DigitalBridge Group, Inc. Stock Research

Market Summary

USD11.43+0.60

Market Closed

5.54%

DBRG Alerts

Big jump in Earnings (Y/Y)
Losses in recent quarter

DBRG Stock Price

DBRG RSI Chart

DBRG Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

-5.29

Price/Sales (Trailing)

1.49

EV/EBITDA

16.16

Price/Free Cashflow

6.49

DBRG Price/Sales (Trailing)

DBRG Profitability

EBT Margin

-35.63%

Return on Equity

-19.38%

Return on Assets

-2.92%

Free Cashflow Yield

15.41%

DBRG Fundamentals

DBRG Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

17.68%

Revenue Q/Q

1.5%

DBRG Earnings

Earnings (TTM)

-321.8M

Earnings Y/Y

89.29%

Earnings Q/Q

90.65%

Price Action

52 Week Range

4.4922.17

(Low)(High)

Last 7 days

4.2%

Last 30 days

-6.4%

Last 90 days

6.9%

Trailing 12 Months

62.6%

DBRG Financial Health

Debt/Equity

3.1

Debt/Cashflow

0.05

DBRG Investor Care

Dividend Yield

0.19%

Dividend/Share (TTM)

0.02

Shares Dilution (1Y)

33.71%

Diluted EPS (TTM)

-2.47

Financials for DigitalBridge Group

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.1%	1,144,572,000	1,099,348,000	1,054,899,000	1,002,677,000	965,799,000
S&GA Expenses	4.0%	123,184,000	118,403,000	117,427,000	119,579,000	109,490,000
EBITDA	5.4%	367,583,000	348,686,000	369,672,000	328,511,000	409,283,000
EBITDA Margin	1.3%	0.32	0.32	0.35	0.33	0.42
Earnings Before Taxes	4.4%	-407,826,000	-426,468,000	-375,937,000	-391,525,000	-317,361,000
EBT Margin	8.1%	-0.36	-0.39	-0.36	-0.39	-0.33
Interest Expenses	-6.7%	198,498,000	212,786,000	199,649,000	191,199,000	186,949,000
Net Income	10.6%	-321,797,000	-360,072,000	-249,627,000	-350,809,000	-350,542,000
Net Income Margin	14.2%	-0.28	-0.33	-0.24	-0.35	-0.36
Free Cahsflow	0.4%	262,582,000	261,598,000	210,644,000	273,431,000	248,237,000

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-6.1%	11,029	11,741	11,877	11,232	14,198
Cash Equivalents	44.3%	918	636	337	1,118	1,602
Net PPE	-11.2%	15.00	16.00	18.00	17.00	-
Goodwill	0%	761	761	761	761	761
Liabilities	-8.2%	6,458	7,036	7,214	6,070	8,926
Long Term Debt	-3.2%	5,156	5,326	5,540	5,123	4,860
Shareholder's Equity	0.4%	1,661	1,655	4,562	4,123	2,147
Retained Earnings	-0.3%	-6,962	-6,941	-6,875	-6,838	-6,576
Additional Paid-In Capital	0.3%	7,818	7,793	7,647	7,356	7,821
Accumulated Depreciation	10.1%	24.00	22.00	21.00	19.00	-
Shares Outstanding	5.5%	162	154	142	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	0.4%	263	262	211	273	248
Share Based Compensation	-17.8%	55.00	67.00	57.00	59.00	59.00
Cashflow From Investing	-2.4%	-1,913	-1,868	-2,407	-947	147
Cashflow From Financing	-3.2%	924	955	1,480	871	411
Dividend Payments	Infinity%	2.00	0.00	-	-	-
Buy Backs	-58.6%	55.00	133	0.00	-	-

Risks for DBRG

What is the probability of a big loss on DBRG?

95.7%

Probability that DigitalBridge Group stock will be more than 20% underwater in next one year

64.4%

Probability that DigitalBridge Group stock will be more than 30% underwater in next one year.

56.9%

Probability that DigitalBridge Group 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 DBRG drawdown profile look like?

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

Drawdowns

Returns for DBRG

Cumulative Returns on DBRG

75.6%

3-Year Cumulative Returns

Which funds bought or sold DBRG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	unchanged	-	-135,134	941,639	0.01%
2023-03-17	American Portfolios Advisors	sold off	-100	-30,798	-	-%
2023-03-17	American Portfolios Advisors	new	-	19,566	19,566	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	70.33	275,881	840,881	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-21,000	144,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-84.19	-4,163,260	667,745	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-11.05	-236,848	827,152	-%
2023-02-24	NATIXIS	sold off	-100	-1,389,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-1,157,000	-	-%
2023-02-21	CENTERSQUARE INVESTMENT MANAGEMENT LLC	unchanged	-	-105,550	738,450	0.01%

Latest Funds Activity

Are funds buying DBRG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DBRG

No. of Funds

DigitalBridge Group News

Schedule 13G FIlings of DigitalBridge Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital international investors	5.2%	8,363,593	SC 13G/A
Feb 09, 2023	vanguard group inc	15.31%	24,459,059	SC 13G/A
Feb 03, 2023	blackrock inc.	6.8%	10,913,832	SC 13G
Nov 29, 2022	wafra inc.	9.8%	15,785,759	SC 13G/A
Oct 21, 2022	blackrock inc.	6.1%	10,039,234	SC 13G/A
Sep 08, 2022	blackrock inc.	0.0%	0	SC 13G
Jul 08, 2022	baupost group llc/ma	4.24%	25,824,072	SC 13G/A
Jun 09, 2022	baupost group llc/ma	5%	30,499,072	SC 13G/A
May 27, 2022	wafra inc.	12.4%	84,501,599	SC 13G
Feb 11, 2022	capital international investors	5.6%	28,570,127	SC 13G

DBRG Fair Value

DigitalBridge Group fair value in different scenarios

The table shows the Fair Value estimates for DigitalBridge Group 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	- -	- -	- -	- -	- -
Current Inflation	12.31 7.70%	15.45 35.17%	39.75 247.77%	61.38 437.01%	90.38 690.73%
Very High Inflation	- -	- -	- -	- -	- -

Historical DigitalBridge Group Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of DigitalBridge Group

View All Filings

Date Filed	Form Type	Document
Mar 27, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	SC 13D/A	13D - Major Acquisition
Feb 27, 2023	10-K	Annual Report

Latest Insider Trading transactions for DBRG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-15	Jenkins Benjamin J.	acquired	-	-	65,200	president & cio
2023-03-15	Sanders Ronald M.	sold (taxes)	-230,851	11.71	-19,714	exec. vp - clo & secretary
2023-03-15	Sanders Ronald M.	acquired	-	-	68,786	exec. vp - clo & secretary
2023-03-15	Wu Jacky	sold (taxes)	-55,329	11.71	-4,725	cfo
2023-03-15	Wu Jacky	acquired	-	-	81,500	cfo
2023-03-15	Stewart Liam	sold (taxes)	-94,324	11.71	-8,055	chief operating officer
2023-03-15	Stewart Liam	acquired	-	-	65,200	chief operating officer
2023-03-15	Ganzi Marc C	sold (taxes)	-503,389	11.71	-42,988	ceo
2023-03-15	Ganzi Marc C	acquired	-	-	103,740	ceo
2023-03-15	Kim Sonia	sold (taxes)	-33,490	11.71	-2,860	chief accounting officer

About DigitalBridge Group

Marc C. Ganzi

https://www.digitalbridge.com/

250

DigitalBridge Group, Inc. is a leading global digital infrastructure REIT and private equity firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. DigitalBridge Group, Inc., structured as a REIT, is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore. For more information on DigitalBridge, visit www.digitalbridge.com.

DBRG Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Interest income	$ 30,107	$ 8,791	$ 7,206
Total revenues	1,144,572	965,799	416,430
Expenses
Property operating expense	389,445	316,178	119,834
Interest expense	198,498	186,949	120,829
Investment expense	33,887	28,257	13,551
Transaction-related costs	10,129	5,781	5,282
Depreciation and amortization	576,911	539,695	241,020
Impairment loss	0	0	25,079
Compensation expense—cash and equity-based	245,257	235,985	176,152
Compensation expense—incentive fee and carried interest	202,286	65,890	1,906
Administrative expenses	123,184	109,490	78,766
Settlement loss	0	0	5,090
Total expenses	1,779,597	1,488,225	787,509
Other income (loss)
Other losses, net	(170,555)	(21,412)	(6,493)
Equity method earnings (losses)	19,412	127,270	(273,288)
Equity method earnings—carried interest	378,342	99,207	12,709
Loss from continuing operations before income taxes	(407,826)	(317,361)	(638,151)
Income tax benefit (expense)	(13,467)	100,538	47,063
Loss from continuing operations	(421,293)	(216,823)	(591,088)
Loss from discontinued operations	(148,704)	(600,088)	(3,199,322)
Net loss	(569,997)	(816,911)	(3,790,410)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	(26,778)	34,677	616
Investment entities	(189,053)	(500,980)	(812,547)
Operating Company	(32,369)	(40,511)	(302,720)
Net loss attributable to DigitalBridge Group, Inc.	(321,797)	(310,097)	(2,675,759)
Preferred stock repurchases/redemptions (Note 9)	(1,098)	4,992	0
Preferred stock dividends	61,567	70,627	75,023
Net loss attributable to common stockholders	$ (382,266)	$ (385,716)	$ (2,750,782)
Loss per share—basic
Loss from continuing operations per common share - basic (in dollars per share)	$ (1.76)	$ (1.21)	$ (4.33)
Net loss attributable to common stockholders per common share - basic (in dollars per share)	(2.47)	(3.14)	(23.25)
Loss per share—diluted
Loss from continuing operations per common share - diluted (in dollars per share)	(1.76)	(1.21)	(4.33)
Net loss attributable to common stockholders per common share - diluted (in dollars per share)	$ (2.47)	$ (3.14)	$ (23.25)
Weighted average number of shares
Basic (in shares)	154,495	122,864	118,389
Diluted (in shares)	154,495	122,864	118,389
Property operating income
Revenues
Income	$ 927,506	$ 762,750	$ 312,928
Fee income
Revenues
Income	172,673	180,826	83,355
Fee income \| Affiliated Entity
Revenues
Income	167,733	170,929	83,294
Other income
Revenues
Income	14,286	13,432	12,941
Other income \| Affiliated Entity
Revenues
Income	$ 4,337	$ 10,185	$ 8,828

DBRG Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 918,254	$ 1,602,102
Restricted cash	118,485	99,121
Real estate, net	5,921,298	4,972,284
Equity and debt investments ($506,081 and $201,912 at fair value)	1,322,050	935,153
Loans receivable (at fair value)	137,945	173,921
Goodwill	761,368	761,368
Deferred leasing costs and intangible assets, net	1,092,167	1,187,627
Other assets ($11,793 and $944 at fair value)	654,050	740,395
Due from affiliates	45,360	49,230
Assets held for disposition	57,526	3,676,615
Total assets	11,028,503	14,197,816
Liabilities
Debt, net	5,156,140	4,860,402
Accrued and other liabilities ($183,628 and $37,970 at fair value)	1,272,096	943,801
Intangible liabilities, net	29,824	33,301
Liabilities related to assets held for disposition	380	3,088,699
Total liabilities	6,458,440	8,926,203
Commitments and contingencies (Note 19)
Redeemable noncontrolling interests	100,574	359,223
Stockholders’ equity:
Preferred stock, $0.01 par value per share; $827,779 and $883,500 liquidation preference; 250,000 shares authorized; 33,111 and 35,340 shares issued and outstanding	800,355	854,232
Additional paid-in capital	7,818,068	7,820,807
Accumulated deficit	(6,962,613)	(6,576,180)
Accumulated other comprehensive income (loss)	(1,509)	42,383
Total stockholders’ equity	1,660,698	2,146,934
Noncontrolling interests in investment entities	2,743,896	2,653,173
Noncontrolling interests in Operating Company	64,895	112,283
Total equity	4,469,489	4,912,390
Total liabilities, redeemable noncontrolling interests and equity	11,028,503	14,197,816
Class A Common Stock
Stockholders’ equity:
Common stock, $0.04 par value per share	6,390	5,685
Class B Common Stock
Stockholders’ equity:
Common stock, $0.04 par value per share	$ 7	$ 7