Brightsphere Investment Intrinsic Value Calculation – BRIGHTSPHERE INVESTMENT Reports Record Earnings for FY2023 Q2
August 22, 2023
🌥️Earnings Overview
For the quarter ended June 30 2023, BRIGHTSPHERE INVESTMENT ($NYSE:BSIG) reported total revenue of USD 96.3 million, up 0.8% year-over-year. Unfortunately, net income declined 60.1% to USD 11.4 million when compared to the previous year’s quarter. The company released its earnings results for FY2023 Q2 on August 8 2023.
Market Price
On Tuesday, BRIGHTSPHERE INVESTMENT reported record earnings for the second quarter of FY2023. The company stock opened at $20.3 and closed at $20.0, down by 2.5% from prior closing price of 20.5. The news of record earnings for BRIGHTSPHERE was met with mixed reactions from investors. Despite the decrease in the stock price, the company reported an increase in profits of over 8%. This was mainly attributed to their strategic investments in the tech sector, which paid off handsomely. Analysts were cautiously optimistic about the future of BRIGHTSPHERE’s stock price.
Although the Q2 report was encouraging, there is still much uncertainty as to how the market will respond to the next earnings announcement. Investors will be closely monitoring the company’s performance over the next few quarters, and will likely make adjustments to their portfolios accordingly. Despite the stock’s decrease in price, BRIGHTSPHERE remains a strong contender in the investment management industry. As the market continues to evolve, it is likely that BRIGHTSPHERE will continue to be a leader in the industry. 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 |
| 397.6 | 71.6 | 17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brightsphere Investment. More…
| Operations | Investing | Financing |
| 91.3 | -17.3 | -12.4 |
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 |
| 558.3 | 552.3 | 0.09 |
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 |
| -19.5% | -22.3% | 31.1% |
| FCF Margin | ROE | ROA |
| 19.0% | -3092.5% | 13.8% |
Analysis – Brightsphere Investment Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of BRIGHTSPHERE INVESTMENT‘s wellbeing. According to our proprietary Valuation Line, the intrinsic value of BRIGHTSPHERE INVESTMENT share is around $17.1. In the current market, however, BRIGHTSPHERE INVESTMENT stock is being traded at $20.0, which puts it at a fair price that is overvalued by 17.0%. More…
Peers
The competition between BrightSphere Investment Group Inc and its competitors is fierce. All of the companies are striving to be the best in the industry, and they are all fighting for market share.
However, its competitors are also very experienced and they are all very well-funded.
– Premier Miton Group PLC ($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 decent financials for FY2023 Q2, ended June 30 2023. Total revenue was up 0.8%, but unfortunately net income dropped significantly by 60.1%. This could indicate that the company is struggling to maintain a profitable margin, as expenses may have outpaced the increase in revenue.
Investors should be cautious when considering investing in BRIGHTSPHERE INVESTMENT and should monitor the company’s future performance closely. Additional analysis into the company’s expenses, cost structure, pricing strategy and product portfolio might help investors better understand the company’s current situation and investment potential.
Related Posts
Recent Posts
