StoneX Group (SNEX) AI Stock Analysis

• Market Cap: $4.58B
• Dividend Yield: N/A
• Average Volume (3M): 359.32K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.82
• 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: 388,288
• 30 Day Avg. Volume: 359,321
• PEG Ratio: -6.68
• Price to Book (P/B): 2.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.00
• Enterprise Value/Market Cap: 3.74
• Enterprise Value/Revenue: 0.04
• Enterprise Value/Gross Profit: 7.11
• Enterprise Value/Ebitda: 2.60
• 1Y Price Target: $102.00
• Price Target Upside: 8.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: $108.00 ▲(15.32%Upside)

StoneX Group's stock score reflects its strong technical momentum and strategic corporate events, offset by financial risks from high leverage and negative cash flows. Earnings growth and acquisitions provide a positive outlook.

Positive Factors

Financial Performance

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

Mergers and Acquisitions

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

Synergies

Management expects $50 million of cost synergies on a run-rate basis, with revenue synergies likely to be multiples of this.

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 Hedging

The acquisition of R.J. O'Brien is expected to add scale and enhance Stonex Group's capabilities in interest rate hedging.

Interest Rates

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. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services. The company's Institutional segment provides equity trading services to institutional clients; and originates, structures, and places debt instruments in capital markets worldwide. Its services cover foreign securities, including unlisted American Depository Receipts, Global Depository Receipts, and foreign ordinary shares. This segment also operates as an institutional dealer in fixed income securities to serve asset managers, commercial bank trust and investment departments, broker-dealers, and insurance companies; engages in asset management business; and offers clearing and execution services in futures exchanges, brokerage foreign exchange services for the financial institutions and professional traders, and OTC products. The company's Retail segment provides trading services and solutions in the global financial markets, including spot foreign exchange, precious metals trading, and contracts for differences; and wealth management and investment services, as well as offers physical gold and other precious metals in various forms and denominations through coininvest.com and silver-to-go.com. Its Global Payments segment provides foreign exchange and treasury services to banks and commercial businesses, charities, and non-governmental and government organizations; and payments services. The company was formerly known as INTL FCStone Inc. and changed its name to StoneX Group Inc. in July 2020. StoneX Group Inc. was founded in 1924 and is headquartered in New York, New York.

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 shows robust revenue growth, but profitability margins are constrained. High leverage and negative cash flows present financial risks, despite a positive return on equity.

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

StoneX Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 93.65
• 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 SNEX, the sentiment is Positive. The current price of 93.65 is above the 20-day moving average (MA) of 91.77, above the 50-day MA of 88.47, and above the 200-day MA of 75.36, indicating a bullish trend. The MACD of 1.62 indicates Positive momentum. The RSI at 58.28 is Neutral, neither overbought nor oversold. The STOCH value of 25.66 is Neutral, 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	80 Outperform	$4.96B	38.50	14.17%	0.79%	13.28%	117.88%
SNEX	72 Outperform	$4.58B	15.87	16.69%	―	67.71%	19.42%
LAZ	71 Outperform	$5.12B	18.96	59.68%	3.68%	9.54%	―
PJT	70 Outperform	$6.39B	32.20	96.33%	0.55%	16.04%	60.32%
PIPR	70 Neutral	$5.56B	27.35	17.59%	1.79%	10.27%	88.77%
MC	68 Neutral	$5.69B	32.27	39.98%	3.69%	45.14%	―
Sector *	64 Neutral	$6.61B	10.24	7.22%	5.15%	24.10%	5.12%

StoneX Group Corporate Events

StoneX Group Issues $625M Notes for Acquisition

On July 8, 2025, StoneX Escrow Issuer LLC, a subsidiary of StoneX Group Inc., issued $625 million in Senior Secured Notes to fund the proposed acquisition of RTS Investor Corp. The notes, maturing in 2032, come with specific conditions and covenants, impacting the company’s financial operations and obligations. The issuance reflects StoneX’s strategic move to expand its market presence through acquisition, with implications for its financial structure and stakeholder interests.

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 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.