Company Valuation: Raymond James Financial, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 18,990 21,328 20,974 25,220 34,414 29,515 - -
Change - 12.31% -1.66% 20.24% 36.45% -14.23% - -
Enterprise Value (EV) 14,684 21,328 14,800 17,311 34,414 29,515 29,515 29,515
Change - 45.24% -30.61% 16.97% 98.8% -14.23% 0% 0%
P/E ratio 13.9x 14.2x 12.6x 12.6x 16.8x 13.4x 12x 11.7x
PBR 2.3x 2.28x 2.07x 2.15x 2.75x 2.27x 2.06x 1.88x
PEG - 2.69x 0.9x 0.6x 2.72x 1.4x 1x 5.59x
Capitalization / Revenue 1.95x 1.94x 1.81x 1.97x 2.45x 1.9x 1.76x 1.7x
EV / Revenue 0x 0x 0x 0x 0x 1.9x 1.76x 1.7x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.81x 8.95x 10.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.03 1.36 1.68 1.8 1.95 2.127 2.267 2.39
Rate of return 1.12% 1.38% 1.67% 1.47% 1.13% 1.4% 1.5% 1.58%
EPS 2 6.63 6.98 7.97 9.7 10.3 11.29 12.65 12.91
Distribution rate 15.5% 19.5% 21.1% 18.6% 18.9% 18.8% 17.9% 18.5%
Net sales 1 9,760 11,003 11,619 12,821 14,065 15,562 16,731 17,359
EBITDA 1,893 2,267 2,577 2,867 - - - -
EBIT 1 1,759 2,122 2,412 2,688 2,751 3,009 3,296 2,883
Net income 1 1,403 1,505 1,733 2,063 2,130 2,244 2,443 2,368
Net Debt -4,306 - -6,174 -7,909 - - - -
Reference price 2 92.28 98.82 100.43 122.46 172.60 151.45 151.45 151.45
Nbr of stocks (in thousands) 205,788 215,825 208,842 205,943 199,384 194,883 - -
Announcement Date 27/10/21 26/10/22 25/10/23 23/10/24 22/10/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.42x - - 1.4% 29.52B
14x - - 2.02% 837B
12.04x - - 2.19% 382B
5.72x - - 5.41% 368B
11.24x - - 4.61% 312B
5.73x - - 5.33% 300B
17.04x - - 2.5% 270B
6.05x - - 5.15% 270B
11.73x - - 2.29% 251B
16.45x - - 2.35% 227B
Average 11.34x 3.32% 324.5B
Weighted average by Cap. 11.38x 3.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Raymond James Financial, Inc.