BrightSphere Investment Group
Market Cap
US$1.4b
Last Updated
2021/02/28 23:05 UTC
Data Sources
Company Financials +
Executive Summary
BrightSphere Investment Group Inc. is a publically owned asset management holding company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has BrightSphere Investment Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BSIG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BSIG's weekly volatility has decreased from 11% to 6% over the past year.
Market Performance
7 Day Return
-5.6%
BSIG
-2.6%
US Capital Markets
-3.6%
US Market
1 Year Return
93.6%
BSIG
38.2%
US Capital Markets
36.5%
US Market
Return vs Industry: BSIG exceeded the US Capital Markets industry which returned 38.1% over the past year.
Return vs Market: BSIG exceeded the US Market which returned 36.4% over the past year.
Shareholder returns
| BSIG | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.6% | -2.6% | -3.6% |
| 30 Day | -1.3% | 8.2% | 2.7% |
| 90 Day | 2.3% | 16.2% | 7.5% |
| 1 Year | 94.0%93.6% | 41.5%38.2% | 39.5%36.5% |
| 3 Year | 30.1%20.5% | 39.5%29.2% | 53.5%43.6% |
| 5 Year | 71.1%51.1% | 140.6%110.9% | 117.5%93.2% |
Long-Term Price Volatility Vs. Market
How volatile is BrightSphere Investment Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Did You Miss BrightSphere Investment Group's (NYSE:BSIG) 88% Share Price Gain?4 months ago | Simply Wall St
Need To Know: BrightSphere Investment Group Inc. (NYSE:BSIG) Insiders Have Been Buying Shares5 months ago | Simply Wall St
If You Had Bought BrightSphere Investment Group (NYSE:BSIG) Stock A Year Ago, You Could Pocket A 29% Gain TodayValuation
Is BrightSphere Investment Group undervalued compared to its fair value and its price relative to the market?
9.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BSIG ($18.1) is trading above our estimate of fair value ($11.85)
Significantly Below Fair Value: BSIG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BSIG is good value based on its PE Ratio (9.6x) compared to the US Capital Markets industry average (23.5x).
PE vs Market: BSIG is good value based on its PE Ratio (9.6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BSIG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BSIG is good value based on its PB Ratio (13x) compared to the US Capital Markets industry average (14.4x).
Next Steps
Future Growth
How is BrightSphere Investment Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
3.8%
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 (2%).
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 earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BSIG's revenue (3.8% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: BSIG's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BSIG's Return on Equity is forecast to be high in 3 years time (28.9%)
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Past Performance
How has BrightSphere Investment Group performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSIG has a large one-off loss of $67.1M impacting its September 30 2020 financial results.
Growing Profit Margin: BSIG's current net profit margins (21.1%) are lower than last year (21.9%).
Past Earnings Growth Analysis
Earnings Trend: BSIG's earnings have grown by 8.8% 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 (-12.8%) over the past year, making it difficult to compare to the Capital Markets industry average (9%).
Return on Equity
High ROE: Whilst BSIG's Return on Equity (67.91%) is outstanding, this metric is skewed due to their high level of debt.
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Financial Health
How is BrightSphere Investment Group's financial position?
Financial Position Analysis
Short Term Liabilities: BSIG's short term assets ($522.0M) exceed its short term liabilities ($248.1M).
Long Term Liabilities: BSIG's short term assets ($522.0M) do not cover its long term liabilities ($897.7M).
Debt to Equity History and Analysis
Debt Level: BSIG's debt to equity ratio (174.7%) is considered high.
Reducing Debt: BSIG's debt to equity ratio has increased from 56.3% to 174.7% over the past 5 years.
Debt Coverage: BSIG's debt is well covered by operating cash flow (28.9%).
Interest Coverage: BSIG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is BrightSphere Investment Group current dividend yield, its reliability and sustainability?
0.22%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BSIG's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BSIG's dividend (0.22%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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.
Current Payout to Shareholders
Dividend Coverage: BSIG is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BSIG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Suren Rana (40 yo)
0.83
Tenure
US$6,010,800
Compensation
Mr. Suren S. Rana serves as Chief Executive Officer, President and Director at BrightSphere Investment Group Inc. since April 15, 2020. Mr. Rana served as Chief Financial Officer of BrightSphere Investment...
CEO Compensation Analysis
Compensation vs Market: Suren's total compensation ($USD6.01M) is above average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Insufficient data to compare Suren's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.83yr | US$6.01m | no data | |
| Principal Financial & Accounting Officer | 0.83yr | no data | 0.0033% $ 47.9k | |
| Chief Legal Officer & Secretary | no data | no data | 0.028% $ 403.0k | |
| Head of Human Resources | no data | no data | no data | |
| Head of Institutional Business of United Kingdom & Ireland | 5.67yrs | no data | no data | |
| Head of International Business | no data | no data | no data | |
| Senior VP and Director of Subadvisory & Institutional Retirement | 5.67yrs | no data | no data | |
| Head of Information Technology | no data | no data | no data | |
| Managing Director of Strategic Development | no data | no data | no data |
3.3yrs
Average Tenure
40yo
Average Age
Experienced Management: BSIG's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.83yr | US$6.01m | no data | |
| Independent Chairman of the Board | 0.83yr | no data | no data | |
| Lead Independent Director | 2.25yrs | US$239.67k | 0.048% $ 690.6k | |
| Independent Director | 3.08yrs | US$220.00k | 0.022% $ 316.4k | |
| Independent Director | 1.58yrs | no data | no data |
1.6yrs
Average Tenure
54yo
Average Age
Experienced Board: BSIG's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BSIG insiders have only sold shares 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 company bio, 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
- Market Cap: US$1.446b
- Shares outstanding: 79.89m
- Website: https://www.bsig.com
Number of Employees
Location
- BrightSphere Investment Group Inc.
- 200 Clarendon Street
- 53rd Floor
- Boston
- Massachusetts
- 2116
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSIG | NYSE (New York Stock Exchange) | Yes | Ordinary Shares | US | USD | Oct 2014 |
| 2B9 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2014 |
Biography
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 thro...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:05 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.