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Broadridge Financial Solutions, Inc.

BR

Market Cap$23.54B
Close$

Compare Broadridge Financial Solutions

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Broadridge Financial Solutions, Inc.Broadridge Financial Solutions, Inc.34.41.52%33%3.81.8
marketMarket Avg49.61.28%30%6.11.1
TechnologyTechnology Avg19.80.64%48%10.60.9

Earnings Call Q3 2023

May 2, 2023 - AI Summary

Broadridge delivered a strong third quarter with recurring revenue growth of 9% in constant currency, driven by double-digit growth in the governance business and strong growth in GTO.
Investor participation remains strong, with equity position growth of 10% and fund position growth of 6%.
Broadridge continues to execute across its governance, capital markets, and wealth businesses, with investments in digital solutions and front-to-back capabilities resonating with clients.
The completion of the Broadridge wealth product suite is on track, with revenue expected to be recognized in the first quarter of fiscal '24. The pipeline for wealth solutions has grown over 40% since the beginning of the year.
Closed sales increased by 8% in the third quarter, and the record pipeline gives confidence in future revenue growth.
Broadridge reaffirms its outlook for steady top and bottom-line growth in the fourth quarter, expecting recurring revenue growth at the higher end of the guidance range and continued margin expansion. They are also on track to deliver at or above the high end of their 3-year financial objectives.
$203.82

Current Fair Value

0.1% upside

Undervalued by 0.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$23.54 Billion
Enterprise Value$26.91 Billion
Dividend Yield$3.0312 (1.52%)
Earnings per Share$5.74
Beta0.77
Outstanding Shares117,772,219
Avg 30 Day Volume782,937

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio34.41
PEG154.59
Price to Sales3.84
Price to Book Ratio11.98
Enterprise Value to Revenue4.26
Enterprise Value to EBIT26.55
Enterprise Value to Net Income39
Total Debt to Enterprise0.14
Debt to Equity1.77

Revenue Sources

No data

ESG Score

No data

About Broadridge Financial Solutions, Inc.