Piper Sandler Companies
PIPR
Security Brokers, Dealers & Flotation Companies
Mkt Cap
$3.265BPE
31.90Debt
$0Cash
$69.96MEV
$3.195BFCF
-P/E Ratio
31.90Debt
$0Cash
$69.96MEV
$3.195BFCF
-Charts data: {"Earnings":[{"time":"2014-12-30","value":63172000},{"time":"2015-12-30","value":52075000},{"time":"2016-12-30","value":-21952000},{"time":"2017-12-30","value":-61939000},{"time":"2018-12-30","value":55830000},{"time":"2019-12-30","value":111711000},{"time":"2020-12-30","value":40504000},{"time":"2021-12-30","value":278514000},{"time":"2022-12-30","value":101180000},{"time":"2023-12-30","value":85491000}],"Sales":[{"time":"2014-12-30","value":673211000},{"time":"2015-12-30","value":696317000},{"time":"2016-12-30","value":769874000},{"time":"2017-12-30","value":895191000},{"time":"2018-12-30","value":800993000},{"time":"2019-12-30","value":846299000},{"time":"2020-12-30","value":1252658000},{"time":"2021-12-30","value":2041795000},{"time":"2022-12-30","value":1435118000},{"time":"2023-12-30","value":1358113000}],"Net Margins":[{"time":"2014-12-30","value":0.093836850556512},{"time":"2015-12-30","value":0.07478634012956742},{"time":"2016-12-30","value":-0.02851375679656671},{"time":"2017-12-30","value":-0.06919082072987776},{"time":"2018-12-30","value":0.06970098365403943},{"time":"2019-12-30","value":0.13199944700395486},{"time":"2020-12-30","value":0.03233444403819718},{"time":"2021-12-30","value":0.13640644628868226},{"time":"2022-12-30","value":0.07050291334928556},{"time":"2023-12-30","value":0.062948370275522}],"Assets":[{"time":"2014-12-30","value":2623917000},{"time":"2015-12-30","value":2138518000},{"time":"2016-12-30","value":2125503000},{"time":"2017-12-30","value":2024683000},{"time":"2018-12-30","value":1345269000},{"time":"2019-12-30","value":1628719000},{"time":"2020-12-30","value":1997140000},{"time":"2021-12-30","value":2565307000},{"time":"2022-12-30","value":2181557000},{"time":"2023-12-30","value":2140983000}],"Stockholders Equity":[{"time":"2014-12-30","value":969460000},{"time":"2015-12-30","value":832820000},{"time":"2016-12-30","value":816266000},{"time":"2017-12-30","value":741235000},{"time":"2018-12-30","value":730416000},{"time":"2019-12-30","value":806528000},{"time":"2020-12-30","value":926082000},{"time":"2021-12-30","value":1226855000},{"time":"2022-12-30","value":1254028000},{"time":"2023-12-30","value":1299473000}],"ROE":[{"time":"2014-12-30","value":0.06516204897571844},{"time":"2015-12-30","value":0.06252851756682117},{"time":"2016-12-30","value":-0.026893194130344765},{"time":"2017-12-30","value":-0.08356189332667778},{"time":"2018-12-30","value":0.0764358940658474},{"time":"2019-12-30","value":0.1385085204729408},{"time":"2020-12-30","value":0.043736947700095674},{"time":"2021-12-30","value":0.22701460237762408},{"time":"2022-12-30","value":0.08068400386594239},{"time":"2023-12-30","value":0.06578897753166091}],"ROA":[{"time":"2014-12-30","value":0.04204058283855777},{"time":"2015-12-30","value":0.040412566085485366},{"time":"2016-12-30","value":-0.01452550290448896},{"time":"2017-12-30","value":-0.0144827610050561},{"time":"2018-12-30","value":0.05565950007024617},{"time":"2019-12-30","value":0.07305066128656938},{"time":"2020-12-30","value":0.0343230820072704},{"time":"2021-12-30","value":0.17210883531678664},{"time":"2022-12-30","value":0.06159316488177939},{"time":"2023-12-30","value":0.057256876864505694}]}
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. The company provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. It also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, the company provides equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, it is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
In the chart Earnings are multiplied by this value.
Earnings Growth 19%
Earnings Stability 18%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 7.5% | -2.9% | -6.9% | 7% | 13% | 3.2% | 14% | 7.1% | 6.3% | 7.3% |
| ROA | 4% | -1.5% | -1.4% | 5.6% | 7.3% | 3.4% | 17% | 6.2% | 5.7% | 8.2% |
| ROE | 6.3% | -2.7% | -8.4% | 7.6% | 14% | 4.4% | 23% | 8.1% | 6.6% | 7.7% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +8.4%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.33%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +7.57%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.32%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +10.54%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -0.12%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | - | - | - | - | - |
| Debt Equity | 0.54 | 0.51 | 0.39 | 0.07 | 0.28 | 0.21 | 0.10 | 0.10 | 0.02 | 0.00 |
| MIN | ||||||||||
| Graham Stability | - | - | -200% | - | - | 100% | 100% | 70% | 61% | -200% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -.
What is the Graham’s Stability?
Graham’s Stability measure stands at -1.99.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 8.4% | 11% | 2.7% | -5.4% | -0.067% |
| Net Income | - | 8.9% | 28% | -16% | 10% |
| Stockholders Equity | 6.9% | 12% | 12% | 3.6% | 3.1% |
| FCF | - | - | - | - | - |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +11.14%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -0.07%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +8.9%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +10.04%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +12.21%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +3.05%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -.