Company Valuation: State Street Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,004 28,464 23,903 28,773 36,034 50,655 - -
Change - -16.29% -16.02% 20.37% 25.24% 40.58% - -
Enterprise Value (EV) 1 49,182 46,734 48,269 65,566 61,406 84,251 84,307 85,403
Change - -4.98% 3.29% 35.83% -6.34% 37.2% 0.07% 1.3%
P/E 12.9x 10.8x 13.9x 12x 13.7x 13.8x 12.1x 11x
PBR 1.24x 1.07x 0.98x 1.26x 1.48x 1.99x 1.82x 1.71x
PEG - - -0.6x 0.3x 0.9x 0.3x 0.9x 1x
Capitalization / Revenue 2.83x 2.34x 2x 2.21x 2.58x 3.18x 3.03x 2.86x
EV / Revenue 4.09x 3.85x 4.04x 5.04x 4.4x 5.29x 5.04x 4.83x
EV / EBITDA - - - - - - - -
EV / EBIT 14.6x 13x 16.2x 18.9x 16.2x 17.1x 14.9x 14.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.18 2.4 2.64 2.9 3.2 3.505 3.8 4.038
Rate of return 2.34% 3.09% 3.41% 2.95% 2.48% 1.9% 2.06% 2.19%
EPS 2 7.19 7.19 5.58 8.21 9.4 13.39 15.23 16.83
Distribution rate 30.3% 33.4% 47.3% 35.3% 34% 26.2% 24.9% 24%
Net sales 1 12,027 12,148 11,945 13,000 13,944 15,928 16,721 17,686
EBITDA - - - - - - - -
EBIT 1 3,378 3,604 2,987 3,470 3,790 4,918 5,656 5,886
Net income 1 2,572 2,660 1,821 2,483 2,717 3,714 4,093 4,302
Net Debt 1 15,178 18,270 24,366 36,793 25,372 33,596 33,652 34,748
Reference price 2 93.00 77.57 77.46 98.15 129.01 184.40 184.40 184.40
Nbr of stocks (in thousands) 365,629 366,940 308,584 293,151 279,312 274,702 - -
Announcement Date 1/19/22 1/20/23 1/19/24 1/17/25 1/16/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.66x5.26x - 1.92% 50.23B
19.5x5.54x11.87x2.14% 166B
14.5x3.52x - 2.44% 155B
16.68x7.43x - 1.5% 104B
20.54x11.58x16.8x4.37% 73.51B
11.94x1.83x5.6x1.23% 48.08B
5.13x5.31x3.82x3.56% 35.7B
13.94x5.14x16.03x1.89% 32.55B
8.23x5.8x - 3.65% 22.61B
Average 13.79x 5.71x 10.82x 2.52% 76.36B
Weighted average by Cap. 15.72x 5.72x 11.61x 2.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. STT Stock
  4. Valuation State Street Corporation
-40%: Exceptional extension
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