Using the industry peer median P/E Multiples multiple (trailing + forward), StoneX Group Inc. (SNEX) has a fair value of $64.18 based on 10 comparable companies in the Financial - Capital Markets industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| StoneX Group Inc.SNEX | 8,724 | 29.5x | 33.9x |
| Raymond James Financial, Inc. | 27,989 | 13.8x | 13.6x |
| Virtu Financial, Inc. | 10,036 | 9.3x | 14.4x |
| BGC Group, Inc | 4,949 | 33.5x | 10.5x |
| Axos Financial, Inc. | 4,919 | 11.7x | 17.8x |
| Nelnet, Inc. | 4,715 | 11.4x | 30.2x |
| Selective Insurance Group, Inc. | 4,669 | 10.4x | 21.4x |
| First Financial Bankshares, Inc. | 4,353 | 17.2x | 21.5x |
| Moelis & Company | 4,176 | 19.2x | 20.5x |
| Lazard Ltd | 3,938 | 19.1x | 17.7x |
| PJT Partners Inc. | 3,388 | 21.0x | 20.7x |
| Industry Median | 15.5x | 19.1x | |
| (*) Profit after tax | 306 | 257 | |
| Equity Value | 4,731 | 4,920 | |
| (/) Outstanding shares | 75 | 75 | |
| Fair Price | $63 | $65 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), StoneX Group Inc. (SNEX) has a fair value of $1,531.16 based on 10 comparable companies in the Financial - Capital Markets industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| StoneX Group Inc.SNEX | 8,724 | 0.2x | 7.6x |
| Raymond James Financial, Inc. | 27,989 | 1.3x | 1.5x |
| Virtu Financial, Inc. | 10,036 | 2.7x | 6.3x |
| BGC Group, Inc | 4,949 | 2.0x | 2.6x |
| Axos Financial, Inc. | 4,919 | 1.7x | 3.7x |
| Nelnet, Inc. | 4,715 | 5.1x | 8.9x |
| Selective Insurance Group, Inc. | 4,669 | 1.0x | 1.2x |
| First Financial Bankshares, Inc. | 4,353 | 4.0x | 6.6x |
| Moelis & Company | 4,176 | 2.6x | 2.6x |
| Lazard Ltd | 3,938 | 1.6x | 1.7x |
| PJT Partners Inc. | 3,388 | 1.9x | 1.9x |
| Industry Median | 1.9x | 2.6x | |
| (*) Revenue | 132,378 | 3,391 | |
| = Enterprise Value | 255,213 | 8,859 | |
| (-) Net Debt | 16,913 | 16,913 | |
| Equity Value | 238,300 | -8,054 | |
| (/) Outstanding shares | 75 | 75 | |
| Fair Price | $3169 | $-107 | |
Using the PEG framework with historical EPS growth of 23.3%, the company has a fair value of $137.12 based on TTM EPS (FY2025) of $5.89. The current PEG ratio is 0.62.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateHistorical | 23.3% |
| Adjusted Growth (clamped 8–25%) | 23.3% |
| Fair P/E | 23.3x |
| TTM EPS (FY2025) | $5.89 |
| Fair Value | $137.12 |
No analyst estimates available.
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $116.3M | $2.55 | — |
| FY2022 | $207.1M | $4.45 | +74.5% |
| FY2023 | $238.5M | $4.97 | +11.7% |
| FY2024 | $260.8M | $5.31 | +6.8% |
| FY2025 | $305.9M | $5.89 | +10.9% |
4Y Historical EPS CAGR: 23.3%
Using the Earnings Power Value framework with a WACC of 7.2% and normalized earnings of $1.6B, the company has a fair value of $94.96 per share. The EPV range is $20.01 – $209.70 based on WACC sensitivity (5.7% – 8.7%).
| Low | Selected | High | |
|---|---|---|---|
| Normalized Earnings | 1,550 | 1,550 | 1,550 |
| (/) WACC | 8.7% | 7.2% | 5.7% |
| Enterprise Value | 17,916 | 21,673 | 27,424 |
| (-) Net debt | 16,913 | 16,913 | 16,913 |
| Equity Value | 1,003 | 4,760 | 10,511 |
| (/) Outstanding shares | 50 | 50 | 50 |
| Fair Price | $20.01 | $94.96 | $209.70 |
Using the Two-Stage Dividend Discount Model with a Cost of Equity of 10.4% and projected dividend growth of 3.0%, the fair value is $14.17 per share. The DDM range is $10.26 – $21.22 based on sensitivity analysis across Cost of Equity and growth rate assumptions.
| Year | DPS | Payout Ratio | YoY Growth |
|---|---|---|---|
| 2025 | — | 0.0% | -100.0% |
| 2024 | $1.01 | 18.4% | — |
| 2023 | — | 0.0% | -100.0% |
| 2022 | $0.21 | 4.6% | — |
| 2021 | — | 0.0% | — |
| Year | Projected DPS | Growth | Discount Factor | Present Value |
|---|---|---|---|---|
| 2026 | $1.04 | 3.0% | 0.9060 | $0.95 |
| 2027 | $1.08 | 3.0% | 0.8209 | $0.88 |
| 2028 | $1.11 | 3.0% | 0.7438 | $0.82 |
| 2029 | $1.14 | 3.0% | 0.6739 | $0.77 |
| 2030 | $1.18 | 3.0% | 0.6106 | $0.72 |
| Terminal Value | $1.21 DPS | 3.0% | $10.03 |
Fair value under different Cost of Equity (rows) and DPS Growth Rate (columns) assumptions.
| Ke \ Growth | 1.0% | 2.0% | 3.0% | 4.0% | 5.0% |
|---|---|---|---|---|---|
| 8.4% | $18 | $19 | $19 | $20 | $21 |
| 9.4% | $15 | $16 | $16 | $17 | $18 |
| 10.4% | $13 | $14 | $14 | $15 | $15 |
| 11.4% | $11 | $12 | $12 | $13 | $14 |
| 12.4% | $10 | $11 | $11 | $12 | $12 |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.