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Piper Sandler Companies

DB:PJR
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PJR
DB
$682M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Piper Sandler Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Piper Sandler Companies has significant price volatility in the past 3 months.
PJR Share Price and Events
7 Day Returns
18%
DB:PJR
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-31.1%
DB:PJR
-11.8%
DE Capital Markets
-20.4%
DE Market
PJR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Piper Sandler Companies (PJR) 18% -34.4% -37.2% -31.1% -22.5% -8.1%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • PJR underperformed the Capital Markets industry which returned -11.8% over the past year.
  • PJR underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
PJR
Industry
5yr Volatility vs Market

Value

 Is Piper Sandler Companies 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 Piper Sandler Companies 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 Piper Sandler Companies.

DB:PJR 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
= $52.38 * 2.2%
$1.17
Book Value of Equity per Share Median Book Value from the past 5 years. $52.38
Discount Rate (Cost of Equity) See below 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:PJR
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))
= 0.747 (1 + (1- 21%) (41.97%))
0.996
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.996 * 5.44%)
5.03%

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

The calculations below outline how an intrinsic value for Piper Sandler Companies 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:PJR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.2% – 5.03%) * $52.38)
$-1.46
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.46 / (5.03% - -0.39%)
$-26.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $52.38 + $-26.99
$25.39
DB:PJR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PJR represents 0.89721x of NYSE:PIPR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89721x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.39 x 0.89721
€22.78
Value per share (EUR) From above. €22.78
Current discount Discount to share price of €44.60
= -1 x (€44.60 - €22.78) / €22.78
-95.8%

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

  • The current share price of Piper Sandler Companies 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 Piper Sandler Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Piper Sandler Companies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PJR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $6.15
NYSE:PIPR Share Price ** NYSE (2020-04-02) in USD $49.71
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Piper Sandler Companies.

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

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

= 49.71 ÷ 6.15

8.08x

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

  • Piper Sandler Companies is good value based on earnings compared to the DE Capital Markets industry average.
  • Piper Sandler Companies is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Piper Sandler Companies's expected growth come at a high price?
Raw Data
DB:PJR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Piper Sandler Companies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Piper Sandler Companies's assets?
Raw Data
DB:PJR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $53.31
NYSE:PIPR Share Price * NYSE (2020-04-02) in USD $49.71
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:PJR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 49.71 ÷ 53.31

0.93x

* Primary Listing of Piper Sandler Companies.

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

  • Piper Sandler Companies is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Piper Sandler Companies'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. Piper Sandler Companies 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.

Future Performance

 How is Piper Sandler Companies expected to perform in the next 1 to 3 years based on estimates from 3 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
-19.8%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Piper Sandler Companies expected to grow at an attractive rate?
  • Piper Sandler Companies'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
  • Piper Sandler Companies's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Piper Sandler Companies's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PJR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PJR Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -19.8%
DB:PJR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 18.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:PJR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PJR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,186 2
2020-12-31 1,135 3
2020-04-02
DB:PJR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 835 68 83
2019-09-30 814 168 64
2019-06-30 819 261 68
2019-03-31 809 392 61
2018-12-31 741 510 49
2018-09-30 762 142 -15
2018-06-30 797 335 -83
2018-03-31 832 186 -75
2017-12-31 824 203 20
2017-09-30 861 427 -53
2017-06-30 822 149 7
2017-03-31 794 287 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Piper Sandler Companies's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Piper Sandler Companies's revenue is expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
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:PJR 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 3 Analyst Estimates (S&P Global) See Below

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

DB:PJR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.68 4.68 4.68 1.00
2020-12-31 3.62 3.62 3.62 1.00
2020-04-02
DB:PJR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 6.15
2019-09-30 4.76
2019-06-30 5.13
2019-03-31 4.61
2018-12-31 3.67
2018-09-30 -1.13
2018-06-30 -6.38
2018-03-31 -5.80
2017-12-31 1.58
2017-09-30 -4.15
2017-06-30 0.53
2017-03-31 -0.58

*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.
  • Piper Sandler Companies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Piper Sandler Companies'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.
Piper Sandler Companies has a total score of 1/6, 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 Piper Sandler Companies 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 Piper Sandler Companies'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.
  • Piper Sandler Companies's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Piper Sandler Companies's 1-year earnings growth exceeds its 5-year average (71.6% vs -4.8%)
  • Piper Sandler Companies's earnings growth has exceeded the DE Capital Markets industry average in the past year (71.6% vs 5.7%).
Earnings and Revenue History
Piper Sandler Companies'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 Piper Sandler Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PJR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 834.57 83.43 581.67
2019-09-30 813.96 63.84 576.15
2019-06-30 819.18 68.34 581.35
2019-03-31 809.12 61.18 587.18
2018-12-31 740.95 48.61 549.62
2018-09-30 762.26 -14.85 592.86
2018-06-30 796.87 -83.26 628.95
2018-03-31 832.26 -75.02 654.98
2017-12-31 823.62 20.19 650.25
2017-09-30 861.30 -52.53 655.46
2017-06-30 821.58 6.67 622.74
2017-03-31 794.32 -7.25 607.06
2016-12-31 747.35 -21.95 575.83
2016-09-30 722.25 24.63 548.39
2016-06-30 671.02 20.23 506.95
2016-03-31 664.60 34.37 489.56
2015-12-31 672.92 48.06 480.02
2015-09-30 626.10 47.66 444.84
2015-06-30 635.91 56.85 447.04
2015-03-31 641.88 57.86 446.11
2014-12-31 648.14 58.14 450.00
2014-09-30 685.17 71.64 466.46
2014-06-30 654.05 64.42 445.52
2014-03-31 583.80 51.94 406.18
2013-12-31 525.20 45.34 369.56
2013-09-30 478.53 34.01 344.91
2013-06-30 481.72 39.29 341.91

*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.
  • Piper Sandler Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Piper Sandler Companies used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Piper Sandler Companies 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 Piper Sandler Companies'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.
Piper Sandler Companies has a total score of 3/6, 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 Piper Sandler Companies'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 Piper Sandler Companies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Piper Sandler Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Piper Sandler Companies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Piper Sandler Companies'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 5.3x 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 Piper Sandler Companies Company Filings, last reported 3 months ago.

DB:PJR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 806.53 229.03 889.78
2019-09-30 762.10 57.03 694.37
2019-06-30 725.79 57.04 609.46
2019-03-31 713.67 55.81 659.90
2018-12-31 730.42 54.50 677.59
2018-09-30 747.42 179.19 866.89
2018-06-30 737.20 180.92 835.88
2018-03-31 735.01 315.50 1,061.45
2017-12-31 741.24 419.97 1,417.17
2017-09-30 786.79 207.28 1,146.26
2017-06-30 834.74 472.01 1,177.87
2017-03-31 821.96 488.11 1,355.30
2016-12-31 816.27 614.09 1,316.62
2016-09-30 839.02 628.49 1,360.72
2016-06-30 827.26 717.73 1,351.41
2016-03-31 852.94 690.78 1,379.09
2015-12-31 832.82 669.71 1,446.36
2015-09-30 832.60 589.56 1,467.37
2015-06-30 953.66 699.40 1,711.13
2015-03-31 987.13 822.46 2,218.59
2014-12-31 969.46 616.23 2,022.98
2014-09-30 945.35 541.10 1,833.56
2014-06-30 929.76 515.80 1,746.28
2014-03-31 917.08 612.86 1,622.12
2013-12-31 882.07 652.31 1,734.88
2013-09-30 856.99 825.20 1,794.13
2013-06-30 867.86 667.81 1,720.32
  • Piper Sandler Companies's level of debt (28.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.8% vs 28.4% today).
  • Debt is well covered by operating cash flow (29.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Piper Sandler Companies's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Piper Sandler Companies'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. Piper Sandler Companies has a total score of 5/6, 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 Piper Sandler Companies'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
4.53%
Current annual income from Piper Sandler Companies dividends. Estimated to be 3.42% next year.
If you bought €2,000 of Piper Sandler Companies shares you are expected to receive €91 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?
  • Piper Sandler Companies's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Piper Sandler Companies's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
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:PJR 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 3 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
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 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:PJR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.80 1.00
2020-12-31 1.60 1.00
2020-04-02
DB:PJR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-28 2.250 4.578
2020-01-31 2.250 2.734
2019-11-07 2.510 3.116
2019-10-30 2.510 3.160
2019-04-26 2.510 3.366
2019-02-01 2.510 3.438
2018-10-26 2.510 3.658
2018-07-27 1.500 1.990
2018-02-01 1.500 1.861
2017-11-08 1.250 1.518
2017-10-26 1.250 1.780
2017-08-04 1.250 2.161
2017-07-27 1.250 1.973
2017-02-02 1.250 1.956

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

  • Piper Sandler Companies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Piper Sandler Companies only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Piper Sandler Companies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Piper Sandler Companies'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 Piper Sandler Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Piper Sandler Companies 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 Piper Sandler Companies'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
Chad Abraham
COMPENSATION $5,389,867
AGE 50
TENURE AS CEO 2.3 years
CEO Bio

Mr. Chad Richard Abraham has been the Chief Executive Officer of Piper Sandler Companies (the “Company”) since January 2018 and is its Chairman since May 17, 2019. Mr. Abraham served as Co-Head of Global Investment Banking and Capital Markets from October 2010 to December 2017. Prior to that, he served as Head of Equity Capital Markets since November 2005. Mr. Abraham joined the Company in 1991 as an investment banking Analyst. He spent the next 13 years on the West Coast as a banker in the company’s technology investment banking group. He was promoted to Managing Director and Head of Technology investment banking in 1999. He serves on the Board of Trustees of the Nature Conservancy’s Minnesota, South Dakota and North Dakota chapter and the Board of Trustees of The Blake School. He graduated from Northwestern University with a Bachelor’s degree in Economics and Political Science.

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

Average tenure and age of the Piper Sandler Companies management team in years:

2.3
Average Tenure
51
Average Age
  • The tenure for the Piper Sandler Companies management team is about average.
Management Team

Chad Abraham

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
50
TENURE
2.3 yrs

Deb Schoneman

TITLE
President
COMPENSATION
$3M
AGE
50
TENURE
2.3 yrs

Tim Carter

TITLE
MD & CFO
COMPENSATION
$1M
AGE
52
TENURE
2.3 yrs

Scott Larue

TITLE
MD & Global Co-Head of Investment Banking & Capital Markets
COMPENSATION
$4M
AGE
58
TENURE
9.5 yrs

John Geelan

TITLE
MD, General Counsel & Secretary
COMPENSATION
$815K
AGE
43
TENURE
7.3 yrs

Frank Fairman

TITLE
Head of Public Finance Services & MD
COMPENSATION
$1M
AGE
61
TENURE
14.8 yrs

Jonathan Doyle

TITLE
Vice Chairman
AGE
53

James Baker

TITLE
MD and Global Co-Head of Investment Banking & Capital Markets
AGE
51
TENURE
1.3 yrs

Shawn Quant

TITLE
MD & Chief Information Officer

Christine Esckilsen

TITLE
Chief Human Capital Officer & MD
AGE
50
Board of Directors Tenure

Average tenure and age of the Piper Sandler Companies board of directors in years:

1.6
Average Tenure
57
Average Age
  • The average tenure for the Piper Sandler Companies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chad Abraham

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
50
TENURE
0.9 yrs

Deb Schoneman

TITLE
President
COMPENSATION
$3M
AGE
50
TENURE
1.6 yrs

Jonathan Doyle

TITLE
Vice Chairman
AGE
53
TENURE
0.3 yrs

Phil Soran

TITLE
Lead Independent Director
COMPENSATION
$185K
AGE
62

Scott Taylor

TITLE
Independent Director
COMPENSATION
$162K
AGE
55
TENURE
6.2 yrs

Sherry Smith

TITLE
Independent Director
COMPENSATION
$166K
AGE
57
TENURE
4.3 yrs

Tad Piper

TITLE
Independent Director
COMPENSATION
$156K
AGE
72
TENURE
16.3 yrs

Bill Fitzgerald

TITLE
Independent Director
COMPENSATION
$152K
AGE
62
TENURE
6.1 yrs

Tom Schreier

TITLE
Director
COMPENSATION
$107K
AGE
57
TENURE
1.6 yrs

Vicki Holt

TITLE
Director
AGE
61
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Piper Sandler Companies individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Timothy Carter Individual 20. Mar 20 20. Mar 20 2,000 €35.20 €70,398
20. Mar 20 Buy Chad Abraham Individual 19. Mar 20 20. Mar 20 2,000 €35.99 €65,805
17. Mar 20 Buy Debbra Schoneman Individual 13. Mar 20 13. Mar 20 5,000 €42.47 €212,351
12. Mar 20 Buy Scott Larue Individual 11. Mar 20 11. Mar 20 10,000 €48.36 €483,579
X
Management checks
We assess Piper Sandler Companies'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. Piper Sandler Companies 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

Piper Sandler Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company’s Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It raises capital through equity and debt financings; provides advisory services related to mergers and acquisitions, equity private placements, and debt and restructuring advisory for corporate clients; underwrites debt issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. It also provides public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, this segment offers equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities; and engages in trading activities. Further, it is involved in the merchant banking activities, which comprise equity investments in private companies, private equity funds, and other firm investments; and operates alternative asset management funds in merchant banking, energy, and senior living areas. The company’s Asset Management segment provides asset management services with product offerings in equity securities and master limited partnerships to institutions and individuals through separately managed accounts, and open-end and closed-end funds. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

Details
Name: Piper Sandler Companies
PJR
Exchange: DB
Founded: 1895
$623,586,327
13,717,315
Website: http://www.pipersandler.com
Address: Piper Sandler Companies
800 Nicollet Mall,
Suite 1000,
Minneapolis,
Minnesota, 55402,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PIPR Common Stock New York Stock Exchange US USD 19. Dec 2003
DB PJR Common Stock Deutsche Boerse AG DE EUR 19. Dec 2003
Number of employees
Current staff
Staff numbers
1,249
Piper Sandler Companies employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 23:04
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/03
Last earnings filing: 2020/02/28
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.