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Stifel Financial Corp SF

Morningstar Rating
$76.56 +1.30 (1.73%)
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Company Report

Stifel Financial Earnings: Annual Results Showed Stability in Continued Tough Environment

Stifel showed relative stability in a tough 2023 capital markets environment, and it has a strong foundation for future performance. The company reported net income to common shareholders for 2023 of $485 million, or $4.28 per diluted share, on $4.3 billion of net revenue. Stifel's top line decreased 1%, as a 3% increase in asset management revenue and a 28% increase in net interest income largely offset a 25% decline in investment banking and 6% decline in brokerage revenue during the year. We don’t anticipate making a material change to our $72 per share fair value estimate for no-moat Stifel and assess shares as being fairly valued.

Price vs Fair Value

SF is trading within a range we consider fairly valued.
Price
$76.56
Fair Value
$91.00
Uncertainty
High
1-Star Price
$852.60
5-Star Price
$15.80
Economic Moat
Sgtv
Capital Allocation
Rhrpfqkp

Bulls Say, Bears Say

Bulls

Stifel's string of acquisitions has increased operational scale and expertise. Stifel is an experienced acquirer and integrator. A recession could provide ample acquisition opportunities.

Bears

The company's plan to increase the leverage at its investment bank and risk profile of its commercial bank could backfire.

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News

Trading Information

Previous Close Price
$75.26
Day Range
$75.8376.99
52-Week Range
$53.4877.55
Bid/Ask
$65.00 / $122.49
Market Cap
$7.87 Bil
Volume/Avg
340,513 / 530,114

Key Statistics

Price/Earnings (Normalized)
15.77
Price/Sales
1.99
Dividend Yield (Trailing)
1.88%
Dividend Yield (Forward)
2.19%
Total Yield
7.52%

Company Profile

Stifel Financial is a middle-market-focused investment bank that produces more than 90% of its revenue in the United States. Approximately 60% of the company's net revenue is derived from its global wealth management division, which supports over 2,000 financial advisors, with the remainder coming from its institutional securities business. Stifel has a history of being an active acquirer of other financial service firms.
Sector
Financial Services
Industry
Capital Markets
Stock Style Box
Small Value
Total Number of Employees
9,000

Competitors

Valuation

Metric
SF
RJF
MS
Price/Earnings (Normalized)
15.7713.8814.26
Price/Book Value
1.672.271.52
Price/Sales
1.992.152.73
Price/Cash Flow
8.9911.738.83
Price/Earnings
SF
RJF
MS

Financial Strength

Metric
SF
RJF
MS
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
SF
RJF
MS
Return on Assets (Normalized)
1.41%2.31%0.97%
Return on Equity (Normalized)
11.50%18.04%12.60%
Return on Invested Capital (Normalized)
Return on Assets
SF
RJF
MS
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Name
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Economic Moat
Market Cap
MS
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GS
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SCHW
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RJF
Raymond James Financial IncJpvf$24.8 Bil
TW
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LPLA
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IBKR
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MKTX
MarketAxess Holdings IncVkc$8.1 Bil
EVR
Evercore Inc Class ARbtklqw$7.0 Bil

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