DISCOVER FINANCIAL SERVICES |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 124 USD | -0.76% |
|
+0.56% | +9.88% |
| Jun. 07 | BTIG Initiates Discover Financial Services at Neutral Rating | MT |
| Jun. 07 | BTIG Initiates Discover Financial Services With Neutral Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,588 | 27,747 | 33,868 | 26,730 | 28,107 | 31,300 | - | - |
| Enterprise Value (EV) 1 | 26,588 | 27,747 | 33,868 | 26,730 | 28,107 | 31,300 | 31,300 | 31,300 |
| P/E ratio | 9.34 x | 25.2 x | 6.48 x | - | 9.98 x | 12.4 x | 9.68 x | 8.45 x |
| Yield | 1.98% | 1.94% | 1.63% | 2.35% | 2.4% | 2.25% | 2.29% | 2.39% |
| Capitalization / Revenue | 2.32 x | 2.5 x | 2.8 x | - | 1.77 x | 1.87 x | 1.88 x | 1.8 x |
| EV / Revenue | 2.32 x | 2.5 x | 2.8 x | - | 1.77 x | 1.87 x | 1.88 x | 1.8 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.22 x | 2.55 x | 2.49 x | 1.79 x | 1.9 x | 1.91 x | 1.72 x | 1.64 x |
| Nbr of stocks (in thousands) | 313,468 | 306,496 | 293,076 | 273,226 | 250,058 | 250,599 | - | - |
| Reference price 2 | 84.82 | 90.53 | 115.6 | 97.83 | 112.4 | 124.9 | 124.9 | 124.9 |
| Announcement Date | 1/23/20 | 1/20/21 | 1/19/22 | 1/18/23 | 1/17/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,459 | 11,088 | 12,087 | - | 15,860 | 16,781 | 16,660 | 17,372 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 7,066 | 6,569 | 7,282 | - | 9,844 | 9,836 | 9,921 | 9,837 |
| Operating Margin | 61.66% | 59.24% | 60.25% | - | 62.07% | 58.62% | 59.55% | 56.63% |
| Earnings before Tax (EBT) 1 | 3,835 | 1,435 | 7,064 | - | 3,826 | 3,396 | 4,209 | 4,721 |
| Net income 1 | 2,905 | 1,098 | 5,400 | - | 2,859 | 2,489 | 3,163 | 3,608 |
| Net margin | 25.35% | 9.9% | 44.68% | - | 18.03% | 14.83% | 18.98% | 20.77% |
| EPS 2 | 9.080 | 3.590 | 17.83 | - | 11.26 | 10.06 | 12.91 | 14.78 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.680 | 1.760 | 1.880 | 2.300 | 2.700 | 2.813 | 2.857 | 2.987 |
| Announcement Date | 1/23/20 | 1/20/21 | 1/19/22 | 1/18/23 | 1/17/24 | - | - | - |
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 | 2,936 | 2,902 | 3,224 | 3,479 | - | 3,753 | 3,878 | 4,044 | 4,196 | 4,210 | 4,184 | 4,242 | 4,231 | 4,132 | 4,079 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,624 | 1,772 | 2,001 | 2,091 | - | 2,370 | 2,474 | 2,590 | 2,421 | 1,901 | 2,654 | 2,664 | 2,543 | 2,646 | 2,566 |
| Operating Margin | 55.31% | 61.06% | 62.07% | 60.1% | - | 63.15% | 63.8% | 64.05% | 57.7% | 45.15% | 63.44% | 62.79% | 60.11% | 64.04% | 62.9% |
| Earnings before Tax (EBT) 1 | 1,361 | 1,618 | 1,452 | 1,318 | - | 1,268 | 1,169 | 888 | 512 | 404 | 928.2 | 989.7 | 860.5 | 1,097 | 909.7 |
| Net income 1 | 1,062 | 1,205 | 1,105 | 967 | - | 939 | 895 | 647 | 386 | 274 | 705.6 | 719.5 | 663.7 | 774.5 | 721.6 |
| Net margin | 36.17% | 41.52% | 34.27% | 27.8% | - | 25.02% | 23.08% | 16% | 9.2% | 6.51% | 16.87% | 16.96% | 15.69% | 18.74% | 17.69% |
| EPS 2 | 3.640 | 4.220 | 3.960 | 3.540 | - | 3.580 | 3.540 | 2.590 | 1.540 | 1.100 | 2.880 | 2.944 | 2.702 | 3.158 | 3.070 |
| Dividend per Share 2 | 0.5000 | 0.5000 | 0.6000 | 0.6000 | 0.6000 | 0.6000 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | 0.7000 | 0.7000 |
| Announcement Date | 1/19/22 | 4/27/22 | 7/20/22 | 10/24/22 | 1/18/23 | 4/19/23 | 7/19/23 | 10/18/23 | 1/17/24 | 4/17/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 25.3% | 11.3% | 44.5% | 31% | 21% | 17.7% | 18.2% | 18.3% |
| ROA (Net income/ Total Assets) | 2.6% | 0.99% | 4.84% | 3.56% | 2.02% | 1.76% | 2.04% | 2.15% |
| Assets 1 | 111,774 | 110,909 | 111,566 | - | 141,612 | 141,552 | 155,360 | 167,805 |
| Book Value Per Share 2 | 38.20 | 35.50 | 46.50 | 54.60 | 59.30 | 65.50 | 72.70 | 76.10 |
| Cash Flow per Share | 19.40 | 20.20 | 20.10 | 25.70 | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/23/20 | 1/20/21 | 1/19/22 | 1/18/23 | 1/17/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
124.9
USD
Average target price
136.2
USD
Spread / Average Target
+9.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.12% | 31.3B | |
| +17.55% | 574B | |
| +18.15% | 311B | |
| +15.71% | 254B | |
| +18.57% | 203B | |
| +21.72% | 184B | |
| +27.18% | 172B | |
| +9.30% | 163B | |
| +9.22% | 150B | |
| -8.66% | 143B |
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