Financials T. Rowe Price Group Inc.

Equities

TROW

US74144T1088

Investment Management & Fund Operators

Real-time Estimate Cboe BZX 10:32:10 2024-05-01 am EDT 5-day change 1st Jan Change
109.6 USD +0.02% Intraday chart for T. Rowe Price Group Inc. -0.99% +2.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,471 34,280 45,070 24,371 24,066 24,467 - -
Enterprise Value (EV) 1 26,689 32,128 43,546 22,615 21,999 21,840 22,448 20,872
P/E ratio 14 x 15.2 x 15 x 16.3 x 13.9 x 12.8 x 12.6 x 14.9 x
Yield 2.5% 2.38% 2.2% 4.4% 4.53% 4.51% 4.6% 4.71%
Capitalization / Revenue 5.07 x 5.52 x 5.87 x 3.76 x 3.73 x 3.47 x 3.38 x 3.34 x
EV / Revenue 4.75 x 5.18 x 5.68 x 3.49 x 3.41 x 3.09 x 3.11 x 2.85 x
EV / EBITDA 10.4 x 10.9 x 11.1 x 8.3 x 8.74 x 8.14 x 8.26 x 8.64 x
EV / FCF 20.2 x - 13.6 x - - 10.2 x 10.6 x 10.8 x
FCF Yield 4.94% - 7.38% - - 9.81% 9.47% 9.29%
Price to Book 4.03 x 4.48 x 5 x 2.77 x 2.54 x 2.46 x 2.33 x 2.06 x
Nbr of stocks (in thousands) 233,677 226,433 229,198 223,465 223,470 223,300 - -
Reference price 2 121.8 151.4 196.6 109.1 107.7 109.6 109.6 109.6
Announcement Date 1/29/20 1/28/21 1/27/22 1/26/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,618 6,207 7,672 6,488 6,460 7,059 7,229 7,334
EBITDA 1 2,578 2,935 3,915 2,726 2,518 2,683 2,716 2,416
EBIT 1 2,387 2,746 3,710 2,500 2,263 2,557 2,549 2,748
Operating Margin 42.49% 44.24% 48.36% 38.54% 35.03% 36.22% 35.27% 37.47%
Earnings before Tax (EBT) 1 2,927 3,242 3,995 1,948 2,490 2,654 2,717 2,379
Net income 1 2,076 2,307 3,002 1,522 1,744 1,937 1,962 1,631
Net margin 36.95% 37.18% 39.14% 23.45% 27% 27.43% 27.15% 22.24%
EPS 2 8.700 9.980 13.12 6.700 7.760 8.570 8.727 7.350
Free Cash Flow 1 1,318 - 3,213 - - 2,142 2,125 1,938
FCF margin 23.46% - 41.88% - - 30.34% 29.39% 26.42%
FCF Conversion (EBITDA) 51.13% - 82.07% - - 79.84% 78.23% 80.22%
FCF Conversion (Net income) 63.49% - 107.01% - - 110.61% 108.28% 118.82%
Dividend per Share 2 3.040 3.600 4.320 4.800 4.880 4.937 5.046 5.160
Announcement Date 1/29/20 1/28/21 1/27/22 1/26/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 1,962 1,863 1,513 1,588 1,524 1,538 1,610 1,671 1,642 1,750 1,771 1,782 1,799 1,771 1,860
EBITDA 1 916.2 931.9 634.4 683.1 568.8 586.8 655.7 699.6 575.9 755 702.9 705.7 664.1 675.1 761.8
EBIT 1 862.5 838 579.7 573.7 509.1 528 596.6 635.9 502.7 692.4 639.4 643 590.1 614.9 721.8
Operating Margin 43.97% 44.98% 38.31% 36.12% 33.4% 34.34% 37.05% 38.06% 30.62% 39.56% 36.11% 36.08% 32.8% 34.72% 38.8%
Earnings before Tax (EBT) 1 912.6 678.9 388.7 491.8 388.8 619.6 639.7 584.1 646.9 775.5 692.2 706.9 691.5 711.2 733.8
Net income 1 721.7 554.9 332.2 375.2 259.5 411 464.8 442.6 425.9 558 500.6 510.6 475.5 490.6 550.4
Net margin 36.79% 29.79% 21.96% 23.62% 17.03% 26.73% 28.87% 26.49% 25.94% 31.88% 28.27% 28.65% 26.42% 27.7% 29.59%
EPS 2 3.180 2.410 1.460 1.660 1.160 1.830 2.060 1.970 1.900 2.490 2.205 2.260 2.105 2.170 2.400
Dividend per Share 2 1.080 1.200 1.200 1.200 1.200 1.220 1.220 1.200 1.220 1.220 1.232 1.232 1.232 1.264 1.271
Announcement Date 1/27/22 4/28/22 7/28/22 10/27/22 1/26/23 5/2/23 7/28/23 10/27/23 2/8/24 4/26/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,782 2,152 1,523 1,756 2,067 2,627 2,019 3,595
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,318 - 3,213 - - 2,142 2,125 1,938
ROE (net income / shareholders' equity) 31.4% 31.2% 35.9% 17% 19% 19.2% 19.2% 18.4%
ROA (Net income/ Total Assets) 24.4% 23.1% 25.9% 12.6% 14.6% 14.5% 14% 12.2%
Assets 1 8,510 9,995 11,588 12,076 11,961 13,376 14,006 13,369
Book Value Per Share 2 30.20 33.80 39.40 39.40 42.50 44.50 46.90 53.20
Cash Flow per Share 2 6.380 8.300 15.20 10.40 5.420 10.80 10.70 9.950
Capex 1 205 215 239 238 - 293 273 271
Capex / Sales 3.64% 3.46% 3.12% 3.66% - 4.15% 3.78% 3.7%
Announcement Date 1/29/20 1/28/21 1/27/22 1/26/23 2/8/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
109.6 USD
Average target price
114.8 USD
Spread / Average Target
+4.80%
Consensus
  1. Stock Market
  2. Equities
  3. TROW Stock
  4. Financials T. Rowe Price Group Inc.