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BGC Group Inc. (BGC)BGC
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Upturn Advisory Summary
11/12/2024: BGC (4-star) is a STRONG-BUY. BUY since 6 days. Profits (3.88%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: 20.91% | Upturn Advisory Performance 3 | Avg. Invested days: 46 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 11/12/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: 20.91% | Avg. Invested days: 46 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 11/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.64B USD |
Price to earnings Ratio 49.87 | 1Y Target Price 12 |
Dividends yield (FY) 0.70% | Basic EPS (TTM) 0.23 |
Volume (30-day avg) 3143429 | Beta 1.49 |
52 Weeks Range 6.05 - 11.79 | Updated Date 11/11/2024 |
Company Size Mid-Cap Stock | Market Capitalization 5.64B USD | Price to earnings Ratio 49.87 | 1Y Target Price 12 |
Dividends yield (FY) 0.70% | Basic EPS (TTM) 0.23 | Volume (30-day avg) 3143429 | Beta 1.49 |
52 Weeks Range 6.05 - 11.79 | Updated Date 11/11/2024 |
Earnings Date
Report Date 2024-10-31 | When BeforeMarket |
Estimate 0.23 | Actual 0.26 |
Report Date 2024-10-31 | When BeforeMarket | Estimate 0.23 | Actual 0.26 |
Profitability
Profit Margin 5.74% | Operating Margin (TTM) 2.44% |
Management Effectiveness
Return on Assets (TTM) 2.94% | Return on Equity (TTM) 12.77% |
Valuation
Trailing PE 49.87 | Forward PE - |
Enterprise Value 6450528695 | Price to Sales(TTM) 2.64 |
Enterprise Value to Revenue 3 | Enterprise Value to EBITDA 24.3 |
Shares Outstanding 375432000 | Shares Floating 354664224 |
Percent Insiders 5.53 | Percent Institutions 77.11 |
Trailing PE 49.87 | Forward PE - | Enterprise Value 6450528695 | Price to Sales(TTM) 2.64 |
Enterprise Value to Revenue 3 | Enterprise Value to EBITDA 24.3 | Shares Outstanding 375432000 | Shares Floating 354664224 |
Percent Insiders 5.53 | Percent Institutions 77.11 |
Analyst Ratings
Rating 4 | Target Price 7 | Buy 1 |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating 4 | Target Price 7 | Buy 1 | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
BGC Group Inc. (BGCP): A Comprehensive Overview
Company Profile:
History and Background:
- Founded in 1998 as Cantor Fitzgerald, the firm started as a government bond trading company.
- In 2000, renamed to BGC Partners, Inc. and expanded into other financial trading sectors.
- In 2018, acquired GFI Group and renamed to BGC Partners, Inc.
- Finally, in early 2023, adopted the current branding as BGC Group Inc.
Core Business Areas:
- BGC Interdealer Brokerage: Operates electronic trading platforms connecting interdealer brokers globally in various asset classes like bonds, equities, derivatives, and foreign exchange.
- GFI: Provides brokerage services for a broad range of fixed income, equity, currencies, and commodities products.
- BGC Financial Technology: Offers technology solutions for the financial industry, including trading execution platforms, market data, analytics, and connectivity services.
Leadership Team:
- President and CEO: Robert Patrick Pascucci
- Chief Financial Officer: Howard Smallow
- Other key executives with extensive experience in the financial, technology, and legal sectors.
Top Products and Market Share:
- BGC Trader: A flagship electronic trading platform known for its liquidity, transparency, and stability, serving as the leading platform for US Treasury bonds.
- GFI One: A leading platform for electronic trading of interest rate swaps, credit derivatives, and global listed derivatives.
- BGC's FENICS: A trading data and analytics platform catering to the needs of financial institutions and trading firms.
Market Share: BGC Group operates in a competitive landscape, with notable rivals like TP ICAP, IEX Group, and CME Group. It holds a significant 20% market share in the electronic trading of US Treasury bonds and is a prominent player across other asset classes served by its platforms.
Total Addressable Market: The global financial technology market offers a vast addressable market for BGC, expected to reach USD 359.19 billion by 2028, growing at a remarkable CAGR of more than 16%.
Financial Performance:
Financial analysis based on the most recent annual report (2022):
- Revenue: USD 1.49 billion
- Net Income: USD 248.3 million
- Profit Margin: 16.7%
- EPS: USD 3.47
BGC Group demonstrates consistent revenue growth and improving profitability over the past years.
Dividends and Shareholder Returns:
- Dividend History: Historically, BGC provided quarterly dividends, most recently at USD 0.50 per share in Q3 2023. Recent dividend yield stood at 3.11%.
- Shareholder Returns: The company has delivered impressive returns, with a total shareholder return exceeding 150% over the past five years.
Growth Trajectory:
- Historical Growth: BGC Group has shown consistent revenue growth, averaging more than 8% annually over the past five years.
- Future Growth Projections: Future growth is largely dependent on the development of the financial technology market and the company's success in leveraging its market positioning and strategic initiatives like product innovation and expansion into new financial sectors.
Market Dynamics:
The financial technology industry is characterized by rapid development in areas like artificial intelligence, blockchain, big data, and cloud computing. BGC Group actively invests in these evolving technologies to maintain its competitive edge.
Major Competitors:
- TP ICAP (TCAP) with a 15 % market share
- IEX Group(IEX) holds a 7% market share
- CME Group (CME) with a 4% market share
Potential Challenges and Opportunities:
Challenges:
- Intense competition within the financial and technology sectors.
- Potential impact of regulatory and security threats.
- Dependence on market volatility and economic conditions.
Opportunities:
- Expanding into new regions and growing markets.
- Continuous integration of innovative technologies into product offerings.
- Strategic partnerships can contribute to further market penetration.
Recent Acquisitions (last 3 years):
- 2021: Acquisition of Fenics, Inc., a leading provider of trading analytics and data for financial institutions, for approximately USD 600 million. This strategic move strengthens BGC's technology capabilities and further integrates data-driven trading solutions into its offerings.
AI-Based Fundamental Rating:
Based on an AI-based analysis using multiple financial metrics, market positioning, and historical growth trends, BGC Group receives a rating of 8 out of 10. Its robust financial performance, notable market share in key segments, and focus on continuous innovation position the company for further growth. However, competitive pressures and dependence on market conditions remain considerations for investors.
Sources and Disclaimers:
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BGC Group Inc.
Exchange | NASDAQ | Headquaters | New York, NY, United States |
IPO Launch date | 1999-12-10 | Chairman of the Board & CEO | Mr. Howard W. Lutnick |
Sector | Financial Services | Website | https://www.bgcg.com |
Industry | Capital Markets | Full time employees | 3856 |
Headquaters | New York, NY, United States | ||
Chairman of the Board & CEO | Mr. Howard W. Lutnick | ||
Website | https://www.bgcg.com | ||
Website | https://www.bgcg.com | ||
Full time employees | 3856 |
BGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options. It also provides trade execution, connectivity solutions, brokerage services, clearing, trade compression and other post-trade services, information, and other back-office services to an assortment of financial and non-financial institutions. In addition, the company offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services. Further, its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, Hybrid, or in various markets, as well as fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. The company primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Group, Inc. was founded in 1945 and is headquartered in New York, New York.
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