Nomura Holdings Inc ADR (NMR) vs Stifel Financial Corporation (SF)

Nomura Holdings Inc ADR and Stifel Financial Corporation are both Capital Markets companies. Nomura Holdings Inc ADR is the larger, with a market value of $27.8B against $10.8B — 2.6× the size. Nomura Holdings Inc ADR trades at the lower P/E: 9.6× against 11.8×. Stifel Financial Corporation grew revenue faster over the last twelve months: 10.9% against 5.00%. Stifel Financial Corporation has the higher net margin (15.9% vs 8.88%) and the lower return on invested capital (0.00% vs 5.90%). Both pay a dividend; Stifel Financial Corporation yields more (1.85% vs 1.58%). Across the 20 metrics below, Nomura Holdings Inc ADR leads on 14 and Stifel Financial Corporation on 6.

Valuation

Metric NMR SF Capital Markets median
P/E 9.62 11.76 14.35
P/S 0.85 1.84 2.07
P/B 1.13 2.05 1.36
Price to free cash flow 5.21 38.52 9.28
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.39% 8.50% (8.28%)
Free cash flow yield 19.20% 2.60% (1.12%)

Profitability

Metric NMR SF Capital Markets median
Gross margin 95.31% 98.99% 68.15%
Operating margin 71.96% 21.23% 0.00%
Net margin 8.88% 15.87% (0.34%)
Free cash flow margin 0.00% 0.00% 0.00%
Return on equity 11.79% 0.00% 0.00%
Return on assets 0.71% 0.00% 0.00%
Return on invested capital 5.90% 0.00% 0.00%

Growth

Metric NMR SF Capital Markets median
Revenue growth (TTM) 5.00% 10.91% 19.72%
EPS growth (last fiscal year) 8.22% (6.08%) 16.79%
Revenue growth, 5-year CAGR 15.62% 8.07% 17.41%
Net income growth, 5-year CAGR 10.68% 6.30% 0.00%

Health

Metric NMR SF Capital Markets median
Debt to equity 7.79 0.29 0.07
Current ratio 1.07 0.88 1.51
Net debt to EBITDA 1.52 (1.36) (0.03)

Dividend

Metric NMR SF Capital Markets median
Dividend yield 1.58% 1.85% 1.58%
Payout ratio 0.15 0.23 0.19

Size

Metric NMR SF Capital Markets median
Market cap 27.79b 10.78b 527.01m

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