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Broadridge Financial Solutions

NYSE:BR
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BR
NYSE
$12B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry worldwide. The last earnings update was 42 days ago. More info.


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BR Share Price and Events
7 Day Returns
-1.8%
NYSE:BR
1.7%
US IT
1.2%
US Market
1 Year Returns
-4.3%
NYSE:BR
15.5%
US IT
3%
US Market
BR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Broadridge Financial Solutions (BR) -1.8% 1.9% 8.3% -4.3% 78.6% 180.2%
US IT 1.7% 4.9% 22.3% 15.5% 80.2% 94.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • BR underperformed the IT industry which returned 15.5% over the past year.
  • BR underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
BR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Broadridge Financial Solutions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Broadridge Financial Solutions to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Broadridge Financial Solutions.

NYSE:BR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:BR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 21%) (10.14%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.1 * 5.96%)
9.29%

Discounted Cash Flow Calculation for NYSE:BR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Broadridge Financial Solutions is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:BR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.29%)
2019 645.83 Analyst x4 590.95
2020 699.30 Analyst x3 585.51
2021 749.35 Analyst x2 574.09
2022 887.00 Analyst x1 621.81
2023 938.00 Analyst x1 601.68
2024 982.40 Est @ 4.73% 576.62
2025 1,023.00 Est @ 4.13% 549.43
2026 1,060.98 Est @ 3.71% 521.40
2027 1,097.23 Est @ 3.42% 493.40
2028 1,132.47 Est @ 3.21% 465.97
Present value of next 10 years cash flows $5,580.85
NYSE:BR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,132.47 × (1 + 2.73%) ÷ (9.29% – 2.73%)
$17,743.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $17,743.70 ÷ (1 + 9.29%)10
$7,300.87
NYSE:BR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,580.85 + $7,300.87
$12,881.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12,881.72 / 115.68
$111.36
NYSE:BR Discount to Share Price
Calculation Result
Value per share (USD) From above. $111.36
Current discount Discount to share price of $101.76
= -1 x ($101.76 - $111.36) / $111.36
8.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Broadridge Financial Solutions is available for.
Intrinsic value
9%
Share price is $101.76 vs Future cash flow value of $111.36
Current Discount Checks
For Broadridge Financial Solutions to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Broadridge Financial Solutions's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Broadridge Financial Solutions's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Broadridge Financial Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Broadridge Financial Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.79
NYSE:BR Share Price ** NYSE (2019-03-20) in USD $101.76
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.36x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Broadridge Financial Solutions.

NYSE:BR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BR Share Price ÷ EPS (both in USD)

= 101.76 ÷ 3.79

26.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Broadridge Financial Solutions is good value based on earnings compared to the US IT industry average.
  • Broadridge Financial Solutions is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Broadridge Financial Solutions's expected growth come at a high price?
Raw Data
NYSE:BR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
10.6%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.42x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:BR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.84x ÷ 10.6%

2.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Broadridge Financial Solutions is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Broadridge Financial Solutions's assets?
Raw Data
NYSE:BR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $9.70
NYSE:BR Share Price * NYSE (2019-03-20) in USD $101.76
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.43x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:BR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BR Share Price ÷ Book Value per Share (both in USD)

= 101.76 ÷ 9.70

10.49x

* Primary Listing of Broadridge Financial Solutions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Broadridge Financial Solutions is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess Broadridge Financial Solutions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Broadridge Financial Solutions has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Broadridge Financial Solutions expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Broadridge Financial Solutions expected to grow at an attractive rate?
  • Broadridge Financial Solutions's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Broadridge Financial Solutions's earnings growth is positive but not above the United States of America market average.
  • Broadridge Financial Solutions's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 10.6%
NYSE:BR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.5%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:BR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 5,289 1
2022-06-30 5,070 1
2021-06-30 4,912 908 586 6
2020-06-30 4,683 790 528 8
2019-06-30 4,466 696 481 8
NYSE:BR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,319 634 443
2018-09-30 4,378 691 455
2018-06-30 4,330 694 428
2018-03-31 4,355 629 408
2017-12-31 4,292 663 375
2017-09-30 4,172 510 343
2017-06-30 4,143 516 327
2017-03-31 3,771 439 310
2016-12-31 3,451 390 298
2016-09-30 3,198 375 308
2016-06-30 2,897 438 308
2016-03-31 2,852 436 303

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Broadridge Financial Solutions's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Broadridge Financial Solutions's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:BR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Broadridge Financial Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 6.04 6.04 6.04 1.00
2022-06-30 5.50 5.50 5.50 1.00
2021-06-30 5.10 5.34 5.00 4.00
2020-06-30 4.56 4.75 4.42 5.00
2019-06-30 4.07 4.10 4.02 5.00
NYSE:BR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.79
2018-09-30 3.89
2018-06-30 3.66
2018-03-31 3.50
2017-12-31 3.21
2017-09-30 2.92
2017-06-30 2.77
2017-03-31 2.62
2016-12-31 2.51
2016-09-30 2.60
2016-06-30 2.60
2016-03-31 2.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Broadridge Financial Solutions is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Broadridge Financial Solutions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Broadridge Financial Solutions has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Broadridge Financial Solutions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Broadridge Financial Solutions's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Broadridge Financial Solutions's year on year earnings growth rate has been positive over the past 5 years.
  • Broadridge Financial Solutions's 1-year earnings growth exceeds its 5-year average (18% vs 12.1%)
  • Broadridge Financial Solutions's earnings growth has exceeded the US IT industry average in the past year (18% vs 16%).
Earnings and Revenue History
Broadridge Financial Solutions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Broadridge Financial Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,318.50 442.50 599.10
2018-09-30 4,377.90 454.70 585.60
2018-06-30 4,329.90 427.90 565.40
2018-03-31 4,355.30 408.20 518.60
2017-12-31 4,292.30 375.00 505.30
2017-09-30 4,172.10 343.00 503.60
2017-06-30 4,142.60 326.80 501.40
2017-03-31 3,771.30 309.80 480.70
2016-12-31 3,451.20 297.50 456.90
2016-09-30 3,197.60 307.70 435.10
2016-06-30 2,897.00 307.50 420.90
2016-03-31 2,852.10 303.30 412.40
2015-12-31 2,797.50 293.70 403.30
2015-09-30 2,733.10 288.10 400.60
2015-06-30 2,694.20 287.10 399.10
2015-03-31 2,650.50 261.40 410.50
2014-12-31 2,622.60 258.20 410.20
2014-09-30 2,568.60 251.10 394.70
2014-06-30 2,558.00 263.00 378.40
2014-03-31 2,537.20 257.40 349.60
2013-12-31 2,507.60 250.00 336.30
2013-09-30 2,480.20 238.20 327.50
2013-06-30 2,430.80 212.10 323.60
2013-03-31 2,366.00 160.90 317.80
2012-12-31 2,336.30 135.60 310.90
2012-09-30 2,322.90 126.60 308.10
2012-06-30 2,303.50 125.00 302.30
2012-03-31 2,279.30 156.90 285.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Broadridge Financial Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Broadridge Financial Solutions used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • Broadridge Financial Solutions's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Broadridge Financial Solutions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Broadridge Financial Solutions has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Broadridge Financial Solutions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Broadridge Financial Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Broadridge Financial Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Broadridge Financial Solutions's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Broadridge Financial Solutions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Broadridge Financial Solutions Company Filings, last reported 2 months ago.

NYSE:BR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,122.60 1,194.10 250.00
2018-09-30 1,234.00 1,143.70 204.80
2018-06-30 1,094.30 1,053.40 264.00
2018-03-31 1,161.80 1,203.10 352.20
2017-12-31 1,074.00 1,222.70 366.60
2017-09-30 1,037.90 1,292.40 288.90
2017-06-30 1,003.80 1,102.10 271.20
2017-03-31 942.30 1,266.60 269.60
2016-12-31 985.80 1,206.00 235.80
2016-09-30 1,051.30 1,125.90 227.50
2016-06-30 1,045.50 1,015.50 727.80
2016-03-31 902.60 819.50 354.50
2015-12-31 941.50 754.50 305.20
2015-09-30 924.20 734.40 286.40
2015-06-30 927.80 689.40 324.20
2015-03-31 898.70 629.30 310.20
2014-12-31 982.70 524.30 314.20
2014-09-30 971.00 524.20 331.40
2014-06-30 961.70 524.10 347.70
2014-03-31 898.90 524.10 244.50
2013-12-31 857.50 524.10 240.30
2013-09-30 838.00 524.00 183.10
2013-06-30 816.00 524.50 266.00
2013-03-31 771.00 524.50 182.20
2012-12-31 783.40 524.40 259.10
2012-09-30 789.50 524.40 211.80
2012-06-30 850.50 524.40 320.50
2012-03-31 800.80 564.30 218.80
  • Broadridge Financial Solutions's level of debt (106.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (61.1% vs 106.4% today).
  • Debt is well covered by operating cash flow (53.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.5x coverage).
X
Financial health checks
We assess Broadridge Financial Solutions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Broadridge Financial Solutions has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Broadridge Financial Solutions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.91%
Current annual income from Broadridge Financial Solutions dividends. Estimated to be 2.02% next year.
If you bought $2,000 of Broadridge Financial Solutions shares you are expected to receive $38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Broadridge Financial Solutions's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Broadridge Financial Solutions's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:BR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:BR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 2.19 4.00
2020-06-30 2.09 5.00
2019-06-30 1.91 5.00
NYSE:BR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-06 1.940 1.932
2018-11-08 1.940 1.944
2018-11-06 1.940 1.811
2018-08-07 1.940 1.529
2018-05-03 1.460 1.258
2018-02-06 1.460 1.397
2017-11-16 1.460 1.589
2017-08-10 1.460 1.796
2017-05-05 1.320 1.767
2017-02-02 1.320 1.928
2016-11-17 1.320 2.004
2016-11-09 1.320 2.137
2016-08-09 1.320 1.962
2016-05-03 1.200 1.855
2016-02-02 1.200 2.096
2015-11-12 1.200 2.251
2015-11-05 1.200 2.107
2015-08-07 1.200 2.160
2015-05-05 1.080 2.037
2015-02-03 1.080 2.027
2014-11-13 1.080 2.350
2014-08-07 1.080 2.571
2014-05-06 0.840 2.070
2014-02-05 0.840 2.254
2013-11-14 0.840 2.206
2013-11-07 0.840 2.335
2013-08-08 0.840 2.635
2013-04-30 0.720 2.651
2013-02-04 0.720 3.044
2012-08-09 0.720 3.093
2012-05-01 0.640 3.039
2012-02-02 0.640 2.675
2011-11-16 0.640 2.823
2011-08-11 0.640 3.049
2011-05-03 0.600 2.618
2011-02-01 0.600 2.662
2010-11-17 0.600 2.717
2010-08-03 0.600 2.779
2010-05-04 0.560 2.780
2010-02-02 0.560 2.549
2009-11-18 0.560 2.490
2009-08-11 0.560 2.668
2009-04-29 0.280 1.627
2009-03-23 0.280 1.462

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Broadridge Financial Solutions's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Broadridge Financial Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Broadridge Financial Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Broadridge Financial Solutions has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Broadridge Financial Solutions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Gokey
COMPENSATION $4,170,907
AGE 56
TENURE AS CEO 0.2 years
CEO Bio

Mr. Timothy C. Gokey, also known as Tim, has been the President and Chief Executive Officer of Broadridge Financial Solutions, Inc. since September 1, 2017 and January 02, 2019, respectively and served as its Chief Operating Officer since September 14, 2012 until January 02, 2019. Mr. Gokey serves as Director of C.H. Robinson Worldwide Inc. Mr. Gokey serves as the President of H&R Block Tax Services LLC. Mr. Gokey served as Corporate Senior Vice President at Broadridge Financial Solutions, Inc. from September 14, 2017 to September 1, 2017 and its Senior Vice President since 2010. He served as the Chief Corporate Development Officer of Broadridge Financial Solutions, Inc. since 2010. He served as the President of US Tax Operations of H&R Block Services, Inc., of H&R Block, Inc. until May 8, 2009. He served as the President of Retail Tax Services of H&R Block, Inc., until June 2004. He was responsible U.S. retail and digital tax operations. He was a Partner with McKinsey & Company, where he led McKinsey's North American Financial Institutions marketing and sales practice as well as the North American CRM practice. Mr. Gokey was employed by McKinsey & Company for nearly 15 years. While with McKinsey, Mr. Gokey led teams working with H&R Block on several initiatives to enhance the long-term prospects of the tax business. He worked with numerous financial services companies on a broad range of strategic projects, including developing new product and sales strategies, upgrading front-line skills for sales forces and redesigning front office activities to improve quality, speed and reliability. He serves as Director of Broadridge Financial Solutions, Inc. since December 12, 2018. He was employed by Farallon Capital Management in Charlotte, N.C. A Rhodes Scholar, Mr. Gokey holds a doctorate in Finance and bachelor's degree in Philosophy, Politics and Economics from Oxford University. He received a joint Bachelor's Arts in Management Engineering and Public Affairs from Princeton University, where he was Phi Beta Kappa.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year.
  • Tim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Broadridge Financial Solutions management team in years:

3.4
Average Tenure
58
Average Age
  • The tenure for the Broadridge Financial Solutions management team is about average.
Management Team

Rich Daly

TITLE
Executive Chairman
COMPENSATION
$11M
AGE
65
TENURE
0.2 yrs

Tim Gokey

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
0.2 yrs

Jim Young

TITLE
Corporate VP & CFO
COMPENSATION
$3M
AGE
47
TENURE
4.8 yrs

Chris Perry

TITLE
Corporate Senior Vice President of Global Sales
COMPENSATION
$3M
AGE
56

Bob Schifellite

TITLE
Corporate Senior Vice President of Investor Communication Solutions
COMPENSATION
$3M
AGE
60
TENURE
8.2 yrs

John Hogan

TITLE
Senior Managing Director of Technology
COMPENSATION
$3M
AGE
70

W. Thibault

TITLE
Head of Corporate FP&A & Investor Relations

Adam Amsterdam

TITLE
Corporate VP
AGE
57
TENURE
12 yrs

Laura Matlin

TITLE
Corporate VP
AGE
59
TENURE
2 yrs

Gregg Rosenberg

TITLE
Head of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Broadridge Financial Solutions board of directors in years:

4.9
Average Tenure
65.5
Average Age
  • The tenure for the Broadridge Financial Solutions board of directors is about average.
Board of Directors

Tim Gokey

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
0.3 yrs

Alan Weber

TITLE
Independent Director
COMPENSATION
$292K
AGE
69
TENURE
12 yrs

Rich Daly

TITLE
Executive Chairman
COMPENSATION
$11M
AGE
65
TENURE
0.2 yrs

Stuart Levine

TITLE
Independent Director
COMPENSATION
$292K
AGE
71
TENURE
12 yrs

Pam Carter

TITLE
Independent Director
COMPENSATION
$227K
AGE
68
TENURE
1.3 yrs

Les Brun

TITLE
Lead Independent Director
COMPENSATION
$377K
AGE
66
TENURE
0.2 yrs

Robert Duelks

TITLE
Independent Director
COMPENSATION
$277K
AGE
63
TENURE
9.3 yrs

Thomas Perna

TITLE
Independent Director
COMPENSATION
$265K
AGE
68
TENURE
9.3 yrs

Maura Markus

TITLE
Independent Director
COMPENSATION
$269K
AGE
60
TENURE
6 yrs

Brett Keller

TITLE
Independent Director
COMPENSATION
$255K
AGE
50
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Jun 18 Sell Adam Amsterdam Individual 05. Jun 18 05. Jun 18 -10,000 $117.97 $-1,179,715
25. May 18 Sell Christopher Perry Individual 25. May 18 25. May 18 -10,000 $116.91 $-1,169,074
21. May 18 Sell Timothy Gokey Individual 21. May 18 21. May 18 -887 $115.21 $-102,194
14. May 18 Sell Laura Matlin Individual 11. May 18 11. May 18 -1,940 $118.06 $-228,918
14. May 18 Sell Robert Kalenka Individual 11. May 18 11. May 18 -3,214 $117.45 $-377,488
14. May 18 Sell Michael Liberatore Individual 11. May 18 11. May 18 -4,294 $117.45 $-504,328
14. May 18 Sell Douglas DeSchutter Individual 10. May 18 10. May 18 -8,133 $116.68 $-948,968
10. May 18 Sell Robert Schifellite Individual 10. May 18 10. May 18 -14,889 $116.38 $-1,732,801
10. May 18 Sell Julie Taylor Individual 10. May 18 10. May 18 -1,197 $114.73 $-137,332
X
Management checks
We assess Broadridge Financial Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Broadridge Financial Solutions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Broadridge Financial Solutions, Inc.'s (NYSE:BR) 18% Earnings Growth Reflect The Long-Term Trend?

Below, I will assess Broadridge Financial Solutions, Inc.'s (NYSE:BR) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … View our latest analysis for Broadridge Financial Solutions? … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 12%, indicating the rate at which BR is growing has accelerated

Simply Wall St -

Read This Before Considering Broadridge Financial Solutions, Inc. (NYSE:BR) For Its Upcoming US$0.48 Dividend

If you are interested in cashing in on Broadridge Financial Solutions, Inc.'s (NYSE:BR) upcoming dividend of US$0.48 per share, you only have 4 days left to buy the shares before its ex-dividend date, 14 March 2019, in time for dividends payable on the 03 April 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Broadridge Financial Solutions's latest financial data to analyse its dividend characteristics. … Based on future earnings growth, will it be able to continue to payout dividend at the current rate

Simply Wall St -

Is Broadridge Financial Solutions's 165% Share Price Increase Well Justified?

By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Broadridge Financial Solutions managed to grow its earnings per share at 13% a year. … This EPS growth is slower than the share price growth of 22% per year, over the same period.

Simply Wall St -

What Kind Of Shareholders Own Broadridge Financial Solutions, Inc. (NYSE:BR)?

Every investor in Broadridge Financial Solutions, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

What Are Analysts Saying About Broadridge Financial Solutions, Inc.'s (NYSE:BR) Future?

Help shape the future of investing tools and you could win a $250 gift card! … analyst consensus outlook appear cautiously subdued, … the higher past 5-year average growth rate of 12%.

Simply Wall St -

What Can We Make Of Broadridge Financial Solutions, Inc.’s (NYSE:BR) High Return On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Broadridge Financial Solutions, Inc. (NYSE:BR): Cash Is King

Two important questions to ask before you buy Broadridge Financial Solutions, Inc. … I’ve analysed below, the health and outlook of Broadridge Financial Solutions’s cash flow, which will help you understand the stock from a cash standpoint. … Broadridge Financial Solutions generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

Why Fundamental Investors Might Love Broadridge Financial Solutions, Inc. (NYSE:BR)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Broadridge Financial Solutions, Inc. … (NYSE:BR) due to its excellent fundamentals in more than one area.

Simply Wall St -

Have Insiders Been Selling Broadridge Financial Solutions, Inc. (NYSE:BR) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Broadridge Financial Solutions, Inc. … The Last 12 Months Of Insider Transactions At Broadridge Financial Solutions. … All up, insiders sold more shares in Broadridge Financial Solutions than they bought, over the last year

Simply Wall St -

Does Broadridge Financial Solutions, Inc.'s (NYSE:BR) Debt Level Pose A Problem?

Investors pursuing a solid, dependable stock investment can often be led to Broadridge Financial Solutions, Inc. … Today we will look at Broadridge Financial Solutions’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Check out our latest analysis for Broadridge Financial Solutions

Simply Wall St -

Company Info

Description

Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry worldwide. The company’s Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution. It also provides registered proxy, registrar, stock transfer, and record-keeping services to corporations; and distributes regulatory reports and corporate action/reorganization event information, and tax reporting solutions. In addition, this segment offers customer communication solutions, including processing and distributing its clients’ transactional, regulatory, and marketing communications through print and digital channels. Further, it provides cloud-based marketing and customer communication tools, as well as customer and account data aggregation and reporting services; and creates sales and educational content, including seminars and a library of financial planning topics, as well as customizable advisor Websites, search engine marketing, and electronic and print newsletters. Additionally, this segment offers mutual fund and retirement, and mutual fund trade processing services. The company’s Global Technology and Operations segment offers middle- and back-office securities processing solutions that include desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliation, securities financing and collateral optimization, compliance and regulatory reporting, and accounting. It also provides international securities processing and managed services. The company was founded in 1962 and is headquartered in Lake Success, New York.

Details
Name: Broadridge Financial Solutions, Inc.
BR
Exchange: NYSE
Founded: 1962
$11,771,675,969
115,680,778
Website: http://www.broadridge.com
Address: Broadridge Financial Solutions, Inc.
5 Dakota Drive,
Suite 300,
Lake Success,
New York, 11042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BR Common Stock New York Stock Exchange US USD 22. Mar 2007
DB 5B9 Common Stock Deutsche Boerse AG DE EUR 22. Mar 2007
LSE 0HPW Common Stock London Stock Exchange GB USD 22. Mar 2007
Number of employees
Current staff
Staff numbers
10,000
Broadridge Financial Solutions employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:09
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/17
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.