Financials Brighthouse Financial, Inc.

Equities

BHF

US10922N1037

Multiline Insurance & Brokers

Market Closed - Nasdaq 04:00:00 2024-05-24 pm EDT 5-day change 1st Jan Change
43.3 USD +0.16% Intraday chart for Brighthouse Financial, Inc. -5.58% -18.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,235 3,241 4,135 3,544 3,398 2,689 - -
Enterprise Value (EV) 1 5,723 3,241 4,135 3,544 3,398 2,689 2,689 2,689
P/E ratio -5.8 x -3.13 x -21.9 x -37.7 x -2.88 x 18.5 x 2.79 x 2.15 x
Yield - - - - - - - -
Capitalization / Revenue 0.52 x 0.41 x 0.44 x 0.43 x 0.41 x 0.31 x 0.3 x 0.3 x
EV / Revenue 0.52 x 0.41 x 0.44 x 0.43 x 0.41 x 0.31 x 0.3 x 0.3 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - 8.28 x - -
FCF Yield - - - - - 12.1% - -
Price to Book 0.26 x 0.19 x 0.28 x 0.93 x 1.04 x 0.77 x 0.6 x 0.41 x
Nbr of stocks (in thousands) 107,943 89,504 79,819 69,130 64,205 62,111 - -
Reference price 2 39.23 36.20 51.80 51.27 52.92 43.30 43.30 43.30
Announcement Date 2/10/20 2/10/21 2/10/22 2/9/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,161 7,991 9,445 8,246 8,375 8,638 8,902 8,894
EBITDA - - - - - - - -
EBIT 1 861 -372 1,996 937 1,442 1,057 - -
Operating Margin 10.55% -4.66% 21.13% 11.36% 17.22% 12.24% - -
Earnings before Tax (EBT) - - - - - - 1,474 1,505
Net income 1 -761 -1,105 -197 -99 -1,214 143.4 861.5 1,010
Net margin -9.32% -13.83% -2.09% -1.2% -14.5% 1.66% 9.68% 11.36%
EPS 2 -6.760 -11.58 -2.360 -1.360 -18.39 2.342 15.51 20.15
Free Cash Flow 1 - - - - - 325 - -
FCF margin - - - - - 3.76% - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - 226.69% - -
Dividend per Share 2 - - - - - - - -
Announcement Date 2/10/20 2/10/21 2/10/22 2/9/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,319 2,241 3,797 1,482 2,022 1,993 2,161 2,088 2,133 - 2,199 2,200 2,209 2,223 2,230
EBITDA - - - - - - - - - - - - - - -
EBIT 1 445 442 350 143 245 296 359 396 282 -44 381 378 380 - -
Operating Margin 19.19% 19.72% 9.22% 9.65% 12.12% 14.85% 16.61% 18.97% 13.22% - 17.33% 17.18% 17.2% - -
Earnings before Tax (EBT) 1 - - - - -1,324 -653 -237 590 -1,174 -614 366 364 361 367 368
Net income 1 42 613 957 -702 -967 -525 -200 453 -942 -519 237 235 223 273 276
Net margin 1.81% 27.35% 25.2% -47.37% -47.82% -26.34% -9.25% 21.7% -44.16% - 10.78% 10.68% 10.1% 12.28% 12.38%
EPS 2 0.5100 7.910 12.77 -9.820 -14.01 -7.720 -3.010 6.890 -14.70 -8.220 3.488 3.499 3.424 4.770 4.970
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/10/22 5/9/22 8/4/22 11/7/22 2/9/23 5/8/23 8/8/23 11/7/23 2/12/24 5/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1,488 - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - - 325 - -
ROE (net income / shareholders' equity) 3.92% -1.63% 9.33% 6.08% 17.8% 14.3% 17.3% 13.4%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 149.0 189.0 185.0 55.10 51.10 55.90 71.90 105.0
Cash Flow per Share - 9.310 8.900 -15.60 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/10/20 2/10/21 2/10/22 2/9/23 2/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
9
Last Close Price
43.3 USD
Average target price
51 USD
Spread / Average Target
+17.78%
Consensus
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