Jpmorgan Chase & Co Net Income surged on 12.4% in 2015
14 Jan 2016 • About Jpmorgan Chase & Co (
$JPM) • By InTwits
Jpmorgan Chase & Co reported 2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- The company has potentially unprofitable business model: ROIC is at 3.5%
- It operates with high leverage: Net Debt/EBITDA is 9.3x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Jpmorgan Chase & Co ($JPM) key annual financial indicators
| mln. $ | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 110,838 | 108,184 | 106,283 | 103,009 | 101,006 | -1.9% |
| Net Income | 18,976 | 21,284 | 17,923 | 21,745 | 24,442 | 12.4% |
Balance Sheet
|
|---|
| Cash | 59,602 | 53,723 | 39,771 | 27,831 | 20,490 | -26.4% |
| Short Term Debt | 211,133 | 202,426 | 217,552 | 181,491 | 115,680 | -36.3% |
| Long Term Debt | 267,619 | 280,879 | 272,072 | 328,699 | 330,530 | 0.6% |
Cash flow
|
|---|
| Capex | 0 | 0 | 0 | 0 | 0 | |
Ratios
|
|---|
| Revenue growth | -4.0% | -2.4% | -1.8% | -3.1% | -1.9% | |
| Net Income Margin | 17.1% | 19.7% | 16.9% | 21.1% | 24.2% | 3.1% |
| ROIC | 2.9% | 3.3% | 2.9% | 3.4% | 3.5% | 0.1% |
| ROE | 10.2% | 10.7% | 8.4% | 9.8% | 10.3% | 0.6% |
Revenue and profitability
The company's Revenue decreased slightly on 1.9% in 2015.
Net Income marign increased on 3.1 pp from 21.1% to 24.2% in 2015.
Return on investment
The company operates at low ROIC (3.50%) and ROE (10.35%). ROIC showed almost no change in 2015. ROE increased slightly on 0.59 pp from 9.8% to 10.3% in 2015.
Leverage (Debt)
Debt dropped on 12.5% in 2015 while cash dropped on 26.4% in 2015.
Appendix 1: Peers in Banks
Below you can find Jpmorgan Chase & Co benchmarking vs. other companies in Banks industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Banque Intl Arabe De Tunisie ($BIND) | 9.5% | -20.2% | 17.3% | 50.2% | |
| European Islamic Investment Bank ($EIIB) | -41.8% | 121.2% | 12.6% | 42.3% | |
| VTB Bank JSC ($VTBR) | 23.8% | 48.1% | 16.5% | 29.8% | |
| Bank Audi S.A.L. ($BQAD) | 7.1% | 9.1% | 11.7% | 23.9% | |
| Sberbank Of Russia ($SBER) | 6.7% | 37.2% | 25.1% | 23.4% | |
| |
|---|
| Median (42 companies) | 9.9% | 11.0% | 5.4% | 11.8% | 3.8% |
|---|
| Jpmorgan Chase & Co ($JPM) | | -2.4% | -1.8% | -3.1% | -1.9% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Lloyds Banking Group ($LLPC) | | 8.0% | 8.9% | 13.1% | 13.6% |
| Banco Santander Sa ($BNC) | 2.2% | 2.7% | 2.6% | 8.9% | |
| Finansbank ($FBKD) | 2.0% | 1.9% | 2.8% | 8.5% | |
| Guaranty Trust Bank ($GRTB) | 10.0% | 6.7% | 6.1% | 6.8% | |
| Diamond Bank ($DBPA) | | 8.2% | 7.9% | 6.0% | 6.7% |
| |
|---|
| Median (39 companies) | 2.4% | 2.5% | 2.7% | 2.1% | 2.4% |
|---|
| Jpmorgan Chase & Co ($JPM) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Commercial Intl Bank(Egypt)S.A.E ($CBKD) | 16.3% | 21.7% | 26.9% | 30.1% | |
| Guaranty Trust Bank ($GRTB) | 14.2% | 19.8% | 18.9% | 17.8% | |
| Mcb Bank Ltd ($MCBS) | 18.7% | 15.0% | 14.4% | 15.8% | |
| Zenith Bank ($ZENB) | 13.8% | 19.0% | 17.6% | 15.0% | |
| United Bank Ltd ($UBLS) | 12.6% | 11.7% | 11.8% | 13.8% | |
| |
|---|
| Median (42 companies) | 7.1% | 6.2% | 5.5% | 4.4% | 1.5% |
|---|
| Jpmorgan Chase & Co ($JPM) | 2.9% | 3.3% | 2.9% | 3.4% | 3.5% |
