Brighthouse Financial Stock Fair Value Calculation – BRIGHTHOUSE FINANCIAL Reports Third Quarter Earnings Results for FY2023
December 17, 2023
🌥️Earnings Overview
On November 7, 2023, BRIGHTHOUSE FINANCIAL ($NASDAQ:BHF) announced their earnings results for the third quarter of FY2023, ending on September 30th, 2023. Total revenue for the period was USD 1170.0 million, representing a 21.1% decrease compared to the same period in the previous year; however, net income reported for the quarter was USD 479.0 million, which was a 170.8% increase year over year.
Share Price
The company’s stock opened at $47.8 and closed at $48.0, down by 0.1% from its last closing price of 48.1. This indicates that investors are still confident in the company’s long-term prospects. With a strong balance sheet and solid cash position, BRIGHTHOUSE FINANCIAL is well-positioned to weather any potential headwinds in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brighthouse Financial. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | -4.04k | -97.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brighthouse Financial. More…
| Operations | Investing | Financing |
| -438 | -3.32k | 2.81k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brighthouse Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 223.52k | 219.38k | 62.89 |
Key Ratios Snapshot
Some of the financial key ratios for Brighthouse Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -22.8% | – | -123.6% |
| FCF Margin | ROE | ROA |
| -10.8% | -69.8% | -1.4% |
Analysis – Brighthouse Financial Stock Fair Value Calculation
At GoodWhale, we have analyzed the financials of BRIGHTHOUSE FINANCIAL and calculated the fair value of its stock. According to our proprietary Valuation Line, the fair value of BRIGHTHOUSE FINANCIAL share stands at $28.6. However, the stock is currently trading at $48.0, which is significantly overvalued by 68.0%. This suggests that investors should exercise caution before investing in BRIGHTHOUSE FINANCIAL stock at the present price. More…
Peers
The company competes with National Western Life Group Inc, Prudential Financial Inc, and CNP Assurances in the highly competitive life insurance and annuities market.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group Inc is a holding company that operates through its subsidiaries. The Company’s principal subsidiary is National Western Life Insurance Company, a Texas corporation. National Western offers a variety of insurance products, including annuities, life insurance, and reinsurance.
– Prudential Financial Inc ($NYSE:PRU)
Prudential Financial Inc is an American multinational financial services company with a market cap of $36.56 billion as of 2022. It offers a variety of products and services including life insurance, annuities, mutual funds, pension and retirement products, and investment management. Prudential is one of the largest financial services companies in the world with over $1 trillion in assets under management.
Summary
BRIGHTHOUSE FINANCIAL reported their third quarter earnings results for the FY2023 ending in September 2023. Total revenue for the period was USD 1170.0 million, down 21.1% year over year, while net income reported was USD 479.0 million, a 170.8% increase compared to the same period in the prior year. This result suggests that BRIGHTHOUSE FINANCIAL is recovering from the effects of the pandemic and may be a good investment opportunity for investors. Investors should evaluate the company’s financial performance, outlook, and competitive landscape in order to make an informed investing decision.
