Franklin Resources Inc
NYSE:BEN
Intrinsic Value
Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. [ Read More ]
The intrinsic value of one BEN stock under the Base Case scenario is 45.38 USD. Compared to the current market price of 28.11 USD, Franklin Resources Inc is Undervalued by 38%.
Valuation Backtest
Franklin Resources Inc
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Fundamental Analysis
Firm Reports Growth in ETFs; Praises Team Effort
2024-Q1 Earnings Call
The company's Exchange-Traded Funds (ETFs) sustained a growth trajectory, marking approximately $1 billion in net inflows for the fifth straight quarter, catalyzing over a 40% surge in ETF assets under management (AUM) compared to the previous year. During the call, the team was commended, highlighting their global dedication as a point of pride, alongside their role in achieving significant operational results. Despite a quarterly dip, adjusted operating income saw an 18.5% decrease to $417 million, though it noted a year-on-year rise of 5.5%. With the acquisition of Putnam, the firm is proactively managing expenses, projecting a total adjusted operating expense for fiscal '24 to fall between $4.55 billion to $4.6 billion. The acquisition is anticipated to deliver an operating income contribution of $150 million to $170 million, offering slight immediate accretion to the firm's finances.
Balance Sheet Decomposition
Franklin Resources Inc
Current Assets | 5.3B |
Cash & Short-Term Investments | 3.9B |
Receivables | 1.5B |
Non-Current Assets | 24.5B |
Long-Term Investments | 11.7B |
PP&E | 1.6B |
Intangibles | 10.8B |
Other Non-Current Assets | 399.2m |
Current Liabilities | 3.7B |
Accounts Payable | 1B |
Accrued Liabilities | 2B |
Other Current Liabilities | 620m |
Non-Current Liabilities | 14.2B |
Long-Term Debt | 10.9B |
Other Non-Current Liabilities | 3.3B |
Earnings Waterfall
Franklin Resources Inc
Revenue
|
7.9B
USD
|
Operating Expenses
|
-6.5B
USD
|
Operating Income
|
1.4B
USD
|
Other Expenses
|
-454.4m
USD
|
Net Income
|
928.6m
USD
|
Free Cash Flow Analysis
Franklin Resources Inc
What is Free Cash Flow?
BEN Profitability Score
Profitability Due Diligence
Franklin Resources Inc's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
Score
Franklin Resources Inc's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
BEN Solvency Score
Solvency Due Diligence
Franklin Resources Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Score
Franklin Resources Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
BEN Price Targets Summary
Franklin Resources Inc
According to Wall Street analysts, the average 1-year price target for BEN is 28.31 USD with a low forecast of 24.24 USD and a high forecast of 31.5 USD.
Ownership
BEN Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
BEN Price
Franklin Resources Inc
Average Annual Return | 1.72% |
Standard Deviation of Annual Returns | 28.39% |
Max Drawdown | -56% |
Market Capitalization | 13.9B USD |
Shares Outstanding | 526 560 000 |
Percentage of Shares Shorted | 6.49% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. The company is headquartered in San Mateo, California and currently employs 10,400 full-time employees. The firm delivers its investment capabilities through a variety of investment products, which include its sponsored funds, as well as institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. In addition to investment management, its services include fund administration, sales and distribution, and shareholder servicing. The company offers a broad product mix of fixed income, equity, alternative, multi-asset and cash management asset classes and solutions that meet a variety of investment goals and needs for individual and institutional investors. The firm also provides sub-advisory services to certain investment products sponsored by other companies.
Contact
IPO
Employees
Officers
The intrinsic value of one BEN stock under the Base Case scenario is 45.38 USD.
Compared to the current market price of 28.11 USD, Franklin Resources Inc is Undervalued by 38%.