Broadridge Financial Solutions, Inc. (BR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+7.2%

$196.34

vs $183.20 price

Levered DCF

$143.36

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.15

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.16×	33.9×	33.15×	30.9×	30.85×	34.15×	31.31×	31.1×
P/B	5.61×	10.72×	10.67×	8.7×	8.67×	10.33×	10.75×	13.3×
P/S	2.13×	4.13×	3.56×	3.22×	2.91×	3.74×	3.2×	3.44×
EV / EBITDA	11.6×	18.53×	17.54×	16.79×	16.74×	22.37×	17.43×	17.74×
Gross margin	31.8%	31.0%	29.7%	29.5%	27.9%	28.5%	27.9%	28.2%
Operating margin	17.4%	17.3%	15.6%	15.4%	13.3%	13.6%	13.8%	15.0%
Net margin	15.0%	12.2%	10.7%	10.4%	9.4%	11.0%	10.2%	11.1%
Current ratio	1.24×	0.98×	1.08×	0.58×	1.01×	0.98×	0.99×	1.3×
Debt / equity	1.24×	1.3×	1.65×	1.63×	2.12×	2.32×	1.57×	1.3×
Interest coverage	-13.02×	8.75×	6.77×	6.52×	8.66×	11.8×	10×	14.22×
Dividend yield	2.8%	1.4%	1.6%	1.7%	1.7%	1.4%	1.7%	1.4%
Payout ratio	39.4%	47.9%	52.7%	52.5%	53.9%	47.8%	52.1%	43.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	39.6%	31.6%	32.2%	28.1%	28.1%	30.3%	34.3%	42.8%
Return on invested capital	13.4%	13.1%	11.8%	10.5%	8.8%	7.8%	12.5%	16.8%
Return on assets	12.6%	9.8%	8.5%	7.7%	6.6%	6.7%	9.5%	12.4%
Free cash flow yield	8.0%	3.7%	4.1%	3.8%	2.2%	2.9%	3.5%	3.6%
Earnings yield	7.1%	2.9%	3.0%	3.2%	3.2%	2.9%	3.2%	3.2%
Enterprise value	$19B	$31.4B	$26.4B	$22.9B	$20.5B	$22.6B	$16.1B	$16.2B
Net debt / EBITDA	1.9×	1.71×	2.17×	2.49×	3.14×	3.88×	1.77×	1.31×
Cash conversion cycle (days)	47	40	37	48	39	35	43	42