Bright Horizons Family Solutions Inc Stock Research

Market Summary

USD79.28+0.33

Market Closed

0.42%

BFAM Stock Price

BFAM RSI Chart

BFAM Valuation

Market Cap

4.6B

Price/Earnings (Trailing)

56.56

Price/Sales (Trailing)

2.26

EV/EBITDA

30.83

Price/Free Cashflow

38.68

BFAM Price/Sales (Trailing)

BFAM Profitability

Operating Margin

23.69%

EBT Margin

5.55%

Return on Equity

7.46%

Return on Assets

2.12%

Free Cashflow Yield

2.59%

BFAM Fundamentals

BFAM Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

14.45%

Revenue Q/Q

-1.98%

BFAM Earnings

Earnings (TTM)

80.6M

Earnings Y/Y

1.97%

Earnings Q/Q

-1.13%

Price Action

52 Week Range

54.19140.02

(Low)(High)

Last 7 days

-5.6%

Last 30 days

5.8%

Last 90 days

21.8%

Trailing 12 Months

-40.6%

BFAM Financial Health

Current Ratio

0.44

Debt/Equity

0.91

Debt/Cashflow

0.19

BFAM Investor Care

Buy Backs (1Y)

2.99%

Diluted EPS (TTM)

1.37

Peers (Alternatives to Bright Horizons Family Solutions)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	198.8B	23.2B	0.05%	16.44%	32.19	8.58	-0.17%	-18.13%
SBUX	115.3B	32.9B	-8.46%	21.74%	34.73	3.5	8.41%	-24.41%
MGM	15.9B	13.1B	-6.98%	2.39%	10.8	1.21	35.61%	17.44%
MID-CAP
SCI	10.1B	4.1B	-9.28%	3.97%	17.85	2.46	-0.83%	-29.59%
HRB	6.7B	3.5B	-12.48%	35.87%	12.03	1.92	-	-
BFAM	4.6B	2.0B	5.76%	-40.61%	56.56	2.26	15.11%	14.45%
LOPE	3.4B	911.3M	-6.24%	17.06%	18.54	3.76	1.64%	-29.07%
GHC	2.8B	3.9B	-16.96%	-4.84%	41.26	0.71	23.18%	-80.95%
STRA	2.1B	1.1B	-10.08%	41.71%	45.24	1.98	-5.85%	-15.28%
CHGG	2.1B	766.9M	-4.27%	-47.65%	7.8	2.71	-1.21%	18387.93%
SMALL-CAP
LRN	1.7B	1.8B	-7.38%	21.46%	17.22	0.97	10.07%	40.67%
ATGE	1.7B	1.4B	-10.61%	37.39%	4.39	1.17	29.69%	6022.49%
PRDO	898.1M	695.2M	-8.22%	18.95%	9.37	1.29	0.31%	-12.56%
APEI	84.1M	606.3M	-64.04%	-79.48%	-0.73	0.14	44.78%	-747.77%

Financials for Bright Horizons Family Solutions

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.4%	2,020	1,954	1,874	1,825	1,755
Cost Of Revenue	4.3%	1,542	1,479	1,407	1,381	1,340
Gross Profit	0.8%	479	475	466	444	415
S&GA Expenses	-0.8%	289	291	278	268	257
EBITDA	0.1%	179	179	191	183	-
EBITDA Margin	-3.2%	0.09*	0.09*	0.10*	0.10*	-
Earnings Before Taxes	2.2%	112	110	119	110	90.00
EBT Margin	-1.2%	0.06*	0.06*	0.06*	0.06*	-
Interest Expenses	-12.7%	-39.49	-35.04	-32.49	-34.13	-36.10
Net Income	0.4%	81.00	80.00	89.00	83.00	70.00
Net Income Margin	-2.9%	0.04*	0.04*	0.05*	0.05*	-
Free Cahsflow	8.6%	118	109	162	160	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.2%	3,799	3,716	3,525	3,594	3,640
Current Assets	14.8%	348	303	517	521	540
Cash Equivalents	11.1%	36.00	33.00	270	257	261
Net PPE	1.8%	571	561	558	583	598
Goodwill	509.5%	1,728	283	283	1,470	1,482
Liabilities	-0.1%	2,718	2,722	2,406	2,422	2,461
Current Liabilities	14.0%	786	690	599	599	622
Long Term Debt	-0.4%	988	992	-	-	-
LT Debt, Current	0%	16.00	16.00	16.00	16.00	16.00
LT Debt, Non Current	-0.4%	962	965	969	973	976
Shareholder's Equity	8.7%	1,080	994	1,119	1,173	1,179
Retained Earnings	3.4%	552	534	515	490	471
Additional Paid-In Capital	1.5%	599	591	681	718	746
Accumulated Depreciation	-	533	-	-	-	-
Shares Outstanding	0.1%	58.00	58.00	59.00	59.00	59.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	9.0%	188	173	217	218	227
Share Based Compensation	1.8%	28.00	28.00	26.00	24.00	23.00
Cashflow From Investing	9.0%	-278	-305	-102	-104	-117
Cashflow From Financing	47.6%	-121	-231	-262	-296	-230
Buy Backs	-37.9%	183	294	216	254	214

Risks for BFAM

What is the probability of a big loss on BFAM?

60.8%

Probability that Bright Horizons Family Solutions stock will be more than 20% underwater in next one year

45%

Probability that Bright Horizons Family Solutions stock will be more than 30% underwater in next one year.

36.9%

Probability that Bright Horizons Family Solutions stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BFAM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Bright Horizons Family Solutions was unfortunately bought at previous high price.

Drawdowns

Returns for BFAM

Cumulative Returns on BFAM

9.4%

10-Year Cumulative Returns

2.8%

7-Year Cumulative Returns

-4.8%

5-Year Cumulative Returns

-14.2%

3-Year Cumulative Returns

What are the long-term rolling returns for BFAM?

FIve years rolling returns for Bright Horizons Family Solutions.

Annualized Returns

Which funds bought or sold BFAM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	34,835	409,835	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-65.17	-9,000	6,000	-%
2023-02-28	Voya Investment Management LLC	added	0.05	65,913	759,913	-%
2023-02-24	SRS Capital Advisors, Inc.	added	33.58	3,547	11,547	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-109,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	new	-	947	947	-%
2023-02-17	TRUIST FINANCIAL CORP	added	21.19	1,041,750	4,232,750	0.01%
2023-02-16	HARBOUR INVESTMENTS, INC.	added	47.62	-44.00	1,956	-%
2023-02-15	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-1.73	141,000	2,011,000	0.01%
2023-02-15	Front Row Advisors LLC	added	13.51	1,000	3,000	-%

Latest Funds Activity

Are funds buying BFAM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BFAM

No. of Funds

Bright Horizons Family Solutions News

Schedule 13G FIlings of Bright Horizons Family Solutions

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	t. rowe price investment management, inc.	8.9%	5,146,363	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	8.6%	4,977,274	SC 13G/A
Feb 09, 2023	brown advisory inc	5.3%	3,039,045	SC 13G
Feb 09, 2023	vanguard group inc	9.09%	5,246,663	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	7.9%	4,543,645	SC 13G
Jan 18, 2023	jpmorgan chase & co	5.5%	3,179,832	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	13.9%	8,400,224	SC 13G/A
Feb 11, 2022	capital world investors	1.0%	633,699	SC 13G/A
Feb 09, 2022	blackrock inc.	4.9%	2,951,540	SC 13G/A
Feb 09, 2022	vanguard group inc	8.90%	5,371,341	SC 13G/A

BFAM Fair Value

Bright Horizons Family Solutions fair value in different scenarios

The table shows the Fair Value estimates for Bright Horizons Family Solutions for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	20.66 -73.94%	24.48 -69.12%	39.00 -50.81%	57.11 -27.96%	67.28 -15.14%
Current Inflation	19.44 -75.48%	22.76 -71.29%	35.09 -55.74%	50.42 -36.40%	58.91 -25.69%
Very High Inflation	17.89 -77.43%	20.63 -73.98%	30.45 -61.59%	42.63 -46.23%	49.25 -37.88%

Historical Bright Horizons Family Solutions Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Bright Horizons Family Solutions

View All Filings

Date Filed	Form Type	Document
Feb 28, 2023	10-K	Annual Report
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 28, 2023	4	Insider Trading
Feb 24, 2023	3	Insider Trading
Feb 17, 2023	8-K	Current Report

Latest Insider Trading transactions for BFAM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-24	Burke Mary Lou	acquired	-	-	7,052	coo north america center ops
2023-02-24	Janoff Jason	acquired	-	-	3,206	chief accounting officer
2023-02-24	BOLAND ELIZABETH J	acquired	-	-	7,052	chief financial officer
2023-02-24	Casagrande John Guy	acquired	-	-	3,847	general counsel and secretary
2023-02-24	Marshall Rosamund	acquired	-	-	4,808	managing director - intl.
2023-02-24	Kramer Stephen Howard	acquired	-	-	22,439	ceo & president
2023-02-24	Berman Mandy	acquired	-	-	7,052	coo back-up and emerging care
2023-01-12	Burke Mary Lou	acquired	434,115	63.19	6,870	coo north america center ops
2023-01-12	Burke Mary Lou	sold (taxes)	-458,985	73.52	-6,243	coo north america center ops
2022-12-12	Janoff Jason	acquired	-	-	737	chief accounting officer

About Bright Horizons Family Solutions

BFAM Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 2,020,487	$ 1,755,307	$ 1,515,093
Cost of services	1,541,834	1,340,296	1,210,544
Gross profit	478,653	415,011	304,549
Selling, general and administrative expenses	289,156	256,821	219,563
Amortization of intangible assets	31,912	29,172	31,652
Income from operations	157,585	129,018	53,334
Loss on foreign currency forward contracts	(5,917)	0	0
Loss on extinguishment of debt	0	(2,571)	0
Interest expense — net	(39,486)	(36,099)	(37,682)
Income before income tax	112,182	90,348	15,652
Income tax benefit (expense)	(31,541)	(19,889)	11,340
Net income	$ 80,641	$ 70,459	$ 26,992
Earnings per common share:
Common stock — basic (in dollars per share)	$ 1.38	$ 1.16	$ 0.45
Common stock — diluted (in dollars per share)	$ 1.37	$ 1.15	$ 0.45
Weighted average common shares outstanding:
Common stock—basic (in shares)	58,344,817	60,312,690	59,533,104
Common stock—diluted (in shares)	58,490,652	60,871,399	60,309,985
Cost, Product and Service [Extensible List]	Service [Member]	Service [Member]	Service [Member]

BFAM Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 36,224	$ 260,980
Accounts receivable — net of allowance for credit losses of $2,947 and $3,006 at December 31, 2022 and 2021, respectively	217,170	210,971
Prepaid expenses and other current assets	94,316	68,320
Total current assets	347,710	540,271
Fixed assets — net	571,471	598,134
Goodwill	1,727,852	1,481,725
Other intangible assets — net	245,574	251,032
Operating lease right-of-use assets	801,626	696,425
Other assets	104,636	72,460
Total assets	3,798,869	3,640,047
Current liabilities:
Current portion of long-term debt	16,000	16,000
Borrowings under revolving credit facility	84,000	0
Accounts payable and accrued expenses	230,634	197,366
Current portion of operating lease liabilities	94,092	87,341
Deferred revenue	222,994	258,438
Other current liabilities	138,574	63,030
Total current liabilities	786,294	622,175
Long-term debt — net	961,581	976,396
Operating lease liabilities	810,403	703,911
Other long-term liabilities	100,466	100,091
Deferred revenue	8,933	9,689
Deferred income taxes	50,739	48,509
Total liabilities	2,718,416	2,460,771
Commitments and contingencies (Note 20)
Stockholders’ equity:
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at December 31, 2022 and 2021	0	0
Common stock, $0.001 par value; 475,000,000 shares authorized; 57,531,130 and 59,305,160 shares issued and outstanding at December 31, 2022 and 2021, respectively	58	59
Additional paid-in capital	599,422	745,615
Accumulated other comprehensive loss	(70,629)	(37,359)
Retained earnings	551,602	470,961
Total stockholders’ equity	1,080,453	1,179,276
Total liabilities and stockholders’ equity	$ 3,798,869	$ 3,640,047