Explain this page
Arphra AIPlain-English read on Broadridge Financial Solutions, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
BSolid
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin31.0%
Operating margin17.3%
Net margin12.2%
ROE31.6%
ROA9.8%
ROIC17.0%
Liquidity & leverage
Current ratio0.98×
Quick ratio0.98×
Debt / equity1.30×
Net debt / EBITDA1.71×
Interest coverage9×
Efficiency & per-share
Asset turnover0.81×
Inventory days0
Days sales out.57
FCF / share$8.93
Book value / share$22.44
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $23.14B | $28.46B | — | — | — | — |
| Enterprise value | — | — | — | $26.41B | $31.36B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 4.06 | 4.55 | — | — | — | — |
| EV / FCF | — | — | — | 28.00 | 29.68 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +3.02% | +2.95% | — | — | — | — |
| Free cash flow yield | — | — | — | +4.08% | +3.71% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +28.49% | +27.89% | +29.46% | +29.72% | +31.02% | +29.93% | +30.84% | +30.07% | +30.21% |
| Operating margin | +13.59% | +13.31% | +15.45% | +15.63% | +17.25% | +16.13% | +16.45% | +15.70% | +16.08% |
| EBITDA margin | +20.29% | +21.44% | +22.46% | +23.14% | +24.57% | +23.86% | +22.98% | +22.70% | +22.97% |
| EBIT margin | +13.59% | +13.31% | +15.45% | +15.79% | +17.34% | +16.37% | +16.06% | +15.82% | +16.02% |
| Pre-tax margin | +13.94% | +11.77% | +13.12% | +13.48% | +15.37% | +13.91% | +14.19% | +14.18% | +13.60% |
| Net margin | +10.96% | +9.44% | +10.40% | +10.73% | +12.19% | +10.99% | +11.38% | +10.98% | +10.93% |
| Cost structure | |||||||||
| Cost of revenue / sales | +71.51% | +72.11% | +70.54% | +70.28% | +68.98% | +69.18% | +68.89% | +71.40% | +70.84% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +14.90% | +14.58% | +14.01% | +14.09% | +13.76% | +14.27% | +14.16% | +14.11% | +13.77% |
| Effective tax rate | +21.36% | +19.80% | +20.67% | +20.44% | +20.70% | +21.25% | +20.20% | +20.69% | +21.08% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +30.26% | +28.09% | +28.14% | +32.20% | +31.62% | +29.39% | +30.74% | +30.60% | +29.86% |
| Return on assets (ROA) | +6.74% | +6.60% | +7.66% | +8.47% | +9.82% | +8.62% | +8.68% | +8.68% | +8.69% |
| Return on capital (ROC) | +11.31% | +12.70% | +15.89% | +17.70% | +19.44% | +17.21% | +17.91% | +17.09% | +17.79% |
| Return on invested capital (ROIC) | +9.12% | +9.01% | +10.70% | +12.15% | +13.73% | +11.73% | +12.39% | +11.95% | +12.09% |
| Asset turnover | +61.50% | +69.89% | +73.62% | +78.94% | +80.62% | +78.42% | +76.34% | +79.05% | +79.56% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +10.96% | +9.44% | +10.40% | +10.73% | +12.19% | +10.99% | +11.38% | +10.98% | +10.93% |
| Asset turnover (× revenue / assets) | +61.50% | +69.89% | +73.62% | +78.94% | +80.62% | +78.42% | +76.34% | +79.05% | +79.56% |
| Equity multiplier (× assets / equity) | +448.81% | +425.64% | +367.46% | +380.15% | +321.82% | +340.93% | +354.01% | +352.67% | +343.46% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.62 | 0.70 | 0.74 | 0.79 | 0.81 | 0.78 | 0.76 | 0.79 | 0.80 |
| Fixed-asset turnover | 11.37 | 15.28 | 41.60 | 18.68 | 19.89 | — | — | — | — |
| Inventory turnover | — | — | 125.38 | 149.93 | — | — | — | — | — |
| Receivables turnover | 6.09 | 6.03 | 6.22 | 6.11 | 6.40 | — | — | — | — |
| Payables turnover | 14.35 | 16.81 | 27.18 | 14.56 | 21.57 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 59.96 | 60.54 | 58.66 | 59.78 | 57.07 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | 2.91 | 2.43 | — | — | — | — | — |
| Days payables outstanding (DPO) | 25.44 | 21.71 | 13.43 | 25.06 | 16.92 | — | — | — | — |
| Cash conversion cycle | 34.52 | 38.83 | 48.14 | 37.15 | 40.15 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.17 | 0.82 | 1.31 | 1.51 | 1.40 | 1.42 | 1.34 | 1.39 | 1.46 |
| FCF / Net income | 0.99 | 0.69 | 1.19 | 1.35 | 1.26 | 1.30 | 1.25 | 1.32 | 1.31 |
| FCF margin | +10.80% | +6.49% | +12.34% | +14.50% | +15.33% | +14.31% | +14.21% | +14.44% | +14.37% |
| OCF margin | +12.82% | +7.77% | +13.58% | +16.23% | +17.00% | +15.65% | +15.24% | +15.23% | +15.91% |
| CapEx / Revenue | +2.02% | +1.28% | +1.24% | +1.74% | +1.67% | +1.53% | +1.56% | +1.52% | +1.58% |
| CapEx / D&A | 0.46 | 0.22 | 0.25 | 0.24 | 0.35 | — | — | — | — |
| Stock-based comp / Revenue | +1.17% | +1.20% | +1.21% | +1.09% | +1.07% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 4.65 | 4.55 | 5.30 | 5.86 | 7.10 | 9.54 | 10.39 | 11.37 | 12.60 |
| EPS · basic | 4.73 | 4.62 | 5.36 | 5.93 | 7.17 | 9.68 | 10.65 | 11.38 | 12.78 |
| Book value / share | 15.36 | 16.20 | 18.83 | 18.20 | 22.44 | 23.39 | 24.43 | 24.69 | 25.95 |
| Tangible BV / share | -28.32 | -22.30 | -22.59 | -21.90 | -18.87 | 23.39 | 24.43 | 24.69 | 25.95 |
| Sales / share | 42.39 | 48.18 | 50.93 | 54.63 | 58.23 | 62.54 | 66.03 | 68.84 | 70.92 |
| Operating CF / share | 5.43 | 3.74 | 6.92 | 8.87 | 9.90 | 9.79 | 10.07 | 10.48 | 11.29 |
| Free cash flow / share | 4.58 | 3.13 | 6.29 | 7.92 | 8.93 | 8.95 | 9.39 | 9.94 | 10.19 |
| Dividends / share | 2.22 | 2.45 | 2.78 | 3.09 | 3.40 | 3.54 | 3.70 | 3.93 | 4.06 |
| Payout ratio | +47.80% | +53.92% | +52.49% | +52.74% | +47.92% | +51.46% | +49.31% | +52.04% | +52.44% |
| Retention ratio | +52.20% | +46.08% | +47.51% | +47.26% | +52.08% | +48.54% | +50.69% | +47.96% | +47.56% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +14.33% | +6.16% | +7.36% | +5.88% | +7.83% | +4.55% | +5.16% | +3.46% | +6.80% |
| Gross profit · YoY | — | +11.90% | +12.13% | +8.32% | +10.49% | +4.05% | +7.72% | +2.56% | +3.93% | +7.58% |
| Profit | ||||||||||
| Operating income · YoY | — | +11.96% | +23.23% | +8.62% | +16.86% | +0.81% | +6.60% | +0.40% | +5.95% | +9.06% |
| EBITDA · YoY | — | +20.78% | +11.23% | +10.58% | +12.43% | +4.71% | +0.72% | +3.85% | +4.72% | +8.47% |
| Net income · YoY | — | -1.53% | +16.97% | +10.70% | +20.25% | -2.72% | +8.18% | +1.49% | +2.99% | +6.75% |
| Operating | ||||||||||
| EBIT · YoY | — | +11.98% | +23.23% | +9.74% | +16.24% | +1.78% | +2.58% | +3.62% | +4.72% | +9.01% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -2.15% | +16.48% | +10.57% | +21.16% | +34.41% | +8.87% | +9.44% | +10.81% | +13.27% |
| EPS · basic · YoY | — | -2.33% | +16.02% | +10.63% | +20.91% | +34.94% | +10.04% | +6.92% | +12.23% | +13.22% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $4.19B | $4.07B | $3.65B | $3.58B | $3.46B | $4.18B | $4.26B | $4.58B | $4.54B |
| Net debt | $3.92B | $3.84B | $3.4B | $3.27B | $2.9B | $3.76B | $3.82B | $4.13B | $4.05B |
| Net debt / EBITDA | 3.86 | 3.14 | 2.50 | 2.17 | 1.71 | 2.12 | 2.14 | 2.23 | 2.09 |
| Debt / equity | 2.32 | 2.12 | 1.63 | 1.65 | 1.30 | 1.51 | 1.48 | 1.56 | 1.47 |
| Debt / assets | +51.61% | +49.78% | +44.36% | +43.40% | +40.48% | +44.18% | +41.86% | +44.29% | +42.79% |
| Equity / assets | +22.28% | +23.49% | +27.21% | +26.31% | +31.07% | +29.33% | +28.25% | +28.36% | +29.12% |
| Coverage | |||||||||
| EBITDA / interest expense | 17.62 | 13.96 | 9.47 | 10.02 | 12.46 | 11.08 | 10.35 | 10.33 | 10.13 |
| Operating income / interest | 11.80 | 8.66 | 6.52 | 6.77 | 8.75 | 7.49 | 7.40 | 7.15 | 7.09 |
| Interest expense | $57.5M | $87.7M | $143.7M | $150.2M | $135.8M | $159.99M | $172.54M | $179.4M | $191.57M |
| Liquidity | |||||||||
| Current ratio | 0.98 | 1.01 | 0.58 | 1.08 | 0.98 | — | — | — | — |
| Quick ratio | 0.85 | 0.89 | 0.51 | 0.96 | 0.88 | — | — | — | — |
| Cash ratio | 0.21 | 0.17 | 0.11 | 0.21 | 0.30 | — | — | — | — |
| Working capital | -$26.7M | $15.1M | -$1.01B | $119.1M | -$44.2M | — | — | — | — |
| Working capital / revenue | -0.53% | +0.26% | -16.59% | +1.83% | -0.64% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 4.55x | 4.06x |
| Earnings yield | 2.9% | 3.0% |
| FCF yield | 3.7% | 4.1% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 31.6% | 32.2% |
| ROA | 9.8% | 8.5% |
| ROIC | 13.1% | 11.8% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 1.71 | 2.17 |
| Interest coverage | — | — |
| Current ratio | 0.98x | 1.08x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).