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Focus Financial Partners Inc Stock Research

FOCS

51.81USD-0.05(-0.10%)Delayedas of 31 Mar 2023, 02:48 pm

Market Summary

USD51.81-0.05
Delayedas of 31 Mar 2023, 02:48 pm
-0.10%

FOCS Alerts

FOCS Stock Price

FOCS RSI Chart

FOCS Valuation

FOCS Profitability

EBT Margin

8.32%

Return on Equity

8.71%

Return on Assets

1.89%

FOCS Fundamentals

FOCS Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

4.54%

Revenue Q/Q

5.35%

FOCS Earnings

Earnings (TTM)

91.8M

Earnings Y/Y

-95.35%

Earnings Q/Q

-98.8%

Price Action

52 Week Range

30.2752.62
(Low)(High)

Last 7 days

1.3%

Last 30 days

0.0%

Last 90 days

39.1%

Trailing 12 Months

10.4%

FOCS Financial Health

FOCS Investor Care

Financials for Focus Financial Partners

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.1%2,1432,1202,0541,9401,798
  S&GA Expenses3.8%376362348322298
EBITDA-6.2%278297241158100
EBITDA Margin-7.3%0.13*0.14*0.12*0.08*0.06*
Earnings Before Taxes-17.3%17821617096.0045.00
EBT Margin-18.2%0.08*0.10*0.08*0.05*0.02*
Interest Expenses23.2%10081.0071.0062.0055.00
Net Income-7.3%92.0099.0070.0039.0010.00
Net Income Margin-8.3%0.04*0.05*0.03*0.02*0.01*
Free Cahsflow-7.3%268289278264303
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.7%4,8674,7854,8114,7064,709
    Cash Equivalents8.9%140129221317311
  Net PPE9.9%55.0050.0047.0047.0047.00
  Goodwill3.6%2,1682,0932,0501,9281,925
Liabilities1.9%3,5633,4983,5623,5233,592
Shareholder's Equity-0.4%1,0541,0591,2491,183871
  Retained Earnings0.3%11711687.0054.0025.00
  Additional Paid-In Capital-1.3%918930910866842
Minority Interest9.3%249228235241247
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-5.8%289306291275314
  Share Based Compensation4.2%30.0029.0027.0026.0032.00
Cashflow From Investing55.9%-475-1,076-1,165-990-1,007
Cashflow From Financing-93.4%17.00259953863939

Risks for FOCS

What is the probability of a big loss on FOCS?

74.9%


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

74.1%


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

64.4%


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.

Drawdowns

Returns for FOCS

Cumulative Returns on FOCS

32.0%


3-Year Cumulative Returns

Which funds bought or sold FOCS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
unchanged
-
173,924
1,125,370
0.01%
2023-03-17
American Portfolios Advisors
unchanged
-
-123
1,512
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-30.27
-3,998,690
18,821,300
0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-45.54
-
2,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-17.09
-287,863
14,586,100
0.02%
2023-02-21
MACQUARIE GROUP LTD
added
25.45
27,872,000
85,508,000
0.10%
2023-02-17
EQUITABLE TRUST CO
reduced
-11.04
31,771
644,771
0.05%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
5.01
502,854
2,577,850
-%
2023-02-15
State of Wyoming
reduced
-29.51
-27,362
137,638
0.05%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
20,594
130,594
0.01%

1–10 of 47

Latest Funds Activity

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

Focus Financial Partners News

Yahoo Finance

Westcourt Capital to Join Focus as a New Partner Firm, Strengthening Focus' Partner Presence in Canada.

Yahoo Finance,
23 hours ago

GuruFocus.com

SHAREHOLDER INVESTIGATION: Hal.

GuruFocus.com,
28 hours ago

GlobeNewswire

GlobeNewswire

Digital Journal

Yahoo Finance

GlobeNewswire

GuruFocus.com

FOCUS FINANCIAL MERGER INVESTI.

GuruFocus.com,
11 days ago

GlobeNewswire

Schedule 13G FIlings of Focus Financial Partners

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 28, 2023
trident ffp lp
11.1%
8,250,165
SC 13D/A
Feb 13, 2023
capital world investors
8.3%
5,451,302
SC 13G/A
Feb 09, 2023
vanguard group inc
7.72%
5,085,477
SC 13G/A
Feb 08, 2023
wasatch advisors inc
-
0
SC 13G/A
Feb 02, 2023
trident ffp lp
11.1%
8,250,165
SC 13D/A
Feb 01, 2023
blackrock inc.
5.7%
3,775,028
SC 13G/A
Jan 20, 2023
jpmorgan chase & co
7.8%
5,157,414
SC 13G/A
Jun 06, 2022
wasatch advisors inc
-
0
SC 13G/A
Feb 11, 2022
capital world investors
8.5%
5,469,539
SC 13G
Feb 09, 2022
wasatch advisors inc
-
0
SC 13G

FOCS Fair Value

Recent SEC filings of Focus Financial Partners

View All Filings
Date Filed Form Type Document
Feb 28, 2023
8-K
Current Report
Feb 28, 2023
DEFA14A
DEFA14A
Feb 28, 2023
SC 13D/A
13D - Major Acquisition
Feb 27, 2023
8-K
Current Report
Feb 27, 2023
DEFA14A
DEFA14A
Feb 27, 2023
DEFA14A
DEFA14A
Feb 16, 2023
10-K
Annual Report
Feb 16, 2023
8-K
Current Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership 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.
sold
-356,283,000
49.87
-7,144,240
-
2021-06-23
KKR Group Partnership L.P.
acquired
-
-
3,654,040
-
2021-03-16
KKR Group Partnership L.P.
acquired
-
-
155,558
-
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
-

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

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:   
Total revenues$ 2,143,321$ 1,797,951$ 1,361,319
OPERATING EXPENSES:   
Compensation and related expenses729,891591,121476,208
Management fees530,329491,433349,475
Selling, general and administrative376,417297,636236,377
Intangible amortization261,842187,848147,783
Non-cash changes in fair value of estimated contingent consideration(64,747)112,41619,197
Depreciation and other amortization15,28114,62512,451
Total operating expenses1,849,0131,695,0791,241,491
INCOME FROM OPERATIONS294,308102,872119,828
OTHER INCOME (EXPENSE):   
Interest income791422453
Interest expense(99,887)(55,001)(41,658)
Amortization of debt financing costs(3,999)(3,958)(2,909)
Loss on extinguishment of borrowings(1,807) (6,094)
Other expense-net(11,370)(337)(214)
Income from equity method investments319524219
Total other expense-net(115,953)(58,350)(50,203)
INCOME BEFORE INCOME TAX178,35544,52269,625
INCOME TAX EXPENSE53,07720,08220,660
NET INCOME125,27824,44048,965
Non-controlling interest(33,494)(14,028)(20,920)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS91,78410,41228,045
Wealth management fees   
REVENUES:   
Total revenues2,056,3281,717,3651,286,130
Other   
REVENUES:   
Total revenues$ 86,993$ 80,586$ 75,189
Class A common stock   
Income per share of Class A common stock:   
Basic (in dollars per share)$ 1.40$ 0.18$ 0.58
Diluted (in dollars per share)$ 1.39$ 0.18$ 0.57
Weighted average shares of Class A common stock outstanding:   
Basic (in shares)65,552,59257,317,47748,678,584
Diluted (in shares)65,810,21557,831,15148,796,613

FOCS Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 139,973$ 310,684
Accounts receivable less allowances of $3,255 at 2021 and $3,862 at 2022217,219198,827
Prepaid expenses and other assets151,356123,826
Fixed assets-net54,74847,199
Operating lease assets258,697249,850
Debt financing costs-net7,5904,254
Deferred tax assets-net230,130267,332
Goodwill2,167,9171,925,315
Other intangible assets-net1,639,1241,581,719
TOTAL ASSETS4,866,7544,709,006
LIABILITIES  
Accounts payable12,21311,580
Accrued expenses80,67972,572
Due to affiliates70,974105,722
Deferred revenue10,72610,932
Contingent consideration and other liabilities335,033468,284
Deferred tax liabilities29,57931,973
Operating lease liabilities288,895277,324
Borrowings under credit facilities (stated value of $2,407,302 and $2,563,970 at December 31, 2021 and December 31, 2022, respectively)2,510,7492,393,669
Tax receivable agreements obligations224,611219,542
TOTAL LIABILITIES3,563,4593,591,598
COMMITMENTS AND CONTINGENCIES (Note 14)
EQUITY  
Additional paid-in capital918,044841,753
Retained earnings116,77924,995
Accumulated other comprehensive income18,3183,029
Total shareholders' equity1,053,918870,544
Non-controlling interest249,377246,864
Total equity1,303,2951,117,408
TOTAL LIABILITIES AND EQUITY4,866,7544,709,006
Class A common stock  
EQUITY  
Common stock659653
Class B common stock  
EQUITY  
Common stock$ 118$ 114