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BrightSphere Investment Group

DB:2B9
Snowflake Description

Solid track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2B9
DB
$513M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

BrightSphere Investment Group Inc. is a publically owned asset management holding company. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • BrightSphere Investment Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • BrightSphere Investment Group has significant price volatility in the past 3 months.
2B9 Share Price and Events
7 Day Returns
-2.6%
DB:2B9
-3.5%
DE Capital Markets
-3%
DE Market
1 Year Returns
-54.8%
DB:2B9
-11.3%
DE Capital Markets
-20.6%
DE Market
2B9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BrightSphere Investment Group (2B9) -2.6% -24.8% -34.9% -54.8% -60% -68.2%
DE Capital Markets -3.5% -21.2% -17.8% -11.3% -27.2% -56.6%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • 2B9 underperformed the Capital Markets industry which returned -11.3% over the past year.
  • 2B9 underperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
2B9
Industry
5yr Volatility vs Market

Value

 Is BrightSphere Investment Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BrightSphere Investment Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BrightSphere Investment Group.

DB:2B9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.94 * 65.6%
$0.62
Book Value of Equity per Share Median Book Value from the past 5 years. $0.94
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2B9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 21%) (119.35%))
1.299
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.299 * 5.44%)
6.68%

Discounted Cash Flow Calculation for DB:2B9 using Excess Returns Model Model

The calculations below outline how an intrinsic value for BrightSphere Investment Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:2B9 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (65.6% – 6.68%) * $0.94)
$0.55
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.55 / (6.68% - -0.39%)
$7.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.94 + $7.83
$8.77
DB:2B9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2B9 represents 0.93489x of NYSE:BSIG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93489x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 8.77 x 0.93489
€8.20
Value per share (EUR) From above. €8.20
Current discount Discount to share price of €5.60
= -1 x (€5.60 - €8.20) / €8.20
31.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BrightSphere Investment Group is available for.
Intrinsic value
32%
Share price is €5.6 vs Future cash flow value of €8.2
Current Discount Checks
For BrightSphere Investment Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BrightSphere Investment Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BrightSphere Investment Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BrightSphere Investment Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BrightSphere Investment Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2B9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.45
NYSE:BSIG Share Price ** NYSE (2020-04-03) in USD $5.99
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BrightSphere Investment Group.

DB:2B9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BSIG Share Price ÷ EPS (both in USD)

= 5.99 ÷ 2.45

2.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BrightSphere Investment Group is good value based on earnings compared to the DE Capital Markets industry average.
  • BrightSphere Investment Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does BrightSphere Investment Group's expected growth come at a high price?
Raw Data
DB:2B9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BrightSphere Investment Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BrightSphere Investment Group's assets?
Raw Data
DB:2B9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.75
NYSE:BSIG Share Price * NYSE (2020-04-03) in USD $5.99
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.66x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:2B9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BSIG Share Price ÷ Book Value per Share (both in USD)

= 5.99 ÷ 0.75

7.99x

* Primary Listing of BrightSphere Investment Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BrightSphere Investment Group is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess BrightSphere Investment Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. BrightSphere Investment Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BrightSphere Investment Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is BrightSphere Investment Group expected to grow at an attractive rate?
  • Unable to compare BrightSphere Investment Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BrightSphere Investment Group's earnings growth to the Germany market average as no estimate data is available.
  • BrightSphere Investment Group's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2B9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2B9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -0.9%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2B9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2B9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 792 1
2021-12-31 796 6
2020-12-31 757 6
2020-04-04
DB:2B9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 815 -139 224
2019-09-30 822 -72 179
2019-06-30 854 -101 157
2019-03-31 879 2 131
2018-12-31 920 195 136
2018-09-30 957 197 64
2018-06-30 951 256 29
2018-03-31 939 208 40
2017-12-31 887 140 4
2017-09-30 825 251 73
2017-06-30 772 163 88
2017-03-31 710 149 110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BrightSphere Investment Group is high growth as no earnings estimate data is available.
  • BrightSphere Investment Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2B9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from BrightSphere Investment Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2B9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-04
DB:2B9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.45
2019-09-30 1.86
2019-06-30 1.57
2019-03-31 1.26
2018-12-31 1.26
2018-09-30 0.59
2018-06-30 0.27
2018-03-31 0.36
2017-12-31 0.04
2017-09-30 0.65
2017-06-30 0.76
2017-03-31 0.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BrightSphere Investment Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess BrightSphere Investment Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BrightSphere Investment Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BrightSphere Investment Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BrightSphere Investment Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BrightSphere Investment Group's year on year earnings growth rate has been positive over the past 5 years.
  • BrightSphere Investment Group's 1-year earnings growth exceeds its 5-year average (64.7% vs 6.2%)
  • BrightSphere Investment Group's earnings growth has exceeded the DE Capital Markets industry average in the past year (64.7% vs 5.7%).
Earnings and Revenue History
BrightSphere Investment Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BrightSphere Investment Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2B9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 815.10 223.80 126.30
2019-09-30 821.50 179.00 128.20
2019-06-30 853.60 157.30 128.10
2019-03-31 879.00 131.40 126.90
2018-12-31 920.20 135.90 124.00
2018-09-30 956.80 64.20 119.80
2018-06-30 951.00 29.10 116.50
2018-03-31 938.60 39.90 115.20
2017-12-31 887.40 4.10 111.40
2017-09-30 824.80 72.90 107.30
2017-06-30 772.40 88.40 101.00
2017-03-31 710.10 110.20 96.00
2016-12-31 663.50 119.30 92.20
2016-09-30 640.30 137.00 87.80
2016-06-30 631.30 136.80 90.00
2016-03-31 688.30 150.60 90.20
2015-12-31 699.30 154.10 88.20
2015-09-30 802.40 151.10 89.30
2015-06-30 900.70 114.20 87.70
2015-03-31 947.50 77.80 85.00
2014-12-31 1,056.30 50.50 83.90
2014-09-30 1,038.10 16.60 78.40
2014-06-30 988.00 24.80 73.80
2014-03-31 974.40 28.40 70.20
2013-12-31 928.60 25.10 68.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst BrightSphere Investment Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • BrightSphere Investment Group used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • BrightSphere Investment Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BrightSphere Investment Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BrightSphere Investment Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BrightSphere Investment Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BrightSphere Investment Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BrightSphere Investment Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BrightSphere Investment Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BrightSphere Investment Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BrightSphere Investment Group Company Filings, last reported 3 months ago.

DB:2B9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 198.40 570.10 111.40
2019-09-30 152.70 603.60 117.90
2019-06-30 103.60 628.50 98.80
2019-03-31 51.60 628.40 74.10
2018-12-31 176.10 393.30 342.80
2018-09-30 171.70 408.10 339.80
2018-06-30 155.10 408.00 254.00
2018-03-31 209.20 392.90 177.40
2017-12-31 171.30 426.30 186.80
2017-09-30 146.40 426.10 126.70
2017-06-30 130.40 407.50 83.50
2017-03-31 191.70 392.40 118.00
2016-12-31 170.50 392.30 102.30
2016-09-30 219.80 392.20 151.60
2016-06-30 186.80 50.00 65.10
2016-03-31 176.20 85.00 70.40
2015-12-31 165.90 90.00 135.90
2015-09-30 124.20 70.00 126.80
2015-06-30 106.10 145.00 178.30
2015-03-31 63.10 213.00 124.50
2014-12-31 2,557.40 4,309.90 269.10
2014-09-30 2,555.10 4,335.60 278.40
2014-06-30 2,481.30 4,637.70 160.90
2014-03-31 2,526.20 5,475.00 177.00
2013-12-31 2,535.90 5,431.20 292.40
  • BrightSphere Investment Group's level of debt (287.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (168.6% vs 287.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • BrightSphere Investment Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess BrightSphere Investment Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BrightSphere Investment Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BrightSphere Investment Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.68%
Current annual income from BrightSphere Investment Group dividends. Estimated to be 7.03% next year.
If you bought €2,000 of BrightSphere Investment Group shares you are expected to receive €134 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BrightSphere Investment Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • BrightSphere Investment Group's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2B9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2B9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.49 1.00
2021-12-31 0.43 5.00
2020-12-31 0.40 5.00
2020-04-04
DB:2B9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-02 0.400 6.725
2019-11-12 0.400 4.048
2019-11-05 0.400 3.980
2019-08-09 0.400 4.205
2019-08-01 0.400 4.312
2019-05-09 0.400 3.521
2019-05-02 0.400 2.886
2019-02-28 0.400 2.872
2019-02-07 0.400 2.884
2018-11-08 0.400 3.378
2018-11-01 0.400 3.143
2018-08-02 0.400 3.230
2018-05-10 0.400 2.687
2018-05-03 0.400 2.600
2018-02-28 0.360 2.360
2018-02-01 0.360 2.257
2017-11-02 0.360 2.151
2017-08-03 0.360 2.511
2017-05-05 0.360 2.440
2017-05-04 0.360 2.400
2017-02-22 0.320 2.131
2017-02-02 0.320 2.142
2016-11-09 0.320 2.215
2016-11-02 0.320 2.548
2016-08-09 0.320 2.343
2016-08-04 0.320 2.325
2016-05-10 0.320 2.286
2016-05-05 0.320 2.271
2016-03-15 0.320 2.424
2016-02-04 0.320 2.786
2015-11-10 0.320 2.303
2015-11-04 0.320 1.933
2015-08-14 0.320 2.036
2015-08-06 0.320 1.813
2015-05-15 0.320 1.758
2015-05-14 0.320 1.676
2015-03-30 0.320 1.677
2015-02-27 0.320 1.791

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, BrightSphere Investment Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BrightSphere Investment Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of BrightSphere Investment Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess BrightSphere Investment Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BrightSphere Investment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BrightSphere Investment Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BrightSphere Investment Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Guang Yang
COMPENSATION $12,601,168
AGE 54
TENURE AS CEO 1.3 years
CEO Bio

Dr. Guang Yang, Ph.D., has been Executive Chairman of the Board of BBrightSphere Investment Group Inc. since November 30, 2018 and its Director since November 16, 2018. Dr. Yang has been Chief Executive Officer & President of BrightSphere Investment Group plc since December 15, 2018. He is the Managing Partner of H Plus Capital, a private market investment management firm, which he formed in August 2018 and the Founder and Chairman of Finergy Capital, a Beijing-based private equity fund, since October 2010. He served as a Director of BrightSphere Investment Group plc since June 12, 2017 until September 7, 2018. Dr. Yang is Founder of Finergy Capital and serves as its Chairman. Dr. Yang is the President of HNA Group North America, which he joined in January 2016. Dr. Yang serves as a Partner of Nicklaus-China. Dr. Yang is also a former CEO of Finergy Capital. He serves as the Chief Executive Officer of HNA Capital International. Dr. Yang also served as Executive Vice President, Senior Portfolio Manager and Research Analyst at Franklin Templeton Investment Counsel, LLC. He joined the Templeton Investment Counsel in 1995, where he had research responsibility for the European utilities and medical technology and supplies sectors. He is a Portfolio Manager at International Value Fund and Franklin Templeton International Equity Portfolio. Dr. Yang served as a Co-Portfolio Manager at American Century World Mutual Funds, Inc. He served as Executive Vice President, Senior Portfolio Manager and Research Analyst of Franklin Templeton Investments Global Equities, John Hancock Funds II - John Hancock International Value Fund and Templeton Global Opportunities Trust. He served as Portfolio Manager at Northwestern Mutual Series Fund, Inc. - International Equity Portfolio. Prior to joining Templeton, he worked at Bankers Trust Global Investment Bank Group in New York and in Hong Kong. Prior to that, Dr. Yang was a Research Scientist at the Harvard Medical School and Massachusetts General Hospital. He served as the Chairman for Franklin Templeton China. He serves as a Member of Strategic Advisory Board at Sonavation, Inc. He serves as a Director of Old Mutual plc. Dr. Yang earned a Ph.D. in Neuroscience from the Australian National University. He is a Chartered Financial Analyst Charter holder. Dr. Yang holds a Bachelor of Science degree from the University of Science and Technology of China and an M.B.A. degree from the Harvard Business School.

CEO Compensation
  • Insufficient data for Guang to compare compensation growth.
  • Guang's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the BrightSphere Investment Group management team in years:

1.4
Average Tenure
47
Average Age
  • The average tenure for the BrightSphere Investment Group management team is less than 2 years, this suggests a new team.
Management Team

Guang Yang

TITLE
Executive Chairman
COMPENSATION
$13M
AGE
54
TENURE
1.3 yrs

James Ritchie

TITLE
Consultant
COMPENSATION
$1M
AGE
64
TENURE
1.4 yrs

Suren Rana

TITLE
Chief Financial Officer
AGE
40
TENURE
1.3 yrs

Christina Wiater

TITLE
Principal Accounting Officer
AGE
37
TENURE
0.1 yrs

Brett Perryman

TITLE
Senior VP

Richard Hart

TITLE
Chief Legal Officer & Secretary

Tracy Aber

TITLE
Head of Human Resources

Trevedi Tewari

TITLE
Head of Institutional Business of United Kingdom & Ireland
TENURE
4.8 yrs

Olivier Lebleu

TITLE
Head of International Business

Steve Coyle

TITLE
Senior VP and Director of Subadvisory & Institutional Retirement
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the BrightSphere Investment Group board of directors in years:

1.4
Average Tenure
54
Average Age
  • The average tenure for the BrightSphere Investment Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Chersi

TITLE
Lead Independent Director
COMPENSATION
$231K
AGE
57
TENURE
1.4 yrs

Guang Yang

TITLE
Executive Chairman
COMPENSATION
$13M
AGE
54
TENURE
1.4 yrs

Barbara Trebbi

TITLE
Independent Director
COMPENSATION
$225K
AGE
53
TENURE
2.3 yrs

John Paulson

TITLE
Independent Director
AGE
64
TENURE
1.4 yrs

Reginald Love

TITLE
Independent Director
COMPENSATION
$126K
AGE
37
TENURE
1.7 yrs

Maliz Beams

TITLE
Independent Director
COMPENSATION
$80K
AGE
63
TENURE
1.5 yrs

Andrew Kim

TITLE
Independent Director
AGE
37
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Dec 19 Buy Guang Yang Individual 26. Dec 19 26. Dec 19 1 €9.10 €9
30. Dec 19 Buy Guang Yang Individual 27. Dec 19 30. Dec 19 50,000 €9.08 €451,991
09. Aug 19 Buy Guang Yang Individual 06. Aug 19 06. Aug 19 50,000 €8.13 €406,406
X
Management checks
We assess BrightSphere Investment Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BrightSphere Investment Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

BrightSphere Investment Group Inc. is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries. The firm was founded in 1980 is based Boston, Massachusetts. It was formally known as BrightSphere Investment Group plc. BrightSphere Investment Group Inc. was formed in 1980 and is based in Boston, Massachusetts.

Details
Name: BrightSphere Investment Group Inc.
2B9
Exchange: DB
Founded: 1980
$475,760,845
85,689,773
Website: http://www.bsig.com
Address: BrightSphere Investment Group Inc.
200 Clarendon Street,
53rd Floor,
Boston,
Massachusetts, 02116,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BSIG Ordinary Shares New York Stock Exchange US USD 10. Oct 2014
DB 2B9 Ordinary Shares Deutsche Boerse AG DE EUR 10. Oct 2014
Number of employees
Current staff
Staff numbers
54
BrightSphere Investment Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 01:47
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.