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FOCS

36.75USD-0.78(-2.08%)Market Closed

Focus Financial Partners Inc

Market Summary

USD36.75-0.78Market Closed
-2.08%

FOCS Stock Price

RSI Chart

Valuation

Profitability

EBT Margin

8.26%

Return on Equity

6.94%

Return on Assets

1.46%

Fundamentals

Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

26.77%

Revenue Q/Q

0.49%

Earnings

Earnings (TTM)

70.4M

Earnings Y/Y

1.6K%

Earnings Q/Q

13.68%

Price Action

52 Week Range

67.28
(Low)(High)

Last 7 days

-0.7%

Last 30 days

11.8%

Last 90 days

-4.8%

Trailing 12 Months

-42.9%

Financial Health

Investor Care

Financials for Focus Financial Partners

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue5.9%2,0541,9401,7981,6541,531
  S&GA Expenses8.0%348322298272254
Earnings Before Taxes77.7%17096452731
Net Income79.2%70391067
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets2.2%4,8114,7064,7094,0883,387
    Cash Equivalents-30.3%221317311642144
  Net PPE0.1%4747474647
  Goodwill6.3%2,0501,9281,9251,4291,316
Liabilities1.1%3,5623,5233,5923,1872,487
Shareholder's Equity7.7%1,014941871675669
  Retained Earnings61.2%8754251717
  Additional Paid-In Capital5.1%910866842660650
Minority Interest-2.7%235241247226230
Float-2,522----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations5.9%291275314311299
  Share Based Compensation4.7%2726323131
Cashflow From Investing-17.7%-1,165.47-990.12-1,007.31-601.41-413.58
Cashflow From Financing10.5%953863939890223

Risks

What is the probability of a big loss on FOCS?

73.0%


Probability that Focus Financial Partners stock will be more than 20% underwater in next one year

72.6%


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

64.8%


Probability that Focus Financial Partners 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 FOCS drawdown profile look like?

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

Returns

Cumulative Returns on FOCS

10.5%


3-Year Cumulative Returns

Which funds bought or sold FOCS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-248,000
2,317,000
-%
2022-11-21
FourThought Financial, LLC
NEW
-
32,000
32,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-60,000
-
-%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-54.89
-1,251,000
896,000
0.01%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
ADDED
19.19
436,000
4,679,000
0.02%
2022-11-15
ALGERT GLOBAL LLC
ADDED
26.96
116,000
779,000
0.05%
2022-11-15
STATE STREET CORP
REDUCED
-2.97
-4,318,000
37,883,000
-%
2022-11-15
CASTLEARK MANAGEMENT LLC
REDUCED
-63.16
-1,978,000
1,023,000
0.06%
2022-11-15
Baird Financial Group, Inc.
ADDED
1.82
-100,000
1,627,000
-%

1–10 of 46

Latest Funds Activity

Are funds buying FOCS calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own FOCS

Focus Financial Partners News

Marketscreener.com

Transcript : HashiCorp, Inc. - Special Call.4 hours ago

FOCS Fair Value

Recent SEC filings of Focus Financial Partners

View All Filings
Date Filed Form Type Document
Nov 29, 2022
8-K
Current Report
Nov 03, 2022
8-K
Current Report
Nov 03, 2022
10-Q
Quarterly Report

Latest Insider Trading transactions for FOCS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2021-08-16
Mashinsky Kristine
BOUGHT
302,138
49.6938
6,080
-
2021-08-13
Mashinsky Kristine
BOUGHT
694,824
49.9155
13,920
-
2021-06-23
KKR Freya Aggregator L.P.
ACQUIRED
-
-
3,654,040
-
2021-06-23
KKR Freya Aggregator L.P.
SOLD
-356,283,000
49.87
-7,144,240
-
2021-06-23
KKR Group Partnership L.P.
ACQUIRED
-
-
3,654,040
-
2021-06-23
KKR Group Partnership L.P.
SOLD
-356,283,000
49.87
-7,144,240
-
2021-03-16
Carey James D
ACQUIRED
-
-
351,220
-
2021-03-16
Carey James D
SOLD
-31,565,000
46.2
-683,226
-
2021-03-16
KKR Freya Aggregator L.P.
SOLD
-14,051,300
46.2
-304,141
-
2021-03-16
KKR Group Partnership L.P.
ACQUIRED
-
-
155,558
-

1–10 of 37

Ruediger Adolf
4400
Focus Financial Partners Inc. provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services; recommends financial products through commissions and distribution fees; and sells investment or insurance products. Focus Financial Partners Inc. was founded in 2006 and is headquartered in New York, New York.

FOCS Income Statement

2022-09-30
Unaudited condensed consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Total revenues$ 519,864$ 454,535$ 1,595,642$ 1,274,065
OPERATING EXPENSES:    
Compensation and related expenses186,320144,249546,251424,337
Management fees122,971127,166397,612345,443
Selling, general and administrative89,91575,637273,336208,481
Intangible amortization67,33146,055192,256133,041
Non-cash changes in fair value of estimated contingent consideration(30,708)36,243(82,450)96,241
Depreciation and other amortization4,0163,62211,45410,835
Total operating expenses439,845432,9721,338,4591,218,378
INCOME FROM OPERATIONS80,01921,563257,18355,687
OTHER INCOME (EXPENSE):    
Interest income126206146310
Interest expense(26,491)(16,543)(63,999)(37,893)
Amortization of debt financing costs(949)(1,102)(2,999)(2,856)
Other income (expense)-net(2,347)312(3,834)(219)
Income from equity method investments5191157514
Total other expense-net(29,610)(17,036)(70,529)(40,144)
INCOME BEFORE INCOME TAX50,4094,527186,65415,543
INCOME TAX EXPENSE12,1202,67859,9656,038
NET INCOME38,2891,849126,6899,505
Non-controlling interest(9,040)(1,200)(35,255)(6,623)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS29,24964991,4342,882
Wealth management fees    
REVENUES:    
Total revenues499,017433,9671,531,6171,213,782
Other    
REVENUES:    
Total revenues$ 20,847$ 20,568$ 64,025$ 60,283
Class A common stock    
Income per share of Class A common stock:    
Basic (in dollars per share)$ 0.45$ 0.01$ 1.40$ 0.05
Diluted (in dollars per share)$ 0.44$ 0.01$ 1.39$ 0.05
Weighted average shares of Class A common stock outstanding:    
Basic (in shares)65,599,49359,940,16665,441,15155,978,639
Diluted (in shares)65,821,22860,438,51065,729,33956,447,070

FOCS Balance Sheet

2022-09-30
Unaudited condensed consolidated balance sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 128,528$ 310,684
Accounts receivable less allowances of $3,255 at 2021 and $3,949 at 2022207,992198,827
Prepaid expenses and other assets174,007123,826
Fixed assets-net49,81847,199
Operating lease assets257,749249,850
Debt financing costs-net3,6484,254
Deferred tax assets-net232,332267,332
Goodwill2,092,7871,925,315
Other intangible assets-net1,637,8161,581,719
TOTAL ASSETS4,784,6774,709,006
LIABILITIES  
Accounts payable11,82211,580
Accrued expenses108,54272,572
Due to affiliates66,868105,722
Deferred revenue15,55410,932
Contingent consideration and other liabilities320,176468,284
Deferred tax liabilities39,47731,973
Operating lease liabilities286,930277,324
Borrowings under credit facilities (stated value of $2,407,302 and $2,438,779 at December 31, 2021 and September 30, 2022, respectively)2,427,2112,393,669
Tax receivable agreements obligations221,237219,542
TOTAL LIABILITIES3,497,8173,591,598
COMMITMENTS AND CONTINGENCIES (Note 12)
EQUITY  
Additional paid-in capital930,042841,753
Retained earnings116,42924,995
Accumulated other comprehensive income11,3783,029
Total shareholders' equity1,058,623870,544
Non-controlling interest228,237246,864
Total equity1,286,8601,117,408
TOTAL LIABILITIES AND EQUITY4,784,6774,709,006
Class A common stock  
EQUITY  
Common stock658653
Class B common stock  
EQUITY  
Common stock$ 116$ 114