Brighthouse Financial, Inc.

Finance
Life Insurance
www.brighthousefinancial.com

Earnings Score
Moat Score

Market Cap $3.01B
PE -2
Debt $3.16B
Cash $5.63B
EV $532.20M
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$1.30B
EBIT	-$1.59B
ROE	-23%
ROA	-1%
Equity	$5.59B
Growth Stability	1
PE	-2.31
PEG	0.98
PB	0.54
P/S	0.61
Price/Cash	1.87
Debt/Equity	0.56
Net Margins	-10%
Op. Margins	-32%
Earnings CAGR	1%
Sales Growth YoY	72%
Sales Growth QoQ	41%
Sales CAGR	-1%
Equity CAGR	-14%
Earnings Stability	-0.07
Earnings Growth YoY	-67%

Earnings Growth QoQ	2K%
Earnings CAGR 5Y	-2%
Sales CAGR 5Y	-12%
Equity CAGR 5Y	-32%
Earnings CAGR 3Y	-33%
Sales CAGR 3Y	-33%
Equity CAGR 3Y	-34%
Market Cap	$3.01B
Revenue	$4.92B
Assets	$245.16B
Total Debt	$3.16B
Cash	$5.63B
Shares Outstanding	59.84M
EV	532.2M
Earnings Score	6%
Moat Score	7%
Shares Growth 3y	-9%
Equity Growth QoQ	33%
Equity Growth YoY	35%

Assets & ROA

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Stockholders Equity & ROE

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Brighthouse Financial Inc is a United States-based provider of annuity products and life insurance through independent distribution channels and marketing arrangements with distribution partners. Its segments are Annuities, Life, and Run-off. It derives a majority of the revenue from the Annuities segment which includes variable, fixed, index-linked and income annuities. The life segment includes variable, term, universal and whole life policies.

SEC Filings

Direct access to Brighthouse Financial, Inc. (BHF) 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 Brighthouse Financial, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 1%

Stability -7%

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Brighthouse Financial, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Brighthouse Financial, Inc..

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	13%	-97%	-6%	10%	-12%	-13%	-3%	-1%	-29%	-10%
ROA	-	-2%	-0%	0%	-0%	-1%	-0%	-0%	-1%	-1%
ROE	-	-20%	-3%	6%	-5%	-6%	-1%	-2%	-24%	-23%

Bad Net Margins (-10.23%)

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	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	0.13	0.25	0.27	0.27	0.19	0.19	0.52	0.63	0.56
Growth Stability	-	-	-	-	-	-	-	-	-	1

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.

Good Debt/Equity ratio (0.56)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good 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	CAGR 5Y
Revenue YoY growth	-	-66%	127%	31%	-27%	30%	-16%	19%	-51%	-12%
Earnings YoY growth	-	-363%	-87%	-329%	-188%	45%	-82%	-50%	1K%	-2%
Equity YoY growth	-	-12%	-2%	-1%	12%	11%	-10%	-63%	-17%	-32%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-