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Stifel Financial

DB:2SI
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2SI
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Canada. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Stifel Financial has significant price volatility in the past 3 months.
2SI Share Price and Events
7 Day Returns
-2.2%
DB:2SI
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-29%
DB:2SI
-6.9%
DE Capital Markets
-17.2%
DE Market
2SI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stifel Financial (2SI) -2.2% -29.7% -35.8% -29% -22.5% -30.8%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 2SI underperformed the Capital Markets industry which returned -6.9% over the past year.
  • 2SI underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
2SI
Industry
5yr Volatility vs Market

Value

 Is Stifel Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Stifel Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stifel Financial.

DB:2SI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $40.67 * 8.1%
$3.31
Book Value of Equity per Share Median Book Value from the past 5 years. $40.67
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2SI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (84.52%))
1.171
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.171 * 5.44%)
5.98%

Discounted Cash Flow Calculation for DB:2SI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Stifel Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:2SI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.1% – 5.98%) * $40.67)
$0.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.88 / (5.98% - -0.39%)
$13.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $40.67 + $13.80
$54.47
DB:2SI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2SI represents 0.90323x of NYSE:SF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90323x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 54.47 x 0.90323
€49.20
Value per share (EUR) From above. €49.20
Current discount Discount to share price of €35.00
= -1 x (€35.00 - €49.20) / €49.20
28.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Stifel Financial is available for.
Intrinsic value
29%
Share price is €35 vs Future cash flow value of €49.2
Current Discount Checks
For Stifel Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stifel Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Stifel Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Stifel Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stifel Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2SI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $5.99
NYSE:SF Share Price ** NYSE (2020-04-01) in USD $38.75
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stifel Financial.

DB:2SI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SF Share Price ÷ EPS (both in USD)

= 38.75 ÷ 5.99

6.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stifel Financial is good value based on earnings compared to the DE Capital Markets industry average.
  • Stifel Financial is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Stifel Financial's expected growth come at a high price?
Raw Data
DB:2SI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-19.1%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:2SI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.47x ÷ -19.1%

-0.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stifel Financial earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Stifel Financial's assets?
Raw Data
DB:2SI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $48.37
NYSE:SF Share Price * NYSE (2020-04-01) in USD $38.75
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:2SI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SF Share Price ÷ Book Value per Share (both in USD)

= 38.75 ÷ 48.37

0.8x

* Primary Listing of Stifel Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stifel Financial is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Stifel Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Stifel Financial has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Stifel Financial expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-19.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stifel Financial expected to grow at an attractive rate?
  • Stifel Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Stifel Financial's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Stifel Financial's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2SI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2SI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -19.1%
DB:2SI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -0.6%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2SI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2SI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,274 2,782 296 6
2020-12-31 3,184 786 331 5
2020-04-01
DB:2SI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,316 627 431
2019-09-30 3,143 611 417
2019-06-30 3,065 434 414
2019-03-31 3,012 535 395
2018-12-31 3,025 530 385
2018-09-30 2,998 -263 269
2018-06-30 2,981 -73 231
2018-03-31 2,964 45 197
2017-12-31 2,926 680 173
2017-09-30 2,778 787 202
2017-06-30 2,699 682 154
2017-03-31 2,625 37 114

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stifel Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Stifel Financial's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2SI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Stifel Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2SI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.00 5.11 2.88 2.00
2020-12-31 2.59 4.34 0.84 2.00
2020-04-01
DB:2SI Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 5.99
2019-09-30 5.77
2019-06-30 5.71
2019-03-31 5.47
2018-12-31 5.36
2018-09-30 3.78
2018-06-30 3.29
2018-03-31 2.83
2017-12-31 2.53
2017-09-30 2.97
2017-06-30 2.29
2017-03-31 1.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Stifel Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Stifel Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stifel Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Stifel Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Stifel Financial's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stifel Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • Stifel Financial's 1-year earnings growth is less than its 5-year average (12.1% vs 31.6%)
  • Stifel Financial's earnings growth has exceeded the DE Capital Markets industry average in the past year (12.1% vs 3.2%).
Earnings and Revenue History
Stifel Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stifel Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2SI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,316.13 431.08 2,221.01
2019-09-30 3,143.38 416.95 2,092.46
2019-06-30 3,065.35 413.89 2,026.78
2019-03-31 3,012.39 395.04 1,994.63
2018-12-31 3,024.88 384.59 1,993.15
2018-09-30 2,998.29 268.54 2,149.42
2018-06-30 2,981.12 231.22 2,192.19
2018-03-31 2,964.03 196.75 2,208.19
2017-12-31 2,926.43 173.50 2,181.64
2017-09-30 2,778.13 202.37 1,921.45
2017-06-30 2,698.95 154.42 1,912.30
2017-03-31 2,625.45 113.73 1,919.30
2016-12-31 2,575.50 77.61 1,898.74
2016-09-30 2,495.39 64.25 1,920.66
2016-06-30 2,444.98 65.18 1,881.46
2016-03-31 2,390.59 76.29 1,821.03
2015-12-31 2,331.59 92.34 1,752.53
2015-09-30 2,328.38 126.65 1,712.08
2015-06-30 2,260.30 152.13 1,626.90
2015-03-31 2,222.65 174.85 1,567.06
2014-12-31 2,208.42 179.13 1,554.97
2014-09-30 2,185.31 185.77 1,533.87
2014-06-30 2,140.46 218.04 1,528.87
2014-03-31 2,074.03 205.35 1,488.89
2013-12-31 1,965.88 172.91 1,439.05
2013-09-30 1,822.20 164.07 1,335.41
2013-06-30 1,757.72 126.57 1,265.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Stifel Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stifel Financial used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Stifel Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Stifel Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stifel Financial has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Stifel Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Stifel Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stifel Financial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Stifel Financial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Stifel Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Stifel Financial Company Filings, last reported 3 months ago.

DB:2SI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,669.79 1,718.79 2,768.37
2019-09-30 3,557.75 1,891.79 2,960.98
2019-06-30 3,485.42 2,206.62 2,915.95
2019-03-31 3,433.20 2,191.37 2,837.11
2018-12-31 3,197.59 2,332.02 4,154.20
2018-09-30 3,161.57 2,782.73 2,682.26
2018-06-30 2,954.36 2,600.29 2,584.46
2018-03-31 2,917.54 2,571.90 2,474.39
2017-12-31 2,861.58 2,317.14 2,583.76
2017-09-30 2,932.41 1,887.51 2,303.13
2017-06-30 2,845.31 2,003.73 2,373.67
2017-03-31 2,777.90 2,072.61 2,397.42
2016-12-31 2,738.41 2,010.76 2,552.88
2016-09-30 2,691.69 1,869.81 2,550.11
2016-06-30 2,490.87 2,343.15 2,183.69
2016-03-31 2,416.88 1,953.41 2,271.55
2015-12-31 2,492.42 1,341.99 2,266.72
2015-09-30 2,493.09 1,089.92 1,842.21
2015-06-30 2,520.25 1,526.60 2,310.08
2015-03-31 2,363.24 819.60 1,744.37
2014-12-31 2,322.04 756.54 2,026.90
2014-09-30 2,238.55 932.65 2,051.39
2014-06-30 2,173.19 1,097.83 2,060.26
2014-03-31 2,100.14 1,112.57 2,132.09
2013-12-31 2,058.85 776.46 1,970.80
2013-09-30 1,994.49 1,008.55 1,996.90
2013-06-30 1,897.99 1,222.18 1,653.22
  • Stifel Financial's level of debt (46.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.6% vs 46.8% today).
  • Debt is well covered by operating cash flow (36.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Stifel Financial's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Stifel Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stifel Financial has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Stifel Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.75%
Current annual income from Stifel Financial dividends. Estimated to be 1.86% next year.
If you bought €2,000 of Stifel Financial shares you are expected to receive €35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stifel Financial's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Stifel Financial's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2SI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2SI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.77 4.00
2020-12-31 0.65 3.00
2020-04-01
DB:2SI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.680 1.507
2020-01-30 0.680 1.014
2019-11-06 0.600 0.969
2019-08-07 0.600 1.093
2019-05-16 0.600 1.045
2019-02-13 0.600 1.072
2019-02-01 0.600 1.157
2018-11-13 0.480 1.058
2018-08-20 0.480 0.943
2018-05-14 0.480 0.857
2018-02-14 0.480 0.792
2018-01-30 0.480 0.760
2017-11-14 0.400 0.667
2017-08-14 0.400 0.790

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Stifel Financial has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Stifel Financial only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Stifel Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.6x coverage).
X
Income/ dividend checks
We assess Stifel Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stifel Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stifel Financial has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Stifel Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ron Kruszewski
COMPENSATION $5,287,305
AGE 60
TENURE AS CEO 22.6 years
CEO Bio

Mr. Ronald James Kruszewski is Chairman of the Board and Chief Executive Officer of Stifel Financial Corp. and its principal subsidiary, Stifel, Nicolaus & Company, Incorporated. He joined the firm as Chief Executive Officer in 1997 and was named Chairman in 2001. Mr. Kruszewski is the current Chairman of the American Securities Association (ASA) and serves on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA). In 2019, he was appointed by the St. Louis Federal Reserve Board of Directors to serve a sixth consecutive one-year term on the Federal Advisory Council. Additionally, he serves on the Board of Trustees for Saint Louis University and the U.S. Ski and Snowboard Team Foundation. Active in community affairs, Mr. Kruszewski serves as Chairman of Downtown Now! and is a Member of the Board of Directors of the St. Louis Regional Chamber. He is also past Chairman of the Board of Directors of Downtown STL, Inc. and past non-executive Chairman of the Board of Directors of Angelica Corporation. Mr. Kruszewski is a Member of the Regional Business Council in St. Louis and of the St. Louis Chapter of the World Presidents’ Organization. In 2019, he won the Horatio Alger Award and was selected for membership in the Horatio Alger Association of Distinguished Americans. In 2019, he was also invited to join The Wall Street Journal’s CEO Council.

CEO Compensation
  • Ron's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ron's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Stifel Financial management team in years:

5.8
Average Tenure
54
Average Age
  • The average tenure for the Stifel Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ron Kruszewski

TITLE
Co-Chairman of the Board & CEO
COMPENSATION
$5M
AGE
60
TENURE
22.6 yrs

Jim Zemlyak

TITLE
Co-President & Head of Global Wealth Management
COMPENSATION
$3M
AGE
60
TENURE
5.8 yrs

Victor Nesi

TITLE
Co-President & Director of Institutional Group
COMPENSATION
$4M
AGE
59
TENURE
5.8 yrs

Jim Marischen

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
39
TENURE
1.7 yrs

Tom Michaud

TITLE
Senior Vice President
COMPENSATION
$5M
AGE
55

David Sliney

TITLE
Senior VP & COO
COMPENSATION
$803K
AGE
49
TENURE
1.7 yrs

Michael O'Keeffe

TITLE
Chief Investment Officer
TENURE
1.8 yrs

Brad Raymond

TITLE
Global Head of Investment Banking
AGE
53

Joel Jeffrey

TITLE
Senior Vice President of Investor relations

Mark Fisher

TITLE
Senior VP
AGE
49
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the Stifel Financial board of directors in years:

7.2
Average Tenure
71
Average Age
  • The tenure for the Stifel Financial board of directors is about average.
Board of Directors

Ron Kruszewski

TITLE
Co-Chairman of the Board & CEO
COMPENSATION
$5M
AGE
60
TENURE
19 yrs

Thom Weisel

TITLE
Co-Chairman of the Board
COMPENSATION
$2M
AGE
78

Jim Oates

TITLE
Independent Director
COMPENSATION
$213K
AGE
73
TENURE
24.3 yrs

Bob Grady

TITLE
Independent Lead Director
COMPENSATION
$238K
AGE
62
TENURE
2.8 yrs

Mike Brown

TITLE
Independent Director
COMPENSATION
$213K
AGE
73
TENURE
9.7 yrs

John Dubinsky

TITLE
Independent Director
COMPENSATION
$252K
AGE
75
TENURE
17.3 yrs

Michael Zimmerman

TITLE
Independent Director
COMPENSATION
$188K
AGE
69
TENURE
7.2 yrs

Kathleen Brown

TITLE
Independent Director
COMPENSATION
$188K
AGE
73
TENURE
3.8 yrs

Maura Markus

TITLE
Independent Director
COMPENSATION
$188K
AGE
61
TENURE
3.8 yrs

Dave Peacock

TITLE
Independent Director
COMPENSATION
$188K
AGE
51
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • Stifel Financial individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Buy David Peacock Individual 25. Mar 20 25. Mar 20 1,000 €37.83 €37,830
23. Mar 20 Buy David Peacock Individual 23. Mar 20 23. Mar 20 1,000 €30.23 €30,231
20. Mar 20 Buy Ronald Kruszewski Individual 19. Mar 20 19. Mar 20 10,000 €29.74 €297,415
11. Mar 20 Sell Robert Grady Individual 09. Mar 20 09. Mar 20 -5,000 €37.96 €-189,788
04. Feb 20 Sell Thomas Weisel Individual 31. Jan 20 03. Feb 20 -27,583 €59.77 €-1,630,952
30. Dec 19 Sell James Zemlyak Individual 26. Dec 19 26. Dec 19 -3,303 €55.53 €-183,430
23. Dec 19 Sell James Oates Individual 20. Dec 19 20. Dec 19 -10,000 €55.97 €-559,682
17. Dec 19 Sell Victor Nesi Individual 16. Dec 19 16. Dec 19 -1,875 €55.84 €-104,697
12. Dec 19 Sell Robert Grady Individual 11. Dec 19 11. Dec 19 -4,000 €55.29 €-221,179
08. Nov 19 Sell Richard Himelfarb Individual 07. Nov 19 07. Nov 19 -10,000 €55.00 €-550,031
06. Nov 19 Sell Allen Brautigam Individual 04. Nov 19 04. Nov 19 -1,000 €53.52 €-53,518
06. Nov 19 Sell Victor Nesi Individual 04. Nov 19 05. Nov 19 -1,875 €54.20 €-101,633
13. Sep 19 Sell Mark Fisher Individual 13. Sep 19 13. Sep 19 -10,000 €53.57 €-535,741
11. Sep 19 Sell John Dubinsky Individual 10. Sep 19 10. Sep 19 -2,150 €51.40 €-110,511
09. Sep 19 Sell Ben Plotkin Individual 09. Sep 19 09. Sep 19 -9,012 €50.40 €-454,175
05. Sep 19 Sell John Dubinsky Individual 05. Sep 19 05. Sep 19 -1,500 €49.52 €-74,277
03. Sep 19 Sell Robert Grady Individual 30. Aug 19 30. Aug 19 -2,500 €48.60 €-121,492
11. Jul 19 Sell Victor Nesi Individual 10. Jul 19 10. Jul 19 -1,415 €53.43 €-75,610
03. Jul 19 Sell Victor Nesi Individual 01. Jul 19 01. Jul 19 -3,585 €53.03 €-190,105
21. Jun 19 Sell John Dubinsky Individual 19. Jun 19 19. Jun 19 -2,000 €51.04 €-102,077
15. May 19 Sell Victor Nesi Individual 15. May 19 15. May 19 -1,250 €50.02 €-62,523
10. May 19 Sell James Oates Individual 09. May 19 09. May 19 -20,000 €52.19 €-1,043,727
X
Management checks
We assess Stifel Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stifel Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Canada. The company operates through Global Wealth Management, Institutional Group, and Other segments. It provides private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading and research, and municipal finance services; investment banking services, such as mergers and acquisitions, public offerings, and private placements; and retail and commercial banking services comprising personal and commercial lending programs, as well as deposit accounts. The company also participates and manages in underwritings for corporate and public finance. Stifel Financial Corp. was founded in 1890 and is headquartered in St. Louis, Missouri.

Details
Name: Stifel Financial Corp.
2SI
Exchange: DB
Founded: 1890
$2,611,929,153
69,531,294
Website: http://www.stifel.com
Address: Stifel Financial Corp.
One Financial Plaza,
501 North Broadway,
St. Louis,
Missouri, 63102-2188,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SF Common Stock New York Stock Exchange US USD 19. Jul 1983
DB 2SI Common Stock Deutsche Boerse AG DE EUR 19. Jul 1983
NYSE SF.PRA DSHS 1/40 PF A New York Stock Exchange US USD 12. Jul 2016
NYSE SF.PRB 6.25 DPSHS PFD B New York Stock Exchange US USD 22. Feb 2019
Number of employees
Current staff
Staff numbers
8,205
Stifel Financial employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 22:44
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.