Broadridge Financial Solutions Inc Stock Research

Market Summary

USD146.57+1.46

Market Closed

1.01%

BR Alerts

1 major insider sales recently.

BR Stock Price

BR RSI Chart

BR Valuation

Market Cap

17.3B

Price/Earnings (Trailing)

32.39

Price/Sales (Trailing)

2.96

Price/Free Cashflow

40.77

BR Price/Sales (Trailing)

BR Profitability

Return on Equity

29.81%

Return on Assets

6.62%

Free Cashflow Yield

2.45%

BR Fundamentals

BR Revenue

Revenue (TTM)

5.8B

Revenue Y/Y

2.64%

Revenue Q/Q

0.75%

BR Earnings

Earnings (TTM)

532.6M

Earnings Y/Y

21.82%

Earnings Q/Q

14.09%

Price Action

52 Week Range

130.00180.67

(Low)(High)

Last 7 days

4.3%

Last 30 days

5.3%

Last 90 days

9.9%

Trailing 12 Months

-4.0%

BR Financial Health

Current Ratio

1.26

Debt/Equity

1.98

Debt/Cashflow

0.12

BR Investor Care

Dividend Yield

1.86%

Dividend/Share (TTM)

2.73

Shares Dilution (1Y)

0.94%

Diluted EPS (TTM)

4.48

Peers (Alternatives to Broadridge Financial 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
MA	350.7B	22.2B	2.80%	1.98%	35.32	15.77	17.76%	14.31%
ACN	180.1B	62.4B	8.43%	-14.31%	25.54	2.89	16.08%	13.77%
IBM	118.5B	60.5B	2.26%	5.85%	72.31	1.96	5.54%	-71.46%
SQ	40.7B	17.5B	-10.41%	-49.37%	-75.24	2.32	-0.73%	-425.19%
BR	17.3B	5.8B	5.26%	-4.03%	32.39	2.96	8.54%	-1.33%
MID-CAP
WEX	7.9B	2.4B	-5.10%	3.05%	47.54	3.38	27.02%	23.58%
DXC	5.9B	14.8B	-8.09%	-21.67%	8.19	0.4	-10.79%	217.70%
EEFT	5.5B	3.4B	2.25%	-14.02%	24.02	1.65	12.13%	226.60%
WU	4.2B	4.5B	-13.30%	-39.64%	4.57	0.93	-11.74%	13.01%
SMALL-CAP
CNDT	748.9M	3.9B	-12.94%	-33.53%	-4.12	0.19	-6.81%	-550.00%
RPAY	583.0M	279.2M	-18.89%	-55.52%	45.42	2.09	27.35%	125.63%
UEPS	281.1M	417.8M	-	-	-10.38	1.26	224.00%	-66.06%
UIS	263.0M	2.0B	-18.66%	-82.05%	-2.48	0.13	-3.63%	76.37%
USIO	43.7M	69.4M	-4.92%	-51.40%	-7.96	0.63	12.09%	-1604.81%

Financials for Broadridge Financial Solutions

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.6%	5,833	5,800	5,709	5,518	5,374
S&GA Expenses	-1.8%	847	862	832	831	811
Costs and Expenses	-0.1%	5,050	5,055	4,949	4,818	4,681
EBITDA	-	668	-	-	-	-
EBITDA Margin	-	0.12*	-	-	-	-
EBT Margin	-	0.10*	-	-	-	-
Interest Expenses	11.2%	101	91.00	82.00	69.00	66.00
Net Income	2.0%	533	522	539	551	540
Net Income Margin	1.4%	0.09*	0.09*	0.09*	0.10*	-
Free Cahsflow	22.4%	423	346	415	404	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.5%	8,051	8,091	8,169	8,350	8,116
Current Assets	5.0%	1,283	1,222	1,328	1,495	1,267
Cash Equivalents	23.3%	280	227	225	277	281
Inventory	-	29.00	-	-	-	-
Net PPE	-1.2%	143	145	151	165	170
Goodwill	-1.3%	3,388	3,434	3,485	3,578	3,664
Liabilities	1.3%	6,265	6,187	6,250	6,528	6,368
Current Liabilities	2.7%	1,019	992	1,313	1,177	1,088
LT Debt, Non Current	1.0%	4,105	4,064	3,793	4,167	4,157
Shareholder's Equity	-6.2%	1,787	1,904	1,919	1,821	1,748
Retained Earnings	-1.0%	2,761	2,789	2,824	2,651	2,549
Additional Paid-In Capital	1.6%	1,402	1,380	1,345	1,333	1,308
Shares Outstanding	0%	118	118	117	117	117
Float	-	21,192	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	22.0%	457	374	444	437	462
Share Based Compensation	-2.6%	69.00	70.00	68.00	67.00	66.00
Cashflow From Investing	-4.6%	-91.60	-87.60	-110	-2,669	-2,663
Cashflow From Financing	3.3%	-353	-365	-370	2,157	2,114
Dividend Payments	3.6%	310	299	291	283	274
Buy Backs	-5.2%	24.00	25.00	23.00	23.00	22.00

Risks for BR

What is the probability of a big loss on BR?

60.8%

Probability that Broadridge Financial Solutions stock will be more than 20% underwater in next one year

31.5%

Probability that Broadridge Financial Solutions stock will be more than 30% underwater in next one year.

Probability that Broadridge Financial 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 BR drawdown profile look like?

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

Drawdowns

Returns for BR

Cumulative Returns on BR

22.1%

10-Year Cumulative Returns

15.8%

7-Year Cumulative Returns

7.8%

5-Year Cumulative Returns

17.6%

3-Year Cumulative Returns

What are the long-term rolling returns for BR?

FIve years rolling returns for Broadridge Financial Solutions.

Annualized Returns

Which funds bought or sold BR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	sold off	-100	-6,000	-	-%
2023-03-23	ETF MANAGERS GROUP, LLC	added	4.46	-18,527	618,473	0.03%
2023-03-23	MetLife Investment Management, LLC	reduced	-1.63	-439,531	4,683,680	0.04%
2023-03-22	Campion Asset Management	sold off	-100	-203,000	-	-%
2023-03-17	American Portfolios Advisors	added	3.06	29,925	719,724	0.03%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-30.94	-209,542	377,458	0.01%
2023-03-10	MATHER GROUP, LLC.	new	-	441,086	441,086	0.01%
2023-03-10	BAILLIE GIFFORD & CO	reduced	-5.78	-64,949,300	457,285,000	0.48%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-19.37	-2,561,650	7,657,350	0.01%
2023-03-06	Rockefeller Capital Management L.P.	added	1.34	-92,000	1,496,000	0.01%

Latest Funds Activity

Are funds buying BR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BR

No. of Funds

BR Alerts

1 major insider sales recently.

Broadridge Financial Solutions News

Schedule 13G FIlings of Broadridge Financial Solutions

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.12%	14,255,958	SC 13G/A
Feb 08, 2023	morgan stanley	5.6%	6,577,256	SC 13G
Jan 25, 2023	blackrock inc.	9.0%	10,628,720	SC 13G
Feb 09, 2022	vanguard group inc	11.67%	13,606,219	SC 13G/A
Feb 03, 2022	blackrock inc.	8.2%	9,566,678	SC 13G/A
Feb 11, 2021	janus henderson group plc	5.5%	6,354,526	SC 13G/A
Feb 10, 2021	vanguard group inc	11.65%	13,469,527	SC 13G/A
Jan 29, 2021	blackrock inc.	8.2%	9,454,406	SC 13G/A
Feb 13, 2020	janus henderson group plc	5.5%	6,250,226	SC 13G/A
Feb 11, 2020	vanguard group inc	12.46%	14,293,496	SC 13G/A

BR Fair Value

Broadridge Financial Solutions fair value in different scenarios

The table shows the Fair Value estimates for Broadridge Financial 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	67.94 -53.65%	86.59 -40.92%	122.99 -16.09%	160.15 9.27%	190.83 30.20%
Current Inflation	62.17 -57.58%	78.03 -46.76%	108.53 -25.95%	139.42 -4.88%	164.83 12.46%
Very High Inflation	55.07 -62.43%	67.74 -53.78%	91.59 -37.51%	115.50 -21.20%	135.11 -7.82%

Historical Broadridge Financial Solutions Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Broadridge Financial Solutions

View All Filings

Date Filed	Form Type	Document
Mar 02, 2023	8-K	Current Report
Feb 27, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading

Latest Insider Trading transactions for BR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-24	Duelks Robert N	sold	-201,017	141	-1,425	-
2023-01-31	Reese Edmund	acquired	-	-	1,721	corporate vp and cfo
2023-01-31	Reese Edmund	sold (taxes)	-147,804	150	-983	corporate vp and cfo
2023-01-05	BRUN LESLIE A	acquired	-	-	136	-
2023-01-05	Markus Maura A.	acquired	-	-	79.00	-
2023-01-05	KELLER BRETT	acquired	-	-	47.00	-
2023-01-05	Zavery Amit	acquired	-	-	24.00	-
2023-01-05	PERNA THOMAS J	acquired	-	-	95.00	-
2023-01-05	Duelks Robert N	acquired	-	-	95.00	-
2023-01-05	MURRAY EILEEN K	acquired	-	-	3.00	-

About Broadridge Financial Solutions

Timothy C. Gokey

www.broadridge.com

13700

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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions; and provides content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services. This segment offers data and analytics solutions; solutions for public corporations and mutual funds; financial reporting document composition and management solutions; SEC disclosure and filing services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. The company's Global Technology and Operations segment offers 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, reconciliations, securities financing and collateral optimization, compliance and regulatory reporting, and portfolio accounting and custody-related services. It also provides business process outsourcing services; technology solutions, such as portfolio management, compliance, and operational workflow solutions; and capital market and wealth management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.

BR Income Statement

2022-12-31

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 1,292.9	$ 1,259.6	$ 2,576.2	$ 2,452.5
Operating expenses:
Cost of revenues	988.2	978.4	1,978.7	1,892.5
Selling, general and administrative expenses	196.8	212.3	402.1	387.8
Total operating expenses	1,185.0	1,190.7	2,380.8	2,280.3
Operating income	107.9	68.9	195.4	172.1
Interest expense, net	(34.1)	(21.4)	(61.0)	(44.0)
Other non-operating income (expenses), net	(1.9)	4.4	(7.1)	2.0
Earnings before income taxes	71.9	51.9	127.3	130.1
Provision for income taxes	14.4	4.7	19.3	15.7
Net earnings	$ 57.5	$ 47.2	$ 108.0	$ 114.4
Basic earnings per share (in dollars per share)	$ 0.49	$ 0.40	$ 0.92	$ 0.98
Diluted earnings per share (in dollars per share)	$ 0.48	$ 0.40	$ 0.91	$ 0.97
Weighted-average shares outstanding:
Basic (in shares)	117.7	116.6	117.6	116.4
Diluted (in shares)	118.9	118.7	118.9	118.5

BR Balance Sheet

2022-12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 280.0	$ 224.7
Accounts receivable, net of allowance for doubtful accounts of $5.9 and $6.8, respectively	860.2	946.9
Other current assets	142.5	156.8
Total current assets	1,282.7	1,328.4
Property, plant and equipment, net	143.3	150.9
Goodwill	3,388.2	3,484.9
Intangible assets, net	931.2	1,077.1
Deferred client conversion and start-up costs	1,437.9	1,232.3
Other non-current assets	867.9	895.3
Total assets	8,051.3	8,168.8
Current liabilities:
Payables and accrued expenses	824.2	1,114.9
Contract liabilities	194.7	198.5
Total current liabilities	1,018.9	1,313.4
Long-term debt	4,105.4	3,793.0
Deferred taxes	404.4	446.1
Contract liabilities	261.1	215.8
Other non-current liabilities	474.8	481.5
Total liabilities	6,264.7	6,249.8
Commitments and contingencies
Stockholders’ equity:
Preferred stock: Authorized, 25.0 shares; issued and outstanding, none	0.0	0.0
Common stock, $0.01 par value: 650.0 shares authorized; 154.5 and 154.5 shares issued, respectively; and 117.7 and 117.3 shares outstanding, respectively	1.6	1.6
Additional paid-in capital	1,401.9	1,344.7
Retained earnings	2,761.3	2,824.0
Treasury stock, at cost: 36.8 and 37.2 shares, respectively	(2,017.2)	(2,024.8)
Accumulated other comprehensive income (loss)	(361.0)	(226.3)
Total stockholders’ equity	1,786.6	1,919.1
Total liabilities and stockholders’ equity	$ 8,051.3	$ 8,168.8