STT State Street Corporation

Price (delayed)

$70.35

Market cap

$24.79B

P/E Ratio

11.13

Dividend/share

$2.08

EPS

$6.32

Enterprise value

-$37.82B

Sector: Financial Services
Industry: Asset Management
State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.

Highlights

The P/E is 18% less than the 5-year quarterly average of 13.6
STT's EPS is up by 14% YoY and by 8% QoQ
The company's debt has surged by 72% YoY but it fell by 39% QoQ
State Street's equity has increased by 4.2% from the previous quarter but it has decreased by 2.3% YoY

Key stats

What are the main financial stats of STT
Market
Shares outstanding
352.38M
Market cap
$24.79B
Enterprise value
-$37.82B
Valuations
Price to earnings (P/E)
11.13
Price to book (P/B)
1
Price to sales (P/S)
2.07
EV/EBIT
-13.89
EV/EBITDA
-9.76
EV/Sales
-3.16
Earnings
Revenue
$11.95B
EBIT
$2.72B
EBITDA
$3.88B
Free cash flow
$10.49B
Per share
EPS
$6.32
Free cash flow per share
$29.78
Book value per share
$70.67
Revenue per share
$33.94
TBVPS
$768.95
Balance sheet
Total assets
$280.24B
Total liabilities
$255.37B
Debt
$31.27B
Equity
$24.87B
Working capital
N/A
Liquidity
Debt to equity
1.26
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-16.15
Margins
EBITDA margin
32.4%
Gross margin
100%
Net margin
18.9%
Operating margin
25.3%
Efficiency
Return on assets
0.8%
Return on equity
9.2%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
22.8%
Dividend
Dividend yield
2.96%
DPS
$2.08
Payout ratio
32.9%

STT stock price

How has the State Street stock price performed over time

Financial performance

How have State Street's revenue and profit performed over time
Revenue
$11.95B
Gross profit
$11.95B
Operating income
$3.03B
Net income
$2.26B
Gross margin
100%
Net margin
18.9%
STT's operating income is up by 8% year-on-year and by 4.7% since the previous quarter
The net income has grown by 8% YoY and by 6% from the previous quarter
STT's operating margin is up by 7% YoY and by 4.1% from the previous quarter
The company's net margin rose by 7% YoY and by 5% QoQ

Valuation

What is State Street stock price valuation
P/E
11.13
P/B
1
P/S
2.07
EV/EBIT
-13.89
EV/EBITDA
-9.76
EV/Sales
-3.16
The P/E is 18% less than the 5-year quarterly average of 13.6
STT's EPS is up by 14% YoY and by 8% QoQ
The stock's price to book (P/B) is 17% less than its 5-year quarterly average of 1.2 but 11% more than its last 4 quarters average of 0.9
State Street's equity has increased by 4.2% from the previous quarter but it has decreased by 2.3% YoY
The P/S is 17% less than the 5-year quarterly average of 2.5 but 9% more than the last 4 quarters average of 1.9

Efficiency

How efficient is State Street business performance
STT's ROIC is down by 13% year-on-year
STT's return on assets is down by 11% year-on-year
The company's return on equity rose by 10% YoY and by 7% QoQ
STT's ROS is up by 4.6% YoY and by 3.6% QoQ

Dividends

What is STT's dividend history
DPS
$2.08
Dividend yield
2.96%
Payout ratio
32.9%
Recent dividends

Financial health

How did State Street financials performed over time
STT's total assets is 10% greater than its total liabilities
STT's total liabilities is down by 25% from the previous quarter but it is up by 18% YoY
STT's total assets is down by 23% since the previous quarter but it is up by 16% year-on-year
The company's debt is 26% higher than its equity
The debt to equity has surged by 78% year-on-year but it has declined by 41% since the previous quarter
The company's debt has surged by 72% YoY but it fell by 39% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.