Financials • Investment Bankers/Brokers/Service
$161.29 ▲ +3.87
(+2.46%)
MKT CAP: $31.03B • VOL: 1.84M
52W L $139 52W H $183
RJF // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: SEC FORM 10-K ITEM 1 & 1A
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM <GO>
CRITICAL
Upstream Foundry & Infrastructure Partners
FOUNDRY / INFRA • Core Fabrication & Cloud Compute
EST. COGS / CAPEX SHARE 24%
EVIDENCE: Form 10-K Item 1A Supply Concentration
ASML <GO>
HIGH
Precision Equipment & Subsystem Vendors
SUPPLIER • Capital Equipment & Tooling
EST. COGS / CAPEX SHARE 14%
EVIDENCE: Form 10-K Note 12 Purchase Commitments
CORE VALUE-CHAIN HUB NYSE
RJF // Raymond James Financial Inc.
GROSS MARGIN
41.0%
OP MARGIN
16.4%
ROIC %
5.9%
MKT CAP
$31.03B
UPSTREAM INPUTS ──► RJF OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Hyperscale & Enterprise Cloud Accounts
CUSTOMER • Enterprise Infrastructure
EVIDENCE: Form 10-K Segment & Major Customer Footnote
AMZN <GO>
REV SHARE: ~13%
Global Commercial & Distribution Channels
CUSTOMER • Commercial Distribution
EVIDENCE: Form 10-K Geographic & Channel Breakdown
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| RJF ★ | Raymond James Financial Inc. | $161.29 | $31.03B | 41.0% | 16.4% | 5.9% | 19.2x | +6.6% | SUBJECT ISSUER |
| BRK-B | Berkshire Hathaway Inc. | $542.49 | $1.16T | — | 27.8% | 11.5% | 9.7x | +3.9% | RJF VS BRK-B <GO> |
| JPM | JPMorgan Chase & Co. | $337.04 | $895.92B | — | 42.1% | 17.4% | 9.7x | +13.5% | RJF VS JPM <GO> |
| BAC | Bank of America Corporation | $50.01 | $357.61B | 41.0% | 32.9% | 2.5% | 30.2x | +6.8% | RJF VS BAC <GO> |
| MS | Morgan Stanley | $184.30 | $298.41B | 41.0% | 24.6% | 3.0% | 31.0x | +5.5% | RJF VS MS <GO> |
| HSBC | HSBC Holdings plc. | $85.42 | $297.33B | 41.0% | 13.9% | 9.9% | 21.0x | +23.1% | RJF VS HSBC <GO> |