coverage: OPY's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


Next Steps

Dividend

What is Oppenheimer Holdings's current dividend yield, its reliability and sustainability?

1.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OPY's dividend (1.48%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: OPY's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (3.85%).


Stability and Growth of Payments

Stable Dividend: OPY's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.2%), OPY's dividend payments are thoroughly covered by earnings.


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

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

4.6yrs

Average management tenure


CEO

Bud Lowenthal (74 yo)

36yrs

Tenure

US$5,861,687

Compensation

Mr. Albert Grinsfelder Lowenthal, also known as Bud, is the Chairman at Oppenheimer Investment Management LLC. He has been Chairman of the Board and Chief Executive Officer of Oppenheimer Holdings Inc. sin...


CEO Compensation Analysis

Compensation vs Market: Bud's total compensation ($USD5.86M) is above average for companies of similar size in the US market ($USD1.64M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Albert Lowenthal
Chairman & CEO36yrsUS$5.86m26.54%
$ 107.4m
Jeffrey Alfano
Executive VP & CFO9.67yrsUS$1.40m0.57%
$ 2.3m
Peter Albano
Senior MD & Global Head of Fixed Income3yrsUS$1.75mno data
Bryan McKigney
President of Oppenheimer Asset Management Incno dataUS$1.45mno data
John Benedetto
Executive VP & COO6.75yrsno datano data
Dennis McNamara
Executive VPno dataUS$896.93k0.42%
$ 1.7m
Douglas Siegel
MD & Chief Compliance Officer4.58yrsno datano data
Ramon De Paz
MD of Global Technology2.75yrsno datano data
Massimiliano Lami
MD, Chief Executive & Head of Investment Banking for EMEAno datano datano data
Robin Graham
MD & Head of Technology in North Americano datano datano data
Angie Pham
Managing Director of Internet & Digital Mediano datano datano data
Ed Harrington
Executive Vice President of the Private Client Division1.92yrsno datano data

4.6yrs

Average Tenure

61yo

Average Age

Experienced Management: OPY's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Albert Lowenthal
Chairman & CEO36yrsUS$5.86m26.54%
$ 107.4m
A. Oughtred
Independent Director42yrsUS$211.01k0.11%
$ 458.2k
R. Roth
Independent Director2.5yrsUS$209.79k0.0050%
$ 20.2k
Evan Behrens
Independent Director4.67yrsUS$166.72k0.036%
$ 145.7k
William Ehrhardt
Independent Director12.67yrsUS$219.01k0.19%
$ 756.1k
Robert Lowenthal
Inside Director7.67yrsUS$4.07m0.48%
$ 2.0m
Timothy Dwyer
Independent Director4.67yrsUS$184.72k0.068%
$ 275.2k
Paul Friedman
Lead Independent Directorno dataUS$243.51k0.068%
$ 275.2k
Teresa Glasser
Independent Director2.67yrsUS$120.79k0.0050%
$ 20.2k

6.2yrs

Average Tenure

63yo

Average Age

Experienced Board: OPY's board of directors are considered experienced (6.2 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Oppenheimer Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oppenheimer Holdings Inc.
  • Ticker: OPY
  • Exchange: NYSE
  • Founded: 1881
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: US$404.539m
  • Shares outstanding: 12.49m
  • Website: https://www.oppenheimer.com

Number of Employees


Location

  • Oppenheimer Holdings Inc.
  • 85 Broad Street
  • New York
  • New York
  • 10004
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPYNYSE (New York Stock Exchange)YesClass A Non-Voting SharesUSUSDJan 1975

Biography

Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers broker...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 23:42
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.