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BGC PARTNERS INC-CL A (BGCP) Stock Fundamental Analysis

USA - NASDAQ:BGCP - US05541T1016 - Common Stock

4.43 USD
+0.06 (+1.37%)
Last: 6/30/2023, 8:01:54 PM
4.43 USD
0 (0%)
After Hours: 6/30/2023, 8:01:54 PM
Fundamental Rating

4

Overall BGCP gets a fundamental rating of 4 out of 10. We evaluated BGCP against 236 industry peers in the Capital Markets industry. There are concerns on the financial health of BGCP while its profitability can be described as average. BGCP scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

BGCP had positive earnings in the past year.
BGCP had a positive operating cash flow in the past year.
BGCP had positive earnings in each of the past 5 years.
BGCP had a positive operating cash flow in 4 of the past 5 years.
BGCP Yearly Net Income VS EBIT VS OCF VS FCFBGCP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 500M -500M 1B

1.2 Ratios

BGCP has a Return On Assets (0.93%) which is in line with its industry peers.
BGCP has a Return On Equity (5.73%) which is comparable to the rest of the industry.
With a decent Return On Invested Capital value of 5.32%, BGCP is doing good in the industry, outperforming 65.69% of the companies in the same industry.
Industry RankSector Rank
ROA 0.93%
ROE 5.73%
ROIC 5.32%
ROA(3y)2.18%
ROA(5y)2.73%
ROE(3y)11.27%
ROE(5y)13.41%
ROIC(3y)N/A
ROIC(5y)N/A
BGCP Yearly ROA, ROE, ROICBGCP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 5 10 15 20 25

1.3 Margins

BGCP has a Profit Margin of 2.29%. This is in the lower half of the industry: BGCP underperforms 63.73% of its industry peers.
In the last couple of years the Profit Margin of BGCP has declined.
BGCP's Operating Margin of 7.71% is on the low side compared to the rest of the industry. BGCP is outperformed by 74.02% of its industry peers.
In the last couple of years the Operating Margin of BGCP has grown nicely.
The Gross Margin of BGCP (98.44%) is better than 96.57% of its industry peers.
In the last couple of years the Gross Margin of BGCP has remained more or less at the same level.
Industry RankSector Rank
OM 7.71%
PM (TTM) 2.29%
GM 98.44%
OM growth 3Y10.4%
OM growth 5Y22.6%
PM growth 3Y6.25%
PM growth 5Y-1.6%
GM growth 3Y-0.17%
GM growth 5Y-0.11%
BGCP Yearly Profit, Operating, Gross MarginsBGCP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 40 60 80

3

2. Health

2.1 Basic Checks

Compared to 1 year ago, BGCP has more shares outstanding
BGCP has a worse debt/assets ratio than last year.
BGCP Yearly Shares OutstandingBGCP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M
BGCP Yearly Total Debt VS Total AssetsBGCP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 0.47, we must say that BGCP is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.47, BGCP is doing worse than 64.71% of the companies in the same industry.
The Debt to FCF ratio of BGCP is 5.74, which is a neutral value as it means it would take BGCP, 5.74 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.74, BGCP is in the better half of the industry, outperforming 69.61% of the companies in the same industry.
A Debt/Equity ratio of 1.55 is on the high side and indicates that BGCP has dependencies on debt financing.
BGCP has a worse Debt to Equity ratio (1.55) than 73.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.55
Debt/FCF 5.74
Altman-Z 0.47
ROIC/WACCN/A
WACCN/A
BGCP Yearly LT Debt VS Equity VS FCFBGCP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 500M -500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.05 indicates that BGCP should not have too much problems paying its short term obligations.
The Current ratio of BGCP (1.05) is comparable to the rest of the industry.
A Quick Ratio of 1.05 indicates that BGCP should not have too much problems paying its short term obligations.
BGCP has a Quick ratio (1.05) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1.05
BGCP Yearly Current Assets VS Current LiabilitesBGCP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 5.88% over the past year.
The Earnings Per Share has been decreasing by -8.81% on average over the past years.
BGCP shows a decrease in Revenue. In the last year, the revenue decreased by -6.78%.
The Revenue has been growing slightly by 0.50% on average over the past years.
EPS 1Y (TTM)5.88%
EPS 3Y4.13%
EPS 5Y-8.81%
EPS Q2Q%9.52%
Revenue 1Y (TTM)-6.78%
Revenue growth 3Y-5.15%
Revenue growth 5Y0.5%
Sales Q2Q%5.21%

3.2 Future

Based on estimates for the next years, BGCP will show a very strong growth in Earnings Per Share. The EPS will grow by 20.54% on average per year.
Based on estimates for the next years, BGCP will show a quite strong growth in Revenue. The Revenue will grow by 10.66% on average per year.
EPS Next Y24.3%
EPS Next 2Y21.11%
EPS Next 3Y20.54%
EPS Next 5YN/A
Revenue Next Year13.89%
Revenue Next 2Y10.93%
Revenue Next 3Y10.66%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BGCP Yearly Revenue VS EstimatesBGCP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
BGCP Yearly EPS VS EstimatesBGCP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

8

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 6.15 indicates a rather cheap valuation of BGCP.
Based on the Price/Earnings ratio, BGCP is valued cheaply inside the industry as 93.63% of the companies are valued more expensively.
BGCP is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
BGCP is valuated cheaply with a Price/Forward Earnings ratio of 4.31.
96.57% of the companies in the same industry are more expensive than BGCP, based on the Price/Forward Earnings ratio.
BGCP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.87.
Industry RankSector Rank
PE 6.15
Fwd PE 4.31
BGCP Price Earnings VS Forward Price EarningsBGCP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BGCP is valued a bit cheaper than 78.43% of the companies in the same industry.
79.41% of the companies in the same industry are more expensive than BGCP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.61
EV/EBITDA 10.76
BGCP Per share dataBGCP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

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.
A more expensive valuation may be justified as BGCP's earnings are expected to grow with 20.54% in the coming years.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y21.11%
EPS Next 3Y20.54%

3

5. Dividend

5.1 Amount

BGCP has a yearly dividend return of 0.93%, which is pretty low.
Compared to an average industry Dividend Yield of 8.21, BGCP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, BGCP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.93%

5.2 History

BGCP has been paying a dividend for at least 10 years, so it has a reliable track record.
BGCP has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
BGCP Yearly Dividends per shareBGCP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 1 2 3 4

5.3 Sustainability

BGCP pays out 35.69% of its income as dividend. This is a sustainable payout ratio.
DP35.69%
EPS Next 2Y21.11%
EPS Next 3Y20.54%
BGCP Yearly Income VS Free CF VS DividendBGCP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 0 500M -500M 1B
BGCP Dividend Payout.BGCP Dividend Payout, showing the Payout Ratio.BGCP Dividend Payout.PayoutRetained Earnings

BGC PARTNERS INC-CL A

NASDAQ:BGCP (6/30/2023, 8:01:54 PM)

After market: 4.43 0 (0%)

4.43

+0.06 (+1.37%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)05-03 2023-05-03/bmo
Earnings (Next)08-01 2023-08-01/bmo
Inst Owners0.01%
Inst Owner Change-97.25%
Ins Owners0.17%
Ins Owner Change0%
Market Cap1.69B
Analysts80
Price Target8.41 (89.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.93%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP35.69%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.44%
Min EPS beat(2)-0.99%
Max EPS beat(2)1.88%
EPS beat(4)3
Avg EPS beat(4)2.08%
Min EPS beat(4)-0.99%
Max EPS beat(4)4.56%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.36%
Min Revenue beat(2)-1.46%
Max Revenue beat(2)2.18%
Revenue beat(4)2
Avg Revenue beat(4)-0.17%
Min Revenue beat(4)-2.74%
Max Revenue beat(4)2.18%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-0.98%
EPS NQ rev (3m)-15.44%
EPS NY rev (1m)-0.98%
EPS NY rev (3m)-1.55%
Revenue NQ rev (1m)-0.98%
Revenue NQ rev (3m)-7.43%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-1.3%
Valuation
Industry RankSector Rank
PE 6.15
Fwd PE 4.31
P/S 0.93
P/FCF 8.61
P/OCF 6.55
P/B 2.33
P/tB 78.44
EV/EBITDA 10.76
EPS(TTM)0.72
EY16.25%
EPS(NY)1.03
Fwd EY23.18%
FCF(TTM)0.51
FCFY11.62%
OCF(TTM)0.68
OCFY15.27%
SpS4.76
BVpS1.9
TBVpS0.06
PEG (NY)0.25
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.93%
ROE 5.73%
ROCE N/A
ROIC 5.32%
ROICexc 7.13%
ROICexgc 965.54%
OM 7.71%
PM (TTM) 2.29%
GM 98.44%
FCFM N/A
ROA(3y)2.18%
ROA(5y)2.73%
ROE(3y)11.27%
ROE(5y)13.41%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y1.29%
ROICexcg growth 5Y91%
ROICexc growth 3Y9.37%
ROICexc growth 5Y48.72%
OM growth 3Y10.4%
OM growth 5Y22.6%
PM growth 3Y6.25%
PM growth 5Y-1.6%
GM growth 3Y-0.17%
GM growth 5Y-0.11%
F-Score6
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 1.55
Debt/FCF 5.74
Debt/EBITDA 5.22
Cap/Depr 81.82%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 471.7%
Current Ratio 1.05
Quick Ratio 1.05
Altman-Z 0.47
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)82.47%
Cap/Depr(5y)94.29%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)358.98%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.88%
EPS 3Y4.13%
EPS 5Y-8.81%
EPS Q2Q%9.52%
EPS Next Y24.3%
EPS Next 2Y21.11%
EPS Next 3Y20.54%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.78%
Revenue growth 3Y-5.15%
Revenue growth 5Y0.5%
Sales Q2Q%5.21%
Revenue Next Year13.89%
Revenue Next 2Y10.93%
Revenue Next 3Y10.66%
Revenue Next 5YN/A
EBIT growth 1Y235.81%
EBIT growth 3Y4.71%
EBIT growth 5Y23.21%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-42.46%
FCF growth 3Y4.74%
FCF growth 5Y-33.09%
OCF growth 1Y-38.41%
OCF growth 3Y-2.1%
OCF growth 5Y-29.5%