BGC PARTNERS INC-CL A (BGCP)
US05541T1016 - Common Stock
BGCP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 210 industry peers in the Capital Markets industry. While BGCP is still in line with the averages on profitability rating, there are concerns on its financial health. BGCP is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BGCP was profitable.
In the past year BGCP had a positive cash flow from operations.
In the past 5 years BGCP has always been profitable.
BGCP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
BGCP's Return On Assets of 0.93% is in line compared to the rest of the industry. BGCP outperforms 45.59% of its industry peers.
BGCP has a Return On Equity (5.73%) which is in line with its industry peers.
BGCP has a Return On Invested Capital of 5.32%. This is in the better half of the industry: BGCP outperforms 65.69% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
With a Profit Margin value of 2.29%, BGCP is not doing good in the industry: 63.73% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of BGCP has declined.
The Operating Margin of BGCP (7.71%) is worse than 74.02% of its industry peers.
BGCP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 98.44%, BGCP belongs to the top of the industry, outperforming 96.57% of the companies in the same industry.
In the last couple of years the Gross Margin of BGCP has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The number of shares outstanding for BGCP has been increased compared to 1 year ago.
BGCP has more shares outstanding than it did 5 years ago.
BGCP has a worse debt/assets ratio than last year.
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.
BGCP has a worse Altman-Z score (0.47) than 64.71% of its industry peers.
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.
BGCP's Debt to FCF ratio of 5.74 is fine compared to the rest of the industry. BGCP outperforms 69.61% of its industry peers.
A Debt/Equity ratio of 1.55 is on the high side and indicates that BGCP has dependencies on debt financing.
The Debt to Equity ratio of BGCP (1.55) is worse than 73.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 5.74 | ||
| Altman-Z | 0.47 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
BGCP has a Current Ratio of 1.05. This is a normal value and indicates that BGCP is financially healthy and should not expect problems in meeting its short term obligations.
BGCP has a Current ratio (1.05) which is in line with its industry peers.
BGCP has a Quick Ratio of 1.05. This is a normal value and indicates that BGCP is financially healthy and should not expect problems in meeting its short term obligations.
BGCP has a Quick ratio of 1.05. This is comparable to the rest of the industry: BGCP outperforms 47.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
BGCP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.88%.
Measured over the past years, BGCP shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.81% on average per year.
The Revenue has decreased by -6.78% in the past year.
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 growth Q2Q9.52%
Revenue 1Y (TTM)-6.78%
Revenue growth 3Y-5.15%
Revenue growth 5Y0.5%
Revenue growth Q2Q5.21%
3.2 Future
BGCP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.54% yearly.
BGCP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.66% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 6.15 indicates a rather cheap valuation of BGCP.
BGCP's Price/Earnings ratio is rather cheap when compared to the industry. BGCP is cheaper than 93.63% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.25, BGCP is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.31, the valuation of BGCP can be described as very cheap.
Based on the Price/Forward Earnings ratio, BGCP is valued cheaply inside the industry as 96.57% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BGCP to the average of the S&P500 Index (21.67), we can say BGCP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.15 | ||
| Fwd PE | 4.31 |
4.2 Price Multiples
BGCP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BGCP is cheaper than 78.43% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BGCP is valued a bit cheaper than 79.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.61 | ||
| EV/EBITDA | 10.76 |
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.
BGCP's earnings are expected to grow with 20.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y21.11%
EPS Next 3Y20.54%
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 7.77, BGCP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.45, BGCP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector 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.
The dividend of BGCP decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
35.69% of the earnings are spent on dividend by BGCP. This is a low number and sustainable payout ratio.
DP35.69%
EPS Next 2Y21.11%
EPS Next 3Y20.54%
BGC PARTNERS INC-CL A
NASDAQ:BGCP (6/30/2023, 7:01:54 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)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.69B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.93% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.15 | ||
| Fwd PE | 4.31 | ||
| 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)0.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.93% | ||
| ROE | 5.73% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.71% | ||
| PM (TTM) | 2.29% | ||
| GM | 98.44% | ||
| 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 Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 | ||
| 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)5.88%
EPS 3Y4.13%
EPS 5Y
EPS growth Q2Q
EPS Next Y24.3%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.78%
Revenue growth 3Y-5.15%
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