COREBRIDGE FINANCIAL INC (CRBG)
US21871X1090 - Common Stock
CRBG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 102 industry peers in the Financial Services industry. While CRBG is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on CRBG.
1. Profitability
1.1 Basic Checks
In the past year CRBG was profitable.
In the past year CRBG had a positive cash flow from operations.
In the past 5 years CRBG has always been profitable.
Each year in the past 5 years CRBG had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.29%, CRBG is not doing good in the industry: 62.75% of the companies in the same industry are doing better.
CRBG's Return On Equity of 9.38% is in line compared to the rest of the industry. CRBG outperforms 51.96% of its industry peers.
With a Return On Invested Capital value of 0.19%, CRBG is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
CRBG had an Average Return On Invested Capital over the past 3 years of 1.38%. This is significantly below the industry average of 8.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.29% | ||
| ROE | 9.38% | ||
| ROIC | 0.19% |
ROA(3y)1.44%
ROA(5y)0.9%
ROE(3y)41.14%
ROE(5y)25.06%
ROIC(3y)1.38%
ROIC(5y)N/A
1.3 Margins
CRBG has a Profit Margin (6.12%) which is in line with its industry peers.
In the last couple of years the Profit Margin of CRBG has grown nicely.
CRBG has a worse Operating Margin (4.95%) than 62.75% of its industry peers.
CRBG's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.95% | ||
| PM (TTM) | 6.12% | ||
| GM | N/A |
OM growth 3Y-21.58%
OM growth 5Y44.36%
PM growth 3Y10.16%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CRBG is destroying value.
The number of shares outstanding for CRBG has been reduced compared to 1 year ago.
Compared to 1 year ago, CRBG has an improved debt to assets ratio.
2.2 Solvency
CRBG has a debt to FCF ratio of 3.54. This is a good value and a sign of high solvency as CRBG would need 3.54 years to pay back of all of its debts.
CRBG's Debt to FCF ratio of 3.54 is fine compared to the rest of the industry. CRBG outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 1.01 is on the high side and indicates that CRBG has dependencies on debt financing.
The Debt to Equity ratio of CRBG (1.01) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| Debt/FCF | 3.54 | ||
| Altman-Z | N/A |
ROIC/WACC0.03
WACC7.3%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CRBG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -86.08%.
CRBG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.61% yearly.
Looking at the last year, CRBG shows a very negative growth in Revenue. The Revenue has decreased by -22.89% in the last year.
CRBG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.36% yearly.
EPS 1Y (TTM)-86.08%
EPS 3Y19.61%
EPS 5YN/A
EPS growth Q2Q18.18%
Revenue 1Y (TTM)-22.89%
Revenue growth 3Y8.75%
Revenue growth 5Y4.36%
Revenue growth Q2Q-13.77%
3.2 Future
The Earnings Per Share is expected to grow by 16.29% on average over the next years. This is quite good.
CRBG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.24% yearly.
EPS Next Y22.06%
EPS Next 2Y20.9%
EPS Next 3Y21.43%
EPS Next 5Y16.29%
Revenue Next Year8.44%
Revenue Next 2Y7.32%
Revenue Next 3Y5.97%
Revenue Next 5Y7.24%
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 stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.21, the valuation of CRBG can be described as very cheap.
Based on the Price/Earnings ratio, CRBG is valued cheaply inside the industry as 91.18% of the companies are valued more expensively.
CRBG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.43.
With a Price/Forward Earnings ratio of 5.90, the valuation of CRBG can be described as very cheap.
Based on the Price/Forward Earnings ratio, CRBG is valued cheaper than 94.12% of the companies 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 20.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.21 | ||
| Fwd PE | 5.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRBG is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CRBG indicates a rather cheap valuation: CRBG is cheaper than 89.22% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.39 | ||
| EV/EBITDA | 23.1 |
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.
CRBG's earnings are expected to grow with 21.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y20.9%
EPS Next 3Y21.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.04%, CRBG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.42, CRBG pays a better dividend. On top of this CRBG pays more dividend than 81.37% of the companies listed in the same industry.
CRBG's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
5.2 History
CRBG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
155.98% of the earnings are spent on dividend by CRBG. This is not a sustainable payout ratio.
DP155.98%
EPS Next 2Y20.9%
EPS Next 3Y21.43%
COREBRIDGE FINANCIAL INC
NYSE:CRBG (5/10/2024, 7:04:00 PM)
After market: 29.5 -0.05 (-0.17%)29.55
-0.7 (-2.31%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap18.09B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
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(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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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 | 7.21 | ||
| Fwd PE | 5.9 | ||
| 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)0.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.29% | ||
| ROE | 9.38% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.95% | ||
| PM (TTM) | 6.12% | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| 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)-86.08%
EPS 3Y19.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y22.06%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-22.89%
Revenue growth 3Y8.75%
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