BRIGHTSPHERE INVESTMENT GROU (BSIG) Stock Fundamental Analysis
NYSE:BSIG - New York Stock Exchange, Inc. - US10948W1036 - Common Stock - Currency: USD
Taking everything into account, BSIG scores 6 out of 10 in our fundamental rating. BSIG was compared to 233 industry peers in the Capital Markets industry. BSIG has only an average score on both its financial health and profitability. BSIG is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
BSIG had positive earnings in the past year.
BSIG had a positive operating cash flow in the past year.
BSIG had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BSIG reported negative operating cash flow in multiple years.
1.2 Ratios
BSIG's Return On Assets of 11.76% is amongst the best of the industry. BSIG outperforms 91.28% of its industry peers.
Looking at the Return On Invested Capital, with a value of 20.24%, BSIG belongs to the top of the industry, outperforming 96.79% of the companies in the same industry.
BSIG had an Average Return On Invested Capital over the past 3 years of 25.56%. This is significantly above the industry average of 7.84%.
The 3 year average ROIC (25.56%) for BSIG is well above the current ROIC(20.24%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.76% | ||
| ROE | N/A | ||
| ROIC | 20.24% |
ROA(3y)48.68%
ROA(5y)36.52%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)25.56%
ROIC(5y)19.73%
1.3 Margins
BSIG has a Profit Margin (13.92%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BSIG has remained more or less at the same level.
BSIG's Operating Margin of 22.62% is in line compared to the rest of the industry. BSIG outperforms 43.58% of its industry peers.
In the last couple of years the Operating Margin of BSIG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.62% | ||
| PM (TTM) | 13.92% | ||
| GM | N/A |
OM growth 3Y-5.72%
OM growth 5Y22.44%
PM growth 3Y-35.46%
PM growth 5Y1.03%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BSIG has about the same amout of shares outstanding than it did 1 year ago.
BSIG has less shares outstanding than it did 5 years ago.
The debt/assets ratio for BSIG has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.43 indicates that BSIG is not a great score, but indicates only limited risk for bankruptcy at the moment.
BSIG has a better Altman-Z score (2.43) than 75.23% of its industry peers.
The Debt to FCF ratio of BSIG is 2.61, which is a good value as it means it would take BSIG, 2.61 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.61, BSIG belongs to the top of the industry, outperforming 81.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 2.61 | ||
| Altman-Z | 2.43 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.91 indicates that BSIG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.91, BSIG is in line with its industry, outperforming 42.20% of the companies in the same industry.
A Quick Ratio of 0.91 indicates that BSIG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.91, BSIG is in line with its industry, outperforming 42.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 33.93% over the past year.
The Earnings Per Share has been decreasing by -0.88% on average over the past years.
The Revenue has grown by 12.17% in the past year. This is quite good.
Measured over the past years, BSIG shows a very negative growth in Revenue. The Revenue has been decreasing by -14.40% on average per year.
EPS 1Y (TTM)33.93%
EPS 3Y0.57%
EPS 5Y-0.88%
EPS Q2Q%31.11%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-5.12%
Revenue growth 5Y-14.4%
Sales Q2Q%14.73%
3.2 Future
The Earnings Per Share is expected to grow by 24.12% on average over the next years. This is a very strong growth
BSIG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.55% yearly.
EPS Next Y39.82%
EPS Next 2Y28.98%
EPS Next 3Y24.12%
EPS Next 5YN/A
Revenue Next Year15.04%
Revenue Next 2Y11.72%
Revenue Next 3Y9.55%
Revenue Next 5YN/A
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 11.71, the valuation of BSIG can be described as very reasonable.
Based on the Price/Earnings ratio, BSIG is valued a bit cheaper than the industry average as 62.84% of the companies are valued more expensively.
BSIG is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.89, the valuation of BSIG can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BSIG indicates a somewhat cheap valuation: BSIG is cheaper than 73.85% of the companies listed in the same industry.
BSIG is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.71 | ||
| Fwd PE | 8.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSIG is valued cheaper than 87.61% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSIG indicates a somewhat cheap valuation: BSIG is cheaper than 69.72% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.18 | ||
| EV/EBITDA | 9.64 |
4.3 Compensation for Growth
BSIG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BSIG has a very decent profitability rating, which may justify a higher PE ratio.
BSIG's earnings are expected to grow with 24.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y28.98%
EPS Next 3Y24.12%
5. Dividend
5.1 Amount
BSIG has a yearly dividend return of 0.15%, which is pretty low.
With a Dividend Yield of 0.15, BSIG pays less dividend than the industry average, which is at 8.10. 80.73% of the companies listed in the same industry pay a better dividend than BSIG!
Compared to an average S&P500 Dividend Yield of 2.37, BSIG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.15% |
5.2 History
The dividend of BSIG decreases each year by -34.33%.
BSIG has been paying a dividend for at least 10 years, so it has a reliable track record.
BSIG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-34.33%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
BSIG pays out 2.30% of its income as dividend. This is a sustainable payout ratio.
DP2.3%
EPS Next 2Y28.98%
EPS Next 3Y24.12%
26.34
-0.03 (-0.11%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner Change0%
Ins OwnersN/A
Ins Owner Change0%
Market Cap983.01M
Analysts45
Price Target30.26 (14.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.15% |
Yearly Dividend0.05
Dividend Growth(5Y)-34.33%
DP2.3%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.83%
Min EPS beat(2)6.31%
Max EPS beat(2)21.35%
EPS beat(4)4
Avg EPS beat(4)15.36%
Min EPS beat(4)4.37%
Max EPS beat(4)29.41%
EPS beat(8)7
Avg EPS beat(8)23.42%
EPS beat(12)10
Avg EPS beat(12)20.23%
EPS beat(16)12
Avg EPS beat(16)15.53%
Revenue beat(2)2
Avg Revenue beat(2)5.01%
Min Revenue beat(2)1.87%
Max Revenue beat(2)8.14%
Revenue beat(4)4
Avg Revenue beat(4)4.93%
Min Revenue beat(4)1.87%
Max Revenue beat(4)8.14%
Revenue beat(8)8
Avg Revenue beat(8)10.77%
Revenue beat(12)11
Avg Revenue beat(12)10.85%
Revenue beat(16)13
Avg Revenue beat(16)4.58%
PT rev (1m)2.3%
PT rev (3m)21.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.37%
EPS NY rev (1m)0%
EPS NY rev (3m)11.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.71 | ||
| Fwd PE | 8.89 | ||
| P/S | 2.1 | ||
| P/FCF | 9.18 | ||
| P/OCF | 8.36 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.64 |
EPS(TTM)2.25
EY8.54%
EPS(NY)2.96
Fwd EY11.24%
FCF(TTM)2.87
FCFY10.9%
OCF(TTM)3.15
OCFY11.96%
SpS12.57
BVpS-0.48
TBVpS-1.02
PEG (NY)0.29
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.76% | ||
| ROE | N/A | ||
| ROCE | 29.59% | ||
| ROIC | 20.24% | ||
| ROICexc | 23.73% | ||
| ROICexgc | 28.47% | ||
| OM | 22.62% | ||
| PM (TTM) | 13.92% | ||
| GM | N/A | ||
| FCFM | 22.84% |
ROA(3y)48.68%
ROA(5y)36.52%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)25.56%
ROIC(5y)19.73%
ROICexc(3y)43.33%
ROICexc(5y)31.72%
ROICexgc(3y)55.67%
ROICexgc(5y)43%
ROCE(3y)36.87%
ROCE(5y)28.44%
ROICexcg growth 3Y14.04%
ROICexcg growth 5Y24.77%
ROICexc growth 3Y26.7%
ROICexc growth 5Y35.02%
OM growth 3Y-5.72%
OM growth 5Y22.44%
PM growth 3Y-35.46%
PM growth 5Y1.03%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 2.61 | ||
| Debt/EBITDA | 2.24 | ||
| Cap/Depr | 56.15% | ||
| Cap/Sales | 2.24% | ||
| Interest Coverage | 6.98 | ||
| Cash Conversion | 94.23% | ||
| Profit Quality | 164.01% | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 2.43 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)78.12%
Cap/Depr(5y)95%
Cap/Sales(3y)3.33%
Cap/Sales(5y)4.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.93%
EPS 3Y0.57%
EPS 5Y-0.88%
EPS Q2Q%31.11%
EPS Next Y39.82%
EPS Next 2Y28.98%
EPS Next 3Y24.12%
EPS Next 5YN/A
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-5.12%
Revenue growth 5Y-14.4%
Sales Q2Q%14.73%
Revenue Next Year15.04%
Revenue Next 2Y11.72%
Revenue Next 3Y9.55%
Revenue Next 5YN/A
EBIT growth 1Y-10.31%
EBIT growth 3Y-10.55%
EBIT growth 5Y4.81%
EBIT Next Year52.45%
EBIT Next 3Y21.23%
EBIT Next 5YN/A
FCF growth 1Y435.5%
FCF growth 3Y-4.87%
FCF growth 5Y-20.66%
OCF growth 1Y220.44%
OCF growth 3Y-8.95%
OCF growth 5Y-18.94%