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Blucora

DB:3EV
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3EV
DB
$549M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Blucora, Inc. provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms in the United States. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Blucora has significant price volatility in the past 3 months.
3EV Share Price and Events
7 Day Returns
8.2%
DB:3EV
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-65.8%
DB:3EV
-6.9%
DE Capital Markets
-17.2%
DE Market
3EV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Blucora (3EV) 8.2% -35.2% -54.3% -65.8% -35.4% -18.4%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 3EV underperformed the Capital Markets industry which returned -6.9% over the past year.
  • 3EV underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
3EV
Industry
5yr Volatility vs Market
Related Companies

3EV Value

 Is Blucora 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 Blucora 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 Blucora.

DB:3EV 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
= $12.67 * 7%
$0.89
Book Value of Equity per Share Median Book Value from the past 5 years. $12.67
Discount Rate (Cost of Equity) See below 5.7%
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:3EV
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 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (73.18%))
1.126
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.126 * 5.44%)
5.74%

Discounted Cash Flow Calculation for DB:3EV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Blucora 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:3EV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7% – 5.74%) * $12.67)
$0.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.16 / (5.74% - -0.39%)
$2.59
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $12.67 + $2.59
$15.26
DB:3EV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3EV represents 0.91464x of NasdaqGS:BCOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91464x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 15.26 x 0.91464
€13.96
Value per share (EUR) From above. €13.96
Current discount Discount to share price of €10.50
= -1 x (€10.50 - €13.96) / €13.96
24.8%

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

Current Discount
Amount off the current price Blucora is available for.
Intrinsic value
25%
Share price is €10.5 vs Future cash flow value of €13.96
Current Discount Checks
For Blucora to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Blucora's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Blucora'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 Blucora's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Blucora's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3EV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.00
NasdaqGS:BCOR Share Price ** NasdaqGS (2020-04-01) in USD $11.48
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Blucora.

DB:3EV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BCOR Share Price ÷ EPS (both in USD)

= 11.48 ÷ 1.00

11.51x

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

  • Blucora is good value based on earnings compared to the DE Capital Markets industry average.
  • Blucora is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Blucora's expected growth come at a high price?
Raw Data
DB:3EV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-7.9%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:3EV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.51x ÷ -7.9%

-1.46x

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

  • Blucora earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Blucora's assets?
Raw Data
DB:3EV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.48
NasdaqGS:BCOR Share Price * NasdaqGS (2020-04-01) in USD $11.48
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:3EV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BCOR Share Price ÷ Book Value per Share (both in USD)

= 11.48 ÷ 13.48

0.85x

* Primary Listing of Blucora.

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

  • Blucora is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Blucora'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. Blucora has a total score of 4/6, 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.

3EV Future Performance

 How is Blucora expected to perform in the next 1 to 3 years based on estimates from 4 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
-7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Blucora expected to grow at an attractive rate?
  • Blucora's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Blucora's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Blucora's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3EV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3EV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -7.9%
DB:3EV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:3EV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3EV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 887 42 4
2020-12-31 828 27 4
2020-04-02
DB:3EV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 718 93 48
2019-09-30 670 96 12
2019-06-30 616 96 57
2019-03-31 580 118 61
2018-12-31 560 106 45
2018-09-30 557 99 73
2018-06-30 552 98 74
2018-03-31 533 77 42
2017-12-31 510 73 27
2017-09-30 499 78 3
2017-06-30 492 76 6
2017-03-31 473 74 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Blucora's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Blucora's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).
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:3EV 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 4 Analyst Estimates (S&P Global) See Below

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

DB:3EV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.90 1.30 0.47 3.00
2020-12-31 0.54 0.73 0.22 3.00
2020-04-02
DB:3EV Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.00
2019-09-30 0.26
2019-06-30 1.19
2019-03-31 1.29
2018-12-31 0.94
2018-09-30 1.56
2018-06-30 1.59
2018-03-31 0.92
2017-12-31 0.61
2017-09-30 0.07
2017-06-30 0.15
2017-03-31 0.20

*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.
  • Unable to establish if Blucora will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Blucora'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.
Blucora 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.

3EV Past Performance

  How has Blucora 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 Blucora'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.
  • Blucora has delivered over 20% year on year earnings growth in the past 5 years.
  • Blucora's 1-year earnings growth is less than its 5-year average (7.8% vs 63.5%)
  • Blucora's earnings growth has exceeded the DE Capital Markets industry average in the past year (7.8% vs 3.2%).
Earnings and Revenue History
Blucora'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 Blucora Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3EV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 717.95 48.15 204.73 30.93
2019-09-30 669.78 12.40 186.90 27.43
2019-06-30 616.15 57.28 182.86 23.04
2019-03-31 580.26 61.49 175.81 20.73
2018-12-31 560.46 44.66 171.49 19.33
2018-09-30 557.05 73.13 169.70 19.80
2018-06-30 551.83 73.73 166.51 20.60
2018-03-31 533.15 41.80 163.10 20.00
2017-12-31 509.56 27.04 155.47 19.61
2017-09-30 498.51 2.87 149.52 18.98
2017-06-30 491.58 6.18 147.24 18.52
2017-03-31 472.52 8.40 142.26 18.23
2016-12-31 455.91 -2.04 136.37 17.78
2016-09-30 371.98 -10.26 121.37 14.48
2016-06-30 291.61 -8.88 108.77 11.14
2016-03-31 202.41 -12.00 93.09 8.31
2015-12-31 117.71 -12.73 76.66 5.11
2015-09-30 -254.05 -28.41 10.88 -7.69
2015-06-30 -142.07 -18.44 27.52 -2.97
2015-03-31 -31.40 -12.12 43.38 0.71
2014-12-31 103.72 -5.54 67.69 3.76
2014-09-30 639.95 31.35 159.09 18.65
2014-06-30 649.21 27.11 156.89 15.59
2014-03-31 624.83 26.78 146.93 13.28
2013-12-31 91.21 -25.66 63.02 3.25
2013-09-30 504.11 29.35 104.33 10.49
2013-06-30 472.86 33.44 93.34 9.99

*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.
  • Blucora has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Blucora used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Blucora has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Blucora'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.
Blucora has a total score of 4/6, 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.

3EV Health

 How is Blucora'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 Blucora's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Blucora is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Blucora's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Blucora'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 0.4x 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 Blucora Company Filings, last reported 3 months ago.

DB:3EV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 643.52 392.71 80.82
2019-09-30 634.85 382.83 97.47
2019-06-30 705.23 382.50 109.61
2019-03-31 671.05 260.57 149.76
2018-12-31 632.54 260.39 84.52
2018-09-30 645.91 260.21 88.27
2018-06-30 655.57 260.03 89.84
2018-03-31 611.38 299.08 77.11
2017-12-31 559.42 338.08 59.97
2017-09-30 544.59 346.79 78.56
2017-06-30 544.35 356.41 78.31
2017-03-31 521.28 380.17 74.77
2016-12-31 432.72 414.96 58.81
2016-09-30 466.97 450.03 75.66
2016-06-30 526.43 491.34 82.09
2016-03-31 524.98 508.87 79.60
2015-12-31 477.32 571.40 66.77
2015-09-30 535.74 218.05 292.34
2015-06-30 541.63 217.08 296.89
2015-03-31 527.80 241.06 311.44
2014-12-31 479.03 233.00 293.59
2014-09-30 556.83 247.43 280.39
2014-06-30 566.36 248.50 278.62
2014-03-31 565.99 259.59 336.39
2013-12-31 514.07 302.68 333.71
2013-09-30 483.63 245.85 248.38
2013-06-30 490.72 243.98 415.49
  • Blucora's level of debt (61%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (48.6% vs 61% today).
  • Debt is well covered by operating cash flow (23.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Blucora'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. Blucora has a total score of 3/6, 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.

3EV Dividends

 What is Blucora'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
0%
Current annual income from Blucora dividends.
If you bought €2,000 of Blucora shares you are expected to receive €0 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?
  • Unable to evaluate Blucora's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Blucora's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:3EV 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 4 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:3EV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-02

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

  • Unable to perform a dividend volatility check as Blucora has not reported any payouts.
  • Unable to verify if Blucora's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Blucora's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Blucora has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Blucora'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 Blucora afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Blucora has a total score of 0/6, see the detailed checks below.


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

3EV Management

 What is the CEO of Blucora'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
Chris Walters
COMPENSATION $176,929
AGE 45
TENURE AS CEO 0.3 years
CEO Bio

Mr. Christopher W. Walters, also known as Chris, serves as President and Chief Executive Officer at Blucora, Inc. since January 30, 2020. Mr. Walters serves as the Chief Executive Officer at Encompass Digital Media, Inc. He joined Encompass Digital Media in January 2015. From March 2012 to December 2014, Mr. Walters served as the Chief Operating Officer of The Weather Company, The Weather Channel Interactive, Inc and The Weather Channel, LLC. Prior to joining The Weather Company in March of 2012, he served at Bloomberg L.P. in a variety of roles since 2008 until 2012. He served as the Chief Operating Officer of the Bloomberg Industry Verticals Group, where he was responsible for operations, strategy, business development and expansion of the premium web-based subscription businesses. He launched Bloomberg Government and led news and multimedia strategy for Bloomberg's collection of media properties across TV, online, mobile and syndication. Prior to Bloomberg, he was a Partner at McKinsey & Company in New York, where he advised media, entertainment and investment companies. His career began in 1996 as a Marketing Strategist at Hallmark Cards. He has been a Director of Blucora, Inc. since May 13, 2014. Mr. Walters earned his BS in Business Administration from the University of Vermont and his MBA at the University of Chicago.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Blucora management team in years:

0.8
Average Tenure
52
Average Age
  • The average tenure for the Blucora management team is less than 2 years, this suggests a new team.
Management Team

Chris Walters

TITLE
President
COMPENSATION
$177K
AGE
45
TENURE
0.3 yrs

Ann Bruder

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$2M
AGE
55
TENURE
2.8 yrs

Todd Mackay

TITLE
Chief Business Operations & Development Officer
COMPENSATION
$1M
AGE
44

Davinder Athwal

TITLE
COMPENSATION
$2M
AGE
52
TENURE
0.3 yrs

Mimi Carsley

TITLE
Interim Chief Financial Officer
TENURE
0.1 yrs

Bill Michalek

TITLE
Vice President of IR & Corporate Communications

Amit Seshan

TITLE
Executive Vice President of Business Operations
TENURE
0.8 yrs

Curtis Campbell

TITLE
President of TaxAct
AGE
46
TENURE
1.5 yrs

Mike Hogan

TITLE
President of Tax-Smart Innovation
AGE
57
TENURE
1.5 yrs

Enrique Vasquez

TITLE
President of Wealth Management
AGE
53
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Blucora board of directors in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the Blucora board of directors is less than 3 years, this suggests a new board.
Board of Directors

Georganne Proctor

TITLE
Chairman
COMPENSATION
$195K
AGE
63
TENURE
0.8 yrs

Chris Walters

TITLE
President
COMPENSATION
$177K
AGE
45
TENURE
5.9 yrs

Mary Zappone

TITLE
Independent Director
COMPENSATION
$176K
AGE
54
TENURE
5.1 yrs

Steven Aldrich

TITLE
Independent Director
COMPENSATION
$169K
AGE
48
TENURE
2.8 yrs

E. Hayles

TITLE
Independent Director
COMPENSATION
$290K
AGE
56
TENURE
1.8 yrs

John MacIlwaine

TITLE
Independent Director
COMPENSATION
$287K
AGE
49
TENURE
1.8 yrs

Mark Ernst

TITLE
Independent Director
AGE
61
TENURE
0.1 yrs

Jana Schreuder

TITLE
Independent Director
AGE
60
TENURE
0.1 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 (€)
07. Jun 19 Sell Georganne Proctor Individual 05. Jun 19 05. Jun 19 -2,768 €27.82 €-77,006
06. Jun 19 Sell Mary Zappone Individual 04. Jun 19 04. Jun 19 -6,432 €28.04 €-180,375
24. May 19 Sell H. Gardner Individual 24. May 19 24. May 19 -2,500 €28.60 €-71,498
15. May 19 Sell John Palmer Individual 13. May 19 15. May 19 -1,304 €28.24 €-36,799
X
Management checks
We assess Blucora'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. Blucora 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.

3EV News

Simply Wall St News

3EV Company Info

Description

Blucora, Inc. provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors. The Tax Preparation segment provides digital do-it-yourself tax preparation solutions through TaxAct.com; and ancillary services, including refund payment transfer, audit defense, stored value cards, gift cards, retirement investment accounts, and e-filing services. This segment also offers professional tax preparer software that allows professional tax preparers to prepare and file individual and business returns. The company was formerly known as InfoSpace, Inc. and changed its name to Blucora, Inc. in June 2012. Blucora, Inc. was founded in 1996 and is headquartered in Irving, Texas.

Details
Name: Blucora, Inc.
3EV
Exchange: DB
Founded: 1996
$502,222,705
47,837,750
Website: http://www.blucora.com
Address: Blucora, Inc.
6333 State Highway 161,
4th Floor,
Irving,
Texas, 75038,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BCOR Common Stock Nasdaq Global Select US USD 15. Dec 1998
DB 3EV Common Stock Deutsche Boerse AG DE EUR 15. Dec 1998
BRSE 3EV Common Stock Berne Stock Exchange CH CHF 15. Dec 1998
Number of employees
Current staff
Staff numbers
690
Blucora employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 01:28
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2020/02/28
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.