State Street Corp

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STT : NYSE : Financial
$81.44 up 1.52 | 1.9%
Today's Range: 80.0 - 81.91
Avg. Daily Volume: 2314200.0
12/08/16 - 4:02 PM ET

Financial Analysis


STATE STREET CORP'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 3.02% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)2730.02632.0
EBITDA ($mil)1491.01440.0
EBIT ($mil)1491.01440.0
Net Income ($mil)563.0581.0


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)85022.081176.0
Total Assets ($mil)256140.0247274.0
Total Debt ($mil)17611.023571.0
Equity ($mil)22150.021500.0


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin95.9795.97
EBITDA Margin54.6154.71
Operating Margin0.00.0
Sales Turnover0.040.04
Return on Assets0.830.76
Return on Equity8.858.26
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.440.52
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)385.57403.79
Div / share0.380.34
EPS1.291.31
Book value / share57.4553.25
Institutional Own % n/a n/a
Avg Daily Volume2311706.02726319.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 22.49 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.45. To use another comparison, its price-to-book ratio of 1.39 indicates a discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 4.13. 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 16.28 Peers 22.49   STT 5.59 Peers 17.05

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.

 

Discount. 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 discount 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 13.98 Peers 28.43   STT 1.18 Peers 2.27

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

STT is trading at a significant 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.

STT 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
STT 1.39 Peers 4.13   STT 15.05 Peers 45.09

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
STT 2.92 Peers 6.01   STT -2.30 Peers 1.05

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 significant 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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