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Intrinsic value of Raymond James Financial, Inc. (RJF)

Previous Close$102.30
Intrinsic Value
Upside potential
Previous Close
$102.30
* Our model cannot be used “out of the box” for the valuation of this stock. You can still do your own valuation by changing the valuation input parameters.

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh175.19 

The original valuation is based on fiscal year data as of 2021-09-30 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, and Europe. It operates in five segments: Private Client Group (PCG), Capital Markets, Asset Management, Raymond James (RJ) Bank, and Other. The PCG segment offers securities transaction services, including the sale of equities, mutual funds, fixed income products, and insurance and annuity products to retail clients; investment advisory, investment, and margin loan services; custodial, trading, research, and other support services; diversification strategies and alternative investment products; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties. The Capital Markets segment engages in the fixed income and equity institutional sales and trading activities; equity research and investment banking activities; and syndication and related management of investments that qualify for tax credits. It also provides debt and equity underwriting, merger and acquisition, advisory, and public finance services. The Asset Management segment offers portfolio management and related administrative services for retail and institutional clients; and administrative support services, such as record-keeping. The RJ Bank segment provides corporate loans, SBL, tax-exempt loans, residential loans, and other loans. The Other segment engages in the private equity activities, including various direct and third-party private equity investments; and private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %20.5NaN
Revenue, $9876NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m8098NaN
Operating income, $m1778NaN
EBITDA, $m1927NaN
Interest expense (income), $mNaN
Earnings before tax, $m1789NaN
Tax expense, $m388NaN
Net income, $m1401NaN

BALANCE SHEET

Cash and short-term investments, $m18750NaN
Total assets, $m62156NaN
Adjusted assets (=assets-cash), $m43406NaN
Average production assets, $m1642NaN
Working capital, $m-945NaN
Total debt, $m36117NaN
Total liabilities, $m53911NaN
Total equity, $m8245NaN
Debt-to-equity ratio4.380NaN
Adjusted equity ratio0.515NaN

CASH FLOW

Net income, $m1401NaN
Depreciation, amort., depletion, $m149NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m6795NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-74NaN
Free cash flow, $m6869NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-945
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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