Financials State Street Corporation

Equities

STT

US8574771031

Investment Management & Fund Operators

Real-time Estimate Cboe BZX 10:55:12 17/07/2024 pm IST 5-day change 1st Jan Change
84.48 USD -0.40% Intraday chart for State Street Corporation +12.14% +9.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,763 25,677 34,004 28,464 23,903 25,381 - -
Enterprise Value (EV) 1 42,111 46,882 49,182 46,734 48,269 64,597 66,089 67,619
P/E ratio 13.8 x 11.5 x 12.9 x 10.8 x 13.9 x 11.2 x 9.74 x 8.72 x
Yield 2.5% 2.86% 2.34% 3.09% 3.41% 3.4% 3.65% 3.87%
Capitalization / Revenue 2.45 x 2.19 x 2.83 x 2.34 x 2 x 2.02 x 1.98 x 1.92 x
EV / Revenue 3.58 x 4.01 x 4.09 x 3.85 x 4.04 x 5.15 x 5.15 x 5.11 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.15 x 0.98 x 1.24 x 1.07 x 0.98 x 1.11 x 1.01 x 0.97 x
Nbr of stocks (in thousands) 3,63,623 3,52,798 3,65,629 3,66,940 3,08,584 2,99,231 - -
Reference price 2 79.10 72.78 93.00 77.57 77.46 84.82 84.82 84.82
Announcement Date 17/01/20 19/01/21 19/01/22 20/01/23 19/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,756 11,703 12,027 12,148 11,945 12,543 12,823 13,246
EBITDA - - - - - - - -
EBIT 1 3,100 3,329 3,378 3,604 2,987 3,220 3,262 -
Operating Margin 26.37% 28.45% 28.09% 29.67% 25.01% 25.67% 25.44% -
Earnings before Tax (EBT) 1 2,852 2,899 3,171 3,327 2,316 3,168 3,343 3,575
Net income 1 2,149 2,257 2,572 2,660 1,821 2,372 2,498 2,726
Net margin 18.28% 19.29% 21.39% 21.9% 15.24% 18.91% 19.48% 20.58%
EPS 2 5.750 6.320 7.190 7.190 5.580 7.607 8.712 9.726
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.980 2.080 2.180 2.400 2.640 2.885 3.100 3.280
Announcement Date 17/01/20 19/01/21 19/01/22 20/01/23 19/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,053 3,081 2,953 2,959 3,155 3,101 3,110 2,691 3,043 3,138 3,191 3,191 3,202 3,129 3,180
EBITDA - - - - - - - - - - - - - - -
EBIT 1 896 766 860 864 1,080 730 898 805 843 625 922 843.3 844.3 640 838
Operating Margin 29.35% 24.86% 29.12% 29.2% 34.23% 23.54% 28.87% 29.91% 27.7% 19.92% 28.89% 26.43% 26.36% 20.45% 26.35%
Earnings before Tax (EBT) 1 730 754 835 849 889 688 916 511 201 598 912 877.4 908 649.7 845
Net income 1 662 583 712 669 696 525 726 398 172 418 655 648.1 671.5 466 613.5
Net margin 21.68% 18.92% 24.11% 22.61% 22.06% 16.93% 23.34% 14.79% 5.65% 13.32% 20.53% 20.31% 20.97% 14.89% 19.29%
EPS 2 1.780 1.570 1.910 1.800 1.910 1.520 2.170 1.250 0.5500 1.370 2.150 2.073 2.191 1.702 2.260
Dividend per Share 2 0.5700 0.5700 0.5700 0.6300 0.6300 0.6300 0.6300 0.6900 0.6900 0.6900 0.6900 0.7600 0.7600 0.7600 0.7600
Announcement Date 19/01/22 14/04/22 15/07/22 18/10/22 20/01/23 17/04/23 14/07/23 18/10/23 19/01/24 12/04/24 16/07/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,348 21,205 15,178 18,270 24,366 39,216 40,708 42,238
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10% 10% 10.7% 11.1% 8.2% 10.5% 10.7% 11.2%
ROA (Net income/ Total Assets) 0.88% 0.81% 0.85% 0.86% 0.84% 0.8% 0.83% 0.8%
Assets 1 2,45,096 2,80,164 3,03,696 3,08,049 2,18,058 2,96,535 3,00,918 3,40,812
Book Value Per Share 2 68.80 74.20 74.80 72.20 78.80 76.70 84.30 87.60
Cash Flow per Share - 9.890 -18.70 10.50 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 17/01/20 19/01/21 19/01/22 20/01/23 19/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
84.82 USD
Average target price
87.17 USD
Spread / Average Target
+2.77%
Consensus
  1. Stock Market
  2. Equities
  3. STT Stock
  4. Financials State Street Corporation