AB Intrinsic Value Calculator – ALLIANCEBERNSTEIN HOLDING L.P Reports 8.3% Decrease in Revenue for Q2 2023
July 29, 2023
🌥️Earnings Overview
ALLIANCEBERNSTEIN HOLDING L.P ($NYSE:AB)’s total revenue for the quarter ending June 30, 2023 was USD 69.1 million, a decrease of 8.3% from the same period in the prior year. The company also reported a net income of USD 60.6 million for the quarter, which was 11.1% lower year over year.
Analysis – AB Intrinsic Value Calculator
GoodWhale has conducted an analysis of ALLIANCEBERNSTEIN HOLDING L.P’s wellbeing. According to our proprietary Valuation Line, the fair value of ALLIANCEBERNSTEIN HOLDING L.P share is around $32.8. This indicates that the current price of $32.9 at which the stock is traded is a fair price. It is also interesting to note that the stock has been trading within this fair value range for quite a while, suggesting that the market’s assessment of the company’s performance is accurate. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AB. More…
| Total Revenues | Net Income | Net Margin |
| 281.3 | 248.09 | 88.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AB. More…
| Operations | Investing | Financing |
| 296.91 | -1.59 | -295.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.04k | 0.35 | 18.03 |
Key Ratios Snapshot
Some of the financial key ratios for AB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.8% | – | – |
| FCF Margin | ROE | ROA |
| 105.6% | 8.6% | 8.6% |
Peers
The company competes with WisdomTree Investments Inc, Ashmore Group PLC, and Onex Corporation. All four companies offer a wide range of investment products and services.
– WisdomTree Investments Inc ($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 experienced a decline in revenue and net income for the second quarter of fiscal year 2023 ending on June 30, 2023. Total revenue was USD 69.1 million, 8.3% lower than the prior year; while net income was USD 60.6 million, 11.1% lower than the same period last year. This suggests that investors should exercise caution when considering investing in ALLIANCEBERNSTEIN HOLDING L.P. They should consider recent market conditions, such as the impact of the pandemic, and potential risks before investing. Careful analysis of financial statements and other data will help investors make informed decisions.
