Raymond James Financial Inc

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RJF : NYSE : Financial
$76.62 | %
Today's Range: 76.42 - 77.72
Avg. Daily Volume: 739300.0
06/23/17 - 4:07 PM ET

Financial Analysis


RAYMOND JAMES FINANCIAL CORP's gross profit margin for the second quarter of its fiscal year 2017 has increased 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 12.34% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)1600.311341.11
EBITDA ($mil)324.97244.22
EBIT ($mil)303.95226.48
Net Income ($mil)112.76125.85


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)7200.255728.52
Total Assets ($mil)32928.7327753.21
Total Debt ($mil)2790.132295.65
Equity ($mil)5207.754635.29


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin20.3118.21
EBITDA Margin20.318.21
Operating Margin18.9916.89
Sales Turnover0.180.19
Return on Assets1.691.78
Return on Equity10.6810.66
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.350.33
Interest Expense33.2826.36
Interest Coverage9.138.59


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)143.54141.1
Div / share0.220.2
EPS0.770.87
Book value / share36.2832.85
Institutional Own % n/a n/a
Avg Daily Volume1137388.01018930.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.56 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.73. To use another comparison, its price-to-book ratio of 2.17 indicates a discount versus the S&P 500 average of 3.08 and a significant discount versus the industry average of 4.12. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, RAYMOND JAMES FINANCIAL 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
RJF 20.53 Peers 21.56   RJF 17.76 Peers 18.42

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

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

 

Average. 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.

RJF is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
RJF 13.88 Peers 17.96   RJF 0.52 Peers 1.26

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

RJF is trading at a discount to its peers.

 

Discount. 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.

RJF trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
RJF 2.17 Peers 4.12   RJF 12.97 Peers 60.85

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.

RJF 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, RJF is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
RJF 1.88 Peers 4.09   RJF 12.11 Peers 10.65

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.

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

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

RJF has a sales growth rate that exceeds its peers.

 

 

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