ALLIANCEBERNSTEIN HOLDING LP (AB)

US01881G1067

33.0341  +0.56 (+1.74%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to AB. AB was compared to 209 industry peers in the Capital Markets industry. Both the profitability and the financial health of AB get a neutral evaluation. Nothing too spectacular is happening here. AB is not valued too expensively and it also shows a decent growth rate.



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6

1. Profitability

1.1 Basic Checks

AB had positive earnings in the past year.
AB had a positive operating cash flow in the past year.
AB had positive earnings in each of the past 5 years.
Each year in the past 5 years AB had a positive operating cash flow.

1.2 Ratios

AB has a Return On Assets of 12.72%. This is amongst the best in the industry. AB outperforms 92.75% of its industry peers.
AB has a better Return On Equity (12.72%) than 66.18% of its industry peers.
Industry RankSector Rank
ROA 12.72%
ROE 12.72%
ROIC N/A
ROA(3y)16.56%
ROA(5y)16.49%
ROE(3y)16.58%
ROE(5y)16.51%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Profit Margin of AB (88.12%) is better than 97.10% of its industry peers.
AB's Profit Margin has been stable in the last couple of years.
AB has a better Operating Margin (100.00%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of AB has remained more or less at the same level.
Industry RankSector Rank
OM 100%
PM (TTM) 88.12%
GM N/A
OM growth 3Y0%
OM growth 5Y0%
PM growth 3Y-0.92%
PM growth 5Y-0.33%
GM growth 3YN/A
GM growth 5YN/A

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4

2. Health

2.1 Basic Checks

Compared to 1 year ago, AB has more shares outstanding
The number of shares outstanding for AB has been increased compared to 5 years ago.
There is no outstanding debt for AB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

There is no outstanding debt for AB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACCN/A

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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4

3. Growth

3.1 Past

The earnings per share for AB have decreased by -8.81% in the last year.
AB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.07% yearly.
Looking at the last year, AB shows a decrease in Revenue. The Revenue has decreased by -1.89% in the last year.
Measured over the past years, AB shows a small growth in Revenue. The Revenue has been growing by 2.07% on average per year.
EPS 1Y (TTM)-8.81%
EPS 3Y-2.59%
EPS 5Y0.07%
EPS growth Q2Q10%
Revenue 1Y (TTM)-1.89%
Revenue growth 3Y-0.94%
Revenue growth 5Y2.07%
Revenue growth Q2Q23.11%

3.2 Future

Based on estimates for the next years, AB will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.52% on average per year.
AB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.25% yearly.
EPS Next Y17.22%
EPS Next 2Y16.23%
EPS Next 3Y16.69%
EPS Next 5Y8.52%
Revenue Next Year9.68%
Revenue Next 2Y8.76%
Revenue Next 3Y8.65%
Revenue Next 5Y3.25%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.28, AB is valued correctly.
AB's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 24.80. AB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 10.48, the valuation of AB can be described as reasonable.
Based on the Price/Forward Earnings ratio, AB is valued a bit cheaper than the industry average as 64.25% of the companies are valued more expensively.
AB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.27.
Industry RankSector Rank
PE 12.28
Fwd PE 10.48

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, AB is valued a bit cheaper than the industry average as 67.15% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.86
EV/EBITDA N/A

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AB has a very decent profitability rating, which may justify a higher PE ratio.
AB's earnings are expected to grow with 16.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.71
PEG (5Y)164.8
EPS Next 2Y16.23%
EPS Next 3Y16.69%

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5

5. Dividend

5.1 Amount

AB has a Yearly Dividend Yield of 8.13%, which is a nice return.
Compared to an average industry Dividend Yield of 7.52, AB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, AB pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.13%

5.2 History

The dividend of AB decreases each year by -2.24%.
AB has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-2.24%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

112.09% of the earnings are spent on dividend by AB. This is not a sustainable payout ratio.
DP112.09%
EPS Next 2Y16.23%
EPS Next 3Y16.69%

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ALLIANCEBERNSTEIN HOLDING LP

NYSE:AB (4/19/2024, 12:34:42 PM)

33.0341

+0.56 (+1.74%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.78B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 8.13%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 12.28
Fwd PE 10.48
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.71
PEG (5Y)164.8
Profitability
Industry RankSector Rank
ROA 12.72%
ROE 12.72%
ROCE
ROIC
ROICexc
ROICexgc
OM 100%
PM (TTM) 88.12%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-8.81%
EPS 3Y-2.59%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.89%
Revenue growth 3Y-0.94%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y