STATE STREET CORP's gross profit margin for the third 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.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.55% from the same quarter last year.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||2683.0||2522.0|
|Net Income ($mil)||560.0||540.0|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||93695.0||48359.0|
|Total Assets ($mil)||274805.0||217180.0|
|Total Debt ($mil)||22725.0||22622.0|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||96.16||96.15|
|Return on Assets||0.76||0.94|
|Return on Equity||9.68||9.95|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||419.93||441.3|
|Div / share||0.3||0.26|
|Book value / share||50.38||46.3|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2078898.0||2119636.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 21.24 for the Capital Markets industry and a discount compared to the S&P 500 average of 19.47. For additional comparison, its price-to-book ratio of 1.53 indicates a discount versus the S&P 500 average of 2.75 and a discount versus the industry average of 2.13. The current price-to-sales ratio is well above the S&P 500 average, but 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.
|STT 16.51||Peers 21.24||STT NM||Peers 12.73|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
STT is trading at a discount to its peers.
Neutral. 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's P/CF is negative making the measure meaningless.
|STT 14.41||Peers 16.65||STT NA||Peers 1.73|
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.
|STT 1.53||Peers 2.13||STT 6.37||Peers 82.04|
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.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, STT is expected to significantly trail its peers on the basis of its earnings growth rate.
|STT 3.08||Peers 3.57||STT 2.19||Peers 5.57|
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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