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ALLIANCEBERNSTEIN HOLDING LP (AB) Stock Fundamental Analysis

NYSE:AB - New York Stock Exchange, Inc. - US01881G1067

39.79  +1.49 (+3.89%)

After market: 39.08 -0.71 (-1.78%)

Fundamental Rating

5

Overall AB gets a fundamental rating of 5 out of 10. We evaluated AB against 224 industry peers in the Capital Markets industry. AB has only an average score on both its financial health and profitability. AB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

AB had positive earnings in the past year.
In the past year AB had a positive cash flow from operations.
In the past 5 years AB has always been profitable.
In the past 5 years AB always reported a positive cash flow from operatings.
AB Yearly Net Income VS EBIT VS OCF VS FCFAB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

1.2 Ratios

Looking at the Return On Assets, with a value of 18.92%, AB belongs to the top of the industry, outperforming 98.63% of the companies in the same industry.
AB has a better Return On Equity (18.93%) than 85.84% of its industry peers.
Industry RankSector Rank
ROA 18.92%
ROE 18.93%
ROIC N/A
ROA(3y)16.56%
ROA(5y)16.49%
ROE(3y)16.58%
ROE(5y)16.51%
ROIC(3y)N/A
ROIC(5y)N/A
AB Yearly ROA, ROE, ROICAB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

AB's Profit Margin of 91.53% is amongst the best of the industry. AB outperforms 97.72% of its industry peers.
AB's Profit Margin has been stable in the last couple of years.
AB has a better Operating Margin (100.00%) than 100.00% of its industry peers.
AB's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 100%
PM (TTM) 91.53%
GM N/A
OM growth 3Y0%
OM growth 5Y0%
PM growth 3Y-0.92%
PM growth 5Y-0.33%
GM growth 3YN/A
GM growth 5YN/A
AB Yearly Profit, Operating, Gross MarginsAB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

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4

2. Health

2.1 Basic Checks

Compared to 1 year ago, AB has more shares outstanding
Compared to 5 years ago, AB has more shares outstanding
AB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
AB Yearly Shares OutstandingAB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
AB Yearly Total Debt VS Total AssetsAB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

There is no outstanding debt for AB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
AB Yearly LT Debt VS Equity VS FCFAB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 13.74% over the past year.
AB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.07% yearly.
Looking at the last year, AB shows a very strong growth in Revenue. The Revenue has grown by 53.21%.
AB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.07% yearly.
EPS 1Y (TTM)13.74%
EPS 3Y-2.59%
EPS 5Y0.07%
EPS Q2Q%18.46%
Revenue 1Y (TTM)53.21%
Revenue growth 3Y-0.94%
Revenue growth 5Y2.07%
Sales Q2Q%-0.08%

3.2 Future

Based on estimates for the next years, AB will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.13% on average per year.
Based on estimates for the next years, AB will show a small growth in Revenue. The Revenue will grow by 3.25% on average per year.
EPS Next Y17.3%
EPS Next 2Y17.14%
EPS Next 3Y15.37%
EPS Next 5Y8.13%
Revenue Next Year3.82%
Revenue Next 2Y5.37%
Revenue Next 3Y5.84%
Revenue Next 5Y3.25%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AB Yearly Revenue VS EstimatesAB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B
AB Yearly EPS VS EstimatesAB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.35, AB is valued correctly.
AB's Price/Earnings is on the same level as the industry average.
AB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
Based on the Price/Forward Earnings ratio of 10.78, the valuation of AB can be described as reasonable.
64.38% of the companies in the same industry are more expensive than AB, based on the Price/Forward Earnings ratio.
AB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.44.
Industry RankSector Rank
PE 13.35
Fwd PE 10.78
AB Price Earnings VS Forward Price EarningsAB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, AB is valued a bit cheaper than the industry average as 61.19% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.85
EV/EBITDA N/A
AB Per share dataAB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AB has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AB's earnings are expected to grow with 15.37% in the coming years.
PEG (NY)0.77
PEG (5Y)179.19
EPS Next 2Y17.14%
EPS Next 3Y15.37%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.10%, AB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 9.45, AB pays a bit more dividend than its industry peers.
AB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 8.1%

5.2 History

The dividend of AB decreases each year by -2.24%.
AB has been paying a dividend for at least 10 years, so it has a reliable track record.
AB has decreased its dividend recently.
Dividend Growth(5Y)-2.24%
Div Incr Years1
Div Non Decr Years1
AB Yearly Dividends per shareAB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

5.3 Sustainability

82.18% of the earnings are spent on dividend by AB. This is not a sustainable payout ratio.
DP82.18%
EPS Next 2Y17.14%
EPS Next 3Y15.37%
AB Yearly Income VS Free CF VS DividendAB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M
AB Dividend Payout.AB Dividend Payout, showing the Payout Ratio.AB Dividend Payout.PayoutRetained Earnings

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ALLIANCEBERNSTEIN HOLDING LP

NYSE:AB (1/21/2025, 8:04:00 PM)

After market: 39.08 -0.71 (-1.78%)

39.79

+1.49 (+3.89%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)10-24 2024-10-24/bmo
Earnings (Next)02-06 2025-02-06/amc
Inst Owners20.16%
Inst Owner Change-0.56%
Ins Owners1.33%
Ins Owner Change-254.98%
Market Cap4.51B
Analysts81.33
Price Target42.5 (6.81%)
Short Float %0.89%
Short Ratio2.64
Dividend
Industry RankSector Rank
Dividend Yield 8.1%
Yearly Dividend2.6
Dividend Growth(5Y)-2.24%
DP82.18%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.52%
Min EPS beat(2)3.45%
Max EPS beat(2)3.59%
EPS beat(4)3
Avg EPS beat(4)6.15%
Min EPS beat(4)-0.74%
Max EPS beat(4)18.29%
EPS beat(8)6
Avg EPS beat(8)4.91%
EPS beat(12)9
Avg EPS beat(12)5.97%
EPS beat(16)13
Avg EPS beat(16)6.29%
Revenue beat(2)0
Avg Revenue beat(2)-1.36%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)-0.35%
Revenue beat(4)0
Avg Revenue beat(4)-2.27%
Min Revenue beat(4)-4.91%
Max Revenue beat(4)-0.35%
Revenue beat(8)0
Avg Revenue beat(8)-24.86%
Revenue beat(12)0
Avg Revenue beat(12)-46.56%
Revenue beat(16)0
Avg Revenue beat(16)-57.09%
PT rev (1m)-2.72%
PT rev (3m)3.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.47%
EPS NY rev (1m)0%
EPS NY rev (3m)1.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.15%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)0.46%
Valuation
Industry RankSector Rank
PE 13.35
Fwd PE 10.78
P/S 10.4
P/FCF 13.85
P/OCF 13.85
P/B 2.15
P/tB 2.15
EV/EBITDA N/A
EPS(TTM)2.98
EY7.49%
EPS(NY)3.69
Fwd EY9.28%
FCF(TTM)2.87
FCFY7.22%
OCF(TTM)2.87
OCFY7.22%
SpS3.82
BVpS18.5
TBVpS18.5
PEG (NY)0.77
PEG (5Y)179.19
Profitability
Industry RankSector Rank
ROA 18.92%
ROE 18.93%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 100%
PM (TTM) 91.53%
GM N/A
FCFM 75.09%
ROA(3y)16.56%
ROA(5y)16.49%
ROE(3y)16.58%
ROE(5y)16.51%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y0%
OM growth 5Y0%
PM growth 3Y-0.92%
PM growth 5Y-0.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion N/A
Profit Quality 82.04%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)111.85%
Profit Quality(5y)105.11%
High Growth Momentum
Growth
EPS 1Y (TTM)13.74%
EPS 3Y-2.59%
EPS 5Y0.07%
EPS Q2Q%18.46%
EPS Next Y17.3%
EPS Next 2Y17.14%
EPS Next 3Y15.37%
EPS Next 5Y8.13%
Revenue 1Y (TTM)53.21%
Revenue growth 3Y-0.94%
Revenue growth 5Y2.07%
Sales Q2Q%-0.08%
Revenue Next Year3.82%
Revenue Next 2Y5.37%
Revenue Next 3Y5.84%
Revenue Next 5Y3.25%
EBIT growth 1Y53.21%
EBIT growth 3Y-0.94%
EBIT growth 5Y2.07%
EBIT Next Year19.51%
EBIT Next 3Y11.2%
EBIT Next 5Y6%
FCF growth 1Y-13.31%
FCF growth 3Y2.88%
FCF growth 5Y1.03%
OCF growth 1Y-13.31%
OCF growth 3Y2.88%
OCF growth 5Y1.03%