OPY

Oppenheimer Holdings Inc.

$62.92

0.28

(0.45%)

Exchange:	NYSE
Market Cap:	655.991M
Shares Outstanding:	11.2M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company offers brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services. It also provides asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, non-discretionary investment advisory and consultation services, alternative investments, portfolio enhancement programs, and institutional taxable fixed income portfolio management strategies and solutions, as well as taxable and non-taxable fixed income portfolios and strategies. In addition, the company offers investment banking services, such as strategic advisory services and capital markets products; merger and acquisition, equities capital market, and debt capital market products and services; and institutional equity sales and trading, equity research, equity derivatives and index options, convertible bonds, and trading services. Further, it provides institutional fixed income sales and trading, fixed income research, public finance, and municipal trading services; repurchase agreements and securities lending services; and proprietary trading and investment activities. Additionally, the company offers underwritings, market-making, trust, and discount services. It serves high-net-worth individuals and families, corporate executives, public and private businesses, institutions and corporations, governments, financial sponsors, and domestic and international investors. Oppenheimer Holdings Inc. was founded in 1881 and is headquartered in New York, New York.

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Revenue Segmentation

EPS

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Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	928,385	857,779	920,338	958,154	1,033,379	1,198,667	1,394,035	1,110,941	1,248,825	1,432,496
? Cost Of Revenue	649,248	609,836	625,683	630,177	679,676	793,975	909,146	766,393	807,324	964,455
? Gross Profit	279,137	247,943	294,655	327,977	353,703	404,692	484,889	344,548	441,501	468,041
? Research And Development Expenses	0	-0.030	0.020	0.050	0.070	0.140	0.160	0.040	0	0
? General And Administrative Expenses	130,054	131,181	133,142	135,650	143,786	144,484	140,589	145,371	157,323	163,213
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0
? Operating Expenses	130,054	131,181	133,142	135,650	143,786	144,484	140,589	145,371	1,133,391	163,213
? Net Interest Income	0	0	0	0	0	0	0	0	0	-87,991
? Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Expense	17,323	19,437	28,354	46,396	45,687	15,680	9,855	23,846	68,599	87,991
? Depreciation And Amortization	7,915	881,202	900,320	866,896	912,765	1,013,915	1,159,561	1,041,569	37,205	37,285
? EBITDA	5,487	-9,630	25,393	98,136	120,599	184,680	234,496	69,400	152,574	231,033
? EBIT										193,748
? Operating Income	149,083	116,762	161,513	192,327	87,778	151,387	200,377	34,991	0	304,828
? Income Before Tax	6,711	-21,892	19,736	44,853	74,912	169,000	224,641	45,554	46,770	105,757
? Income Tax Expense	3,813	-12,262	-2,134	15,977	21,959	46,014	65,677	13,444	16,498	34,510
? Net Income From Continuing Operations										71,247
? Net Income	1,962	-1,161	22,816	28,892	52,953	122,986	158,964	32,351	30,179	71,557
? EPS (Earnings Per Share)	0.140	-0.090	1.720	2.050	4.100	9.730	12.570	2.770	2.810	6.930
? EPS Diluted	0.140	-0.090	1.670	2.050	3.820	9.300	11.700	2.570	2.590	6.310
? Weighted Average Shares Outstanding	13,641	13,368.768	13,246	14,061.369	12,904.397	12,642.576	12,642.306	11,666.194	10,736.166	10,332.164
? Weighted Average Shares Outstanding Diluted	14,292	13,369	13,673	14,061.369	13,851.832	13,217.335	13,582.828	12,607.752	11,645.708	11,333.453
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	63,364	64,913	48,154	90,675	79,550	35,424	213,759	112,433	28,835	33,150
? Short Term Investments	0	0	0	0	0	0	0	0	0	0
? Cash And Short Term Investments	63,364	64,913	48,154	90,675	79,550	35,424	213,759	112,433	28,835	33,150
? Net Receivables	1,251,226	1,098,235	848,226	720,777	1,009,067	1,360,490	1,445,335	1,466,336	1,414,427	1,579,774
? Accounts Receivables										1,268,866
? Inventory	0	1,206,521	1,169,176	0	1,137,032	0	1,981,592	0	0	0
? Total Current Assets	1,193,470	1,052,431	1,036,808	982,551	1,037,397	1,479,257	1,853,827	1,857,718	2,211,349	2,727,437
? Property Plant Equipment Net	28,290	27,233	27,187	28,988	191,674	181,264	178,157	179,372	184,428	172,009
? Goodwill	137,889	137,889	137,889	137,889	137,889	137,889	137,889	137,889	142,162	143,607
? Intangible Assets	59,868	31,700	31,700	32,100	32,100	32,100	32,100	32,100	34,340	35,709
? Long Term Investments	941,892	731,114	927,255	837,874	799,719	610,517	635,439	322,870	111,773	92,602
? Total Non Current Assets	1,499,494	1,184,499	1,401,709	1,257,763	1,427,358	1,234,646	1,189,423	856,674	663,467	655,289
? Total Assets	2,692,964	2,236,930	2,438,517	2,240,314	2,464,755	2,713,903	3,043,250	2,714,392	2,874,816	3,382,726
? Account Payables	108,637	96,557	92,495	87,630	44,725	44,791	76,655	102,202	82,810	65,764
? Short Term Debt	48,011	39,228	42,412	16,348	0	0	0	0	0	0
? Deferred Revenue	0	491,460	0	0	-352,655	-317,219	-388,518	0	0	0
? Total Current Liabilities	841,515	627,245	552,027	582,986	666,092	567,736	724,983	791,970	529,000	445,880
? Long Term Debt	211,812	205,215	943,812	747,007	612,691	663,727	640,793	633,228	295,931	514,268
? Deferred Revenue Non Current	130,658	179,875	180,270	146,815	234,343	249,499	342,125	1,949,599	0	0
? Deferred Tax Liabilities Non Current	16,673	13,137	11,092	14,083	23,749	44,909	44,016	32,241	86,185	41,928
? Total Non Current Liabilities	1,326,367	1,096,351	1,362,579	1,112,006	1,205,941	1,460,499	1,365,237	1,102,001	1,829,333	2,086,451
? Total Liabilities	2,167,882	1,723,596	1,914,606	1,694,992	1,872,033	2,028,235	2,090,220	1,893,971	2,085,577	2,532,331
? Treasury Stock										0
? Preferred Stock	0	410,258	426,930	449,989	496,998	601,406	740,926	764,178	0	0
? Common Stock	57,520	59,361	58,492	53,392	46,557	39,333	36,442	11	10	10
? Retained Earnings	417,001	410,258	426,930	449,989	496,998	601,406	740,926	764,178	756,468	819,961
? Additional Paid In Capital										29,733
? Total Stockholders Equity	518,058	510,703	523,550	545,322	592,722	685,668	823,196	794,233	789,166	850,395
? Total Equity	525,082	513,334	523,911	1,169,309	1,153,092	1,391,901	953,030	820,421	789,239	850,395
? Minority Interest	7,024	2,631	361	623,987	560,370	706,233	129,834	26,188	73	0
? Total Liabilities And Total Equity	2,692,964	2,236,930	2,438,517	2,240,314	2,464,755	2,713,903	3,043,250	2,714,392	2,874,816	3,382,726
? Total Investments	941,892	731,114	927,255	837,874	799,719	610,517	635,439	322,870	111,773	92,602
? Total Debt	957,286	726,635	960,503	731,607	659,208	1,006,165	918,115	794,237	593,566	687,588
? Net Debt	893,922	661,722	912,349	640,932	579,658	970,741	704,356	681,804	564,731	654,438
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	2,898	491	23,000	28,876	52,953	122,986	158,964	32,110	30,179	71,247
? Depreciation And Amortization	7,915	8,074	5,657	6,871	32,821	33,293	34,119	34,409	37,205	37,285
? Deferred Income Tax	4,538	-2,941	-2,045	2,773	9,878	21,336	-792	-14,616	6,457	3,551
? Stock Based Compensation	2,860	6,203	12,573	6,710	11,845.200	16,245.300	31,121.685	15,915.702	17,008.195	45,506
? Change In Working Capital	-50,658	-73,170	-67,870	110,424	-41,285	-260,077	-12,216	-14,185	-125,818	-284,136
? Accounts Receivables	23,716	-5,280	-815	127,332	-75,722	-313,860	-113,511	21,641	35,948	-177,492
? Inventory	-104,239	10,270	-81,755	0	21,892	-2,939	70,388	0	0	0
? Accounts Payables	22,469	-69,996	-6,484	-2,225	-23,774	-25,645	7,669	-139	-323,325	-166,684
? Net Cash Provided By Operating Activities	-20,819	-67,466	-16,136	168,570	79,142	-54,059	227,786	64,492	-18,810	-108,168
? Investments In Property Plant And Equipment	-5,889	-5,731	-5,611	-9,072	-10,024	-4,528	-8,268	-16,311	-17,056	-5,148
? Acquisitions Net	0	45,448	0	0	196,663	0	143,316	76,998	-2,929	-2,350
? Purchases Of Investments	0	-298,086	-219,489	-191,273	-249,943	0	-144,251	-233,033	0	0
? Sales Maturities Of Investments	0	141,050	241,178	9,408	53,280	269,975	935	156,035	0	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	-3,839
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	139,050
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-113,050
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	252,100
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	-9,539
? Net Dividends Paid	-6,008	-5,887	-5,836	-5,833	-5,944	-18,578	-19,444	-7,044	-6,452	-6,845
? Common Dividends Paid										-6,845
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	26,265	29,298	3,244	-117,858	-81,963	13,874	84,581	-253,912	-74,761	116,322
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	-443	1,549	-16,759	42,521	-11,125	-44,126	306,100	-203,557	-109,132	4,315
? Cash At End Of Period	63,364	64,913	48,154	90,675	79,550	35,424	341,524	137,967	28,835	33,150
? Cash At Beginning Of Period	63,807	63,364	64,913	48,154	90,675	79,550	35,424	341,524	137,967	28,835
? Operating Cash Flow	-20,819	-67,466	-16,136	168,570	79,142	-54,059	227,786	64,492	-18,810	-108,168
? Capital Expenditure	-5,889	-5,731	-5,611	-9,072	-10,024	-4,528	-8,268	-16,311	-17,056	-5,148
? Free Cash Flow	-26,708	-73,197	-21,747	159,498	69,118	-58,587	219,518	48,181	-35,866	-113,316
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Estimated Revenue (Low)	914,626	559,783.921	592,175.766	597,753.429	61,100	902,699	850,862	885,146	902,202	914,626
Estimated Revenue (High)	914,626	839,675.885	888,263.654	896,630.149	61,100	902,699	850,862	885,146	902,202	914,626
Estimated Revenue (Avg)	914,626	699,729.903	740,219.711	747,191.790	61,100	902,699	850,862	885,146	902,202	914,626
Estimated Ebitda (Low)	68,379.100	72,697.541	77,611.592	80,933.663	8,165.509	112,590.425	106,124.981	110,401.102	112,528.436	114,078.037
Estimated Ebitda (High)	102,568.652	109,046.313	116,417.391	121,400.497	8,165.509	112,590.425	106,124.981	110,401.102	112,528.436	114,078.037
Estimated Ebitda (Avg)	85,473.876	90,871.928	97,014.492	101,167.080	8,165.509	112,590.425	106,124.981	110,401.102	112,528.436	114,078.037
Estimated Net Income (Low)	31,152.349	32,340.728	33,773.191	34,720.910	37,496.337	4,194.551	-5,553.605	9,665.938	26,202.845	28,997.815
Estimated Net Income (High)	46,728.528	48,511.098	50,659.792	52,081.372	56,244.512	4,194.551	-5,553.605	9,665.938	26,202.845	28,997.815
Estimated Net Income (Avg)	38,940.439	40,425.913	42,216.492	43,401.141	46,870.425	4,194.551	-5,553.605	9,665.938	26,202.845	28,997.815
Estimated SGA Expense (Low)	101,577.655	108,686.436	116,704.281	121,918.065	7,236.127	111,458.048	105,057.630	109,290.744	111,396.682	112,930.698
Estimated SGA Expense (High)	152,366.486	163,029.659	175,056.426	182,877.103	7,236.127	111,458.048	105,057.630	109,290.744	111,396.682	112,930.698
Estimated SGA Expense (Avg)	126,972.071	135,858.048	145,880.354	152,397.584	7,236.127	111,458.048	105,057.630	109,290.744	111,396.682	112,930.698
Estimated EPS (Avg)	2.490	1.370	1.440	1.480	-0.110	0.360	-0.480	0.830	2.250	2.490
Estimated EPS (High)	2.490	1.640	1.730	1.770	-0.110	0.360	-0.480	0.830	2.250	2.490
Estimated EPS (Low)	2.490	1.100	1.150	1.180	-0.110	0.360	-0.480	0.830	2.250	2.490
Number of Analysts (Estimated Revenue)	13	16	14	13	1	1	1	1	1	1
Number of Analysts (Estimated EPS)	14	16	14	13	1	1	1	1	1	1

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Current Key Metrics

?	Revenue (TTM) :	1.429B	?	P/S (TTM) :	0.45
?	Net Income (TTM) :	71.557M	?	P/E (TTM) :	8.65
?	Enterprise Value (TTM) :	1.511B	?	EV/FCF (TTM) :	-4.7
?	Dividend Yield (TTM) :	0.01	?	Payout Ratio (TTM) :	0.07
?	ROE (TTM) :	0.09	?	ROIC (TTM) :	0.06
?	Net Debt (TTM) :	1.346B	?	Debt/Equity (TTM) :	1.02
?	P/B (TTM) :	0.75	?	Current Ratio (TTM) :	4.12

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
25.27	45.93	43.69	42.51	-572.00

SWOT Analysis

No SWOT analysis available for this stock.

OPY

0.45

5.01

0.97

6.02

3.66

39.2

215.38

Trading Metrics:

Open:	62.87	Previous Close:	62.64
Day Low:	62.37	Day High:	64.15
Year Low:	45.6	Year High:	73.12
Price Avg 50:	61.14	Price Avg 200:	59.94
Volume:	179360	Average Volume:	46034