Financials BrightSphere Investment Group Inc.

Equities

BSIG

US10948W1036

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
22.61 ^USD	-1.52%		-1.70%	+18.01%

Apr. 10	RBC Raises Brightsphere Investment's Price Target to $25 From $24, Keeps Outperform Rating	MT
Feb. 15	Brightsphere Investment Group Insider Sold Shares Worth $2,280,361, According to a Recent SEC Filing	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	880	1,540	1,159	852.7	795.3	856	-	-
Enterprise Value (EV) ¹	1,338	1,533	1,302	1,018	922.4	1,015	1,007	994.1
P/E ratio	-	-	-	-	-	-	-	-
Yield	3.91%	0.21%	0.16%	0.19%	0.21%	0.18%	0.18%	0.18%
Capitalization / Revenue	1.08 x	2.17 x	2.13 x	2.04 x	1.87 x	1.87 x	1.73 x	1.68 x
EV / Revenue	1.65 x	2.15 x	2.39 x	2.44 x	2.17 x	2.22 x	2.03 x	1.95 x
EV / EBITDA	5.37 x	6.59 x	5.93 x	6.78 x	6.89 x	7.14 x	6.48 x	6.13 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	13.6 x	5.08 x	-66 x	-39.4 x	19.8 x	70.7 x	25.4 x	16.4 x
Nbr of stocks (in thousands)	86,108	79,885	45,269	41,434	41,508	37,858	-	-
Reference price ²	10.22	19.28	25.60	20.58	19.16	22.61	22.61	22.61
Announcement Date	2/6/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	811.3	711.3	545	417.2	424.6	457.8	495.1	508.6
EBITDA ¹	249	232.4	219.6	150.1	133.8	142	155.5	162.1
EBIT ¹	231.8	208.7	195.5	130.1	115.4	124.2	137.4	143.2
Operating Margin	28.57%	29.34%	35.87%	31.18%	27.18%	27.12%	27.75%	28.16%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.4000	0.0400	0.0400	0.0400	0.0400	0.0400	0.0400	0.0400
Announcement Date	2/6/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	117.4	162.9	112.2	95.5	86.8	122.7	91.1	95	107.3	131.2	98.4	104.9	107.6	139.4
EBITDA ¹	-	-	-	-	-	-	-	-	-	51.5	26.4	29.3	29.9	52.3
EBIT ¹	38.4	63.1	36.8	29	21.4	42.9	19.6	19.9	29.3	46.6	22	24.9	25.5	47.9
Operating Margin	32.71%	38.74%	32.8%	30.37%	24.65%	34.96%	21.51%	20.95%	27.31%	35.52%	22.36%	23.74%	23.7%	34.36%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	0.0100	0.0100	0.0100	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/28/21	2/3/22	5/5/22	7/28/22	11/3/22	2/2/23	5/4/23	8/3/23	11/2/23	2/1/24	-	-	-	-

¹USD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	458	-	143	165	127	159	151	138
Net Cash position ¹	-	7.6	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.837 x	-	0.6503 x	1.1 x	0.9499 x	1.117 x	0.9727 x	0.8522 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	192%	78.3%	87.1%	-	245%	322%	435%	261%
ROA (Net income/ Total Assets)	0.11%	0.1%	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.7500	3.800	-0.3900	-0.5200	0.9700	0.3200	0.8900	1.380
Cash Flow per Share	-	1.100	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	2/6/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for BrightSphere Investment Group Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

22.61 USD

Average target price

24 USD

Spread / Average Target

+6.15%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

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Investment Management