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Tuesday, January 16, 2018

PNC Financial Services Group Valuation – November 2015 Update $PNC



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Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Most Undervalued Companies for the Defensive Investor – November 2015.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how PNC Financial Services Group (PNC) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.


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Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Here is a free sample valuation pdf, and here is a post detailing what can be found within each individual company’s valuation.


Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Long-Term Debt $33,712,000,000
Total Assets $362,125,000,000
Intangible Assets $10,977,000,000
Total Liabilities $317,177,000,000
Shares Outstanding (Diluted Average) 520,000,000

Earnings Per Share History

Next Fiscal Year Estimate $7.25
Dec14 $7.30
Dec13 $7.36
Dec12 $5.30
Dec11 $5.64
Dec10 $5.74
Dec09 $4.36
Dec08 $2.44
Dec07 $4.35
Dec06 $8.73
Dec05 $4.55
Dec04 $4.21
Dec03 $3.55
Dec02 $4.15
Dec01 $1.26
Dec00 $4.31
Dec99 $4.15
Dec98 $3.60
Dec97 $3.28
Dec96 $2.88
Dec95 $1.19

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $6.92
Dec14 $6.59
Dec13 $6.05
Dec12 $5.16
Dec11 $4.90
Dec10 $4.73
Dec09 $4.44
Dec08 $4.61
Dec07 $5.49
Dec06 $5.72
Dec05 $3.99
Dec04 $3.64
Dec03 $3.39
Dec02 $3.37
Dec01 $3.10
Dec00 $3.89
Dec99 $3.46

Recommended Reading:

Other ModernGraham posts about the company

The Best Companies of the Banking Industry – October 2015
The 20 Best Stocks For Value Investors This Week – 8/15/15
PNC Financial Services Group Inc. Analysis – August 2015 Update $PNC
47 Companies in the Spotlight This Week – 5/16/15
PNC Financial Services Group Inc. Quarterly Valuation – May 2015 $PNC

Other ModernGraham posts about related companies

SunTrust Banks Inc. Valuation – November 2015 Update $STI
U.S. Bancorp Valuation – November 2015 Update $USB
Starwood Property Trust Inc. Valuation – October 2015 Update $STWD
The Best Companies of the Banking Industry – October 2015
Comerica Inc. Valuation – October 2015 Update $CMA
Bank of New York Mellon Corporation Analysis – October 2015 Update $BK
Fifth Third Bancorp Analysis – October 2015 Update $FITB
Huntington Bancshares Inc. Analysis – October 2015 Update $HBAN
JPMorgan Chase & Co. Analysis – September 2015 Update $JPM
Citigroup Inc. Analysis – September 2015 Update $C

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

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One Response “PNC Financial Services Group Valuation – November 2015 Update $PNC”

  1. David Cobo
    March 21, 2016 at 8:27 am

    I tried to link to Morningstar, but error notice appeared, page could not be found. This is a minor inconvenience. I appreciate your work. It has assisted me greatly in my investment life.

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