Financials Charles Schwab

Equities

SCHW

US8085131055

Investment Banking & Brokerage Services

Real-time Estimate Cboe BZX 15:15:20 22/05/2024 BST 5-day change 1st Jan Change
78.68 USD -0.28% Intraday chart for Charles Schwab +0.56% +15.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 61,095 99,666 158,999 155,425 125,446 144,243 - -
Enterprise Value (EV) 1 36,895 49,166 119,799 153,125 141,246 144,663 162,544 160,386
P/E ratio 17.8 x 25 x 29.7 x 23.8 x 27.1 x 25 x 19.9 x 16.9 x
Yield 1.43% 1.36% 0.86% 1.01% 1.45% 1.3% 1.45% 1.54%
Capitalization / Revenue 5.7 x 8.53 x 8.59 x 7.49 x 6.66 x 7.25 x 6.35 x 5.92 x
EV / Revenue 3.44 x 4.21 x 6.47 x 7.38 x 7.5 x 7.27 x 7.16 x 6.58 x
EV / EBITDA 7.1 x 9.2 x 12 x 13.2 x 15.4 x 13.5 x 13.7 x 12 x
EV / FCF 4.28 x 16.2 x 22.8 x 22.9 x - 19.4 x 12.8 x 15.9 x
FCF Yield 23.4% 6.16% 4.38% 4.36% - 5.17% 7.83% 6.28%
Price to Book 2.81 x 1.7 x 2.71 x 4.1 x 3.07 x 3.33 x 3.35 x 3.08 x
Nbr of stocks (in thousands) 1,284,579 1,879,078 1,890,600 1,866,739 1,823,343 1,828,175 - -
Reference price 2 47.56 53.04 84.10 83.26 68.80 78.90 78.90 78.90
Announcement Date 16/01/20 19/01/21 18/01/22 18/01/23 17/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,721 11,691 18,520 20,762 18,837 19,896 22,704 24,361
EBITDA 1 5,197 5,346 9,960 11,624 9,146 10,724 11,841 13,371
EBIT 1 4,848 4,932 8,796 10,376 7,808 8,154 10,348 11,855
Operating Margin 45.22% 42.19% 47.49% 49.98% 41.45% 40.98% 45.58% 48.66%
Earnings before Tax (EBT) 1 4,848 4,300 7,713 9,388 6,378 8,067 10,131 11,733
Net income 1 3,526 3,043 5,360 6,635 4,649 5,716 7,269 8,206
Net margin 32.89% 26.03% 28.94% 31.96% 24.68% 28.73% 32.02% 33.68%
EPS 2 2.670 2.120 2.830 3.500 2.540 3.159 3.965 4.666
Free Cash Flow 1 8,617 3,030 5,247 6,682 - 7,475 12,734 10,076
FCF margin 80.37% 25.92% 28.33% 32.18% - 37.57% 56.09% 41.36%
FCF Conversion (EBITDA) 165.81% 56.68% 52.68% 57.48% - 69.7% 107.54% 75.35%
FCF Conversion (Net income) 244.38% 99.57% 97.89% 100.71% - 130.77% 175.17% 122.79%
Dividend per Share 2 0.6800 0.7200 0.7200 0.8400 1.000 1.022 1.145 1.215
Announcement Date 16/01/20 19/01/21 18/01/22 18/01/23 17/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,708 4,672 5,093 5,500 5,497 5,116 4,656 4,606 4,459 4,740 4,902 5,016 5,196 5,328 5,646
EBITDA 1 2,577 2,393 2,835 3,249 3,147 2,655 2,280 2,236 1,975 2,296 2,606 2,760 2,871 3,003 3,222
EBIT 1 2,278 2,089 2,522 2,930 2,835 2,343 1,955 1,903 1,607 1,938 1,919 2,002 2,186 - -
Operating Margin 48.39% 44.71% 49.52% 53.27% 51.57% 45.8% 41.99% 41.32% 36.04% 40.89% 39.15% 39.91% 42.07% - -
Earnings before Tax (EBT) 1 2,023 1,839 2,274 2,677 2,598 2,110 1,691 1,383 1,194 1,798 1,956 2,100 2,293 2,393 2,676
Net income 1 1,449 1,278 1,652 1,884 1,821 1,533 1,173 1,017 926 1,251 1,368 1,483 1,624 1,685 1,900
Net margin 30.78% 27.35% 32.44% 34.25% 33.13% 29.96% 25.19% 22.08% 20.77% 26.39% 27.92% 29.57% 31.25% 31.62% 33.65%
EPS 2 0.7600 0.6700 0.8700 0.9900 0.9700 0.8300 0.6400 0.5600 0.5100 0.6800 0.7542 0.8308 0.9024 0.9215 1.031
Dividend per Share 2 0.1800 0.2000 0.2000 0.2200 0.2200 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.3233 0.3350
Announcement Date 18/01/22 18/04/22 18/07/22 17/10/22 18/01/23 17/04/23 18/07/23 16/10/23 17/01/24 15/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 15,800 420 18,301 16,143
Net Cash position 1 24,200 50,500 39,200 2,300 - - - -
Leverage (Debt/EBITDA) - - - - 1.728 x 0.0392 x 1.546 x 1.207 x
Free Cash Flow 1 8,617 3,030 5,247 6,682 - 7,475 12,734 10,076
ROE (net income / shareholders' equity) 19% 9% 11% 18% 16% 15.5% 16.4% 19%
ROA (Net income/ Total Assets) 1.19% 0.72% 1.02% 1.21% 1.1% 1.92% 1.54% 1.56%
Assets 1 295,260 421,497 527,871 547,578 423,098 298,186 471,019 526,007
Book Value Per Share 2 16.90 31.10 31.00 20.30 22.40 23.70 23.60 25.60
Cash Flow per Share 7.060 4.770 1.120 1.090 - - - -
Capex 1 708 631 916 971 804 637 740 811
Capex / Sales 6.6% 5.4% 4.95% 4.68% 4.27% 3.2% 3.26% 3.33%
Announcement Date 16/01/20 19/01/21 18/01/22 18/01/23 17/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
78.9 USD
Average target price
79.05 USD
Spread / Average Target
+0.19%
Consensus
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