Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Waddell & Reed Financial

DB:WDDA
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WDDA
DB
$731M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Waddell & Reed Financial is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Waddell & Reed Financial has significant price volatility in the past 3 months.
WDDA Share Price and Events
7 Day Returns
-2.9%
DB:WDDA
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-33.6%
DB:WDDA
-11.8%
DE Capital Markets
-20.4%
DE Market
WDDA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Waddell & Reed Financial (WDDA) -2.9% -21.1% -30.3% -33.6% -34.6% -78.1%
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
  • WDDA underperformed the Capital Markets industry which returned -11.8% over the past year.
  • WDDA underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
WDDA
Industry
5yr Volatility vs Market

Value

 Is Waddell & Reed 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 Waddell & Reed 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 Waddell & Reed Financial.

DB:WDDA 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
= $11.02 * 17.7%
$1.95
Book Value of Equity per Share Median Book Value from the past 5 years. $11.02
Discount Rate (Cost of Equity) See below 4.5%
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:WDDA
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%) (16.47%))
0.895
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.895 * 5.44%)
4.48%

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

The calculations below outline how an intrinsic value for Waddell & Reed 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:WDDA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.7% – 4.48%) * $11.02)
$1.45
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.45 / (4.48% - -0.39%)
$29.86
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $11.02 + $29.86
$40.88
DB:WDDA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WDDA represents 0.89381x of NYSE:WDR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89381x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 40.88 x 0.89381
€36.54
Value per share (EUR) From above. €36.54
Current discount Discount to share price of €10.10
= -1 x (€10.10 - €36.54) / €36.54
72.4%

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

Current Discount
Amount off the current price Waddell & Reed Financial is available for.
Intrinsic value
>50%
Share price is €10.1 vs Future cash flow value of €36.54
Current Discount Checks
For Waddell & Reed Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Waddell & Reed Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Waddell & Reed Financial's share price is below the future cash flow value, and 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 Waddell & Reed Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Waddell & Reed Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WDDA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.57
NYSE:WDR Share Price ** NYSE (2020-04-02) in USD $11.3
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 Waddell & Reed Financial.

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

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

= 11.3 ÷ 1.57

7.2x

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

  • Waddell & Reed Financial is good value based on earnings compared to the DE Capital Markets industry average.
  • Waddell & Reed Financial is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Waddell & Reed Financial's expected growth come at a high price?
Raw Data
DB:WDDA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-2.9%per year
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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.2x ÷ -2.9%

-2.51x

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

  • Waddell & Reed 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 Waddell & Reed Financial's assets?
Raw Data
DB:WDDA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.75
NYSE:WDR Share Price * NYSE (2020-04-02) in USD $11.3
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:WDDA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.3 ÷ 11.75

0.96x

* Primary Listing of Waddell & Reed Financial.

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

  • Waddell & Reed Financial is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Waddell & Reed 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. Waddell & Reed Financial has a total score of 5/6, 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 Waddell & Reed Financial expected to perform in the next 1 to 3 years based on estimates from 7 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
-2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Waddell & Reed Financial expected to grow at an attractive rate?
  • Waddell & Reed 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
  • Waddell & Reed Financial's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Waddell & Reed 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:WDDA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WDDA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -2.9%
DB:WDDA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -4.8%
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:WDDA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WDDA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 944 1
2021-12-31 967 154 108 7
2020-12-31 1,000 185 118 7
2020-04-02
DB:WDDA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,070 166 115
2019-09-30 1,072 178 146
2019-06-30 1,097 207 159
2019-03-31 1,122 289 169
2018-12-31 1,160 357 184
2018-09-30 1,183 327 167
2018-06-30 1,177 254 174
2018-03-31 1,168 38 154
2017-12-31 1,157 51 141
2017-09-30 1,156 45 144
2017-06-30 1,169 75 144
2017-03-31 1,202 234 154

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Waddell & Reed Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Waddell & Reed 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:WDDA 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 7 Analyst Estimates (S&P Global) See Below

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

DB:WDDA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.50 1.70 0.96 4.00
2020-12-31 1.55 1.90 0.93 4.00
2020-04-02
DB:WDDA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.57
2019-09-30 1.93
2019-06-30 2.06
2019-03-31 2.15
2018-12-31 2.28
2018-09-30 2.04
2018-06-30 2.10
2018-03-31 1.84
2017-12-31 1.69
2017-09-30 1.72
2017-06-30 1.73
2017-03-31 1.85

*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.
  • Waddell & Reed Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Waddell & Reed 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.
Waddell & Reed 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 Waddell & Reed 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 Waddell & Reed 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.
  • Waddell & Reed Financial's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Waddell & Reed Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Waddell & Reed Financial's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Waddell & Reed 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 Waddell & Reed Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WDDA 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 1,070.32 114.99 176.50
2019-09-30 1,072.47 145.52 177.77
2019-06-30 1,096.91 158.78 180.72
2019-03-31 1,122.10 169.30 185.36
2018-12-31 1,160.30 183.59 191.24
2018-09-30 1,182.55 166.88 195.57
2018-06-30 1,176.88 174.16 203.07
2018-03-31 1,168.20 153.75 208.22
2017-12-31 1,157.14 141.28 211.35
2017-09-30 1,155.58 143.72 186.06
2017-06-30 1,169.22 143.97 158.06
2017-03-31 1,201.77 153.60 124.59
2016-12-31 1,239.02 156.70 197.92
2016-09-30 1,307.18 187.41 96.77
2016-06-30 1,380.21 181.64 98.69
2016-03-31 1,454.99 215.39 107.38
2015-12-31 1,516.63 237.58 114.20
2015-09-30 1,552.71 263.51 117.18
2015-06-30 1,586.16 290.04 116.54
2015-03-31 1,592.80 305.58 115.51
2014-12-31 1,597.76 313.33 113.07
2014-09-30 1,575.61 311.20 106.50
2014-06-30 1,513.14 305.03 101.50
2014-03-31 1,444.22 274.00 96.88
2013-12-31 1,370.35 253.00 91.94
2013-09-30 1,298.23 226.59 90.22
2013-06-30 1,244.51 210.29 83.79

*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.
  • Waddell & Reed Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Waddell & Reed Financial used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Waddell & Reed Financial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Waddell & Reed 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.
Waddell & Reed Financial 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.

Health

 How is Waddell & Reed 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 Waddell & Reed Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Waddell & Reed Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Waddell & Reed Financial's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Waddell & Reed 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 11x 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 Waddell & Reed Financial Company Filings, last reported 3 months ago.

DB:WDDA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 828.10 94.93 840.16
2019-09-30 856.44 94.91 854.18
2019-06-30 871.77 94.89 866.83
2019-03-31 881.54 94.87 826.66
2018-12-31 894.91 94.85 849.13
2018-09-30 909.64 94.84 858.89
2018-06-30 902.77 94.82 825.19
2018-03-31 907.54 94.80 819.87
2017-12-31 887.39 189.78 908.32
2017-09-30 900.94 189.74 923.06
2017-06-30 872.89 189.69 929.77
2017-03-31 857.40 189.65 874.47
2016-12-31 854.66 189.61 883.85
2016-09-30 855.85 189.56 849.03
2016-06-30 828.42 189.52 829.07
2016-03-31 846.72 189.48 819.89
2015-12-31 846.46 189.43 850.24
2015-09-30 836.94 190.00 832.10
2015-06-30 845.64 190.00 853.85
2015-03-31 828.63 190.00 856.23
2014-12-31 786.08 190.00 809.90
2014-09-30 791.82 190.00 772.89
2014-06-30 772.32 190.00 725.05
2014-03-31 729.53 190.00 720.66
2013-12-31 687.34 190.00 689.19
2013-09-30 612.35 190.00 622.74
2013-06-30 563.35 190.00 546.51
  • Waddell & Reed Financial's level of debt (11.5%) 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 (24.2% vs 11.5% today).
  • Debt is well covered by operating cash flow (174.9%, greater than 20% of total debt).
  • Waddell & Reed Financial earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Waddell & Reed 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. Waddell & Reed Financial has a total score of 6/6, 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 Waddell & Reed 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
8.85%
Current annual income from Waddell & Reed Financial dividends. Estimated to be 7.55% next year.
If you bought €2,000 of Waddell & Reed Financial shares you are expected to receive €177 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?
  • Waddell & Reed Financial's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Waddell & Reed Financial's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Waddell & Reed Financial before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:WDDA 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 7 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:WDDA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.55 1.00
2021-12-31 0.79 7.00
2020-12-31 0.96 7.00
2020-04-02
DB:WDDA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-17 1.000 8.556
2020-02-21 1.000 7.470
2020-02-04 1.000 6.011
2019-09-17 1.000 6.084
2019-06-18 1.000 6.025
2019-03-20 1.000 5.709
2018-12-21 1.000 5.669
2018-09-20 1.000 5.058
2018-06-20 1.000 5.063
2018-03-20 1.000 5.102
2018-02-23 1.000 4.989
2018-01-30 1.000 4.721
2017-10-27 1.000 4.772
2017-10-24 1.000 5.013
2017-09-20 1.840 9.266
2017-06-21 1.840 9.595
2017-03-20 1.840 10.676
2016-12-21 1.840 9.851
2016-09-20 1.840 10.091
2016-06-20 1.840 10.133
2016-03-28 1.840 8.814
2016-02-26 1.840 7.455
2016-02-02 1.840 8.227
2015-09-21 1.720 5.429
2015-06-22 1.720 4.049
2015-03-20 1.720 3.517
2014-12-18 1.720 3.609
2014-09-22 1.360 2.838
2014-06-20 1.360 2.408
2014-04-03 1.360 2.114
2013-12-19 1.360 1.989
2013-09-20 1.120 1.887
2013-06-25 1.120 2.285
2013-03-20 1.120 2.551
2012-11-15 1.120 2.997
2012-09-20 1.000 3.065
2012-06-20 1.000 3.364
2012-03-13 1.000 3.284
2011-12-15 1.000 3.526
2011-09-09 0.800 3.008
2011-06-17 0.800 2.391
2011-03-11 0.800 2.063
2011-02-25 0.800 1.987
2010-10-29 0.800 2.308
2010-10-26 0.800 2.774
2010-09-10 0.760 2.757
2010-06-18 0.760 3.190
2010-03-12 0.760 2.366
2009-12-11 0.760 2.387
2009-09-11 0.760 2.628
2009-06-18 0.760 2.895

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Waddell & Reed Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Waddell & Reed 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 Waddell & Reed Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Waddell & Reed Financial has a total score of 5/6, 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 Waddell & Reed 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
Phil Sanders
COMPENSATION $1,926,810
AGE 60
TENURE AS CEO 3.7 years
CEO Bio

Mr. Philip James Sanders, also known as Phil, CFA, MBA serves as Chief Executive Officer at Waddell & Reed, Inc. He also serves as President of the company’s asset manager, Ivy Investment Management Company, and served as Chief Investment Officer from February 2011 to June 2019. He also serves as Chief Investment Officer, Senior Vice President, Portfolio Manager, Director, President & Chief Executive Officer at Waddell & Reed Investment Management Company. Mr. Sanders has been the Chief Executive Officer at Waddell & Reed Financial, Inc. since August 1, 2016 and also has been its Director and Chief Investment Officer since August 2010. He has been the Chief Executive Officer and Chief Investment Officer at Waddell & Reed Asset Management Group and was previously a Senior Vice President and Portfolio Manager since July 2006. Mr. Sanders has over 30 years of experience in the asset management industry and joined the company in 1998 as a portfolio manager. Across his career, he also has held positions as an analyst and as portfolio manager, focusing primarily on the large cap growth category, where for nearly 20 years he managed a range of retail mutual funds and institutional accounts. Mr. Sanders served as Senior Vice President at Waddell & Reed Financial, Inc. and Portfolio Manager since August 1998. He served as Senior Vice President at Waddell & Reed Investment Management Company. Mr. Sanders served as an Analyst and Portfolio Manager at Banc of America Capital Management from 1988 to 1998. He served as Portfolio Manager at Mackenzie Global Concentrated Equity Class and BofA Advisors, LLC. Mr. Sanders has been a Director of Waddell & Reed Investment Management Co. since August 1, 2016. Mr. Sanders has an M.B.A. from the University of North Carolina at Charlotte in 1986 and received a B.A. in Economics in 1980 from the University of Michigan. Mr. Sanders is a CFA® charterholder and is a member of the CFA Institute and the CFA Society Kansas City.

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

Average tenure and age of the Waddell & Reed Financial management team in years:

1.7
Average Tenure
48
Average Age
  • The average tenure for the Waddell & Reed Financial management team is less than 2 years, this suggests a new team.
Management Team

Phil Sanders

TITLE
CEO & Director
COMPENSATION
$2M
AGE
60
TENURE
3.7 yrs

Brent Bloss

TITLE
President
COMPENSATION
$1M
AGE
50
TENURE
0.2 yrs

Ben Clouse

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
46
TENURE
2.2 yrs

Dan Hanson

TITLE
Senior VP & Chief Investment Officer
COMPENSATION
$3M
TENURE
0.8 yrs

Shawn Mihal

TITLE
Senior Vice President of Wealth Management
COMPENSATION
$915K
AGE
44

Mike Daley

TITLE
VP, Chief Accounting Officer
AGE
36

Joan Albeck

TITLE
Senior VP & Chief Technology Officer
TENURE
1.7 yrs

Chris Rackers

TITLE
Senior VP & Chief Administrative Officer
AGE
48
TENURE
0.8 yrs

Mark Buyle

TITLE
Senior VP
COMPENSATION
$1M
AGE
51
TENURE
2 yrs

Roger Hoadley

TITLE
Vice President of Communications
Board of Directors Tenure

Average tenure and age of the Waddell & Reed Financial board of directors in years:

9.8
Average Tenure
63
Average Age
  • The tenure for the Waddell & Reed Financial board of directors is about average.
Board of Directors

Tom Godlasky

TITLE
Independent Non-Executive Chairman
COMPENSATION
$390K
AGE
63
TENURE
2 yrs

Phil Sanders

TITLE
CEO & Director
COMPENSATION
$2M
AGE
60
TENURE
3.7 yrs

Matt Norris

TITLE
Portfolio Mngr & Director of Equity Research - Waddell & Reed Investment Mgmt Co.
TENURE
14.8 yrs

Jerry Walton

TITLE
Independent Director
COMPENSATION
$239K
AGE
72
TENURE
20 yrs

Alan Kosloff

TITLE
Lead Independent Director
COMPENSATION
$222K
AGE
78
TENURE
10.3 yrs

Michael Morrissey

TITLE
Independent Director
COMPENSATION
$239K
AGE
77
TENURE
9.8 yrs

Dennis Logue

TITLE
Independent Director
COMPENSATION
$221K
AGE
75
TENURE
18.3 yrs

Sharilyn Gasaway

TITLE
Independent Director
COMPENSATION
$224K
AGE
50
TENURE
9.8 yrs

Kathie Andrade

TITLE
Independent Director
COMPENSATION
$178K
AGE
58
TENURE
1.1 yrs

Jim Jessee

TITLE
Independent Director
COMPENSATION
$107K
AGE
61
TENURE
0.8 yrs
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 (€)
07. Nov 19 Sell Jerry Walton Individual 05. Nov 19 05. Nov 19 -9,500 €15.79 €-150,046
X
Management checks
We assess Waddell & Reed 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. Waddell & Reed 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

Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios. It also offers fee-based asset allocation investment advisory products to advisors channel customers; distributes business partners’ variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers. The company distributes investment products through its wholesale channel comprising other broker/dealers, various retirement platforms, and registered investment advisors, as well as through independent financial advisors; and markets investment advisory services to institutional investors directly or through consultants. Waddell & Reed Financial, Inc. was founded in 1937 and is based in Overland Park, Kansas.

Details
Name: Waddell & Reed Financial, Inc.
WDDA
Exchange: DB
Founded: 1937
$668,137,866
67,151,154
Website: http://www.waddell.com
Address: Waddell & Reed Financial, Inc.
6300 Lamar Avenue,
Overland Park,
Kansas, 66202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WDR Class A Common Stock New York Stock Exchange US USD 05. Mar 1998
DB WDDA Class A Common Stock Deutsche Boerse AG DE EUR 05. Mar 1998
BRSE WDDA Class A Common Stock Berne Stock Exchange CH CHF 05. Mar 1998
Number of employees
Current staff
Staff numbers
1,162
Waddell & Reed Financial employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 22:29
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/21
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.