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BSIG

BrightSphere Investment Group NYSE:BSIG Stock Report

Last Price

US$19.10

Market Cap

US$791.4m

7D

1.3%

1Y

-28.4%

Updated

10 Aug, 2022

Data

Company Financials +
BSIG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends0/6

BSIG Stock Overview

BrightSphere Investment Group Inc. is a publically owned asset management holding company.

BrightSphere Investment Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BrightSphere Investment Group
Historical stock prices
Current Share PriceUS$19.10
52 Week HighUS$31.17
52 Week LowUS$16.62
Beta1.66
1 Month Change10.47%
3 Month Change-1.95%
1 Year Change-28.36%
3 Year Change123.92%
5 Year Change39.21%
Change since IPO37.71%

Recent News & Updates

Shareholder Returns

BSIGUS Capital MarketsUS Market
7D1.3%3.4%1.2%
1Y-28.4%-16.0%-11.6%

Return vs Industry: BSIG underperformed the US Capital Markets industry which returned -17.9% over the past year.

Return vs Market: BSIG underperformed the US Market which returned -13.5% over the past year.

Price Volatility

Is BSIG's price volatile compared to industry and market?
BSIG volatility
BSIG Average Weekly Movement4.2%
Capital Markets Industry Average Movement0.5%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: BSIG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BSIG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198024Suren Ranahttps://www.bsig.com

BrightSphere Investment Group Inc. is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries.

BrightSphere Investment Group Fundamentals Summary

How do BrightSphere Investment Group's earnings and revenue compare to its market cap?
BSIG fundamental statistics
Market CapUS$791.39m
Earnings (TTM)US$137.20m
Revenue (TTM)US$483.40m

5.8x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSIG income statement (TTM)
RevenueUS$483.40m
Cost of RevenueUS$232.20m
Gross ProfitUS$251.20m
Other ExpensesUS$114.00m
EarningsUS$137.20m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.31
Gross Margin51.97%
Net Profit Margin28.38%
Debt/Equity Ratio-455.4%

How did BSIG perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

2%

Payout Ratio

Does BSIG pay a reliable dividends?

See BSIG dividend history and benchmarks
When do you need to buy BSIG by to receive an upcoming dividend?
BrightSphere Investment Group dividend dates
Ex Dividend DateSep 15 2022
Dividend Pay DateSep 30 2022
Days until Ex dividend34 days
Days until Dividend pay date49 days

Does BSIG pay a reliable dividends?

See BSIG dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BSIG 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/Revenue2.3x
Enterprise Value/EBITDA5.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

BSIG PE Ratio vs Peers
The above table shows the PE ratio for BSIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.4x
ETAC E.Merge Technology Acquisition
52.7xn/aUS$765.0m
FVIV Fortress Value Acquisition IV
37.6xn/aUS$798.1m
BOAC Bluescape Opportunities Acquisition
14.8xn/aUS$755.6m
EOCW Elliott Opportunity II
48.6xn/aUS$745.1m
BSIG BrightSphere Investment Group
5.8xn/aUS$791.4m

Price-To-Earnings vs Peers: BSIG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (38.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BSIG is good value based on its Price-To-Earnings Ratio (5.8x) compared to the US Capital Markets industry average (30.7x)


Price to Earnings Ratio vs Fair Ratio

What is BSIG'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.

BSIG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BSIG's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: BSIG ($19.1) is trading above our estimate of fair value ($5.4)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is BrightSphere Investment Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BSIG's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if BSIG's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if BSIG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BSIG's revenue is expected to decline over the next 3 years (-4.8% per year).

High Growth Revenue: BSIG's revenue is forecast to decline over the next 3 years (-4.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BSIG's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has BrightSphere Investment Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BSIG has a high level of non-cash earnings.

Growing Profit Margin: BSIG's current net profit margins (28.4%) are lower than last year (39.2%).


Past Earnings Growth Analysis

Earnings Trend: BSIG's earnings have grown by 16.9% per year over the past 5 years.

Accelerating Growth: BSIG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSIG had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Capital Markets industry average (53.4%).


Return on Equity

High ROE: BSIG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


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Financial Health

How is BrightSphere Investment Group's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BSIG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BSIG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BSIG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BSIG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: BSIG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BSIG's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


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Dividend

What is BrightSphere Investment Group 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

  • Cash Flow Coverage


0.21%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 11 2022Ex Dividend DateSep 15 2022Dividend Pay DateSep 30 202215 days from Ex DividendBuy in the next 34 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BSIG's dividend (0.21%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: BSIG's dividend (0.21%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

Stable Dividend: BSIG is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: BSIG is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: BSIG is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: BSIG is paying a dividend but the company has no free cash flows.


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Management

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

2.3yrs

Average management tenure


CEO

Suren Rana (42 yo)

2.33yrs

Tenure

US$12,700,000

Compensation

Mr. Suren S. Rana serves as Chief Executive Officer, President and Director at BrightSphere Investment Group Inc. since April 15, 2020. Mr. Rana served as Chief Financial Officer of BrightSphere Investment...


CEO Compensation Analysis

Compensation vs Market: Suren's total compensation ($USD12.70M) is above average for companies of similar size in the US market ($USD3.93M).

Compensation vs Earnings: Suren's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: BSIG's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: BSIG's board of directors are considered experienced (3.8 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

BrightSphere Investment Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BrightSphere Investment Group Inc.
  • Ticker: BSIG
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$791.387m
  • Shares outstanding: 41.43m
  • Website: https://www.bsig.com

Number of Employees


Location

  • BrightSphere Investment Group Inc.
  • 200 Clarendon Street
  • 53rd Floor
  • Boston
  • Massachusetts
  • 2116
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/06/30
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.