Oppenheimer Holdings (OPY) AI Stock Analysis

• Market Cap: $743.11M
• Dividend Yield: 1.01%
• Average Volume (3M): 49.14K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.88
• Revenue Growth: 13.84%
• EPS Growth: 42.61%
• Country: US
• Employees: 2,974
• Sector: Financial
• Sector Strength: 72
• Industry: Financial - Capital Markets
• EPS (TTM): 1.91
• Shares Outstanding: 10,420,884
• 10 Day Avg. Volume: 28,438
• 30 Day Avg. Volume: 49,143
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.78
• Enterprise Value/Revenue: 1.39
• Enterprise Value/Gross Profit: 2.83
• Enterprise Value/Ebitda: 8.16
• 1Y Price Target: $77.00
• Price Target Upside: 7.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: $77.00 ▲(7.92% Upside)

Oppenheimer Holdings' overall stock score is driven by strong corporate events and attractive valuation. The company's financial performance is solid, but cash flow management needs improvement. Technical analysis indicates mixed signals, with potential for a rebound given the oversold stochastic indicator.

Oppenheimer Holdings Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Oppenheimer Holdings generates revenue through various key streams, including commissions from trading activities, fees from asset management services, and investment banking fees from advisory services related to mergers and acquisitions, public offerings, and private placements. The company also earns revenue from underwriting securities and providing research to institutional investors. Additionally, Oppenheimer has established strategic partnerships and alliances that enhance its service offerings and client reach, contributing to its overall earnings. Market fluctuations and client transaction volumes significantly impact revenue, particularly in the brokerage and advisory sectors.

Oppenheimer Holdings Financial Statement Overview

Summary

Oppenheimer Holdings demonstrates stable revenue growth and solid gross margins; however, challenges exist with low net margins and declining EBITDA margins. Improved balance sheet leverage is countered by potential financial stress due to negative free cash flow.

Income Statement

The income statement shows a mixed performance. The company experienced a modest revenue growth of 1.02% from 2024 to TTM, and a stronger 14.69% from 2023 to 2024. Gross profit margin improved to 63.7% in the TTM period, indicating better cost management. However, the net profit margin for TTM is relatively low at 5.26%, reflecting challenges in converting revenue to profit. EBITDA margin decreased compared to 2024, signaling potential profitability issues.

Balance Sheet

The balance sheet presents a stable financial position with an equity ratio of 24.42% for the TTM period, which suggests a moderate level of financial leverage. The debt-to-equity ratio improved significantly to 0.20 in the TTM period, reflecting decreased reliance on debt. Return on equity is modest at 8.73% for TTM, indicating average efficiency in generating returns from shareholders' equity.

Cash Flow

The cash flow statement exhibits some areas of concern. The free cash flow is negative, and there is a significant drop from 2024 to TTM. Operating cash flow to net income ratio is negative, suggesting potential cash flow issues despite reported profits. Additionally, the free cash flow to net income ratio is unfavorable, indicating challenges in converting earnings to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.49B	1.43B	1.25B	1.11B	1.39B	1.20B
Gross Profit	729.02M	468.04M	441.50M	344.55M	484.89M	404.69M
EBITDA	252.99M	231.03M	152.57M	103.81M	268.62M	217.97M
Net Income	87.57M	71.56M	30.18M	32.35M	158.96M	122.99M
Balance Sheet
Total Assets	3.69B	3.38B	2.87B	2.71B	3.04B	2.71B
Cash, Cash Equivalents and Short-Term Investments	37.62M	33.15M	28.84M	112.43M	213.76M	35.42M
Total Debt	165.85M	687.59M	945.32M	457.01M	662.91M	741.66M
Total Liabilities	2.79B	2.53B	2.09B	1.89B	2.09B	2.03B
Stockholders Equity	896.86M	850.39M	789.17M	794.23M	823.20M	685.67M
Cash Flow
Free Cash Flow	80.98M	-113.32M	-35.87M	48.18M	219.52M	-58.59M
Operating Cash Flow	86.15M	-108.17M	-18.81M	64.49M	227.79M	-54.06M
Investing Cash Flow	-182.14M	-3.84M	-15.56M	-14.14M	-6.27M	-3.94M
Financing Cash Flow	-41.13M	116.32M	-74.76M	-253.91M	84.58M	13.87M

Oppenheimer Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 71.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPY, the sentiment is Positive. The current price of 71.35 is below the 20-day moving average (MA) of 71.92, above the 50-day MA of 69.58, and above the 200-day MA of 64.06, indicating a neutral trend. The MACD of 0.21 indicates Positive momentum. The RSI at 51.46 is Neutral, neither overbought nor oversold. The STOCH value of 52.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OPY.

Oppenheimer Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	80 Outperform	$5.94B	28.37	45.36%	3.52%	42.85%	1398.33%
PIPR	76 Outperform	$6.00B	28.22	17.91%	1.65%	10.46%	50.47%
SF	74 Outperform	$11.85B	22.26	11.11%	1.51%	8.76%	10.32%
OPY	70 Outperform	$743.11M	9.24	10.25%	1.01%	13.84%	42.61%
Sector *	68 Neutral	$17.84B	12.03	10.32%	3.73%	9.70%	0.76%
JEF	68 Neutral	$13.22B	24.28	5.75%	2.39%	1.00%	46.98%
SNEX	66 Neutral	$5.18B	16.91	16.01%	―	53.19%	23.89%

Oppenheimer Holdings Corporate Events

Oppenheimer Holdings Reports Strong Q2 2025 Financial Performance

On August 4, 2025, Oppenheimer Holdings Inc. released a presentation to investors highlighting their financial performance for the second quarter of 2025. The company reported a significant increase in revenue, primarily driven by higher investment banking activities and advisory fees. Net income more than doubled compared to the previous year, reaching $21.7 million, with total revenue rising to $373.2 million. The effective tax rate decreased, and both compensation and non-compensation expenses saw an increase. The company’s stockholders’ equity, book value, and tangible book value per share reached new highs, reflecting positive earnings. The announcement underscores Oppenheimer’s strong market position and growth in assets under administration and management.