JPMorgan Chase & Co.
Find Ratings ReportsJPMORGAN CHASE & CO's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 12.15% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 61593.0 | 47409.0 |
EBITDA ($mil) | 22443.0 | 20979.0 |
EBIT ($mil) | 19106.0 | 19308.0 |
Net Income ($mil) | 9307.0 | 11008.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 900303.0 | 882826.0 |
Total Assets ($mil) | 3875393.0 | 3665743.0 |
Total Debt ($mil) | 661905.0 | 550688.0 |
Equity ($mil) | 327878.0 | 292332.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 57.63 | 68.04 |
EBITDA Margin | 36.43 | 44.25 |
Operating Margin | 31.02 | 40.73 |
Sales Turnover | 0.06 | 0.04 |
Return on Assets | 1.27 | 1.02 |
Return on Equity | 14.66 | 12.34 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.67 | 0.65 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 2876.66 | 2934.26 |
Div / share | 1.05 | 1.0 |
EPS | 3.04 | 3.57 |
Book value / share | 113.98 | 99.63 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 8909589.0 | 9394010.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 17.75 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.65 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 8.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, JPMORGAN CHASE & CO proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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JPM 11.59 | Peers 17.75 | JPM 41.68 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. JPM 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. JPM is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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JPM 11.60 | Peers 13.86 | JPM NM | Peers 1.78 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. JPM is trading at a discount to 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. |
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Price/Book |
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Earnings Growth |
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JPM 1.65 | Peers 8.64 | JPM 34.27 | Peers 24.72 | |||||||||||||||||||||
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. JPM is trading at a significant discount to 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. |
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Price/Sales |
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Sales Growth |
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JPM 2.29 | Peers 4.87 | JPM 52.66 | Peers 44.87 | |||||||||||||||||||||
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. JPM is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. JPM has a sales growth rate that exceeds its peers. |
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