Piper Sandler Companies
Market Cap
US$1.5b
Last Updated
2021/02/25 00:17 UTC
Data Sources
Company Financials +
Executive Summary
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. More Details
Risk Analysis
Snowflake Analysis
Excellent balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Piper Sandler Companies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PIPR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PIPR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
2.9%
PIPR
0.2%
US Capital Markets
-1.4%
US Market
1 Year Return
45.1%
PIPR
33.4%
US Capital Markets
37.1%
US Market
Return vs Industry: PIPR exceeded the US Capital Markets industry which returned 29% over the past year.
Return vs Market: PIPR exceeded the US Market which returned 34.1% over the past year.
Shareholder returns
| PIPR | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | 0.2% | -1.4% |
| 30 Day | 8.2% | 7.6% | 1.6% |
| 90 Day | 14.9% | 18.4% | 7.3% |
| 1 Year | 49.0%45.1% | 36.8%33.4% | 40.2%37.1% |
| 3 Year | 38.4%30.1% | 41.4%30.9% | 62.5%52.1% |
| 5 Year | 167.6%141.2% | 152.2%120.9% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is Piper Sandler Companies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 hours ago | Simply Wall St
Is It Worth Considering Piper Sandler Companies (NYSE:PIPR) For Its Upcoming Dividend?2 weeks ago | Simply Wall St
This Insider Has Just Sold Shares In Piper Sandler Companies (NYSE:PIPR)3 weeks ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Piper Sandler Companies' (NYSE:PIPR) Shares?Valuation
Is Piper Sandler Companies undervalued compared to its fair value and its price relative to the market?
36.97x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PIPR ($108.67) is trading above our estimate of fair value ($46.02)
Significantly Below Fair Value: PIPR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PIPR is poor value based on its PE Ratio (37x) compared to the US Capital Markets industry average (23.8x).
PE vs Market: PIPR is poor value based on its PE Ratio (37x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PIPR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PIPR is good value based on its PB Ratio (1.9x) compared to the US Capital Markets industry average (10.6x).
Next Steps
Future Growth
How is Piper Sandler Companies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
2.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PIPR's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if PIPR'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: PIPR's revenue (2.9% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: PIPR's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PIPR's Return on Equity is forecast to be low in 3 years time (17.4%).
Next Steps
Past Performance
How has Piper Sandler Companies performed over the past 5 years?
23.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIPR has high quality earnings.
Growing Profit Margin: PIPR's current net profit margins (3.3%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: PIPR's earnings have grown significantly by 23.7% per year over the past 5 years.
Accelerating Growth: PIPR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PIPR had negative earnings growth (-51.2%) over the past year, making it difficult to compare to the Capital Markets industry average (7.6%).
Return on Equity
High ROE: PIPR's Return on Equity (5.7%) is considered low.
Next Steps
Financial Health
How is Piper Sandler Companies's financial position?
Financial Position Analysis
Short Term Liabilities: PIPR's short term assets ($1.1B) exceed its short term liabilities ($665.4M).
Long Term Liabilities: PIPR's short term assets ($1.1B) exceed its long term liabilities ($297.4M).
Debt to Equity History and Analysis
Debt Level: PIPR's debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: PIPR's debt to equity ratio has reduced from 80.4% to 32.2% over the past 5 years.
Debt Coverage: PIPR's debt is well covered by operating cash flow (210.9%).
Interest Coverage: Insufficient data to determine if PIPR's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Piper Sandler Companies's current dividend yield, its reliability and sustainability?
2.88%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PIPR's dividend (2.88%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: PIPR's dividend (2.88%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: PIPR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PIPR's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.5%), PIPR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PIPR's dividends in 3 years are forecast to be well covered by earnings (17.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
Chad Abraham (51 yo)
3.08yrs
Tenure
US$4,642,401
Compensation
Mr. Chad Richard Abraham serves as Chairman since May 17, 2019 at Piper Sandler Companies (the “Company”) and serves as its Chief Executive Officer since January 2018. He is Chief Executive Officer and Cha...
CEO Compensation Analysis
Compensation vs Market: Chad's total compensation ($USD4.64M) is about average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Chad's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.08yrs | US$4.64m | 0.59% $ 8.8m | |
| President | 2.42yrs | US$2.68m | 0.47% $ 7.1m | |
| MD & CFO | 0.25yr | US$1.51m | 0.076% $ 1.1m | |
| MD & Global Co-Head of Investment Banking & Capital Markets | 10.33yrs | US$4.41m | 0.40% $ 6.0m | |
| MD and Global Co-Head of Investment Banking & Capital Markets | no data | US$5.14m | 0.63% $ 9.4m | |
| Vice Chairman | 1.08yrs | no data | 2.16% $ 32.3m | |
| MD and Chief Information & Operations Officer | 1.08yrs | no data | no data | |
| MD, General Counsel & Secretary | 8.08yrs | US$815.48k | 0.12% $ 1.8m | |
| Chief Human Capital Officer & MD | 10.08yrs | no data | no data | |
| Managing Director of the Merchant Banking Group | 13.08yrs | no data | no data | |
| Head of Public Finance Services & MD | 15.58yrs | US$1.16m | no data | |
| Managing Director of Public Finance Investment Banking | no data | no data | no data |
8.1yrs
Average Tenure
52yo
Average Age
Experienced Management: PIPR's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.08yrs | US$4.64m | 0.59% $ 8.8m | |
| President | 2.42yrs | US$2.68m | 0.47% $ 7.1m | |
| Vice Chairman | 1.08yrs | no data | 2.16% $ 32.3m | |
| Lead Independent Director | no data | US$207.54k | 0.050% $ 742.3k | |
| Independent Director | 5.08yrs | US$191.54k | 0.029% $ 438.2k | |
| Independent Director | 1.42yrs | US$109.10k | 0.023% $ 345.5k | |
| Independent Director | 6.92yrs | US$171.54k | no data | |
| Independent Director | 17.17yrs | US$176.54k | 0.21% $ 3.1m | |
| Vice Chairman | no data | US$1.45m | no data | |
| Director | 0.083yr | no data | 0.14% $ 2.1m | |
| Independent Director | 2.42yrs | US$178.73k | 0.031% $ 465.9k | |
| Independent Director | 7yrs | US$181.28k | 0.061% $ 913.9k |
2.4yrs
Average Tenure
58yo
Average Age
Experienced Board: PIPR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PIPR insiders have only sold shares 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
Piper Sandler Companies's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Piper Sandler Companies
- Ticker: PIPR
- Exchange: NYSE
- Founded: 1895
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: US$1.500b
- Shares outstanding: 13.80m
- Website: https://www.pipersandler.com
Number of Employees
Location
- Piper Sandler Companies
- 800 Nicollet Mall
- Suite 900
- Minneapolis
- Minnesota
- 55402
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PIPR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 2003 |
| PJR | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 2003 |
Biography
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors i...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 00:17 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.