Bgc Group, Inc.

Finance
Investment Bankers/Brokers/Service
www.bgcg.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.45B
PE 37
Debt $1.34B
Cash $711.58M
EV $5.07B
FCF $285.73M

Earnings

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Sales & Net Margins

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Earnings	$121.22M
EBIT	$173.14M
ROE	11%
ROA	5%
FCF	$285.73M
Equity	$1.08B
Growth Stability	46%
PE	36.67
PEG	2
PB	4.12
P/FCF	15.56
P/S	1.96
Price/Cash	0.16
Debt/Equity	1.24
Debt/FCF	4.68
Net Margins	5%
Op. Margins	8%
Earnings CAGR	-10%
Sales Growth YoY	11%
Sales Growth QoQ	2%
Sales CAGR	-4%
FCF CAGR	-9%
Equity CAGR	-4%
Earnings Stability	0.11
Earnings Growth YoY	29%
Earnings Growth QoQ	70%

Earnings CAGR 5Y	18%
Sales CAGR 5Y	0%
FCF CAGR 5Y	1%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	8%
Equity CAGR 3Y	18%
Market Cap	$4.45B
Revenue	$2.26B
Dividend Yield	1%
Payout Ratio	28%
Assets	$3.59B
Total Debt	$1.34B
Cash	$711.58M
Shares Outstanding	473.39M
EV	5.07B
Earnings Score	5%
Moat Score	77%
Safety Score	58%
Final Score	47%
Shares Growth 3y	12%
Equity Growth QoQ	3%
Equity Growth YoY	20%

Assets & ROA

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Stockholders Equity & ROE

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BGC Partners is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.

SEC Filings

Direct access to Bgc Group, Inc. (BGC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 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 Bgc Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Bgc Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -10%

Stability 11%

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Bgc Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Bgc Group, Inc..

Years

Calculation mode

= $1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$286M	$261M	$239M	$218M	$200M	$183M	$167M	$153M	$140M	$128M	$117M	$1.2B
DCF		$238M	$197M	$164M	$136M	$113M	$94M	$78M	$65M	$54M	$45M	$450M
Value	$1.6B

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	4%	2%	10%	3%	2%	6%	3%	2%	5%	5%
ROA	-	5%	4%	5%	4%	2%	5%	3%	2%	5%	5%
ROE	-	9%	5%	22%	7%	6%	19%	7%	4%	11%	11%

Bad Net Margins (5.36%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-12.6	1.36	-8.53	5.98	4.89	2.64	5	3.03	4.68	4.68
Debt over Equity	0.68	0.84	1.47	0.91	1.56	1.65	1.62	1.46	1.32	1.24	1.24
Growth Stability	-	-	-	100%	48%	49%	100%	64%	46%	100%	46%

Bad Debt/FCF ratio (4.68)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.24)

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

Bad Graham’s Stability (46%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	1%	28%	-42%	9%	-2%	-2%	-11%	13%	12%	0%
Earnings YoY growth	-	-19%	-50%	277%	-71%	-12%	154%	-61%	-30%	256%	18%
Equity YoY growth	-	-7%	-1%	-24%	-14%	9%	-18%	11%	22%	20%	7%
FCF YoY growth	-	-144%	-2K%	-107%	-312%	41%	49%	-47%	83%	-27%	1%