Charles Schwab Corp.


Market Cap$114.5B

Compare Charles Schwab

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Charles Schwab Corp.Charles Schwab Corp.20.71.54%15%4.61.7
marketMarket Avg49.51.28%13%6.20.1
FinanceFinance Avg15.91.95%13%2.81.6

Earnings Call Q4 2023

January 17, 2024 - AI Summary

Schwab's financial performance in 2023 was challenging, with a decline in stock price and lower revenue and earnings compared to the previous year.
The Ameritrade conversion has been successful, with about 90% of accounts and assets accurately converted. Attrition is tracking below estimates.
Client flows remained strong in 2023, with net new assets slightly above $300 billion. Core net new assets from original Schwab clients were about $30 billion higher.
Schwab's focus on value, service, transparency, and trust continues to resonate with clients. The company received high scores for investor satisfaction and trust.
Investments are being made to enhance scale and efficiency, win-win monetization, client segmentation, and ease of doing business. These investments will support organic growth and improve the client experience.
Financial performance in 2024 is expected to be transitional but steadily improving throughout the year. Revenue could be 0% to 10% higher than the Q4 2023 run rate, with an adjusted pre-tax margin in the mid-40s. Capital levels are strong, and opportunistic buybacks may resume in the future.

Current Fair Value

66.6% upside

Undervalued by 66.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$114.50 Billion
Enterprise Value$178.66 Billion
Dividend Yield$0.9938 (1.54%)
Earnings per Share$3.01
Outstanding Shares1,771,681,659
Avg 30 Day Volume7,590,846


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio20.65
Price to Sales4.62
Price to Book Ratio3.08
Enterprise Value to Revenue7
Enterprise Value to EBIT22.96
Enterprise Value to Net Income32
Total Debt to Enterprise0.36
Debt to Equity1.7

Revenue Sources

No data

ESG Score

No data

About Charles Schwab Corp.

2,020 employees
CEO: Walter Bettinger