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INTL FCStone

DB:I4F
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
I4F
DB
$666M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

INTL FCStone Inc. operates as a financial services company worldwide. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • INTL FCStone has significant price volatility in the past 3 months.
I4F Share Price and Events
7 Day Returns
1.9%
DB:I4F
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-4.5%
DB:I4F
-8.8%
DE Capital Markets
-17.5%
DE Market
I4F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
INTL FCStone (I4F) 1.9% -20.9% -24.5% -4.5% -6.7% -
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • I4F outperformed the Capital Markets industry which returned -8.8% over the past year.
  • I4F outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
I4F
Industry
5yr Volatility vs Market

I4F Value

 Is INTL FCStone 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 INTL FCStone 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 INTL FCStone.

DB:I4F 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
= $25.82 * 10.7%
$2.76
Book Value of Equity per Share Median Book Value from the past 5 years. $25.82
Discount Rate (Cost of Equity) See below 10.5%
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:I4F
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))
= 0.754 (1 + (1- 21%) (721.57%))
3.716
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:I4F using Excess Returns Model Model

The calculations below outline how an intrinsic value for INTL FCStone 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:I4F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.7% – 10.49%) * $25.82)
$0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.05 / (10.49% - -0.39%)
$0.51
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $25.82 + $0.51
$26.32
DB:I4F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:I4F represents 0.9452x of NasdaqGS:INTL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9452x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.32 x 0.9452
€24.88
Value per share (EUR) From above. €24.88
Current discount Discount to share price of €32.60
= -1 x (€32.60 - €24.88) / €24.88
-31%

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

  • The current share price of INTL FCStone is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 INTL FCStone's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are INTL FCStone's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:I4F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $4.35
NasdaqGS:INTL Share Price ** NasdaqGS (2020-03-27) in USD $34.49
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

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

** Primary Listing of INTL FCStone.

DB:I4F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:INTL Share Price ÷ EPS (both in USD)

= 34.49 ÷ 4.35

7.92x

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

  • INTL FCStone is good value based on earnings compared to the DE Capital Markets industry average.
  • INTL FCStone is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does INTL FCStone's expected growth come at a high price?
Raw Data
DB:I4F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for INTL FCStone, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on INTL FCStone's assets?
Raw Data
DB:I4F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $31.89
NasdaqGS:INTL Share Price * NasdaqGS (2020-03-27) in USD $34.49
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:I4F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:INTL Share Price ÷ Book Value per Share (both in USD)

= 34.49 ÷ 31.89

1.08x

* Primary Listing of INTL FCStone.

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

  • INTL FCStone is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess INTL FCStone'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. INTL FCStone has a total score of 3/6, 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.

I4F Future Performance

 How is INTL FCStone expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as INTL FCStone has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
41.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is INTL FCStone expected to grow at an attractive rate?
  • Unable to compare INTL FCStone's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare INTL FCStone's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare INTL FCStone's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:I4F Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:I4F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:I4F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 37,434 1,076 82
2019-09-30 32,742 196 84
2019-06-30 27,557 1,296 72
2019-03-31 26,823 438 80
2018-12-31 26,157 -502 79
2018-09-30 27,542 -474 55
2018-06-30 33,859 -1,016 16
2018-03-31 32,258 -590 5
2017-12-31 31,220 -54 -7
2017-09-30 29,382 1,037 6
2017-06-30 19,781 -11 46
2017-03-31 19,147 75 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if INTL FCStone is high growth as no earnings estimate data is available.
  • Unable to determine if INTL FCStone is high growth as no revenue estimate data is available.
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:I4F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from INTL FCStone Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:I4F Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 4.35
2019-09-30 4.46
2019-06-30 3.87
2019-03-31 4.29
2018-12-31 4.27
2018-09-30 2.94
2018-06-30 0.87
2018-03-31 0.26
2017-12-31 -0.37
2017-09-30 0.34
2017-06-30 2.50
2017-03-31 2.62

*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.
  • Unable to establish if INTL FCStone will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether INTL FCStone is trading at INTL FCStone'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. INTL FCStone's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. INTL FCStone's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess INTL FCStone'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.
INTL FCStone 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.

I4F Past Performance

  How has INTL FCStone 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 INTL FCStone'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.
  • INTL FCStone's year on year earnings growth rate has been positive over the past 5 years.
  • INTL FCStone's 1-year earnings growth is less than its 5-year average (2.9% vs 12.5%)
  • INTL FCStone's earnings growth has not exceeded the DE Capital Markets industry average in the past year (2.9% vs 5.1%).
Earnings and Revenue History
INTL FCStone'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 INTL FCStone Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:I4F 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 37,434.30 81.70 463.80
2019-09-30 32,742.30 83.60 443.70
2019-06-30 27,557.00 72.30 432.40
2019-03-31 26,822.70 80.00 415.70
2018-12-31 26,156.90 79.40 401.00
2018-09-30 27,542.00 54.60 389.30
2018-06-30 33,859.00 16.10 420.90
2018-03-31 32,257.50 4.80 406.00
2017-12-31 31,220.30 -6.80 394.00
2017-09-30 29,381.50 6.30 389.00
2017-06-30 19,781.10 45.80 333.50
2017-03-31 19,147.20 47.80 322.70
2016-12-31 17,398.20 51.20 308.50
2016-09-30 14,726.60 53.70 302.70
2016-06-30 14,579.90 57.90 300.40
2016-03-31 13,709.30 55.40 293.80
2015-12-31 24,445.00 53.90 292.90
2015-09-30 34,676.10 54.40 283.30
2015-06-30 42,705.90 39.50 269.20
2015-03-31 45,718.30 31.20 255.90
2014-12-31 39,730.90 26.00 243.50
2014-09-30 34,011.90 19.10 234.60
2014-06-30 32,283.80 15.00 226.30
2014-03-31 34,938.50 16.40 228.10
2013-12-31 38,256.00 10.50 224.90
2013-09-30 42,485.40 17.80 223.80
2013-06-30 49,923.80 21.90 221.20
2013-03-31 57,615.00 21.60 218.00

*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.
  • INTL FCStone has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • INTL FCStone used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if INTL FCStone 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 INTL FCStone'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.
INTL FCStone has a total score of 1/6, 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.

I4F Health

 How is INTL FCStone'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 INTL FCStone's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • INTL FCStone is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • INTL FCStone's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of INTL FCStone'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 2.1x 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 INTL FCStone Company Filings, last reported 2 months ago.

DB:I4F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 614.90 4,767.40 6,927.50
2019-09-30 594.20 4,661.60 6,544.10
2019-06-30 570.50 4,848.00 6,561.40
2019-03-31 551.80 4,391.20 6,362.30
2018-12-31 526.00 3,848.30 5,587.60
2018-09-30 505.30 2,763.20 4,902.10
2018-06-30 487.70 2,469.70 4,509.70
2018-03-31 466.60 2,638.70 4,601.70
2017-12-31 443.20 2,431.40 3,497.30
2017-09-30 449.90 2,051.40 3,058.70
2017-06-30 469.10 2,131.00 3,405.20
2017-03-31 455.70 2,032.30 4,100.90
2016-12-31 442.60 2,045.10 3,762.40
2016-09-30 433.80 1,605.30 3,668.20
2016-06-30 415.50 1,918.90 3,941.60
2016-03-31 408.20 1,492.50 3,701.00
2015-12-31 403.70 1,442.70 2,967.70
2015-09-30 397.10 1,148.50 2,772.20
2015-06-30 382.40 1,254.70 2,784.30
2015-03-31 369.50 1,082.20 2,484.80
2014-12-31 355.00 174.90 1,085.50
2014-09-30 345.40 152.40 877.20
2014-06-30 339.90 182.00 777.20
2014-03-31 337.90 150.90 1,041.10
2013-12-31 337.30 140.00 578.90
2013-09-30 335.40 137.20 764.00
2013-06-30 334.00 188.20 683.20
2013-03-31 329.20 265.40 820.30
  • INTL FCStone's level of debt (775.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (52.1% vs 775.3% today).
  • Debt is well covered by operating cash flow (22.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on INTL FCStone's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess INTL FCStone'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. INTL FCStone has a total score of 3/6, 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.

I4F Dividends

 What is INTL FCStone'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
0%
Current annual income from INTL FCStone dividends.
If you bought €2,000 of INTL FCStone shares you are expected to receive €0 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?
  • Unable to evaluate INTL FCStone's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate INTL FCStone's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:I4F 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 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as INTL FCStone has not reported any payouts.
  • Unable to verify if INTL FCStone's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of INTL FCStone's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as INTL FCStone has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess INTL FCStone'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 INTL FCStone afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. INTL FCStone has a total score of 0/6, see the detailed checks below.


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

I4F Management

 What is the CEO of INTL FCStone'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
Sean O'Connor
COMPENSATION $5,834,804
AGE 56
TENURE AS CEO 17.4 years
CEO Bio

Mr. Sean Michael O'Connor has been the Chief Executive Officer of INTL FCStone Inc. since joining in October 2002 and its President since October 1, 2015. In December 2002, he was elected to the Board of Directors. Mr. O'Connor has been Chief Executive Officer of IAHC (Bermuda) Ltd. since December 2002. He serves as Chief Executive Officer of INTL Trading Inc. and served as its President since November 2002. In December 2002, Mr. O'Connor was elected to the Board of Directors and as an officer of OffshoreTrader.Com (OTCL) where he serves as Chief Executive Officer. From 1994 to 2002, Mr. O'Connor served as the Chief Executive Officer of Standard New York Securities, a division of Standard Bank. From 1999 to 2002, Mr. O'Connor served as Executive Director of Standard Bank London, Ltd. He is Director of IAHC (Bermuda) Ltd. since December 2002. He serves as Director of Consilium Investment Management LLC. Mr. O'Connor's strong leadership skills, extensive financial experience, and knowledge, its products and services is valuable to the Board. In 2002, Mr. O'Connor made a significant equity investment in INTL FCStone Inc. and since that time has led INTL FCStone Inc. and guided its successful strategy and growth. In addition to his other skills and qualifications, Mr. O'Connor's position as Chief Executive Officer and President serves as a valuable link between the management and vision of INTL FCStone Inc. and the Board of Directors, allowing the Board to perform its oversight role with the benefit of management's perspective on business, strategy and opportunities.

CEO Compensation
  • Sean's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Sean's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the INTL FCStone management team in years:

6.2
Average Tenure
47
Average Age
  • The average tenure for the INTL FCStone management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sean O'Connor

TITLE
President
COMPENSATION
$6M
AGE
56
TENURE
17.4 yrs

Bill Dunaway

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
47
TENURE
10.4 yrs

Xuong Nguyen

TITLE
Chief Operating Officer
COMPENSATION
$3M
AGE
50
TENURE
4.4 yrs

Philip Smith

TITLE
Chief Executive Officer of INTL FCStone Ltd
COMPENSATION
$3M
AGE
46
TENURE
6.2 yrs

Charles Lyon

TITLE
Executive Vice President of INTL FCStone Financial Inc
COMPENSATION
$3M
AGE
43

Aaron Schroeder

TITLE
Chief Accounting Officer
AGE
43
TENURE
5.3 yrs

Bruce Fields

TITLE
Group Treasurer
TENURE
4.2 yrs

Brian Sephton

TITLE
Chief Legal & Governance Officer
COMPENSATION
$506K
AGE
62
TENURE
10.4 yrs

Kent Coughlin

TITLE
Director of Public Relations

Bill Silverstein

TITLE
Head of The Base Metals Business
Board of Directors Tenure

Average tenure and age of the INTL FCStone board of directors in years:

10.4
Average Tenure
62
Average Age
  • The average tenure for the INTL FCStone board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Stanislas Radziwill

TITLE
Independent Chairman of the Board
COMPENSATION
$232K
AGE
71
TENURE
8.1 yrs

Sean O'Connor

TITLE
President
COMPENSATION
$6M
AGE
56
TENURE
17.3 yrs

Scott Branch

TITLE
Non-Executive Director
COMPENSATION
$153K
AGE
57
TENURE
17.3 yrs

John Fowler

TITLE
Independent Non-Executive Director
COMPENSATION
$202K
AGE
70
TENURE
15 yrs

Eric Parthemore

TITLE
Independent Non-Executive Director
COMPENSATION
$203K
AGE
70
TENURE
10.4 yrs

Steve Kass

TITLE
Independent Non-Executive Director
COMPENSATION
$198K
AGE
62
TENURE
2.1 yrs

Bruce Krehbiel

TITLE
Independent Non-Executive Director
COMPENSATION
$198K
AGE
66
TENURE
10.4 yrs

Diane Cooper

TITLE
Independent Non-Executive Director
COMPENSATION
$171K
AGE
59
TENURE
1.5 yrs

Annabelle Bexiga

TITLE
Director
AGE
57
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Sep 19 Sell Eric Parthemore Individual 17. Sep 19 17. Sep 19 -260 €39.61 €-10,299
12. Sep 19 Sell Charles Lyon Individual 11. Sep 19 12. Sep 19 -7,441 €39.70 €-292,243
28. Aug 19 Buy Scott Branch Individual 23. Aug 19 27. Aug 19 10,853 €33.58 €361,182
27. Aug 19 Sell Patricia Harrod Individual 27. Aug 19 27. Aug 19 -1,091 €33.32 €-36,357
20. Aug 19 Sell Philip Smith Individual 19. Aug 19 19. Aug 19 -6,067 €34.43 €-208,912
X
Management checks
We assess INTL FCStone'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. INTL FCStone 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.

I4F News

Simply Wall St News

I4F Company Info

Description

INTL FCStone Inc. operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides foreign exchange and treasury services to banks and commercial businesses; charities and non-governmental organizations, and government organizations; and payments services. The company’s Securities segment offers value-added solutions that facilitate cross-border trading in foreign securities, including unlisted American Depositary Receipts, Global Depository Receipts, and foreign ordinary shares. It also operates as an institutional dealer in fixed income securities to serve asset managers, commercial bank trust and investment departments, broker-dealers, and insurance companies. In addition, this segment originates, structures, and places debt instruments; trades in various international debt instruments; and operates an asset management business. The company’s Physical Commodities segment provides a range of trading and hedging services comprising over-the-counter (OTC) products for various producers, consumers, and investors. It also provides financing services to commercial commodity-related companies against physical inventories. The company’s Clearing and Execution Services segment offers prime brokerage foreign exchange services for the financial institutions and professional traders; provides a range of OTC products, such as 24-hour a day execution of spot, forwards, and options, as well as non-deliverable forwards; and operates a proprietary foreign exchange desk that arbitrages the exchange-traded foreign exchange markets with the cash markets. The company was formerly known as International Assets Holding Corporation and changed its name to INTL FCStone Inc. in March 2011. INTL FCStone Inc. was founded in 1924 and is headquartered in New York City, New York.

Details
Name: INTL FCStone Inc.
I4F
Exchange: DB
Founded: 1924
$600,404,325
19,301,552
Website: http://www.intlfcstone.com
Address: INTL FCStone Inc.
155 East 44th Street,
Suite 900,
New York City,
New York, 10017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS INTL Common Shares Nasdaq Global Select US USD 13. Feb 1995
DB I4F Common Shares Deutsche Boerse AG DE EUR 13. Feb 1995
Number of employees
Current staff
Staff numbers
2,091
INTL FCStone employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 23:57
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


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.