Company Quick10K Filing
INTL FCStone
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 19 $710
10-K 2019-12-12 Annual: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-Q 2019-02-07 Quarter: 2018-12-31
10-K 2018-12-12 Annual: 2018-09-30
10-Q 2018-08-06 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-Q 2018-02-07 Quarter: 2017-12-31
10-K 2017-12-14 Annual: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-Q 2017-02-08 Quarter: 2016-12-31
10-K 2016-12-14 Annual: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-Q 2016-02-09 Quarter: 2015-12-31
10-K 2015-12-09 Annual: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-Q 2015-02-09 Quarter: 2014-12-31
10-K 2014-12-10 Annual: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-Q 2014-02-10 Quarter: 2013-12-31
10-K 2014-01-15 Annual: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-Q 2013-02-07 Quarter: 2012-12-31
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-Q 2012-02-08 Quarter: 2011-12-31
10-K 2011-12-14 Annual: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-Q 2011-02-09 Quarter: 2010-12-31
10-K 2010-12-15 Annual: 2010-09-30
10-Q 2010-08-12 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-Q 2010-02-17 Quarter: 2009-12-31
8-K 2019-12-11 Earnings, Regulation FD, Exhibits
8-K 2019-08-13 Regulation FD
8-K 2019-08-08 Earnings, Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Regulation FD, Exhibits
8-K 2019-02-22 Enter Agreement, Exhibits
8-K 2019-02-13 Officers, Shareholder Vote, Regulation FD
8-K 2019-02-06 Earnings, Regulation FD, Exhibits
8-K 2018-12-11 Earnings, Regulation FD, Exhibits
8-K 2018-11-27 Regulation FD, Exhibits
8-K 2018-10-30 Regulation FD, Exhibits
8-K 2018-10-22 Enter Agreement, Earnings, Regulation FD, Exhibits
8-K 2018-09-07 Officers, Regulation FD, Exhibits
8-K 2018-08-06 Earnings, Regulation FD, Exhibits
8-K 2018-05-08 Earnings, Regulation FD, Exhibits
8-K 2018-02-14 Shareholder Vote, Regulation FD
8-K 2018-02-07 Earnings, Regulation FD, Exhibits

INTL FCStone Financials

INTL Metrics, Comps, Filings

Annual | Quarterly

Business

We are a diversified global brokerage and financial services firm providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets around the world. We help our clients to access market liquidity, maximize profits and manage risk. Our revenues are derived primarily from financial products and advisory services intended to fulfill our clients' commercial needs and provide bottom-line benefits to their businesses. Our businesses are supported by our global infrastructure of regulated operating subsidiaries, our advanced technology platform and our team of more than 2,000 employees as of September 30, 2019. We believe our client-first approach differentiates us from large banking institutions, engenders trust and has enabled us to establish leadership positions in a number of complex fields in financial markets around the world.

We offer a vertically integrated product suite, including high-touch execution, electronic access through a wide variety of technology platforms in a number of important global markets, and insightful market intelligence and advice, as well as post-trade settlement, clearing and custody services. We believe this is a unique product suite offering outside of bulge bracket banks, which creates sticky relationships with our clients. Our business model has created a revenue stream that is diversified by asset class, client type and geography, with a significant portion of recurring revenue derived from monetizing non-trading client activity including consistent and predictable interest and fee earnings on client balances, while also earning both commissions and spreads as clients execute transactions across our financial network.

We currently serve more than 20,000 commercial and institutional clients, located in more than 130 countries. We believe we are the third largest independent, non-bank futures commission merchant ("FCM") in the United States ("U.S.") as measured by our $2.2 billion in required client segregated assets at our U.S. FCM as of September 30, 2019, and one of the top ranked market makers in foreign securities by dollar volume as determined through the three-year period ended December 31, 2018, making markets in approximately 5,000 different foreign securities. We are one of only nine Category One ring dealing members of the London Metals Exchange (the "LME"). Our clients include commercial entities, asset managers, regional, national and introducing broker-dealers, insurance companies, brokers, institutional investors and professional traders, commercial and investment banks and government and non-governmental organizations ("NGOs"). We believe our clients value us for our attention to their needs, our expertise and flexibility, our global reach, our ability to provide access to liquidity in hard to reach markets and opportunities, and our status as a well-capitalized and regulatory-compliant organization. Our correspondent clearing and independent wealth management businesses include approximately 70 correspondent clearing relationships representing more than 80,000 underlying individual securities accounts as of September 30, 2019.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Waddell & Reed (WDR) 1,255 0% 4.8 13% 1,269 397 1,097 0 160 242 1,153
Wisdomtree Investments (WETF) 1,045 77% 23.1 2% 955 458 272 210 22 50 1,161
Investment Technology Group (ITG) 1,041 0% 59.3 0% 1,021 662 509 0 1 13 759
Piper Jaffray (PJC) 1,016 0% 7.2 7% 1,206 480 818 0 79 138 993
Associated Capital Group (AC) 794 0% -18.1 -2% 1,004 70 23 0 -23 -24 432
INTL FCStone (INTL) 710 4% -9.7 1% 10,055 9,484 21,144 798 55 198 -1,918
Ladenburg Thalmann (LTS) 549 0% 7.6 4% 818 571 1,403 0 30 82 625
Cowen (COWN) 523 0% 6.6 1% 4,862 3,604 997 0 48 77 510
Gamco Investors (GBL) 511 0% 3.4 68% 150 128 318 0 102 143 483
Oppenheimer Holdings (OPY) 369 0% 4.6 1% 2,652 2,089 984 0 37 107 498
Greenhill (GHL) 338 0% 10.3 -4% 470 447 283 0 -17 22 228
Siebert Financial (SIEB) 231 0% 18.0 50% 23 4 28 0 11 13 226
Net 1 UEPS (UEPS) 223 45% -4.4 -14% 840 231 459 207 -114 -26 116
Gain Capital (GCAP) 151 24% -42.9 -1% 1,304 1,041 106 25 -18 19 -817
China Finance Online (JRJC) 90 0% 81 54 0 0 0 0 77
JMP Group (JMP) 84 0% 2.3 2% 236 161 43 0 6 50 116
Payment Data Systems (PYDS) 57 29% -21.4 -7% 61 51 20 6 -4 -2 43
National Holdings (NHLD) 36 0% 29.2 -4% 70 21 200 0 -3 0 10
Cohen (COHN) 8 0% 20.9 -0% 6,469 6,428 50 0 -3 2 39
Usio (USIO)

Balance Sheet ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash221133321315342
Accounts Receivable116699356217194233288
Inventory13259125222
PP&E1544329133942
Assets2,6362883233193973926,2437,825
Accounts Payable
Long-Term Debt46474746
Liabilities2,338781311572612705,7947,319
Stockholders' Equity296210192162136122450505
Income Statement ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Revenue75,12368,81243,28433,54634,09014,11228,67326,682
Cost of Revenue74,70068,80343,26933,53134,05814,04627,88925,707
Gross Profit4231014153166784976
R&D
SG&A
Tax229-13-17-13-34946
Net Income37151919455656
Cash Flow ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash Operating209-20-45529-3514-74
Cash Investing-22-15-12-2-22-54-22-15
Cash Financing-484647-5013886121