A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
OPPENHEIMER HOLDINGS INC
OPY
$1.2B
Mkt Cap
$109.69
-0.15%
OPPENHEIMER HOLDINGS INC (OPY) has a current P/E ratio of 8.4, compared to its historical median P/E of 9.9. The stock is currently considered Fair based on its historical valuation range.
OPPENHEIMER HOLDINGS INC (OPY) has a 5-year average return on invested capital (ROIC) of 9.9%. This is below average and may indicate limited pricing power.
OPPENHEIMER HOLDINGS INC (OPY) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, OPPENHEIMER HOLDINGS INC (OPY) pays a dividend with a trailing twelve-month yield of 1.54%. The company also returns capital through share buybacks, with a buyback yield of 0.25%.
Based on historical P/E analysis, OPPENHEIMER HOLDINGS INC (OPY) appears fair. The current P/E of 8.4 is 15% below its historical median of 9.9. The estimated fair value CAGR (P/E method) is 3.7%.
OPPENHEIMER HOLDINGS INC (OPY) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
OPPENHEIMER HOLDINGS INC (OPY) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. BUSINESS Oppenheimer Holdings Inc. ("OPY" or the "Parent"), through its Operating Subsidiaries (together, the "Company", the "Firm", "we", "our" or "us"), is a leading middle-market investment bank and full service broker-dealer incorporated in the State of Delaware in the United States. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity and fixed income research, market-making, trust services and investment advisory and asset management services. The Parent owns, through subsidiaries, Oppenheimer & Co. Inc. ("Oppenheimer"), a New York-based securities broker-dealer and investment adviser, Oppenheimer Asset Management Inc. and its subsidiary advisors ("OAM"), a New York-based investment adviser, Oppenheimer Trust Company of Delaware Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.6B | 1.4B | 1.2B | 1.1B | 1.4B |
| Net Income | 97M | 148M | 72M | 30M | 32M | 159M |
| EPS | $9.00 | $13.04 | $6.37 | $2.59 | $2.57 | $11.70 |
| Free Cash Flow | 87M | 184M | -113M | -36M | 48M | 220M |
| ROIC | 10.6% | 16.2% | 8.2% | 3.3% | 3.5% | 18.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 2.77 | 0.00 | 0.14 | 0.14 | 0.15 |
| Dividends/Share | $1.69 | $0.67 | $0.66 | $0.60 | $0.60 | $1.54 |
| Operating Income | 143M | 211M | 106M | 47M | 46M | 225M |
| Operating Margin | 8.3% | 12.9% | 7.4% | 3.7% | 4.1% | 16.1% |
| ROE | 10.2% | 16.2% | 8.7% | 3.8% | 4.0% | 21.1% |
| Shares Outstanding | 11M | 11M | 11M | 12M | 13M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 981M | 898M | 858M | 920M | 958M | 1.0B | 1.2B | 1.4B | 1.1B | 1.2B | 1.4B | 1.6B | 1.7B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 654M | 611M | 585M | 602M | 607M | 658M | 771M | 887M | 741M | 782M | 937M | 1.0B | 1.1B |
| EBIT | 17M | -2.4M | -22M | 20M | 45M | 75M | 169M | 225M | 46M | 47M | 106M | 211M | 143M |
| Op. Margin | 1.8% | -0.3% | -2.6% | 2.1% | 4.7% | 7.2% | 14.1% | 16.1% | 4.1% | 3.7% | 7.4% | 12.9% | 8.3% |
| Net Income | 8.8M | 2.0M | -1.2M | 23M | 29M | 53M | 123M | 159M | 32M | 30M | 72M | 148M | 97M |
| Net Margin | 0.9% | 0.2% | -0.1% | 2.5% | 3.0% | 5.1% | 10.3% | 11.4% | 2.9% | 2.4% | 5.0% | 9.1% | 5.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 1.7% | 0.3% | -0.2% | 3.3% | 3.9% | 7.1% | 15.9% | 18.1% | 3.5% | 3.3% | 8.2% | 16.2% | 10.6% |
| ROE | 1.7% | 0.4% | -0.2% | 4.4% | 5.4% | 9.3% | 19.2% | 21.1% | 4.0% | 3.8% | 8.7% | 16.2% | 10.2% |
| ROA | 0.3% | 0.1% | -0.0% | 1.0% | 1.2% | 2.3% | 4.7% | 5.5% | 1.1% | 1.1% | 2.3% | 4.2% | 2.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 78M | -19M | -67M | -16M | 169M | 79M | -54M | 228M | 64M | -19M | -108M | 189M | 91M |
| Free Cash Flow | 74M | -25M | -73M | -22M | 160M | 69M | -59M | 220M | 48M | -36M | -113M | 184M | 87M |
| Owner Earnings | -31M | -29M | -80M | -34M | 155M | 60M | -78M | 189M | -49M | -118M | -154M | 156M | -80M |
| CapEx | 4.4M | 5.9M | 5.7M | 5.6M | 8.7M | 10M | 4.5M | 8.3M | 16M | 17M | 5.1M | 5.2M | 3.5M |
| Maint. CapEx | 104M | 7.2M | 6.8M | 5.7M | 6.9M | 7.6M | 8.1M | 8.0M | 98M | 83M | 350K | 667K | 113M |
| Growth CapEx | 0 | 0 | 0 | 0 | 1.8M | 2.4M | 0 | 274K | 0 | 0 | 4.8M | 4.5M | 0 |
| D&A | 104M | 7.2M | 6.8M | 5.7M | 6.9M | 7.6M | 8.1M | 8.0M | 98M | 83M | 350K | 667K | 113M |
| CapEx/OCF | 5.6% | N/A | N/A | N/A | 5.1% | 12.7% | N/A | 3.6% | 25.3% | N/A | N/A | 2.8% | 3.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 6.0M | 6.0M | 5.9M | 5.8M | 5.8M | 5.9M | 19M | 19M | 7.0M | 6.5M | 6.8M | 7.6M | 18M |
| Dividend Yield | 2.3% | 2.6% | 3.7% | 2.8% | 1.7% | 1.8% | 6.8% | 3.5% | 1.6% | 1.5% | 1.3% | 1.0% | 1.5% |
| Share Buybacks | 0 | 8.3M | 3.9M | 7.5M | 5.9M | 8.4M | 15M | 7.7M | 61M | 35M | 9.6M | 3.0M | 2.9M |
| Buyback Yield | N/A | 4.4% | 2.0% | 2.4% | 2.0% | 2.5% | 4.0% | 1.3% | 12.0% | 7.5% | 1.4% | 0.4% | 0.2% |
| Stock-Based Comp | 6.1M | 2.9M | 6.2M | 13M | 6.7M | 12M | 16M | 31M | 16M | 17M | 46M | 32M | 58M |
| Debt Repayment | 0 | 0 | 0 | 150M | 0 | 50M | 1.4M | 0 | 11M | 1.0M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 86M | 86M | 84M | 152M | 108M | 70M | 88M | -90M | 1.0M | 84M | -33M | N/A | -35M |
| Cash & Equiv. | 64M | 63M | 65M | 48M | 91M | 80M | 35M | 214M | 112M | 29M | 33M | 38M | 35M |
| Long-Term Debt | N/A | 149M | 149M | 199M | 199M | 150M | 124M | 124M | 113M | 113M | 0 | N/A | N/A |
| Debt/Equity | 0.28 | 0.29 | 0.29 | 0.38 | 0.37 | 0.25 | 0.18 | 0.15 | 0.14 | 0.14 | 0.00 | 2.77 | 0.00 |
| Interest Coverage | 1.0 | -0.1 | -1.1 | 0.7 | 1.0 | 1.6 | 10.8 | 22.8 | 1.9 | 0.7 | 1.2 | 2.4 | 2.4 |
| Equity | 528M | 518M | 511M | 524M | 545M | 593M | 686M | 823M | 794M | 789M | 850M | 984M | 952M |
| Total Assets | 2.8B | 2.7B | 2.2B | 2.4B | 2.2B | 2.5B | 2.7B | 3.0B | 2.7B | 2.9B | 3.4B | 3.7B | 3.8B |
| Total Liabilities | 2.3B | 2.2B | 1.7B | 1.9B | 1.7B | 1.9B | 2.0B | 2.1B | 1.9B | 2.1B | 2.5B | 2.7B | 2.8B |
| Intangibles | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 34M | 36M | 35M | 35M |
| Retained Earnings | 421M | 417M | 410M | 427M | 450M | 497M | 601M | 741M | 764M | 756M | 820M | 947M | 925M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.62 | 0.14 | -0.09 | 1.67 | 2.05 | 3.82 | 9.30 | 11.70 | 2.57 | 2.59 | 6.37 | 13.04 | 9.00 |
| Owner EPS | -2.20 | -2.10 | -6.19 | -2.52 | 11.00 | 4.31 | -5.93 | 13.89 | -3.91 | -10.17 | -13.71 | 13.70 | -7.46 |
| Book Value | 37.07 | 36.97 | 39.59 | 38.32 | 38.69 | 42.76 | 51.85 | 60.59 | 63.09 | 67.73 | 75.70 | 86.45 | 88.95 |
| Cash Flow/Share | 5.50 | -1.39 | -5.18 | -1.18 | 11.96 | 5.71 | -4.09 | 16.77 | 5.12 | -1.61 | -9.63 | 16.59 | 19.60 |
| Dividends/Share | 0.44 | 0.43 | 0.46 | 0.44 | 0.44 | 0.46 | 1.48 | 1.54 | 0.60 | 0.60 | 0.66 | 0.67 | 1.69 |
| Shares Out. | 14.2M | 14.0M | 12.9M | 13.7M | 14.1M | 13.9M | 13.2M | 13.6M | 12.6M | 11.7M | 11.2M | 11.4M | 10.7M |
| Valuation | |||||||||||||
| P/E Ratio | 28.8 | 96.6 | N/A | 13.5 | 10.4 | 6.2 | 3.0 | 3.6 | 15.7 | 15.5 | 9.9 | 5.7 | 12.2 |
| P/FCF | 3.4 | N/A | N/A | N/A | 1.9 | 4.8 | N/A | 2.6 | 10.5 | N/A | N/A | 4.6 | 13.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | 9.1 | 5.3 | 2.7 | 2.2 | 8.7 | 11.2 | 6.0 | N/A | 8.0 |
| Price/Book | 0.5 | 0.4 | 0.4 | 0.6 | 0.6 | 0.6 | 0.5 | 0.7 | 0.6 | 0.6 | 0.8 | 0.9 | 1.2 |
| Price/Sales | 0.3 | 0.3 | 0.2 | 0.2 | 0.4 | 0.3 | 0.2 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 |
| FCF Yield | 29.1% | -13.3% | -36.6% | -7.1% | 53.2% | 21.0% | -15.6% | 38.2% | 9.5% | -7.7% | -16.0% | 21.8% | 7.4% |
| Market Cap | 254M | 190M | 198M | 308M | 301M | 330M | 375M | 575M | 507M | 467M | 706M | 842M | 1.2B |
| Avg. Price | 18.22 | 16.75 | 12.37 | 15.05 | 23.84 | 23.24 | 20.71 | 40.50 | 35.25 | 37.98 | 46.14 | 65.58 | 109.69 |
| Year-End Price | 17.85 | 13.53 | 15.38 | 22.51 | 21.34 | 23.78 | 28.35 | 42.29 | 40.30 | 40.06 | 62.86 | 74.01 | 109.69 |
OPPENHEIMER HOLDINGS INC passes 2 of 9 quality checks, indicating weak fundamentals.
OPPENHEIMER HOLDINGS INC trades at 8.4x trailing earnings, compared to its 15-year median P/E of 9.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 6.3x vs a median of 4.6x. The company's 5-year average ROIC is 9.9%. Total shareholder yield (dividends + buybacks) is 1.8%. At current prices, the estimated annualized return to fair value is +5.5%.
OPPENHEIMER HOLDINGS INC (OPY) has a net profit margin of 9.1%. This is a modest margin.
OPPENHEIMER HOLDINGS INC (OPY) generated $184 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OPPENHEIMER HOLDINGS INC (OPY) has a debt-to-equity ratio of 2.77. This indicates higher leverage, which may increase financial risk.
OPPENHEIMER HOLDINGS INC (OPY) reported earnings per share (EPS) of $13.04 in its most recent fiscal year.
OPPENHEIMER HOLDINGS INC (OPY) has a return on equity (ROE) of 16.2%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 17 years of financial data for OPPENHEIMER HOLDINGS INC (OPY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OPPENHEIMER HOLDINGS INC (OPY) has a book value per share of $86.45, based on its most recent annual SEC filing.