AllianceBernstein Holding LP

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AB : NYSE : Financial
$24.35 up 0.42 | 1.80%
Today's Range: 23.64 - 24.34
Avg. Daily Volume: 200,400
07/29/16 - 12:02 PM ET

Financial Analysis


ALLIANCEBERNSTEIN HOLDING LP's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.37% from the same quarter last year.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)61.1351.62
EBITDA ($mil)61.1351.62
EBIT ($mil)61.1351.62
Net Income ($mil)55.5545.59


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)0.00.0
Total Assets ($mil)1566.851605.29
Total Debt ($mil)0.00.0
Equity ($mil)1560.91598.88


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin100.0100.0
EBITDA Margin100.0100.0
Operating Margin100.0100.0
Sales Turnover0.140.13
Return on Assets12.6411.85
Return on Equity12.6911.89
Debt Q1 FY16 Q1 FY15
Current Ratio0.00.0
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)98.38100.33
Div / share0.50.57
EPS0.560.45
Book value / share15.8715.94
Institutional Own % n/a n/a
Avg Daily Volume203423.0281239.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 18.21 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 1.52 indicates a discount versus the S&P 500 average of 2.81 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 12.02 Peers 18.21   AB 12.88 Peers 18.05

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 11.67 Peers 15.90   AB NM Peers 1.57

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 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 1.52 Peers 1.72   AB 3.62 Peers -45.07

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 10.65 Peers 3.04   AB 3.97 Peers -2.28

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.

 

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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