STIFEL FINANCIAL CORP (SFB)

Security Brokers, Dealers & Flotation Companies

Latest Price

$19.18

TTM P/E

2.75

Normalized P/E

3.40

Div Yield

8.34%

Book Value

34.40

P/B Ratio

0.56

Valuation metrics

EPS: $5.87

Book value / share: $54.31

Formula: √(22.5 × EPS × BVPS)

Graham Number

$84.70

+329% upside

Norm. op. income: $1.1B (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$93.05

+371% upside

Base FCF: $684M (median of recent 5yr)

Growth: 9%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$158.18

+701% upside

EPS: $5.87

Target P/E: 4×

Formula: EPS × P/E

P/E Fair Value

$23.48

+19% upside