NYSE:RJF

Stock Analysis Report

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Market Cap

US$17.8b

Last Updated

2021/06/24 02:13 UTC

Data Sources

Company Financials +

Executive Summary

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. More Details


Snowflake Analysis

Good value with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Raymond James Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: RJF's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

RJF

-0.8%

US Capital Markets

0.5%

US Market


1 Year Return

89.7%

RJF

59.1%

US Capital Markets

42.6%

US Market

Return vs Industry: RJF exceeded the US Capital Markets industry which returned 59.1% over the past year.

Return vs Market: RJF exceeded the US Market which returned 42.6% over the past year.


Shareholder returns

RJFIndustryMarket
7 Day-1.0%-0.8%0.5%
30 Day-3.6%1.4%1.9%
90 Day7.0%11.4%7.9%
1 Year93.1%89.7%62.5%59.1%44.9%42.6%
3 Year49.9%42.4%71.0%58.6%64.4%54.1%
5 Year187.5%167.6%188.4%153.6%128.3%102.7%

Long-Term Price Volatility Vs. Market

How volatile is Raymond James Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Raymond James Financial undervalued compared to its fair value and its price relative to the market?

28.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RJF ($129.74) is trading below our estimate of fair value ($181.3)

Significantly Below Fair Value: RJF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RJF is poor value based on its PE Ratio (17x) compared to the US Capital Markets industry average (15x).

PE vs Market: RJF is good value based on its PE Ratio (17x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: RJF is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: RJF is good value based on its PB Ratio (2.3x) compared to the US Capital Markets industry average (65.9x).


Future Growth

How is Raymond James Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RJF's forecast earnings growth (5.5% per year) is above the savings rate (2%).

Earnings vs Market: RJF's earnings (5.5% per year) are forecast to grow slower than the US market (15.7% per year).

High Growth Earnings: RJF's earnings are forecast to grow, but not significantly.

Revenue vs Market: RJF's revenue (6.6% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: RJF's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RJF's Return on Equity is forecast to be low in 3 years time (15.6%).


Past Performance

How has Raymond James Financial performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RJF has high quality earnings.

Growing Profit Margin: RJF's current net profit margins (12.4%) are higher than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: RJF's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: RJF's earnings growth over the past year (9.3%) is below its 5-year average (14.2% per year).

Earnings vs Industry: RJF earnings growth over the past year (9.3%) underperformed the Capital Markets industry 48.4%.


Return on Equity

High ROE: RJF's Return on Equity (13.7%) is considered low.


Financial Health

How is Raymond James Financial's financial position?


Financial Position Analysis

Short Term Liabilities: RJF's short term assets ($44.2B) exceed its short term liabilities ($15.0B).

Long Term Liabilities: RJF's short term assets ($44.2B) exceed its long term liabilities ($33.4B).


Debt to Equity History and Analysis

Debt Level: RJF's debt to equity ratio (45.9%) is considered high.

Reducing Debt: RJF's debt to equity ratio has reduced from 61.6% to 45.9% over the past 5 years.

Debt Coverage: RJF's debt is well covered by operating cash flow (52.1%).

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


Balance Sheet


Dividend

What is Raymond James Financial current dividend yield, its reliability and sustainability?

1.20%

Current Dividend Yield


Upcoming Dividend Payment

TodayJun 24 2021Ex Dividend DateJun 30 2021Dividend Pay DateJul 15 202115 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RJF's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: RJF's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (3.46%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.9%), RJF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RJF's dividends in 3 years are forecast to be well covered by earnings (19.4% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Paul Reilly (65 yo)

11.08yrs

Tenure

US$12,449,359

Compensation

Mr. Paul Christopher Reilly serves as the Chief Executive Officer of Raymond James Financial Inc since May 2010, after joining the Company’s management team as President in May 2009 until April 2010. He ha...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD12.45M) is about average for companies of similar size in the US market ($USD11.28M).

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


Leadership Team

Experienced Management: RJF's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: RJF's board of directors are considered experienced (5.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: RJF 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

Raymond James Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Raymond James Financial, Inc.
  • Ticker: RJF
  • Exchange: NYSE
  • Founded: 1962
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: US$17.829b
  • Shares outstanding: 137.42m
  • Website: https://www.raymondjames.com

Number of Employees


Location

  • Raymond James Financial, Inc.
  • 880 Carillon Parkway
  • St. Petersburg
  • Florida
  • 33716
  • United States

Listings


Biography

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. The Privat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 02:13
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
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.