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Siebert Financial

SIEB
42
Financial - Capital Markets · Financial Services
Price
$1.68
+0.03 (+1.82%)
Market Cap
$68.8M
Exchange
NASDAQ
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+28.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 31.3M (2021) → 40.4M (2025)

Siebert Financial Corp. is a small U.S. brokerage and financial services firm that helps everyday investors buy and sell stocks, bonds, and other investments. It offers retail brokerage accounts, investment advisory services, and insurance products, mainly serving individual retail customers. The company has historical roots as one of the first discount brokerages in the United States, founded by Muriel Siebert, the first woman to own a seat on the New York Stock Exchange.

Siebert makes money through commissions, advisory fees, and margin lending interest, though it has also expanded into insurance and related financial services in recent years. It operates almost entirely within the United States and is a very small player competing against much larger firms like Charles Schwab, Fidelity, and Robinhood. The company currently operates at a loss, and its biggest challenge is growing its customer base and revenue fast enough to cover costs in a highly competitive retail brokerage market where larger rivals have significant scale advantages.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-125.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

62.7%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$22M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Siebert Financial is a rare growth stock that's already generating positive cash flow while growing at 14%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
20.4%
Thin — 20.4% gross margin
Operating Margin
-5.2%
Losing money on operations — -5.2%
ROCE
-1.1%
Weak — -1.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+11.1%
Steady sales growth (11.1% YoY)
EPS YoY
-61.1%
Earnings shrinking (-61.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
290%
Turns 290% of profit into real cash
FCF Margin
15.4%
Converts sales into free cash efficiently (15.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity
0.10
Conservative — low debt load (0.10)
Interest Cover
12.66x
Comfortably covers interest (12.7x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
13.0x
Attractive valuation — P/E 13.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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