Company Valuation: Stifel Financial Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 7,331 6,204 7,053 10,858 12,751 11,735 - -
Change - -15.38% 13.69% 53.94% 17.44% -7.97% - -
Enterprise Value (EV) 1 6,867 6,204 5,224 10,858 12,751 9,991 9,345 8,813
Change - -9.66% -15.78% 107.82% 17.44% -21.64% -6.47% -5.7%
P/E ratio 10.6x 11x 16.2x 17x 21.3x 13.5x 11.6x 10.6x
PBR 1.69x 1.22x 1.52x 2.17x 2.41x 1.96x 1.7x 1.49x
PEG - -0.5x -0.8x 0.4x -3.5x 0.3x 0.7x 1.18x
Capitalization / Revenue 1.55x 1.41x 1.62x 2.18x 2.31x 1.96x 1.81x 1.85x
EV / Revenue 1.45x 1.41x 1.2x 2.18x 2.31x 1.67x 1.44x 1.39x
EV / EBITDA 6.17x - 5.6x 9.29x 13.2x 6.7x 6.68x 7.84x
EV / EBIT 6.44x 7.01x 7.39x 11.7x 14.6x 7.24x 6.69x 8.43x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.4 0.8 0.96 1.12 1.227 1.36 1.578 1.788
Rate of return 0.85% 2.06% 2.08% 1.58% 1.47% 1.78% 2.06% 2.34%
EPS 2 4.44 3.547 2.853 4.167 3.913 5.664 6.602 7.197
Distribution rate 9.01% 22.6% 33.6% 26.9% 31.3% 24% 23.9% 24.8%
Net sales 1 4,737 4,391 4,349 4,970 5,530 5,997 6,467 6,348
EBITDA 1 1,113 - 933.4 1,169 966.3 1,490 1,400 1,124
EBIT 1 1,067 885.1 706.7 928.4 871.1 1,380 1,397 1,045
Net income 1 789.3 624.9 485.3 694.1 646.5 920.9 1,072 1,167
Net Debt 1 -464.3 - -1,829 - - -1,744 -2,390 -2,923
Reference price 2 46.95 38.91 46.10 70.72 83.48 76.50 76.50 76.50
Nbr of stocks (in thousands) 1,56,166 1,59,421 1,52,994 1,53,529 1,52,742 1,53,402 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.51x1.67x6.7x1.78% 1.17TCr
16.27x7.2x - 2.18% 30TCr
15.78x11.31x - 1.97% 29TCr
11.61x - - 1.98% 21TCr
15.28x - - 1.42% 15TCr
10.96x0.93x - 3.18% 5.74TCr
13.72x - - 1.38% 3.01TCr
16x1.46x9.4x0.42% 2.43TCr
16.46x6x - 3.84% 2.4TCr
9.31x7.04x - 3.28% 2.39TCr
Average 13.89x 5.09x 8.05x 2.14% 11.31TCr
Weighted average by Cap. 14.61x 7.99x 8.52x 2.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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