Stifel Financial Corp. (SFB) intrinsic value & 10-year financials
Stifel Financial Corp. (SFB) has a Graham intrinsic value of $194.98 per share. Over the last 10 fiscal years revenue grew 4.0% a year to $3.8B, with an average return on invested capital of 14.4%.
- Graham intrinsic value
- $194.98
- Revenue (FY2025)
- $3.8B
- Revenue growth (10-yr CAGR)
- 4.0%
- ROIC (10-yr avg)
- 14.4%
- Free cash flow (FY2025)
- $1.1B
SFB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.8B | $683.8M | $5.87 | $1.1B | — | 17.1% |
| FY2024 | $3.3B | $731.4M | $6.25 | $416.6M | 28.2% | 21.8% |
| FY2023 | $2.7B | $522.5M | $4.28 | $447.4M | 26.1% | 14.3% |
| FY2022 | $3.0B | $662.2M | $5.32 | $1.1B | 30.0% | 15.7% |
| FY2021 | $3.6B | $824.9M | $6.66 | $683.9M | — | 22.7% |
| FY2020 | $2.7B | $503.5M | $4.16 | $1.6B | — | 15.3% |
| FY2019 | $2.4B | $448.4M | $5.49 | $469.0M | — | 15.2% |
| FY2018 | $2.2B | $394.0M | $4.73 | $421.3M | — | 13.4% |
| FY2017 | $3.0B | $182.9M | $2.14 | $651.7M | — | 5.7% |
| FY2016 | $2.6B | $81.5M | $1.00 | -$469.6M | — | 2.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
STIFEL FINANCIAL CORP has demonstrated mature, steady growth, with revenue compounding at 4.0% annually over the past decade.
STIFEL FINANCIAL CORP returns on capital have been average, hovering around 14.4% ROIC over the decade.
STIFEL FINANCIAL CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, STIFEL FINANCIAL CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $194.98 per share.