Leucadia National Corp Stock Research

Market Summary

USD30.29-0.31

Market Closed

-1.01%

JEF Stock Price

JEF RSI Chart

JEF Valuation

Market Cap

6.8B

Price/Earnings (Trailing)

8.76

Price/Sales (Trailing)

0.96

EV/EBITDA

2.47

Price/Free Cashflow

4.33

JEF Price/Sales (Trailing)

JEF Profitability

EBT Margin

14.76%

Return on Equity

7.64%

Return on Assets

1.53%

Free Cashflow Yield

23.08%

JEF Fundamentals

JEF Revenue

Revenue (TTM)

7.1B

Revenue Y/Y

-9.49%

Revenue Q/Q

-4.66%

JEF Earnings

Earnings (TTM)

781.7M

Earnings Y/Y

-57.75%

Earnings Q/Q

-28.07%

Price Action

52 Week Range

25.2140.80

(Low)(High)

Last 7 days

-2.9%

Last 30 days

-20.0%

Last 90 days

-13.3%

Trailing 12 Months

-0.7%

JEF Financial Health

Debt/Equity

0.86

Debt/Cashflow

0.21

JEF Investor Care

Dividend Yield

3.83%

Dividend/Share (TTM)

1.16

Buy Backs (1Y)

7.15%

Diluted EPS (TTM)

3.06

Peers (Alternatives to Leucadia National)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AXP	121.4B	43.0B	-5.81%	-11.24%	16.16	2.83	24.07%	-6.77%
SPGI	107.4B	11.2B	-4.62%	-17.16%	33.07	9.61	34.76%	7.41%
GS	106.0B	39.7B	-12.36%	-3.78%	9.41	2.67	-24.93%	-47.95%
SCHW	102.5B	20.8B	-32.04%	-38.95%	14.26	4.94	12.11%	22.68%
MID-CAP
EQH	8.8B	14.0B	-23.11%	-21.38%	4.93	0.63	27.01%	506.61%
JEF	6.8B	7.1B	-19.97%	-0.73%	8.76	0.96	-20.08%	-53.40%
VOYA	6.5B	5.9B	-9.59%	2.92%	12.79	1.1	40.00%	-76.01%
NRZ	4.3B	4.7B	14.03%	22.72%	4.38	0.91	30.51%	22.06%
FRHC	4.2B	588.6M	-7.03%	16.63%	81.27	7.11	-20.95%	-86.03%
SMALL-CAP
CNNE	1.5B	662.1M	-14.22%	-20.31%	-3.42	2.21	-10.79%	-49.16%
CODI	1.3B	2.2B	-14.56%	-18.07%	34.8	0.57	17.50%	-68.24%
AMRK	743.5M	8.0B	0.83%	-16.80%	4.85	0.09	-1.70%	-17.31%
ALRS	328.9M	111.2M	-16.67%	-40.76%	8.22	2.96	-24.54%	-24.06%

Financials for Leucadia National

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-2.5%	7,149	7,333	7,636	8,185	8,945
S&GA Expenses	9.5%	1,399	1,278	1,292	1,278	-
EBITDA	1.8%	2,399	2,357	1,759	-	-
EBITDA Margin	4.4%	0.34*	0.32*	0.23*	-	-
Earnings Before Taxes	-17.9%	1,056	1,286	1,538	1,846	2,254
EBT Margin	-15.8%	0.15*	0.18*	0.20*	-	-
Interest Expenses	30.0%	1,170	900	910	920	932
Net Income	-19.8%	782	974	1,186	1,423	1,677
Net Income Margin	-17.7%	0.11*	0.13*	0.15*	-	-
Free Cahsflow	-38.4%	1,581	2,564	1,854	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-7.6%	51,058	55,230	57,214	60,036	56,107
Cash Equivalents	2.4%	9,703	9,478	8,523	8,501	10,755
Goodwill	-0.5%	1,736	1,745	-	-	-
Liabilities	-9.2%	40,631	44,731	46,702	49,349	45,377
. Short Term Borrowings	138.2%	528	222	-	-	-
Long Term Debt	1.6%	8,770	8,635	8,882	8,896	9,130
Shareholder's Equity	-0.6%	10,233	10,293	10,368	10,549	10,554
Retained Earnings	0.8%	8,418	8,351	8,228	8,190	7,940
Additional Paid-In Capital	-4.6%	1,968	2,063	2,156	2,391	2,742
Shares Outstanding	-5.5%	226	239	243	251	244
Minority Interest	-7.7%	63.00	68.00	68.00	59.00	26.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-38.7%	1,805	2,943	2,573	1,863	1,582
Share Based Compensation	10.1%	44.00	40.00	37.00	34.00	78.00
Cashflow From Investing	76.7%	-60.54	-259	-514	-482	-409
Cashflow From Financing	-28.6%	-2,843	-2,211	-1,837	-1,158	994
Dividend Payments	2.5%	280	273	266	245	223
Buy Backs	4.1%	860	826	762	477	269

Risks for JEF

What is the probability of a big loss on JEF?

72.7%

Probability that Leucadia National stock will be more than 20% underwater in next one year

43.9%

Probability that Leucadia National stock will be more than 30% underwater in next one year.

18.5%

Probability that Leucadia National stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does JEF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Leucadia National was unfortunately bought at previous high price.

Drawdowns

Returns for JEF

Cumulative Returns on JEF

3.9%

10-Year Cumulative Returns

13.3%

7-Year Cumulative Returns

11.4%

5-Year Cumulative Returns

39.7%

3-Year Cumulative Returns

What are the long-term rolling returns for JEF?

FIve years rolling returns for Leucadia National.

Annualized Returns

Which funds bought or sold JEF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	6.52	75,547	396,547	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	0.03	3,739,930	26,765,900	0.03%
2023-03-06	Rockefeller Capital Management L.P.	added	0.32	1,000	10,000	-%
2023-03-03	ROBOTTI ROBERT	reduced	-0.47	2,008,890	14,832,900	2.96%
2023-02-28	Voya Investment Management LLC	reduced	-21.4	-536,193	5,652,810	0.01%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	147,000	1,050,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-36.88	-210,851	581,149	0.01%
2023-02-21	MACQUARIE GROUP LTD	added	21.49	679,000	2,653,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	28.56	67,315	204,315	-%
2023-02-17	Compass Wealth Management LLC	new	-	103,697	103,697	0.03%

Latest Funds Activity

Are funds buying JEF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own JEF

No. of Funds

Leucadia National News

Schedule 13G FIlings of Leucadia National

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.68%	19,877,075	SC 13G/A
Feb 07, 2023	blackrock inc.	8.0%	18,378,452	SC 13G/A
Feb 11, 2022	first pacific advisors, lp	2.3%	5,754,535	SC 13G/A
Feb 10, 2022	vanguard group inc	9.00%	22,104,360	SC 13G/A
Feb 01, 2022	blackrock inc.	7.4%	18,249,052	SC 13G/A
Mar 11, 2021	steinberg joseph s	8.9%	22,243,642	SC 13D/A
Feb 16, 2021	first pacific advisors, lp	5.5%	14,101,744	SC 13G/A
Feb 10, 2021	vanguard group inc	8.14%	20,692,516	SC 13G/A
Jan 29, 2021	blackrock inc.	6.8%	17,489,751	SC 13G/A
Feb 14, 2020	first pacific advisors, lp	6.8%	20,404,904	SC 13G/A

JEF Fair Value

Recent SEC filings of Leucadia National

View All Filings

Date Filed	Form Type	Document
Mar 21, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 14, 2023	424B2	Prospectus Filed
Mar 14, 2023	424B2	Prospectus Filed
Mar 09, 2023	4	Insider Trading
Mar 03, 2023	424B2	Prospectus Filed
Mar 03, 2023	424B2	Prospectus Filed
Mar 03, 2023	424B2	Prospectus Filed
Mar 03, 2023	424B2	Prospectus Filed
Mar 03, 2023	4/A	Insider Trading

Latest Insider Trading transactions for JEF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-17	FRIEDMAN BRIAN P	gifted	-	-	-327,268	president
2023-03-16	HANDLER RICHARD B	gifted	-	-	361,456	ceo
2023-03-16	HANDLER RICHARD B	gifted	-	-	547,570	ceo
2023-03-16	HANDLER RICHARD B	gifted	-	-	-365,957	ceo
2023-03-16	HANDLER RICHARD B	gifted	-	-	-547,570	ceo
2023-03-16	HANDLER RICHARD B	gifted	-	-	4,501	ceo
2023-03-07	HANDLER RICHARD B	gifted	-	-	-60,362	-
2023-03-07	HANDLER RICHARD B	gifted	-	-	1,654	-
2023-03-07	HANDLER RICHARD B	gifted	-	-	58,708	-
2023-02-28	HANDLER RICHARD B	gifted	-	-	668,725	-

About Leucadia National

Richard B. Handler

www.leucadia.com

5560

Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending. In addition, the company offers financing, securities lending, and other prime brokerage services; equities research and finance; and wealth management services. Further, it provides clients with sales and trading of investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization; and manages, invests in, and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1962 and is headquartered in New York, New York.

JEF Income Statement

2022-11-30

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands

12 Months Ended

Nov. 30, 2022

Nov. 30, 2021

^[1]

Nov. 30, 2020

^[1]

Revenues

Revenues

$ 7,149,263

$ 8,945,464

$ 6,880,447

Interest expense

1,170,425

931,638

1,029,926

Net revenues

5,978,838

8,013,826

5,850,521

Non-interest expenses

Compensation and benefits

2,589,044

3,554,760

2,944,071

Floor brokerage and clearing fees

347,805

301,860

266,592

Underwriting costs

42,067

117,572

95,636

Technology and communications

444,011

388,134

335,065

Occupancy and equipment rental

108,001

106,254

95,754

Business development

150,500

109,772

70,797

Professional services

240,978

215,761

176,280

Depreciation and amortization

172,902

157,420

158,439

Cost of sales

440,837

470,870

338,588

Other expenses

387,131

337,318

302,216

Total non-interest expenses

4,923,276

5,759,721

4,783,438

Earnings before income taxes

1,055,562

2,254,105

1,067,083

Income tax expense

273,852

576,729

298,673

Net earnings

781,710

1,677,376

768,410

Net earnings (loss) attributable to noncontrolling interests

(2,397)

3,850

(5,271)

Net loss attributable to redeemable noncontrolling interests

(1,342)

(826)

(1,558)

Preferred stock dividends

8,281

6,949

5,634

Net earnings attributable to Jefferies Financial Group Inc.

$ 777,168

$ 1,667,403

$ 769,605

Basic earnings per common share (in USD per share)

$ 3.13

$ 6.29

$ 2.68

Diluted earnings per common share (in USD per share)

$ 3.06

$ 6.13

$ 2.65

Investment banking

Revenues

Revenues

$ 2,807,822

$ 4,365,699

$ 2,501,494

Principal transactions

Revenues

Revenues

833,757

1,617,336

1,928,143

Commissions and other fees

Revenues

Revenues

925,494

896,015

822,248

Asset management fees

Revenues

Revenues

80,264

72,084

34,209

Interest

Revenues

Revenues

1,183,638

956,318

1,009,548

Other contracts with customers

Revenues

Revenues

$ 1,318,288

$ 1,038,012

$ 584,805

[1]	See Note 1 for a description of financial statement presentation changes made as a result of our Merger with Jefferies Group.