Brightsphere Investment Stock Intrinsic Value – BRIGHTSPHERE INVESTMENT Reports Q2 FY2023 Earnings Results on August 8, 2023
August 15, 2023
🌥️Earnings Overview
On August 8th 2023, BRIGHTSPHERE INVESTMENT ($NYSE:BSIG) reported their second quarter FY2023 earnings (as of June 30th 2023), which totalled USD 96.3 million in revenue, a 0.8% rise from Q2 of the previous year. Unfortunately, net income for the quarter decreased by a hefty 60.1%, dropping to USD 11.4 million.
Market Price
The stock opened at $20.3 and by the end of the day it had dropped 2.5% to close at $20.0. This was a significant decline from the previous close of $20.5. The decrease in net income was mainly due to higher expenses associated with marketing and promotional activities. Investors were also pleased to see that BRIGHTSPHERE INVESTMENT had decreased its debt load and was able to maintain a healthy cash position even during difficult economic times.
Furthermore, the company has implemented various cost-saving measures in order to keep costs low and remain competitive. Overall, it appears that BRIGHTSPHERE INVESTMENT is adapting well to the current market and is taking steps to ensure its long-term success. With its focus on cost control and debt reduction, the company is well-positioned for future growth and profitability. 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 Stock Intrinsic Value
GoodWhale recently conducted an analysis of BRIGHTSPHERE INVESTMENT‘s wellbeing. Our proprietary Valuation Line indicated that the fair value of their share is approximately $17.1. However, it is currently trading at $20.0, which is a 17.2% overvaluation. We believe investors should be aware of this discrepancy before making any decisions to buy or sell shares. More…
Peers
The competition between BrightSphere Investment Group Inc and its competitors is fierce. All of the companies are striving to be the best in the industry, and they are all fighting for market share.
However, its competitors are also very experienced and they are all very well-funded.
– Premier Miton Group PLC ($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 their second quarter FY2023 earnings on August 8 2023. Revenue increased slightly year over year by 0.8%, however net income decreased significantly by 60.1%. Investors should take note of this decrease in net income when assessing the overall performance of the company. They should also consider the potential growth opportunities that may be available in the future.
Additionally, investors should review the company’s financials, balance sheet and cash flow to gain a more accurate understanding of how the company is performing and to determine what investments would be best suited to their individual risk tolerance and financial goals.
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