Capital One Financial Corp.

Analyst Listings

The following analysts provide coverage for the subject firm as of May 2016:

Broker Analyst Analyst Email
Guggenheim Securities Tony Butler
Credit Suisse Vamil Divan
Wells Fargo Securities Andrew M. Casey
Oppenheimer Ben Chittenden
Stifel Nicolaus Christopher C. Brendler
Sandler O’Neill & Partners Christopher R. Donat
Drexel Hamilton David Hilder
Evercore ISI David Raso
Longbow Research Eli Lustgarten
BMO Capital Markets James Fotheringham
RBC Capital Markets Jason Arnold
BMO Capital Markets Joel Tiss
Jefferies John Hecht
Evercore ISI John Pancari
Bernstein Research Kevin St. Pierre
William Blair Lawrence T. De Maria
Credit Suisse Moshe Orenbuch
Atlantic Equities Richard Radbourne
Keefe Bruyette & Woods Sanjay Sakhrani
DA Davidson Arren Cyganovich
Oppenheimer Ben Chittenden
Nomura Research Bill Carcache
Drexel Hamilton David Hilder
Deutsche Bank Research David Ho
Guggenheim Securities Eric Wasserstrom
CRT Capital Group Henry J. Coffey Jr.
RBC Capital Markets Jason Arnold
Wells Fargo Securities Matthew H. Burnell
William Blair Robert Napoli

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Primary Input Data

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Derived Input Data

Derived Input Label



Equational Form
Net Income NI  3,992  3,746 NI\, =\, EBIT\,\,-\,Interest\,\, Expense\,\, -\,\, Taxes\,\, Paid
Cash Flow From Equity CFE 1,761 3,516 CFE\,=\,\,NI\,\,-\,\,\Delta\,\,TE\,\,+\,\,OCI
Total Equity TE 47,284 47,514 TE\,=\,Total\,\,Assets\,\,-\,\,Total\,\,Long-Term\,\,Debt
Return on Equity ROE 8.44% 7.88% ROE\,=\,\frac { NI}{TE}
Net Investment NetInv  2,231 230 NetInv\,=\,{ {TE}_{1}}-{{TE}_{0}}
Investment Rate IR 55.89% 6.14% IR\,=\,\frac {NetInv}{NI}
Cost of Equity
COE 2.87%  2.40% COE \,=\,R_{F}\,\,+\,\,(R_{M}\,-\,R_{F})\beta
Enterprise value
EVMarket 33,721 75,471 EV\,=\,Market\,\,Cap\,\,Equity\,-\,Cash
Long-Run Growth
g = IR x ROIC
 4.72% 0.48% Long-run growth rates of the income variable are used in the Continuing Value portion of the valuation models.
g = % \Delta GDP   2.50%  2.50%

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Valuation Multiple Outcomes

The outcomes presented in this study are the result of original input data, derived data, and synthesized inputs.

Equational Form

Observed Value


multiple g solution

Two-stage valuation

model g solution

12/31/2015 12/31/2016 12/31/2015 12/31/2016 12/31/2015 12/31/2016


\frac {Price}{Book\,\,Value} \,= \,\frac{ROE\, -\, g}{ROE\,(COE\,-\,g)}


\frac {Price}{Cash\,\,Earnings} \,= \,\frac{ROE\, -\, g}{ROE\,(COE\,-\,g)}\,(\frac{NI}{CE})


\frac {Price}{Book\,\, Value} \,= \,\frac{ROE\, -\, g}{ROIC\,(COE\,-\,g)}\,\,x\,\,ROE\,\,=\,\,\frac{ROE\,\,-\,\,g}{COE\,\,-\,\,g}

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