COREBRIDGE FINANCIAL INC (CRBG) Stock Fundamental Analysis
NYSE:CRBG - New York Stock Exchange, Inc. - US21871X1090 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to CRBG. CRBG was compared to 100 industry peers in the Financial Services industry. CRBG may be in some trouble as it scores bad on both profitability and health. CRBG scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CRBG was profitable.
CRBG had a positive operating cash flow in the past year.
In the past 5 years CRBG has always been profitable.
CRBG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.18%, CRBG is doing worse than 71.00% of the companies in the same industry.
CRBG has a Return On Equity of 5.74%. This is in the lower half of the industry: CRBG underperforms 62.00% of its industry peers.
CRBG's Return On Invested Capital of 0.43% is on the low side compared to the rest of the industry. CRBG is outperformed by 69.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CRBG is significantly below the industry average of 11.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.18% | ||
| ROE | 5.74% | ||
| ROIC | 0.43% |
ROA(3y)1.04%
ROA(5y)1.01%
ROE(3y)38.57%
ROE(5y)28.92%
ROIC(3y)1.08%
ROIC(5y)0.99%
1.3 Margins
CRBG has a Profit Margin of 4.41%. This is in the lower half of the industry: CRBG underperforms 63.00% of its industry peers.
CRBG's Profit Margin has improved in the last couple of years.
CRBG has a Operating Margin (13.53%) which is comparable to the rest of the industry.
CRBG's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.53% | ||
| PM (TTM) | 4.41% | ||
| GM | N/A |
OM growth 3Y-19.8%
OM growth 5Y24.34%
PM growth 3Y-27.73%
PM growth 5Y97.88%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CRBG is destroying value.
CRBG has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CRBG has been reduced compared to 5 years ago.
CRBG has a worse debt/assets ratio than last year.
2.2 Solvency
CRBG has a debt to FCF ratio of 6.39. This is a slightly negative value and a sign of low solvency as CRBG would need 6.39 years to pay back of all of its debts.
CRBG has a Debt to FCF ratio (6.39) which is in line with its industry peers.
A Debt/Equity ratio of 1.03 is on the high side and indicates that CRBG has dependencies on debt financing.
CRBG has a Debt to Equity ratio (1.03) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 6.39 | ||
| Altman-Z | N/A |
ROIC/WACC0.06
WACC6.85%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.84% over the past year.
CRBG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 115.54% yearly.
The Revenue for CRBG has decreased by -20.43% in the past year. This is quite bad
CRBG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.01% yearly.
EPS 1Y (TTM)15.84%
EPS 3Y-31.14%
EPS 5Y115.54%
EPS Q2Q%5.45%
Revenue 1Y (TTM)-20.43%
Revenue growth 3Y-7.04%
Revenue growth 5Y8.01%
Sales Q2Q%-19.08%
3.2 Future
Based on estimates for the next years, CRBG will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.37% on average per year.
The Revenue is expected to grow by 2.76% on average over the next years.
EPS Next Y5.05%
EPS Next 2Y9.82%
EPS Next 3Y10.79%
EPS Next 5Y11.37%
Revenue Next Year-1.65%
Revenue Next 2Y2.9%
Revenue Next 3Y2.66%
Revenue Next 5Y2.76%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.20, the valuation of CRBG can be described as very cheap.
84.00% of the companies in the same industry are more expensive than CRBG, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.21, CRBG is valued rather cheaply.
CRBG is valuated cheaply with a Price/Forward Earnings ratio of 6.05.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRBG indicates a rather cheap valuation: CRBG is cheaper than 83.00% of the companies listed in the same industry.
CRBG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.2 | ||
| Fwd PE | 6.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRBG is valued a bit cheaper than 63.00% of the companies in the same industry.
CRBG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CRBG is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.07 | ||
| EV/EBITDA | 13.02 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.43
PEG (5Y)0.06
EPS Next 2Y9.82%
EPS Next 3Y10.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.74%, CRBG has a reasonable but not impressive dividend return.
CRBG's Dividend Yield is a higher than the industry average which is at 4.97.
Compared to an average S&P500 Dividend Yield of 2.42, CRBG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
5.2 History
CRBG has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CRBG pays out 77.62% of its income as dividend. This is not a sustainable payout ratio.
DP77.62%
EPS Next 2Y9.82%
EPS Next 3Y10.79%
35.3
-0.2 (-0.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners90.71%
Inst Owner Change0.85%
Ins Owners0.34%
Ins Owner Change-5.51%
Market Cap19.42B
Analysts78.1
Price Target36.98 (4.76%)
Short Float %1.82%
Short Ratio2.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend0.92
Dividend Growth(5Y)N/A
DP77.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.1%
Min EPS beat(2)-0.44%
Max EPS beat(2)0.65%
EPS beat(4)3
Avg EPS beat(4)4.33%
Min EPS beat(4)-0.44%
Max EPS beat(4)15.87%
EPS beat(8)6
Avg EPS beat(8)4.1%
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)0
Avg Revenue beat(2)-13.39%
Min Revenue beat(2)-14.87%
Max Revenue beat(2)-11.92%
Revenue beat(4)0
Avg Revenue beat(4)-19.34%
Min Revenue beat(4)-28.97%
Max Revenue beat(4)-11.92%
Revenue beat(8)4
Avg Revenue beat(8)-2.25%
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)3.33%
PT rev (3m)-7.05%
EPS NQ rev (1m)-0.45%
EPS NQ rev (3m)-8.29%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-7.52%
Revenue NQ rev (1m)-0.59%
Revenue NQ rev (3m)-5.68%
Revenue NY rev (1m)-2.68%
Revenue NY rev (3m)-8.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.2 | ||
| Fwd PE | 6.05 | ||
| P/S | 1.24 | ||
| P/FCF | 10.07 | ||
| P/OCF | 10.07 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 13.02 |
EPS(TTM)4.9
EY13.88%
EPS(NY)5.84
Fwd EY16.54%
FCF(TTM)3.5
FCFY9.93%
OCF(TTM)3.5
OCFY9.93%
SpS28.38
BVpS21.77
TBVpS21.77
PEG (NY)1.43
PEG (5Y)0.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.18% | ||
| ROE | 5.74% | ||
| ROCE | 0.54% | ||
| ROIC | 0.43% | ||
| ROICexc | 0.43% | ||
| ROICexgc | 0.62% | ||
| OM | 13.53% | ||
| PM (TTM) | 4.41% | ||
| GM | N/A | ||
| FCFM | 12.35% |
ROA(3y)1.04%
ROA(5y)1.01%
ROE(3y)38.57%
ROE(5y)28.92%
ROIC(3y)1.08%
ROIC(5y)0.99%
ROICexc(3y)1.09%
ROICexc(5y)0.99%
ROICexgc(3y)1.62%
ROICexgc(5y)1.5%
ROCE(3y)1.38%
ROCE(5y)1.27%
ROICexcg growth 3Y-24.91%
ROICexcg growth 5YN/A
ROICexc growth 3Y-23.75%
ROICexc growth 5YN/A
OM growth 3Y-19.8%
OM growth 5Y24.34%
PM growth 3Y-27.73%
PM growth 5Y97.88%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 6.39 | ||
| Debt/EBITDA | 5.28 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.59 | ||
| Cash Conversion | 82.71% | ||
| Profit Quality | 280.23% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC6.85%
ROIC/WACC0.06
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)144.44%
Profit Quality(5y)197%
High Growth Momentum
Growth
EPS 1Y (TTM)15.84%
EPS 3Y-31.14%
EPS 5Y115.54%
EPS Q2Q%5.45%
EPS Next Y5.05%
EPS Next 2Y9.82%
EPS Next 3Y10.79%
EPS Next 5Y11.37%
Revenue 1Y (TTM)-20.43%
Revenue growth 3Y-7.04%
Revenue growth 5Y8.01%
Sales Q2Q%-19.08%
Revenue Next Year-1.65%
Revenue Next 2Y2.9%
Revenue Next 3Y2.66%
Revenue Next 5Y2.76%
EBIT growth 1Y1.49%
EBIT growth 3Y-25.44%
EBIT growth 5Y34.3%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-35.71%
FCF growth 3Y-4.39%
FCF growth 5Y-2.53%
OCF growth 1Y-35.71%
OCF growth 3Y-4.39%
OCF growth 5Y-2.53%