NYSE:SF

Stock Analysis Report

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Executive Summary

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Canada. More Details


Snowflake Analysis

Good value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SF's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.4%

SF

-0.4%

US Capital Markets

-1.0%

US Market


1 Year Return

20.4%

SF

15.7%

US Capital Markets

19.6%

US Market

Return vs Industry: SF exceeded the US Capital Markets industry which returned 15.7% over the past year.

Return vs Market: SF matched the US Market which returned 19.6% over the past year.


Shareholder returns

SFIndustryMarket
7 Day-0.4%-0.4%-1.0%
30 Day1.0%7.0%2.2%
90 Day31.7%20.0%11.5%
1 Year21.9%20.4%18.6%15.7%22.3%19.6%
3 Year21.5%17.8%31.0%20.9%45.3%35.7%
5 Year138.5%130.2%145.6%114.8%124.8%99.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SF ($52.15) is trading below our estimate of fair value ($58.5)

Significantly Below Fair Value: SF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SF is good value based on its PE Ratio (13.1x) compared to the US Capital Markets industry average (27.1x).

PE vs Market: SF is good value based on its PE Ratio (13.1x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: SF is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: SF is good value based on its PB Ratio (1.5x) compared to the US Capital Markets industry average (5x).


Next Steps

Future Growth

How is Stifel Financial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SF's forecast earnings growth (3.7% per year) is above the savings rate (2%).

Earnings vs Market: SF's earnings (3.7% per year) are forecast to grow slower than the US market (21.6% per year).

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

Revenue vs Market: SF's revenue (2% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: SF's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SF's Return on Equity is forecast to be low in 3 years time (10.4%).


Next Steps

Past Performance

How has Stifel Financial performed over the past 5 years?

36.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SF has high quality earnings.

Growing Profit Margin: SF's current net profit margins (11.7%) are lower than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: SF's earnings have grown significantly by 36% per year over the past 5 years.

Accelerating Growth: SF's earnings growth over the past year (1%) is below its 5-year average (36% per year).

Earnings vs Industry: SF earnings growth over the past year (1%) underperformed the Capital Markets industry 4.9%.


Return on Equity

High ROE: SF's Return on Equity (11.1%) is considered low.


Next Steps

Financial Health

How is Stifel Financial's financial position?


Financial Position Analysis

Short Term Liabilities: SF's short term assets ($16.2B) do not cover its short term liabilities ($19.2B).

Long Term Liabilities: SF's short term assets ($16.2B) exceed its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: SF's debt to equity ratio (41%) is considered high.

Reducing Debt: SF's debt to equity ratio has reduced from 43.9% to 41% over the past 5 years.

Debt Coverage: SF's debt is well covered by operating cash flow (116.6%).

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


Balance Sheet


Next Steps

Dividend

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

0.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SF's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: SF's dividend (0.87%) is low compared to the top 25% of dividend payers in the US market (3.85%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SF has been paying a dividend for less than 10 years.

Growing Dividend: SF's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.1%), SF's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SF's dividends in 3 years are forecast to be thoroughly covered by earnings (14.9% payout ratio).


Next Steps

Management

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

6.6yrs

Average management tenure


CEO

Ron Kruszewski (61 yo)

23.33yrs

Tenure

US$8,173,326

Compensation

Mr. Ronald James Kruszewski has been Chairman and Chief Executive Officer of Stifel Financial Corp. since 2020 and September 1997 respectively. Mr. Kruszewski is Chairman and Chief Executive Officer of Sti...


CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD8.17M) is above average for companies of similar size in the US market ($USD6.20M).

Compensation vs Earnings: Ron's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ronald Kruszewski
Chairman & CEO23.33yrsUS$8.17m1.24%
$ 66.6m
James Zemlyak
Co-President & Head of Global Wealth Management6.58yrsUS$5.11m1.23%
$ 66.1m
Victor Nesi
Co-President & Director of Institutional Group6.58yrsUS$6.35m0.25%
$ 13.2m
James Marischen
Senior VP & CFO2.42yrsUS$1.46m0.033%
$ 1.8m
Thomas Michaud
Senior Vice Presidentno dataUS$4.69m0.13%
$ 7.1m
David Sliney
Senior VP & COO2.42yrsUS$802.72k0.17%
$ 9.0m
Michael O'Keeffe
Chief Investment Officer2.58yrsno datano data
Bradford Raymond
Global Head of Investment Bankingno datano datano data
Joel Jeffrey
Senior Vice President of Investor relationsno datano datano data
Mark Fisher
Senior VP6.67yrsno data0.037%
$ 2.0m
Allen Brautigam
Senior Vice Presidentno datano data0.047%
$ 2.5m
Patrick Keeley
Vice Chairman of Investment Bankingno datano datano data

6.6yrs

Average Tenure

56yo

Average Age

Experienced Management: SF's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ronald Kruszewski
Chairman & CEO23.33yrsUS$8.17m1.24%
$ 66.6m
Thomas Weisel
Director10.42yrsUS$2.23m0.051%
$ 2.7m
Robert Grady
Independent Director10.42yrsUS$242.37k0.0058%
$ 313.2k
Michael Zimmerman
Independent Director7.92yrsUS$192.37k0.032%
$ 1.7m
Michael Brown
Independent Director10.42yrsUS$217.37k0.043%
$ 2.3m
Daniel Ludeman
Independent Director1.42yrsUS$189.90k0.0028%
$ 148.8k
James Oates
Independent Director25yrsUS$192.37k0.0065%
$ 349.2k
Kathleen Brown
Lead Independent Director0.67yrUS$192.37k0.0084%
$ 450.1k
David Peacock
Independent Director3.58yrsUS$217.37k0.024%
$ 1.3m
Adam Berlew
Independent Director1.42yrsUS$189.90k0.0028%
$ 148.8k
Maura Markus
Independent Director4.58yrsUS$192.37k0.0084%
$ 450.1k

4.6yrs

Average Tenure

64yo

Average Age

Experienced Board: SF's board of directors are considered experienced (4.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SF 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

Stifel Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Stifel Financial Corp.
  • Ticker: SF
  • Exchange: NYSE
  • Founded: 1890
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: US$5.372b
  • Shares outstanding: 103.00m
  • Website: https://www.stifel.com

Number of Employees


Location

  • Stifel Financial Corp.
  • One Financial Plaza
  • 501 North Broadway
  • St. Louis
  • Missouri
  • 63102-2188
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1983
2SIDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1983
SF.PRANYSE (New York Stock Exchange)DSHS 1/40 PF AUSUSDJul 2016
SF.PRBNYSE (New York Stock Exchange)6.25 DPSHS PFD BUSUSDFeb 2019
SF.PRCNYSE (New York Stock Exchange)DEP RP SHS PFD CUSUSDMay 2020

Biography

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipali...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 00:19
End of Day Share Price2021/01/15 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.