Brightsphere Investment Intrinsic Stock Value – BRIGHTSPHERE INVESTMENT Reports Record Earnings for FY2023 Q3
November 21, 2023
🌥️Earnings Overview
On November 8, 2023, BRIGHTSPHERE INVESTMENT ($NYSE:BSIG) announced their financials for the third quarter of FY2023, which ended on September 30th. Total revenue was USD 107.3 million, marking a 23.6% increase from the same quarter in FY2022. Net income was also up 10.1%, amounting to USD 19.6 million.
Market Price
On Wednesday, BRIGHTSPHERE INVESTMENT reported record earnings for the third quarter of fiscal year 2023. The stock opened at $16.3, up from its previous closing price of $16.2.
However, the stock closed at $16.2, down by 0.4%. The company attributed the increase in profits to its diversified portfolio of investments and its focus on growth opportunities. BRIGHTSPHERE INVESTMENT’s core investment strategy has enabled it to strategically manage risk and benefit from market cycles. This strategy has enabled the company to achieve strong returns, even in times of economic uncertainty or market volatility. The third quarter earnings report also highlighted BRIGHTSPHERE INVESTMENT’s commitment to sustainability, with the company investing in environmental, social, and governance initiatives. These investments have enabled the company to reduce its carbon footprint and create social value. Overall, BRIGHTSPHERE INVESTMENT’s strong financial performance in the third quarter of FY2023 is a testament to the company’s strategic investments and sound business strategies. As the company continues to focus on growth opportunities and invest in sustainability, it is likely that BRIGHTSPHERE INVESTMENT will continue to report impressive results in the quarters ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brightsphere Investment. More…
| Total Revenues | Net Income | Net Margin |
| 418.1 | 73.4 | 17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brightsphere Investment. More…
| Operations | Investing | Financing |
| 79.1 | -27.4 | -8.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brightsphere Investment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 553 | 521.8 | 0.55 |
Key Ratios Snapshot
Some of the financial key ratios for Brightsphere Investment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -17.6% | -21.1% | 30.2% |
| FCF Margin | ROE | ROA |
| 15.5% | 592.6% | 14.3% |
Analysis – Brightsphere Investment Intrinsic Stock Value
At GoodWhale, we have conducted a comprehensive evaluation of BRIGHTSPHERE INVESTMENT‘s fundamentals to arrive at an intrinsic value. Our proprietary Valuation Line has determined that the intrinsic value of BRIGHTSPHERE INVESTMENT stock is approximately $21.4. Currently, BRIGHTSPHERE INVESTMENT shares are trading at $16.2, which represents a 24.4% undervaluation from its intrinsic value. More…
Peers
The competition between BrightSphere Investment Group Inc and its competitors is fierce. All of the companies are striving to be the best in the industry, and they are all fighting for market share.
However, its competitors are also very experienced and they are all very well-funded.
– Premier Miton Group PLC ($LSE:PMI)
Miton Group PLC is a United Kingdom-based investment management company. The Company’s principal activity is providing investment management services. It also provides ancillary services, including investment research, administration and custody services. The Company’s segments include UK and International. The UK segment includes the Company’s operations in the United Kingdom. The International segment includes the Company’s operations in Dubai, the Channel Islands and Cyprus. The Company manages assets for a range of clients, including pension funds, charities, local authorities and private individuals.
– WisdomTree Investments Inc ($NASDAQ:WETF)
AllianceBernstein Holding LP is a global asset management firm that offers investment management and research services to institutions, individuals, and corporations. The company has a market capitalization of 3.67 billion as of 2022 and a return on equity of 15.16%. AllianceBernstein has a diversified product lineup that includes equities, fixed income, alternatives, and private markets strategies. The company also offers research and consulting services. AllianceBernstein has a global reach with offices in North America, Europe, Asia, and Australia.
Summary
BrightSphere Investment reported solid earnings for its Q3 FY2023, with total revenue coming in at USD 107.3 million, an impressive 23.6% year-on-year increase. Net income rose 10.1% to USD 19.6 million, reflecting the company’s strong performance. As a result, BrightSphere Investment is well-positioned to continue to reap the benefits of an improving market, as investors have responded positively to the company’s strong financials and outlook for the future. Additionally, its strong balance sheet and cash flow position suggest further upside potential in the coming quarters, making it an attractive investment option.
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