AllianceBernstein Holding LP

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AB : NYSE : Financial
$21.90 | %
Today's Range: 21.78 - 22.13
Avg. Daily Volume: 204,200
08/26/16 - 4:02 PM ET

Financial Analysis


ALLIANCEBERNSTEIN HOLDING LP's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has decreased by 5.79% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)45.4954.41
EBITDA ($mil)45.4954.41
EBIT ($mil)45.4954.41
Net Income ($mil)39.948.22


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)0.00.0
Total Assets ($mil)1518.911612.74
Total Debt ($mil)0.00.0
Equity ($mil)1518.751612.14


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin100.0100.0
EBITDA Margin100.0100.0
Operating Margin100.0100.0
Sales Turnover0.140.14
Return on Assets12.4912.12
Return on Equity12.4912.13
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)96.54100.71
Div / share0.40.45
EPS0.410.48
Book value / share15.7316.01
Institutional Own % n/a n/a
Avg Daily Volume210215.0254044.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 19.95 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 25.30. For additional comparison, its price-to-book ratio of 1.40 indicates a discount versus the S&P 500 average of 2.83 and a discount versus the industry average of 1.72. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, ALLIANCEBERNSTEIN HOLDING LP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
AB 11.39 Peers 19.95   AB 12.07 Peers 12.99

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

AB is trading at a significant discount to its peers.

 

Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

AB is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
AB 11.45 Peers 17.53   AB NM Peers 1.39

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

AB is trading at a significant discount to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

AB's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AB 1.40 Peers 1.72   AB -2.04 Peers -31.01

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

AB is trading at a discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

AB is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AB 9.96 Peers 3.81   AB -2.91 Peers -3.40

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

AB is trading at a significant premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

AB significantly trails its peers on the basis of sales growth

 

 

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