BGC Partners, Inc. operates as a brokerage and financial technology company in the United States, the United Kingdom, rest of Asia, France, the Middle East, Africa, rest of Europe, and internationally. More Details
Moderate growth potential with imperfect balance sheet.
Share Price & News
How has BGC Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BGCP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: BGCP's weekly volatility (8%) has been stable over the past year.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: BGCP underperformed the US Capital Markets industry which returned 15.7% over the past year.
Return vs Market: BGCP underperformed the US Market which returned 19.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is BGC Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StBGC Partners (NASDAQ:BGCP) Has Returned Negative 48% To Its Shareholders In The Past Three Years
1 month ago | Simply Wall StInvestors In BGC Partners, Inc. (NASDAQ:BGCP) Should Consider This, First
2 months ago | Simply Wall StIt Might Not Be A Great Idea To Buy BGC Partners, Inc. (NASDAQ:BGCP) For Its Next Dividend
Is BGC Partners undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BGCP ($3.8) is trading above our estimate of fair value ($1.5)
Significantly Below Fair Value: BGCP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BGCP is poor value based on its PE Ratio (29.9x) compared to the US Capital Markets industry average (27.1x).
PE vs Market: BGCP is poor value based on its PE Ratio (29.9x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: BGCP is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: BGCP is good value based on its PB Ratio (1.9x) compared to the US Capital Markets industry average (5x).
How is BGC Partners forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BGCP's forecast earnings growth (28.7% per year) is above the savings rate (2%).
Earnings vs Market: BGCP's earnings (28.7% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BGCP's revenue (5.2% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: BGCP's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BGCP's Return on Equity is forecast to be high in 3 years time
How has BGC Partners performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BGCP has a large one-off loss of $68.7M impacting its September 30 2020 financial results.
Growing Profit Margin: BGCP's current net profit margins (2.3%) are lower than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: BGCP's earnings have declined by 23.5% per year over the past 5 years.
Accelerating Growth: BGCP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BGCP had negative earnings growth (-5.8%) over the past year, making it difficult to compare to the Capital Markets industry average (4.9%).
Return on Equity
High ROE: BGCP's Return on Equity (7.1%) is considered low.
How is BGC Partners's financial position?
Financial Position Analysis
Short Term Liabilities: BGCP's short term assets ($3.0B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: BGCP's short term assets ($3.0B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: BGCP's debt to equity ratio (160.3%) is considered high.
Reducing Debt: BGCP's debt to equity ratio has increased from 93.1% to 160.3% over the past 5 years.
Debt Coverage: BGCP's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: Insufficient data to determine if BGCP's interest payments on its debt are well covered by EBIT.
What is BGC Partners's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BGCP's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: BGCP's dividend (1.05%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: BGCP's dividend payments have been volatile in the past 10 years.
Growing Dividend: BGCP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (236%), BGCP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Howard Lutnick (58 yo)
Mr. Howard W. Lutnick is Chairman and Chief Executive Officer at CF Acquisition Corp. IV since January 2020. He has been Chairman and Chief Executive Officer at CF Finance Acquisition Corp. III since March...
CEO Compensation Analysis
Compensation vs Market: Howard's total compensation ($USD11.75M) is above average for companies of similar size in the US market ($USD3.88M).
Compensation vs Earnings: Howard's compensation has been consistent with company performance over the past year.
|Chairman & CEO||21.58yrs||US$11.75m||2.58% |
|Chief Operating Officer||12yrs||US$2.17m||no data|
|Executive VP & General Counsel||21.58yrs||US$2.85m||0.011% |
|Executive MD & CFO||1yr||no data||0.00041% |
|Chief Information Officer||0.58yr||no data||no data|
|Head of Investor Relations||1yr||no data||no data|
|Director of Communications||no data||no data||no data|
|Chief Marketing Officer||no data||no data||no data|
|Senior MD and Global Head of Human Resources & Partnership||9yrs||no data||no data|
|Executive MD of North America Operations & Global Head of FX Products||no data||no data||no data|
|Executive MD & Co-Global Head of Brokerage||no data||no data||no data|
|Executive MD of North America & Global Head of Fenics US Treasuries||no data||no data||no data|
Experienced Management: BGCP's management team is seasoned and experienced (9 years average tenure).
|Chairman & CEO||21.58yrs||US$11.75m||2.58% |
|Independent Director||3.08yrs||US$192.20k||0.0025% |
|Independent Director||7.58yrs||US$228.00k||0.017% |
|Vice Chairman of the Board||0.25yr||US$4.00m||0.0015% |
|Independent Director||11.08yrs||US$218.00k||0.0077% |
|Independent Director||7.5yrs||US$203.00k||0.0011% |
Experienced Board: BGCP's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.
BGC Partners, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: BGC Partners, Inc.
- Ticker: BGCP
- Exchange: NasdaqGS
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: US$1.577b
- Market Cap: US$1.378b
- Shares outstanding: 414.96m
- Website: https://www.bgcpartners.com
Number of Employees
- BGC Partners, Inc.
- 499 Park Avenue
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ESDA||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Dec 1999|
|BGCP||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Dec 1999|
|0HKM||LSE (London Stock Exchange)||Yes||Class A Common Stock||GB||USD||Dec 1999|
BGC Partners, Inc. operates as a brokerage and financial technology company in the United States, the United Kingdom, rest of Asia, France, the Middle East, Africa, rest of Europe, and internationally. It ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/18 23:10|
|End of Day Share Price||2021/01/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.