Financials Raymond James Financial, Inc.

Equities

RJF

US7547301090

Investment Banking & Brokerage Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
121.9 USD -0.07% Intraday chart for Raymond James Financial, Inc. -1.41% +9.29%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,449 9,980 18,990 21,328 20,974 25,262 - -
Enterprise Value (EV) 1 11,449 7,189 14,684 21,328 14,800 17,069 16,308 19,063
P/E ratio 11.5 x 12.5 x 13.9 x 14.2 x 12.6 x 13.2 x 12.3 x 11.7 x
Yield 1.65% 2.03% 1.13% 1.38% 1.67% 1.46% 1.63% 1.65%
Capitalization / Revenue 1.48 x 1.25 x 1.95 x 1.94 x 1.81 x 1.99 x 1.86 x 1.74 x
EV / Revenue 1.48 x 0.9 x 1.5 x 1.94 x 1.27 x 1.35 x 1.2 x 1.31 x
EV / EBITDA 7.59 x 5.12 x 7.76 x 9.41 x 5.74 x 6.39 x 5.98 x 6.63 x
EV / FCF 26,079,749 x 1,829,197 x 2,241,510 x - - - - -
FCF Yield 0% 0% 0% - - - - -
Price to Book 1.73 x 1.4 x 2.3 x 2.28 x 2.07 x 2.3 x 2.05 x 1.7 x
Nbr of stocks (in thousands) 208,265 205,740 205,788 215,825 208,842 207,300 - -
Reference price 2 54.97 48.51 92.28 98.82 100.4 121.9 121.9 121.9
Announcement Date 10/23/19 10/28/20 10/27/21 10/26/22 10/25/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,740 7,990 9,760 11,003 11,619 12,675 13,617 14,519
EBITDA 1 1,509 1,404 1,893 2,267 2,577 2,671 2,726 2,877
EBIT 1 1,397 1,285 1,759 2,122 2,412 2,583 2,860 2,712
Operating Margin 18.05% 16.08% 18.02% 19.29% 20.76% 20.38% 21.01% 18.68%
Earnings before Tax (EBT) 1 1,375 1,052 1,791 2,022 2,280 2,583 2,846 2,841
Net income 1 1,034 818 1,403 1,505 1,733 1,976 2,108 2,205
Net margin 13.36% 10.24% 14.38% 13.68% 14.92% 15.59% 15.48% 15.19%
EPS 2 4.780 3.887 6.630 6.980 7.970 9.242 9.871 10.40
Free Cash Flow 439 3,930 6,551 - - - - -
FCF margin 5.67% 49.19% 67.12% - - - - -
FCF Conversion (EBITDA) 29.09% 279.91% 346.06% - - - - -
FCF Conversion (Net income) 42.46% 480.44% 466.93% - - - - -
Dividend per Share 2 0.9067 0.9867 1.040 1.360 1.680 1.784 1.982 2.008
Announcement Date 10/23/19 10/28/20 10/27/21 10/26/22 10/25/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,695 2,781 2,673 2,718 2,831 2,786 2,873 2,907 3,053 3,013 3,118 3,243 3,322 3,344 3,373
EBITDA 602 582 488 - 690 706 - - - - - - - - -
EBIT 1 565 547 454 471 650 666 585 540 621 642 621 666 704 762.3 -
Operating Margin 20.96% 19.67% 16.98% 17.33% 22.96% 23.91% 20.36% 18.58% 20.34% 21.31% 19.92% 20.54% 21.19% 22.8% -
Earnings before Tax (EBT) 1 560 558 433 415 616 652 557 486 585 630 609 647 673 - -
Net income 1 429 446 323 299 437 507 425 369 432 497 474 487.7 527.8 528.6 474.2
Net margin 15.92% 16.04% 12.08% 11% 15.44% 18.2% 14.79% 12.69% 14.15% 16.5% 15.2% 15.04% 15.89% 15.81% 14.06%
EPS 2 2.020 2.100 1.520 1.380 1.980 2.300 1.930 1.710 2.020 2.320 2.220 2.300 2.462 2.485 2.306
Dividend per Share 2 0.2600 0.3400 0.3400 0.3400 0.3400 0.4200 0.4200 0.3200 0.5200 0.4500 0.4500 0.4500 0.4500 0.5075 0.5125
Announcement Date 10/27/21 1/26/22 4/27/22 7/27/22 10/26/22 1/25/23 4/26/23 7/26/23 10/25/23 1/24/24 4/24/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 2,791 4,306 - 6,174 8,193 8,954 6,199
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 439 3,930 6,551 - - - - -
ROE (net income / shareholders' equity) 16.2% 11.9% 19.5% 17% 17.7% 18% 16.7% 16.9%
ROA (Net income/ Total Assets) 1.84% 1.99% 2.73% 2.11% 2.18% 3.33% 2.34% 2.1%
Assets 1 56,243 41,145 51,424 71,422 79,656 59,272 90,094 105,004
Book Value Per Share 2 31.80 34.70 40.10 43.40 48.50 53.10 59.40 71.70
Cash Flow per Share - 19.30 31.40 0.3300 - - - -
Capex 1 138 124 74 91 173 161 171 181
Capex / Sales 1.78% 1.55% 0.76% 0.83% 1.49% 1.27% 1.26% 1.25%
Announcement Date 10/23/19 10/28/20 10/27/21 10/26/22 10/25/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
121.9 USD
Average target price
132 USD
Spread / Average Target
+8.32%
Consensus
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  4. Financials Raymond James Financial, Inc.