ALLIANCEBERNSTEIN HOLDING LP (AB)
US01881G1067
Taking everything into account, AB scores 5 out of 10 in our fundamental rating. AB was compared to 218 industry peers in the Capital Markets industry. AB has only an average score on both its financial health and profitability. AB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AB was profitable.
AB had a positive operating cash flow in the past year.
AB had positive earnings in each of the past 5 years.
In the past 5 years AB always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 18.92%, AB belongs to the top of the industry, outperforming 97.67% of the companies in the same industry.
Looking at the Return On Equity, with a value of 18.93%, AB belongs to the top of the industry, outperforming 84.65% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
AB has a better Profit Margin (91.53%) than 96.74% of its industry peers.
In the last couple of years the Profit Margin of AB has remained more or less at the same level.
Looking at the Operating Margin, with a value of 100.00%, AB belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
AB's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
Compared to 1 year ago, AB has more shares outstanding
The number of shares outstanding for AB has been increased compared to 5 years ago.
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.74% over the past year.
The Earnings Per Share has been growing slightly by 0.07% on average over the past years.
Looking at the last year, AB shows a very strong growth in Revenue. The Revenue has grown by 53.21%.
Measured over the past years, AB shows a small growth in Revenue. The Revenue has been growing by 2.07% on average per year.
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
The Earnings Per Share is expected to grow by 8.52% on average over the next years. This is quite good.
AB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.25% yearly.
EPS Next Y17.33%
EPS Next 2Y17.74%
EPS Next 3Y15.92%
EPS Next 5Y8.52%
Revenue Next Year-1.77%
Revenue Next 2Y2.53%
Revenue Next 3Y4.26%
Revenue Next 5Y3.25%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.32, AB is valued correctly.
AB's Price/Earnings ratio is a bit cheaper when compared to the industry. AB is cheaper than 62.79% of the companies in the same industry.
When comparing the Price/Earnings ratio of AB to the average of the S&P500 Index (28.96), we can say AB is valued rather cheaply.
AB is valuated reasonably with a Price/Forward Earnings ratio of 9.85.
Based on the Price/Forward Earnings ratio, AB is valued a bit cheaper than the industry average as 69.30% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, AB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.32 | ||
| Fwd PE | 9.85 |
4.2 Price Multiples
65.58% of the companies in the same industry are more expensive than AB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.79 | ||
| EV/EBITDA | N/A |
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.
The decent profitability rating of AB may justify a higher PE ratio.
A more expensive valuation may be justified as AB's earnings are expected to grow with 15.92% in the coming years.
PEG (NY)0.71
PEG (5Y)165.36
EPS Next 2Y17.74%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
AB has a Yearly Dividend Yield of 8.05%, which is a nice return.
Compared to an average industry Dividend Yield of 9.01, AB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.23, AB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.05% |
5.2 History
The dividend of AB decreases each year by -2.24%.
AB has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-2.24%
Div Incr Years0
Div Non Decr Years0
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 2Y17.74%
EPS Next 3Y15.92%
ALLIANCEBERNSTEIN HOLDING LP
NYSE:AB (11/21/2024, 8:10:15 PM)
After market: 36.2672 -0.45 (-1.23%)36.72
-0.45 (-1.21%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.17B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.05% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.32 | ||
| Fwd PE | 9.85 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.71
PEG (5Y)165.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.92% | ||
| ROE | 18.93% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 100% | ||
| PM (TTM) | 91.53% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)13.74%
EPS 3Y-2.59%
EPS 5Y
EPS Q2Q%
EPS Next Y17.33%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)53.21%
Revenue growth 3Y-0.94%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y