Stock LPLA LPL FINANCIAL HOLDINGS INC.
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Financials LPL Financial Holdings Inc.

Equities

LPLA

US50212V1008

Investment Banking & Brokerage Services

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
266.3 USD +0.34% Intraday chart for LPL Financial Holdings Inc. +1.42% +17.00%
Apr. 10 North American Morning Briefing : Traders Await -2- DJ
Apr. 09 Gateway First Bank Expands Gateway Private Wealth Services Through A Relationship with LPL Financial CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,456 8,263 12,831 17,207 17,212 19,894 - -
Enterprise Value (EV) 1 7,456 9,800 12,831 17,207 20,481 21,962 21,220 20,163
P/E ratio 13.9 x 17.8 x 28.4 x 20.8 x 16.6 x 18.4 x 15.7 x 12.3 x
Yield 1.08% 0.96% 0.62% - 0.53% 0.45% 0.46% 0.47%
Capitalization / Revenue 1.33 x 1.41 x 1.66 x 2 x 1.71 x 1.73 x 1.53 x 1.37 x
EV / Revenue 1.33 x 1.67 x 1.66 x 2 x 2.04 x 1.92 x 1.63 x 1.39 x
EV / EBITDA 7.2 x 10.8 x 13.4 x 11.3 x 10.3 x 10.4 x 8.9 x 7.14 x
EV / FCF 15.9 x 15.4 x 54.1 x - - 14.7 x 16.8 x 12.4 x
FCF Yield 6.27% 6.47% 1.85% - - 6.81% 5.95% 8.07%
Price to Book 7.23 x 6.3 x 7.67 x - 8.52 x 7.1 x 6.11 x 5.11 x
Nbr of stocks (in thousands) 80,823 79,283 80,146 79,600 75,619 74,699 - -
Reference price 2 92.25 104.2 160.1 216.2 227.6 266.3 266.3 266.3
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,625 5,872 7,721 8,601 10,053 11,467 13,019 14,543
EBITDA 1 1,036 909 960.8 1,525 1,986 2,108 2,385 2,826
EBIT 1 871.8 731.8 705.7 1,238 1,632 1,579 1,733 2,291
Operating Margin 15.5% 12.46% 9.14% 14.39% 16.23% 13.77% 13.31% 15.75%
Earnings before Tax (EBT) 1 741.8 626.1 601.3 1,112 1,445 1,474 1,668 2,121
Net income 1 559.9 472.6 459.9 845.7 1,066 1,095 1,249 1,595
Net margin 9.95% 8.05% 5.96% 9.83% 10.61% 9.55% 9.6% 10.97%
EPS 2 6.620 5.860 5.630 10.40 13.69 14.44 16.92 21.69
Free Cash Flow 1 467.5 634.4 237.1 - - 1,495 1,262 1,628
FCF margin 8.31% 10.8% 3.07% - - 13.04% 9.69% 11.19%
FCF Conversion (EBITDA) 45.12% 69.79% 24.68% - - 70.93% 52.91% 57.62%
FCF Conversion (Net income) 83.5% 134.23% 51.57% - - 136.51% 101.02% 102.06%
Dividend per Share 2 1.000 1.000 1.000 - 1.200 1.201 1.234 1.241
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,021 2,094 2,066 2,039 2,163 2,333 2,418 2,469 2,522 2,644 2,720 2,858 2,979 3,112 3,203
EBITDA 1 225 224.9 267.2 310.7 414.2 533.1 563.8 518.8 458.4 444.8 512.9 533.9 533.3 567.8 574
EBIT 1 165 163.7 200.6 241.1 339.9 456.3 483.7 433.7 366 348.2 357.7 368.2 328.5 328.9 -
Operating Margin 8.17% 7.82% 9.71% 11.82% 15.71% 19.56% 20% 17.57% 14.51% 13.17% 13.15% 12.88% 11.03% 10.57% -
Earnings before Tax (EBT) 1 138 136.6 173.4 212.3 306.7 419.2 444.5 388.8 317.7 293.8 355.4 383 376.8 408 400.4
Net income 1 103.1 108.1 133.7 160.5 232.3 319.1 338.9 285.5 224.3 217.6 270.6 285.8 276.5 296.1 304.7
Net margin 5.1% 5.16% 6.47% 7.87% 10.74% 13.68% 14.02% 11.57% 8.89% 8.23% 9.95% 10% 9.28% 9.51% 9.51%
EPS 2 1.260 1.320 1.640 1.970 2.860 3.950 4.240 3.650 2.910 2.850 3.529 3.710 3.612 3.925 4.078
Dividend per Share 2 0.2500 0.2500 0.2500 0.2500 0.2500 - 0.3000 0.3000 - 0.3000 0.3005 0.3005 0.3005 0.3005 0.3000
Announcement Date 10/28/21 2/3/22 4/28/22 8/2/22 10/27/22 2/2/23 4/27/23 7/27/23 10/26/23 2/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,537 - - 3,268 2,068 1,326 270
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 1.691 x - - 1.646 x 0.9813 x 0.5558 x 0.0954 x
Free Cash Flow 1 467 634 237 - - 1,495 1,262 1,628
ROE (net income / shareholders' equity) 56% 40.4% 30.8% - 57.7% 48.3% 49.6% 57.3%
ROA (Net income/ Total Assets) 9.86% 7.62% 6.3% - 12.3% 8.7% 9% 10.2%
Assets 1 5,679 6,202 7,294 - 8,653 12,588 13,881 15,638
Book Value Per Share 2 12.80 16.50 20.90 - 26.70 37.50 43.60 52.10
Cash Flow per Share 7.370 9.790 5.540 - - - - -
Capex 1 156 156 216 - 403 347 391 432
Capex / Sales 2.78% 2.65% 2.8% - 4.01% 3.03% 3% 2.97%
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for LPL Financial Holdings Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
266.3 USD
Average target price
294.9 USD
Spread / Average Target
+10.74%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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