Company Valuation: State Street Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,004 28,464 23,903 28,773 36,034 50,243 - -
Change - -16.29% -16.02% 20.37% 25.24% 39.43% - -
Enterprise Value (EV) 1 49,182 46,734 48,269 65,566 61,406 83,839 83,895 84,991
Change - -4.98% 3.29% 35.83% -6.34% 36.53% 0.07% 1.31%
P/E 12.9x 10.8x 13.9x 12x 13.7x 13.7x 12x 10.9x
PBR 1.24x 1.07x 0.98x 1.26x 1.48x 1.98x 1.81x 1.7x
PEG - - -0.6x 0.3x 0.9x 0.3x 0.9x 1x
Capitalization / Revenue 2.83x 2.34x 2x 2.21x 2.58x 3.15x 3x 2.84x
EV / Revenue 4.09x 3.85x 4.04x 5.04x 4.4x 5.26x 5.02x 4.81x
EV / EBITDA - - - - - - - -
EV / EBIT 14.6x 13x 16.2x 18.9x 16.2x 17x 14.8x 14.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.18 2.4 2.64 2.9 3.2 3.505 3.8 4.038
Rate of return 2.34% 3.09% 3.41% 2.95% 2.48% 1.91% 2.08% 2.21%
EPS 2 7.19 7.19 5.58 8.21 9.4 13.39 15.23 16.83
Distribution rate 30.3% 33.4% 47.3% 35.3% 34% 26.2% 24.9% 24%
Net sales 1 12,027 12,148 11,945 13,000 13,944 15,928 16,721 17,686
EBITDA - - - - - - - -
EBIT 1 3,378 3,604 2,987 3,470 3,790 4,918 5,656 5,886
Net income 1 2,572 2,660 1,821 2,483 2,717 3,714 4,093 4,302
Net Debt 1 15,178 18,270 24,366 36,793 25,372 33,596 33,652 34,748
Reference price 2 93.00 77.57 77.46 98.15 129.01 183.07 183.07 183.07
Nbr of stocks (in thousands) 365,629 366,940 308,584 293,151 279,312 274,702 - -
Announcement Date 19/01/22 20/01/23 19/01/24 17/01/25 16/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.67x5.26x - 1.92% 50.24B
18.91x5.37x11.5x2.21% 161B
14.57x3.54x - 2.42% 156B
16.66x7.42x - 1.5% 104B
20.24x11.4x16.54x4.43% 72.42B
11.86x1.81x5.55x1.24% 47.78B
5.14x5.32x3.83x3.55% 35.95B
13.86x5.12x15.95x1.9% 32.32B
9.6x2.27x5.62x5.08% 21.84B
Average 13.83x 5.28x 9.83x 2.69% 75.71B
Weighted average by Cap. 15.57x 5.53x 11.02x 2.45%

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 State Street Corporation
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