AllianceBernstein Holding LP

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AB : NYSE : Financial
$21.55 -0.15 | -0.69%
Today's Range: 21.35 - 21.7
Avg. Daily Volume: 339100.0
03/27/17 - 1:18 PM ET

Financial Analysis


ALLIANCEBERNSTEIN HOLDING LP's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.13% from the same quarter last year.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)78.6356.89
EBITDA ($mil)78.6356.89
EBIT ($mil)78.6356.89
Net Income ($mil)72.6651.09


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)0.00.0
Total Assets ($mil)1540.511589.97
Total Debt ($mil)0.00.0
Equity ($mil)1539.891589.69


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin100.0100.0
EBITDA Margin100.0100.0
Operating Margin100.0100.0
Sales Turnover0.160.13
Return on Assets14.0511.68
Return on Equity14.0611.68
Debt Q4 FY16 Q4 FY15
Current Ratio0.00.0
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)96.65100.04
Div / share0.450.43
EPS0.770.52
Book value / share15.9315.89
Institutional Own % n/a n/a
Avg Daily Volume336914.0277760.0

Valuation


BUY. ALLIANCEBERNSTEIN HOLDING LP's P/E ratio indicates a significant discount compared to an average of 25.79 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 26.33. For additional comparison, its price-to-book ratio of 1.36 indicates a significant discount versus the S&P 500 average of 2.93 and a significant discount versus the industry average of 4.21. The current price-to-sales ratio is well above the S&P 500 average and above 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 9.67 Peers 25.79   AB 12.34 Peers 23.22

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.

 

Discount. 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 significant discount 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 10.21 Peers 16.63   AB NM Peers 1.50

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 1.36 Peers 4.21   AB 20.43 Peers 12.43

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 significant 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 8.74 Peers 8.32   AB 13.94 Peers 5.47

Average. 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 valuation on par with its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

AB has a sales growth rate that significantly exceeds its peers.

 

 

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