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FOCS

Focus Financial Partners NasdaqGS:FOCS Stock Report

Last Price

US$35.68

Market Cap

US$2.8b

7D

10.6%

1Y

-27.8%

Updated

28 Jun, 2022

Data

Company Financials +
FOCS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health3/6
Dividends0/6

FOCS Stock Overview

Focus Financial Partners Inc. provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities.

Focus Financial Partners Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Focus Financial Partners
Historical stock prices
Current Share PriceUS$35.68
52 Week HighUS$69.13
52 Week LowUS$30.88
Beta1.26
1 Month Change-5.36%
3 Month Change-24.00%
1 Year Change-27.76%
3 Year Change28.02%
5 Year Changen/a
Change since IPO-4.98%

Recent News & Updates

Jun 12
What You Can Learn From Focus Financial Partners Inc.'s (NASDAQ:FOCS) P/E

What You Can Learn From Focus Financial Partners Inc.'s (NASDAQ:FOCS) P/E

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 15x, you may...

May 16
Does Focus Financial Partners (NASDAQ:FOCS) Deserve A Spot On Your Watchlist?

Does Focus Financial Partners (NASDAQ:FOCS) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

FOCSUS Capital MarketsUS Market
7D10.6%6.3%6.3%
1Y-27.8%-18.3%-18.8%

Return vs Industry: FOCS underperformed the US Capital Markets industry which returned -18.3% over the past year.

Return vs Market: FOCS underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is FOCS's price volatile compared to industry and market?
FOCS volatility
FOCS Average Weekly Movement6.4%
Capital Markets Industry Average Movement0.5%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: FOCS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FOCS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20064,400Rudy Adolfhttps://focusfinancialpartners.com

Focus Financial Partners Inc. provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services; recommends financial products through commissions and distribution fees; and sells investment or insurance products.

Focus Financial Partners Fundamentals Summary

How do Focus Financial Partners's earnings and revenue compare to its market cap?
FOCS fundamental statistics
Market CapUS$2.78b
Earnings (TTM)US$39.26m
Revenue (TTM)US$1.94b

59.4x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FOCS income statement (TTM)
RevenueUS$1.94b
Cost of RevenueUS$1.16b
Gross ProfitUS$781.27m
Other ExpensesUS$742.01m
EarningsUS$39.26m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.60
Gross Margin40.26%
Net Profit Margin2.02%
Debt/Equity Ratio206.2%

How did FOCS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FOCS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FOCS?

Other financial metrics that can be useful for relative valuation.

FOCS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.6x
Enterprise Value/EBITDA10.8x
PEG Ratio2.9x

Price to Earnings Ratio vs Peers

How does FOCS's PE Ratio compare to its peers?

FOCS PE Ratio vs Peers
The above table shows the PE ratio for FOCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.6x
APAM Artisan Partners Asset Management
8.6x2.2%US$3.0b
CNS Cohen & Steers
16x5.8%US$3.3b
MAIN Main Street Capital
8.3x-12.3%US$2.8b
HLNE Hamilton Lane
17.5x18.9%US$3.8b
FOCS Focus Financial Partners
59.4x20.7%US$2.8b

Price-To-Earnings vs Peers: FOCS is expensive based on its Price-To-Earnings Ratio (59.4x) compared to the peer average (12.6x).


Price to Earnings Ratio vs Industry

How does FOCS's PE Ratio compare vs other companies in the US Capital Markets Industry?

Price-To-Earnings vs Industry: FOCS is expensive based on its Price-To-Earnings Ratio (59.4x) compared to the US Capital Markets industry average (29.3x)


Price to Earnings Ratio vs Fair Ratio

What is FOCS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FOCS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio59.4x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: FOCS is expensive based on its Price-To-Earnings Ratio (59.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).


Share Price vs Fair Value

What is the Fair Price of FOCS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FOCS ($35.68) is trading above our estimate of fair value ($0.73)

Significantly Below Fair Value: FOCS is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: FOCS is poor value based on its PEG Ratio (2.9x)


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Future Growth

How is Focus Financial Partners forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOCS's forecast earnings growth (20.7% per year) is above the savings rate (1.9%).

Earnings vs Market: FOCS's earnings (20.7% per year) are forecast to grow faster than the US market (13.8% per year).

High Growth Earnings: FOCS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FOCS's revenue (13.2% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: FOCS's revenue (13.2% 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 FOCS's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Focus Financial Partners performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


84.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FOCS has a large one-off loss of $77.5M impacting its March 31 2022 financial results.

Growing Profit Margin: FOCS's current net profit margins (2%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: FOCS has become profitable over the past 5 years, growing earnings by 84% per year.

Accelerating Growth: FOCS's earnings growth over the past year (396.6%) exceeds its 5-year average (84% per year).

Earnings vs Industry: FOCS earnings growth over the past year (396.6%) exceeded the Capital Markets industry 80.5%.


Return on Equity

High ROE: FOCS's Return on Equity (5.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Focus Financial Partners's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FOCS's short term assets ($688.2M) exceed its short term liabilities ($90.7M).

Long Term Liabilities: FOCS's short term assets ($688.2M) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: FOCS's net debt to equity ratio (176.9%) is considered high.

Reducing Debt: FOCS's debt to equity ratio has reduced from 477.3% to 206.2% over the past 5 years.

Debt Coverage: FOCS's debt is not well covered by operating cash flow (11.3%).

Interest Coverage: FOCS's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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Dividend

What is Focus Financial Partners's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FOCS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FOCS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FOCS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FOCS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FOCS has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Rudy Adolf (58 yo)

7.42yrs

Tenure

US$11,911,818

Compensation

Mr. Ruediger Adolf, also known as Rudy, has been the Chief Executive Officer, Chairman and Director of Focus Financial Partners Inc. since its formation in 2015. Mr. Adolf founded Focus Financial Partners,...


CEO Compensation Analysis

Compensation vs Market: Rudy's total compensation ($USD11.91M) is above average for companies of similar size in the US market ($USD6.87M).

Compensation vs Earnings: Rudy's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FOCS's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: FOCS's board of directors are considered experienced (3.2 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Focus Financial Partners Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Focus Financial Partners Inc.
  • Ticker: FOCS
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$2.778b
  • Market Cap: US$2.332b
  • Shares outstanding: 77.48m
  • Website: https://focusfinancialpartners.com

Number of Employees


Location

  • Focus Financial Partners Inc.
  • 875 Third Avenue
  • 28th Floor
  • New York
  • New York
  • 10022-6220
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.