What is Stifel Financial Corp worth?
With the base-case assumptions below, a discounted cash flow model on Stifel Financial Corp's reported free cash flow gives $251.15 per share. The share price was $73.12 on November 10, 2026, 71% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 5.5% | 10.0% | $159.45 | +118% |
| Base | 10.5% | 9.0% | $251.15 | +243% |
| Bull | 15.5% | 8.0% | $433.94 | +493% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $320.53 | $341.92 | $368.08 | $400.77 | $442.80 |
| 8.0% | $268.59 | $282.47 | $298.87 | $318.54 | $342.60 |
| 9.0% | $230.72 | $240.20 | $251.15 | $263.92 | $279.02 |
| 10.0% | $201.93 | $208.68 | $216.32 | $225.06 | $235.15 |
| 11.0% | $179.35 | $184.29 | $189.82 | $196.04 | $203.09 |
Where the presets come from
Base: years 1 to 5 grow at Stifel Financial Corp's revenue growth rate over the last 5 fiscal years (10.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions