Alliancebernstein Holding L.p.

Finance
Investment Managers
www.alliancebernstein.com

Earnings Score

Market Cap $4.08B
PE 10
Debt $NaN
Cash $0.00
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$397.14M
ROE	19%
Equity	$2.10B
Growth Stability	84%
PE	10.28
PEG	4.13
PB	1.95
Price/Cash	0
Earnings CAGR	7%
Equity CAGR	3%
Earnings Stability	0.6
Earnings Growth YoY	123%
Earnings Growth QoQ	12%

Earnings CAGR 5Y	2%
Equity CAGR 5Y	9%
Equity CAGR 3Y	13%
Market Cap	$4.08B
Assets	$2.10B
Cash	$0.00
Shares Outstanding	113.44M
Earnings Score	68%
Shares Growth 3y	7%
Equity Growth QoQ	1%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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AllianceBernstein provides investment management services to institutional (45% of assets under management), retail (39%), and private (16%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of June 2022, AB had $647.0 billion in managed assets, composed primarily of fixed-income (41% of AUM) and equity (43%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary.

SEC Filings

Direct access to Alliancebernstein Holding L.p. (AB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Alliancebernstein Holding L.p. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Alliancebernstein Holding L.p. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 60%

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Alliancebernstein Holding L.p. Discounted Cash Flow

Fully customizable DCF calculator online for Alliancebernstein Holding L.p..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-	-	-	-	-	-	-
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	12%	14%	13%	16%	15%	17%	24%	13%	13%	19%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	91%	84%	84%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (84%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-	-	-	-	-
Earnings YoY growth	-	4%	15%	-4%	17%	-2%	17%	38%	-29%	-4%	2%
Equity YoY growth	-	-2%	-3%	0%	-3%	4%	3%	1%	28%	0%	9%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-