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State Street Corp
STT : NYSE : Financial
$70.67 0.47 | 0.67%
Today's Range: 69.83 - 70.69
Avg. Daily Volume: 2,099,400
08/20/14 - 3:11 PM ET

Financial Analysis


STATE STREET CORP's gross profit margin for the second quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.

During the same period, stockholders' equity ("net worth") has increased by 8.06% from the same quarter last year.

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Income Statement Q2 FY14 Q2 FY13
Net Sales ($mil)2687.02664.0
EBITDA ($mil)1503.01529.0
EBIT ($mil)1503.01529.0
Net Income ($mil)622.0579.0


Balance Sheet Q2 FY14 Q2 FY13
Cash & Equiv. ($mil)108314.055831.0
Total Assets ($mil)282324.0227300.0
Total Debt ($mil)22541.021370.0
Equity ($mil)21700.020081.0


Profitability Q2 FY14 Q2 FY13
Gross Profit Margin96.6196.1
EBITDA Margin55.9357.39
Operating Margin0.00.0
Sales Turnover0.040.05
Return on Assets0.730.96
Return on Equity9.410.75
Debt Q2 FY14 Q2 FY13
Current Ratio0.00.0
Debt/Capital0.510.52
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q2 FY14 Q2 FY13
Shares outstanding (mil)424.97448.4
Div / share0.30.26
EPS1.381.24
Book value / share51.0644.78
Institutional Own % n/a n/a
Avg Daily Volume2155049.02972896.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 51.29 for the Capital Markets industry and a discount compared to the S&P 500 average of 19.39. For additional comparison, its price-to-book ratio of 1.37 indicates a discount versus the S&P 500 average of 2.68 and a discount versus the industry average of 1.94. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, STATE STREET CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
STT 15.32 Peers 51.29   STT 54.37 Peers 16.26

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

STT is trading at a significant discount to its peers.

 

Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

STT is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
STT 13.20 Peers 15.91   STT NA Peers 1.19

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

STT is trading at a valuation on par with its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
STT 1.37 Peers 1.94   STT 0.00 Peers -3.75

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

STT is trading at a significant discount to its peers.

 

Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

The growth rate for STT is not available.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
STT 2.88 Peers 3.41   STT 1.17 Peers 7.40

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

STT is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

STT significantly trails its peers on the basis of sales growth

 

 

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