StoneX Group (SNEX) AI Stock Analysis

• Market Cap: $4.47B
• Dividend Yield: N/A
• Average Volume (3M): 279.69K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.83
• Revenue Growth: 67.71%
• EPS Growth: 19.42%
• Country: US
• Employees: 4,709
• Sector: Financial
• Sector Strength: 78
• Industry: Financial - Capital Markets
• EPS (TTM): 1.41
• Shares Outstanding: 48,916,600
• 10 Day Avg. Volume: 304,675
• 30 Day Avg. Volume: 279,687
• PEG Ratio: 1.74
• Price to Book (P/B): 2.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.21
• Enterprise Value/Market Cap: 0.18
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: 0.33
• Enterprise Value/Ebitda: 0.12
• 1Y Price Target: $102.00
• Price Target Upside: 11.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 69 Neutral
• Price Target: $97.00 ▲(6.15%Upside)

StoneX Group's solid revenue growth and strategic acquisitions are positive, but high leverage and negative cash flows pose risks. While technical indicators are favorable, the stock's valuation is average, and challenges in key segments require attention.

Positive Factors

Acquisition Benefits

The announced R.J. O’Brien deal has the potential to generate significant stock upside.

Earnings Growth

EPS growth accelerated to 29% as elevated volatility, a key driver of the business, more than offset building interest rate headwinds.

Negative Factors

Financial Leverage

The acquisition's funding with a combination of debt and equity may lead to increased financial leverage for Stonex Group.

Interest Rate Impact

Declining interest rates should be a headwind to ROE over the next few years.

StoneX Group Business Overview & Revenue Model

Company Description

StoneX Group Inc. (SNEX) is a global financial services network that connects clients to the global markets ecosystem through a combination of institutional-grade market access and high-touch advisory services. The company operates in several sectors, including commercial hedging, global payments, securities, physical commodities, and clearing and execution services. StoneX provides a comprehensive suite of products and services aimed at helping its clients to manage their market risks, optimize their financial performance, and access global markets.

How the Company Makes Money

StoneX Group makes money primarily through its comprehensive range of financial services, which include trading, risk management, and market access solutions. The company generates revenue from trading commissions, fees for clearing and execution services, as well as advisory and consulting fees. Key revenue streams stem from its activities in commercial hedging, where it assists clients in managing their exposure to commodity and currency price fluctuations. Additionally, StoneX earns through its global payments service, facilitating cross-border transactions for businesses across various industries. Its revenue model is underpinned by significant partnerships and a strong network of clients spanning institutional investors, commercial entities, and retail traders, which ensures consistent demand for its diverse offerings.

StoneX Group Financial Statement Overview

Summary

StoneX Group exhibits strong revenue growth but suffers from constrained profitability margins and high leverage. The balance sheet shows significant debt, while cash flows indicate current liquidity challenges, marking a need for improved cash flow management and leverage control.

Income Statement

StoneX Group's revenue has shown significant growth, rising from $4.54 billion in 2021 to $123.03 billion in TTM, showcasing robust revenue expansion. The gross profit margin for TTM is approximately 1.96%, with an EBIT margin of 1.39% and a net profit margin of 0.24%. These margins indicate moderate profitability, with room for improvement in cost management and operational efficiency. Revenue growth is a positive indicator, but profit margins are relatively low for the industry.

Balance Sheet

The debt-to-equity ratio has increased significantly in TTM, indicating a high level of leverage, with total debt at $13.97 billion compared to $1.88 billion in equity. The equity ratio is about 6.01%, suggesting a highly leveraged balance sheet. Return on equity (ROE) is approximately 15.69% for TTM, which is a positive sign of profitability relative to shareholder investment. However, the high leverage poses potential risks.

Cash Flow

The operating cash flow for TTM is negative at -$1.06 billion, indicating potential liquidity issues. The free cash flow has declined from $510 million in 2020 to -$1.13 billion in TTM, reflecting challenges in generating positive cash flows. The negative operating and free cash flows highlight concerns regarding cash management efficiency, although historical positive cash flow years provide some reassurance.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	123.03B	99.89B	60.86B	66.04B	42.53B	54.14B
Gross Profit	2.41B	2.89B	1.61B	861.30M	561.80M	451.90M
EBITDA	1.80B	1.60B	1.22B	517.70M	293.70M	340.30M
Net Income	295.40M	260.80M	238.50M	207.10M	116.30M	169.60M
Balance Sheet
Total Assets	31.28B	27.47B	21.94B	19.86B	18.84B	13.47B
Cash, Cash Equivalents and Short-Term Investments	1.31B	1.27B	1.11B	1.11B	1.11B	952.60M
Total Debt	13.97B	11.32B	6.48B	5.35B	146.60M	118.70M
Total Liabilities	29.40B	25.76B	20.56B	18.79B	17.94B	12.71B
Stockholders Equity	1.88B	1.71B	1.38B	1.07B	904.00M	767.50M
Cash Flow
Free Cash Flow	-1.13B	441.70M	-70.60M	-279.00M	2.06B	1.93B
Operating Cash Flow	-1.06B	388.60M	-23.70M	-229.50M	2.12B	1.95B
Investing Cash Flow	-80.30M	-63.70M	-53.00M	-49.50M	-135.00M	-241.60M
Financing Cash Flow	-287.30M	188.00M	-169.30M	65.80M	-35.60M	312.30M

StoneX Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 91.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNEX, the sentiment is Positive. The current price of 91.38 is above the 20-day moving average (MA) of 85.84, above the 50-day MA of 86.59, and above the 200-day MA of 72.63, indicating a bullish trend. The MACD of 1.00 indicates Negative momentum. The RSI at 66.79 is Neutral, neither overbought nor oversold. The STOCH value of 92.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SNEX.

StoneX Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BGC	76 Outperform	$4.93B	38.27	14.17%	0.79%	13.28%	117.88%
PJT	74 Outperform	$5.81B	29.29	96.33%	0.60%	16.04%	60.32%
PIPR	74 Outperform	$5.00B	24.63	17.59%	0.92%	10.27%	88.77%
MC	72 Outperform	$5.08B	28.84	39.98%	4.13%	45.14%	―
LAZ	69 Neutral	$4.51B	16.70	59.68%	4.18%	9.54%	―
SNEX	69 Neutral	$4.47B	15.49	16.69%	―	67.71%	19.42%
Sector *	58 Neutral	$12.55B	5.32	-2.71%	5.27%	5.88%	-56.03%

StoneX Group Corporate Events

StoneX Group Prices $625M Notes for Acquisition

On June 23, 2025, StoneX Group Inc. announced the pricing of a $625 million offering of senior secured notes due 2032, issued by its subsidiary StoneX Escrow Issuer LLC. This offering is linked to StoneX’s proposed acquisition of R.J. O’Brien, with the proceeds intended to finance the merger. The notes will be secured by a lien on the escrowed proceeds until the merger closes, after which they will be guaranteed by StoneX’s subsidiaries. The acquisition, announced on April 13, 2025, is expected to enhance StoneX’s market position and operational capabilities.

The most recent analyst rating on (SNEX) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Announces $625M Senior Notes Offering

On June 23, 2025, StoneX Group Inc. announced the start of an offering through its subsidiary, StoneX Escrow Issuer LLC, to issue $625 million in senior secured notes due 2032. This move is part of StoneX’s proposed acquisition of R.J. O’Brien, with the subsidiary merging into StoneX upon the merger’s completion. The offering is exempt from registration under the Securities Act of 1933, and the company provided updated information to prospective investors. This strategic financial maneuver aims to strengthen StoneX’s market position and expand its operational capabilities, potentially impacting stakeholders through enhanced service offerings and market reach.

The most recent analyst rating on (SNEX) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Amends Credit Facility Agreement

On June 3, 2025, StoneX Group Inc. entered into a Restatement Agreement to amend and restate its existing senior secured credit facility, originally established on February 22, 2019. The agreement, involving several major financial institutions, increases the facility size to $650 million, extends its maturity to June 3, 2028, and enhances flexibility and capacity regarding covenants and default thresholds. This facility will continue to support the working capital needs of StoneX Group and its subsidiaries, potentially strengthening its financial position and operational capabilities.

The most recent analyst rating on (SNEX) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on StoneX Group stock, see the SNEX Stock Forecast page.

StoneX Group Announces $900M Merger with R.J. O’Brien

On April 13, 2025, StoneX Group Inc. announced a merger agreement to acquire R.J. O’Brien, a leading futures brokerage, for approximately $900 million. The acquisition will significantly enhance StoneX’s position in the global derivatives market, adding over 75,000 clients and expanding its client float by nearly $6 billion. The transaction is expected to close in the second half of 2025, subject to regulatory approvals. This strategic move is anticipated to drive revenue synergies, enhance margins, and improve StoneX’s market positioning, benefiting stakeholders through expanded services and increased market access.

StoneX Group Grants Shares to Executive Sean O’Connor

On March 31, 2025, StoneX Group Inc. entered into a letter agreement with Executive Sean M. O’Connor, granting him 300,000 restricted shares of Company Stock and performance shares contingent on the company’s return on equity over a four-year period. The performance shares range from zero to a maximum of 337,500, depending on the company’s average ROE, with vesting conditions and determinations made by the company’s board of directors. The grants are part of the StoneX Group Inc. 2022 Omnibus Incentive Compensation Plan and are set to complete vesting by March 31, 2029.