Brighthouse Financial, Inc. provides annuity and life insurance products in the United States.
No risks detected for BHF from our risk checks.
Brighthouse Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$44.24|
|52 Week High||US$25.20|
|52 Week Low||US$49.99|
|1 Month Change||-3.39%|
|3 Month Change||1.65%|
|1 Year Change||56.38%|
|3 Year Change||-4.76%|
|5 Year Change||n/a|
|Change since IPO||-28.32%|
Recent News & Updates
Brighthouse Financial: Opaque, With Massive Upside Potential
Brighthouse's financials are hard to analyze due to GAAP accounting and the opacity of the variable annuity business. The company has been a strong compounder of book value in the past. Brighthouse trades at a large discount to book value, and there is considerable insider ownership that aligns management with outside investors.
|BHF||US Insurance||US Market|
Return vs Industry: BHF exceeded the US Insurance industry which returned 35.9% over the past year.
Return vs Market: BHF exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: BHF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BHF's weekly volatility (5%) has been stable over the past year.
About the Company
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.
Is Brighthouse Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BHF ($44.24) is trading below our estimate of fair value ($183.52)
Significantly Below Fair Value: BHF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BHF is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.
PE vs Market: BHF is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BHF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BHF is good value based on its PB Ratio (0.2x) compared to the US Insurance industry average (1.1x).
How is Brighthouse Financial forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: BHF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BHF's is expected to become profitable in the next 3 years.
Revenue vs Market: BHF's revenue (10.6% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: BHF's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BHF's Return on Equity is forecast to be low in 3 years time (9.9%).
How has Brighthouse Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BHF is currently unprofitable.
Growing Profit Margin: BHF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BHF is unprofitable, but has reduced losses over the past 5 years at a rate of 4.1% per year.
Accelerating Growth: Unable to compare BHF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BHF is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (76%).
Return on Equity
High ROE: BHF has a negative Return on Equity (-28.28%), as it is currently unprofitable.
How is Brighthouse Financial's financial position?
Financial Position Analysis
Short Term Liabilities: BHF's short term assets ($25.9B) exceed its short term liabilities ($15.1B).
Long Term Liabilities: BHF's short term assets ($25.9B) do not cover its long term liabilities ($222.6B).
Debt to Equity History and Analysis
Debt Level: BHF's debt to equity ratio (55.7%) is considered high.
Reducing Debt: BHF's debt to equity ratio has reduced from 105.4% to 55.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BHF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BHF is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 26.1% per year.
What is Brighthouse Financial current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BHF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BHF'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 BHF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BHF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BHF's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Steigerwalt (59 yo)
Mr. Eric Thomas Steigerwalt has been the President, Chief Executive Officer and Director at Brighthouse Financial, Inc. since August 2016. Mr. Steigerwalt serves as Chairman, Chief Executive Officer and Pr...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD8.13M) is above average for companies of similar size in the US market ($USD5.27M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Experienced Management: BHF's management team is considered experienced (3.8 years average tenure).
Experienced Board: BHF's board of directors are considered experienced (4.1 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 not been meaningfully diluted in the past year.
Brighthouse Financial, Inc.'s employee growth, exchange listings and data sources
- Name: Brighthouse Financial, Inc.
- Ticker: BHF
- Exchange: NasdaqGS
- Founded: 2016
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$3.677b
- Shares outstanding: 83.11m
- Website: https://www.brighthousefinancial.com
Number of Employees
- Brighthouse Financial, Inc.
- 11225 North Community House Road
- North Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:14|
|End of Day Share Price||2021/09/17 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.