BR Stock Fair Value Calculation – BROADRIDGE FINANCIAL SOLUTIONS Reports FY2023 Q4 Earnings Results for June 30 2023
August 20, 2023
☀️Earnings Overview
On August 8 2023, BROADRIDGE FINANCIAL SOLUTIONS ($NYSE:BR) released their earnings report for the fourth quarter of FY2023, which ended on June 30 2023. The company saw a revenue growth of 6.7% year over year to USD 1839.0 million, and posted a net income of USD 324.1 million – a 30.6% increase compared to the same period in the prior year.
Stock Price
On Tuesday, BROADRIDGE FINANCIAL SOLUTIONS released the fiscal year 2023 fourth quarter earnings results for June 30 2023. The stock opened at $171.4 and closed at $176.9, registering a 6.4% increase from the previous closing price of 166.2. This surge in stock prices comes as a result of the positive performance of the company in the fourth quarter of the fiscal year 2023.
The encouraging performance of BROADRIDGE FINANCIAL SOLUTIONS can be attributed to its effective cost management strategies, efficient capital allocation process and focus on innovation. The company is expected to continue to generate high returns for its shareholders in the upcoming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BR. More…
| Total Revenues | Net Income | Net Margin |
| 6.06k | 630.6 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BR. More…
| Operations | Investing | Financing |
| 823.3 | -80.4 | -714.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.23k | 5.99k | 18.97 |
Key Ratios Snapshot
Some of the financial key ratios for BR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 14.4% | 15.5% |
| FCF Margin | ROE | ROA |
| 12.3% | 27.7% | 7.1% |
Analysis – BR Stock Fair Value Calculation
We at GoodWhale recently conducted an analysis of BROADRIDGE FINANCIAL SOLUTIONS’s wellbeing. After extensive research and analysis, our proprietary Valuation Line determined that the fair value of BROADRIDGE FINANCIAL SOLUTIONS share is around $170.9. Interestingly, at the moment, the stock is traded at $176.9, a price that is 3.5% overvalued in comparison to its fair value. We believe that this presents a great opportunity for potential investors to purchase the stock at a slightly higher than fair value and benefit from capital gains in the future. More…
Peers
Broadridge Financial Solutions Inc. is a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers, and corporations. Headquartered in New York, United States, Broadridge employs over 10,000 people in 18 countries.
Broadridge’s main competitors are RTS Technology Holdings Bhd, Fact Inc, and Information Services Group Inc.
– RTS Technology Holdings Bhd ($KLSE:03039)
RTS Technology Holdings Bhd has a market cap of 20.53M as of 2022, a Return on Equity of 15.84%. The company is an investment holding company. Through its subsidiaries, the Company is engaged in the provision of management services, as well as trading of electrical and electronic products.
– Fact Inc ($OTCPK:FCTI)
Fact Inc is a publicly traded company with a market capitalization of 552.17k as of 2022. The company has a return on equity of 98.84%. Fact Inc is engaged in the business of providing financial data and analytics solutions to clients in a variety of industries. The company’s products and services are used by clients to make informed decisions about investments, risk management, and other financial matters.
– Information Services Group Inc ($NASDAQ:III)
Information Services Group Inc is a publicly traded company that provides technology research and advisory services. The company has a market capitalization of 232.55 million as of 2022 and a return on equity of 19.28%. ISG was founded in 2006 and is headquartered in Stamford, Connecticut.
Summary
BROADRIDGE FINANCIAL SOLUTIONS recently reported its financial results for the fourth quarter of FY2023, with total revenue of USD 1839.0 million and net income of USD 324.1 million. This represented an increase of 6.7% and 30.6% respectively year over year. The stock price moved up the same day, indicating investors have confidence in the company’s performance. With a strong quarter under its belt, BROADRIDGE FINANCIAL SOLUTIONS may be a good option for investors looking for a solid, stable investment opportunity in the near future.
