JPMorgan Chase
Navigate firm data through the following pages:
Analyst Listing | Primary Input Data |
Derived Input Data | Valuation Model Outcomes |
Analyst Listing
The following analysts provide coverage for the subject firm as of May 2016:
Broker | Analyst | Analyst Email |
Oppenheimer | Chris Kotowski | chris.kotowski@opco.com |
Keefe Bruyette & Woods | Christopher M. Mutascio | mutascioc@kbw.com |
Atlantic Equities | Christopher Wheeler | c.wheeler@atlantic-equities.com |
Drexel Hamilton | David Hilder | dhilder@drexelhamilton.com |
Guggenheim Securities | Eric Wasserstrom | eric.wasserstrom@guggenheimpartners.com |
RBC Capital Markets | Gerard Cassidy | gerard.cassidy@rbccm.com |
Evercore ISI | Glenn Schorr | glenn.schorr@evercoreisi.com |
BMO Capital Markets | James Fotheringham | james.fotheringham@bmo.com |
Buckingham Research | James Mitchell | jmitchell@buckresearch.com |
Sandler O’Neill & Partners | Jeffery J. Harte | jharte@sandleroneill.com |
Bernstein Research | John E. McDonald | john.mcdonald@bernstein.com |
Jefferies | Kenneth Usdin | kusdin@jefferies.com |
Wells Fargo Securities | Matthew H. Burnell | matt.burnell@wellsfargo.com |
Deutsche Bank Research | Matthew O’Connor | matthew.o-connor@db.com |
Societe Generale | Murali Gopal | murali.gopal@sgcib.com |
FBR Capital Markets & Co | Paul J. Miller | pmiller@fbr.com |
Nomura Research | Steven Chubak | Steven.Chubak@nomura.com |
Credit Suisse | Susan Roth Katzke | susan.katzke@credit-suisse.com |
Primary Input Data
Derived Input Data
Derived Input |
Label |
2015 Value
|
2016 Value |
Equational Form |
Net Income | NI | |||
Cash Flow From Equity | CFE | |||
Total Equity | TE | |||
Return on Equity | ROE | |||
Net Investment | NetInv | |||
Investment Rate | IR | |||
Cost of Equity | COE | |||
Enterprise value | EVMarket | |||
EVBook | ||||
EV/EBIT Multiple | ||||
Long-Run Growth | g = % GDP | Long-run growth rates of the income variable (g = IR x ROIC and g = % GDP) are used in the Continuing Value portion of the valuation models. | ||
g = IR x ROIC |
Valuation Model Outcomes
The outcomes presented in this study are the result of original input data, derived data, and synthesized inputs and, depending on the equational form of any particular valuation model, may result in irrelevant or implausible results. For example, in the event WACC < g, the value of this term, often found in the denominator of an equation’s continuation value term, will be expressly negative and may result in a negative overall valuation for the firm. In the event of a WACC < g relation, the model form as applied to the subject firm offers an irrelevant outcome.
Valuation Model Type |
Label |
Equational form
|
|
Key Value Driver (NI) | KVD (NI) | ||
Key Value Driver (CFE) | KVD (CFE) |
|
|
Cash Flow From Equity | CFE | ||
Economic Profit | ECON π | ||
Forward Market Multiple | FMM | ||