JPMorgan Chase & Co

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JPM : NYSE : Financial
$85.48 up 0.36 | 0.42%
Today's Range: 84.14 - 85.5
Avg. Daily Volume: 1.75568E7
12/09/16 - 3:59 PM ET

Financial Analysis


JPMORGAN CHASE & CO's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.50% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)27140.024595.0
EBITDA ($mil)14834.013813.0
EBIT ($mil)13427.012565.0
Net Income ($mil)6286.06804.0


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)650227.0615921.0
Total Assets ($mil)2521029.02417121.0
Total Debt ($mil)514646.0520094.0
Equity ($mil)254331.0245728.0


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin86.2389.85
EBITDA Margin54.6556.16
Operating Margin49.4751.09
Sales Turnover0.040.04
Return on Assets0.920.99
Return on Equity8.569.16
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.670.68
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)3578.263681.13
Div / share0.480.44
EPS1.581.68
Book value / share71.0866.75
Institutional Own % n/a n/a
Avg Daily Volume1.7339932E71.4536086E7

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 16.99 for the Commercial Banks industry and a significant discount compared to the S&P 500 average of 25.37. Conducting a second comparison, its price-to-book ratio of 1.17 indicates a significant discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 1.18. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, JPMORGAN CHASE & CO 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
JPM 14.36 Peers 16.99   JPM NM Peers 11.87

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

JPM 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.

JPM's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
JPM 13.19 Peers 14.20   JPM NM Peers 2.15

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

JPM 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.

JPM's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
JPM 1.17 Peers 1.18   JPM -1.03 Peers -39.69

Average. 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.

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

 

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

JPM is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
JPM 2.87 Peers 2.86   JPM 2.84 Peers 5.39

Average. 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.

JPM is trading at a valuation on par with its industry on this measurement.

 

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

JPM significantly trails its peers on the basis of sales growth

 

 

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