Broadridge Financial Solutions, Inc.
BR
Services-Business Services, NEC
Mkt Cap
$23.13BPE
33.10Debt
$3.514BCash
$235.6MEV
$26.41BFCF
$1.008BP/E Ratio
33.10Debt
$3.514BCash
$235.6MEV
$26.41BFCF
$1.008BCharts data: {"Earnings":[{"time":"2014-06-29","value":263000000},{"time":"2015-06-29","value":287100000},{"time":"2016-06-29","value":307500000},{"time":"2017-06-29","value":326800000},{"time":"2018-06-29","value":427900000},{"time":"2019-06-29","value":482100000},{"time":"2020-06-29","value":462500000},{"time":"2021-06-29","value":547500000},{"time":"2022-06-29","value":539100000},{"time":"2023-06-29","value":630600000}],"Sales":[{"time":"2014-06-29","value":2558000000},{"time":"2015-06-29","value":2694200000},{"time":"2016-06-29","value":2897000000},{"time":"2017-06-29","value":4142600000},{"time":"2018-06-29","value":4329900000},{"time":"2019-06-29","value":4362200000},{"time":"2020-06-29","value":4529000000},{"time":"2021-06-29","value":4993700000},{"time":"2022-06-29","value":5709100000},{"time":"2023-06-29","value":6060900000}],"Net Margins":[{"time":"2014-06-29","value":0.10281469898358092},{"time":"2015-06-29","value":0.10656224482221067},{"time":"2016-06-29","value":0.1061442871936486},{"time":"2017-06-29","value":0.07888765509583354},{"time":"2018-06-29","value":0.09882445322062865},{"time":"2019-06-29","value":0.11051762871945349},{"time":"2020-06-29","value":0.10211967321704571},{"time":"2021-06-29","value":0.1096381440615175},{"time":"2022-06-29","value":0.094428193585679},{"time":"2023-06-29","value":0.1040439538682374}],"Assets":[{"time":"2014-06-29","value":2192100000},{"time":"2015-06-29","value":2368100000},{"time":"2016-06-29","value":2879800000},{"time":"2017-06-29","value":3149800000},{"time":"2018-06-29","value":3304700000},{"time":"2019-06-29","value":3880700000},{"time":"2020-06-29","value":4889800000},{"time":"2021-06-29","value":8119800000},{"time":"2022-06-29","value":8168800000},{"time":"2023-06-29","value":8233200000}],"Stockholders Equity":[{"time":"2014-06-29","value":961700000},{"time":"2015-06-29","value":927800000},{"time":"2016-06-29","value":1045500000},{"time":"2017-06-29","value":1003800000},{"time":"2018-06-29","value":1094300000},{"time":"2019-06-29","value":1127500000},{"time":"2020-06-29","value":1346500000},{"time":"2021-06-29","value":1809100000},{"time":"2022-06-29","value":1919100000},{"time":"2023-06-29","value":2240600000}],"ROE":[{"time":"2014-06-29","value":0.2734740563585318},{"time":"2015-06-29","value":0.30944169001940075},{"time":"2016-06-29","value":0.29411764705882354},{"time":"2017-06-29","value":0.3255628611277147},{"time":"2018-06-29","value":0.39102622681166044},{"time":"2019-06-29","value":0.42758314855875834},{"time":"2020-06-29","value":0.3434831043445971},{"time":"2021-06-29","value":0.3026366701674866},{"time":"2022-06-29","value":0.2809129279349695},{"time":"2023-06-29","value":0.2814424707667589}],"ROA":[{"time":"2014-06-29","value":0.18042060124994297},{"time":"2015-06-29","value":0.19606435539039738},{"time":"2016-06-29","value":0.18358913813459268},{"time":"2017-06-29","value":0.18296399771414057},{"time":"2018-06-29","value":0.19284655188065483},{"time":"2019-06-29","value":0.1683201484268302},{"time":"2020-06-29","value":0.13129371344431265},{"time":"2021-06-29","value":0.09282248331239686},{"time":"2022-06-29","value":0.09302467926745667},{"time":"2023-06-29","value":0.11400184618374387}]}
Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions. It also offers ProxyEdge, an electronic proxy delivery and voting solution; data-driven solutions and an end-to-end platform for content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services; data and analytics solutions; solutions for public corporations and mutual funds; SEC filing and capital markets transaction services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. The company's Global Technology and Operations segment provides solutions that automate the front-to-back transaction lifecycle of equity, mutual fund, fixed income, foreign exchange and exchange-traded derivatives, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, reference data management, reconciliations, securities financing and collateral management, asset servicing, compliance and regulatory reporting, portfolio accounting, and custody-related services. This segment also offers business process outsourcing services; technology solutions, such portfolio management, compliance, fee billing, and operational support solutions; and capital market and wealth management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.
Sector
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DCF
Discounted Cash Flow Valuation of Broadridge Financial Solutions, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $1.008B | $1.083B | $1.16B | $1.24B | $1.322B | $1.406B | $1.491B | $1.578B | $1.665B | $1.753B | $1.84B | $18.4B |
| DCF | $941.4M | $877.1M | $815.2M | $755.8M | $698.9M | $644.7M | $593.1M | $544.3M | $498.3M | $454.9M | $4.549B | |
| Value | $11.37B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 10%
Earnings Stability 92%
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 | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 11% | 11% | 7.9% | 9.9% | 11% | 10% | 11% | 9.4% | 10% | 11% |
| ROA | 20% | 18% | 18% | 19% | 17% | 13% | 9.3% | 9.3% | 11% | 13% |
| ROE | 31% | 29% | 33% | 39% | 43% | 34% | 30% | 28% | 28% | 31% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +10.33%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.04%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +13.21%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -1.88%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +33.78%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -2.94%.
Safety & Stabiliy
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 | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 1.81 | 3.02 | 2.56 | 1.71 | 2.60 | 4.08 | 6.61 | 9.15 | 5.85 | 3.49 |
| Debt Equity | 0.74 | 1.10 | 1.10 | 0.96 | 1.30 | 1.62 | 2.15 | 1.98 | 2.05 | 1.55 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 3.49.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 1.23.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
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 | 06-2016 | 06-2018 | 06-2020 | 06-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 11% | 7% | 10% | 6.2% | -0.71% |
| Net Income | 11% | 8.1% | 11% | 17% | -0.091% |
| Stockholders Equity | 12% | 15% | 19% | 17% | 2.5% |
| FCF | 11% | 4.9% | 14% | 89% | 2.9% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +6.96%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -0.71%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +8.06%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -0.09%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +15.41%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +2.47%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +4.93%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +2.86%.