Stonex Group Intrinsic Value – STONEX GROUP Sees Significant Increase in Short Interest in May
June 1, 2023
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STONEX GROUP ($NASDAQ:SNEX) Inc., an international financial services provider, saw a significant increase in short interest in May. This marked a significant increase from the previous month and was the highest level of short interest the stock has seen in more than three years. The rise was likely fueled in part by speculation that the company may be facing difficulties due to the global pandemic. The company has a strong balance sheet and is well-positioned to take advantage of opportunities to grow its business.
Market Price
The stock opened at $82.4 and closed the day at $80.5, indicating a decrease of 2.7% from the previous closing price of 82.8. This is the first time since February that the company has seen a sharp increase in short interest in a single month. Market analysts are attributing this increase to the ongoing concerns over the global economic outlook and the impact of the coronavirus on the stock prices of companies in the sector. The company is yet to comment on the development. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stonex Group. More…
| Total Revenues | Net Income | Net Margin |
| 64.48k | 213.6 | 0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stonex Group. More…
| Operations | Investing | Financing |
| -2.93k | -54 | -104 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stonex Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.92k | 20.67k | 57.16 |
Key Ratios Snapshot
Some of the financial key ratios for Stonex Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 37.5% | 1.1% |
| FCF Margin | ROE | ROA |
| -4.6% | 37.6% | 2.1% |
Analysis – Stonex Group Intrinsic Value
We have analyzed the fundamentals of STONEX GROUP and determined the intrinsic value of its share to be around $83.0. This was calculated using our own proprietary Valuation Line. Currently, STONEX GROUP stock is traded at $80.5, which is a fair price but still undervalued by 3.0%. We recommend investors to take advantage of this opportunity and buy STONEX GROUP shares at this currently discounted price. More…
Peers
In the global securities market, StoneX Group Inc competes with Mirae Asset Securities, Huarong International Financial Holdings Ltd, AIRA Capital PCL. These companies are all major players in the securities market, and each has its own strengths and weaknesses. StoneX Group Inc has been able to compete effectively by offering a wide range of products and services, as well as by providing superior customer service.
– Mirae Asset Securities ($KOSE:006800)
Mirae Asset Securities Co., Ltd. is a South Korean securities company. It was established in 1997 and is headquartered in Seoul. The company provides various financial products and services, including securities brokerage, investment banking, and asset management. As of 2022, Mirae Asset Securities had a market capitalization of 3.58 trillion won and a return on equity of 8.36%.
– Huarong International Financial Holdings Ltd ($SEHK:00993)
Huarong International Financial Holdings Ltd is a financial holding company headquartered in Hong Kong. It is engaged in the provision of banking and financial services. As of 2022, it had a market capitalization of 766.48 million and a return on equity of 65.14%.
– AIRA Capital PCL ($SET:AIRA)
AIRCAP is a Thailand-based company engaged in the provision of aircraft leasing and financing services. The Company operates through three segments: aircraft leasing, which offers leasing services of aircrafts to airlines and other customers; aircraft trading, which is engaged in the purchase and sale of aircrafts; and financing, which provides loans to customers for aircraft purchases. As of December 31, 2011, the Company’s aircraft portfolio consisted of 31 aircrafts leased to 25 customers located in 18 countries.
Summary
Short interest is a measure of the number of shares sold short as a percentage of the total shares outstanding. An increase in short interest can indicate weaker investor sentiment and a bearish outlook on the company’s future. Investors should monitor StoneX Group’s short interest carefully, as it may signal a potential decline in the stock price.
Additionally, investors should pay attention to the company’s financial performance, news releases, and industry trends to assess the overall fundamentals of the stock. It is important to remember that short interest is just one indicator of a company’s performance.
