AB Intrinsic Value – AllianceBernstein AUM Declines 1% in May Amid Market Weakness
June 14, 2023
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ALLIANCEBERNSTEIN HOLDING L.P ($NYSE:AB) is an American investment management company, providing a range of services, such as asset management, research, and consulting services, to a global and diverse client base. In May, the company’s assets under management (AUM) decreased by 1%, due to market weakness. AUM is a measure of the amount of money that an asset manager manages over a given period. This decrease in AUM reflects the increased uncertainty and instability in the markets brought about by the coronavirus crisis. While the decline was small, it serves as a reminder that the pandemic has had a significant impact on the global economy and markets.
The market weakness was seen across many industries, with many asset management firms reporting similar losses. AllianceBernstein reported a decrease of 1% in AUM despite its efforts to help investors during this difficult period through various strategies. The company remains committed to helping its clients navigate the uncertainty of the markets and will continue to provide them with advice and guidance.
Analysis – AB Intrinsic Value
At GoodWhale, we believe in making sense of the markets for our users. That’s why we’ve gone the extra mile to analyze the fundamentals of ALLIANCEBERNSTEIN HOLDING L.P and provide you with an up-to-date intrinsic value. Our unique Valuation Line estimates the share’s intrinsic value at around $32.4. At the current price of $33.7, ALLIANCEBERNSTEIN HOLDING L.P’s stock is fairly overvalued by 3.9%. We recommend that investors closely monitor the company’s performance and reconfirm their assessment before making an investment decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AB. More…
| Total Revenues | Net Income | Net Margin |
| 287.53 | 255.67 | 88.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AB. More…
| Operations | Investing | Financing |
| 313.46 | -1.77 | -311.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.05k | 1.22 | 18.22 |
Key Ratios Snapshot
Some of the financial key ratios for AB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.5% | – | – |
| FCF Margin | ROE | ROA |
| 109.0% | 8.7% | 8.8% |
Peers
The company competes with WisdomTree Investments Inc, Ashmore Group PLC, and Onex Corporation. All four companies offer a wide range of investment products and services.
– WisdomTree Investments Inc ($NASDAQ:WETF)
Ashmore Group PLC is a United Kingdom-based investment management company. The Company’s objective is to provide high quality investment solutions and services to meet the needs of clients, which include institutions, corporations and individuals. The Company’s segments include Local Currency, Blended Debt, Corporate Debt, Equity, Multi-Asset and Other. The Local Currency segment invests in sovereign debt denominated in local currencies. The Blended Debt segment invests in sovereign and quasi-sovereign debt. The Corporate Debt segment invests in corporate debt from emerging markets. The Equity segment invests in stocks of companies in emerging markets. The Multi-Asset segment invests in a range of asset classes, including equities, fixed income, commodities and real estate. The Other segment includes the Company’s cash and cash equivalents.
– Ashmore Group PLC ($LSE:ASHM)
Onex Corporation is a private equity and investment management firm with a market cap of 5.84B as of 2022. The company has a Return on Equity of 5.95%. Onex invests in and manages a range of businesses across a variety of industries including aerospace, healthcare, industrial, and consumer businesses. The company has a global reach with operations in North America, Europe, and Asia.
Summary
AllianceBernstein Holding L.P. reported a 1% drop in its assets under management (AUM) in May in response to market downturns. The company’s earnings were also affected by a decrease in client activity in response to market volatility. These factors, combined with stock market underperformance, led to a decrease in AUM for the month of May. Despite the decline, AllianceBernstein Holding L.P. continues to focus on its long-term strategy of investing in high-growth companies in order to generate robust returns for its clients.
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