Broadridge Net Income vs Gross Profit Analysis
| BR Stock | USD 195.69 2.63 1.36% |
Broadridge Financial financial indicator trend analysis is way more than just evaluating Broadridge Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Broadridge Financial is a good investment. Please check the relationship between Broadridge Financial Net Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadridge Financial Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Net Income vs Gross Profit
Net Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Broadridge Financial Net Income account and Gross Profit. At this time, the significance of the direction appears to have totally related.
The correlation between Broadridge Financial's Net Income and Gross Profit is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Broadridge Financial Solutions, assuming nothing else is changed. The correlation between historical values of Broadridge Financial's Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Broadridge Financial Solutions are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., Broadridge Financial's Net Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Broadridge Financial financial statement analysis. It represents the amount of money remaining after all of Broadridge Financial Solutions operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Broadridge Financial Solutions minus its cost of goods sold. It is profit before Broadridge Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from Broadridge Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Broadridge Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadridge Financial Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. As of 05/11/2024, Selling General Administrative is likely to grow to about 1 B, while Tax Provision is likely to drop slightly above 115.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.8B | 2.1B | 2.2B | Total Revenue | 5.7B | 6.1B | 7.0B | 3.7B |
Broadridge Financial fundamental ratios Correlations
Click cells to compare fundamentals
Broadridge Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Broadridge Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 4.9B | 8.1B | 8.2B | 8.2B | 9.5B | 9.9B | |
| Other Current Liab | 560.1M | 813.6M | 824.6M | 862.2M | 776.0M | 814.8M | |
| Total Current Liabilities | 1.3B | 1.3B | 1.3B | 2.4B | 2.8B | 2.9B | |
| Total Stockholder Equity | 1.3B | 1.8B | 1.9B | 2.2B | 2.6B | 2.7B | |
| Other Liab | 526.4M | 1.1B | 915.5M | 1.2B | 1.3B | 1.4B | |
| Property Plant And Equipment Net | 161.6M | 177.2M | 150.9M | 145.7M | 167.6M | 132.7M | |
| Current Deferred Revenue | 111.2M | 185.3M | 198.5M | 199.8M | 229.8M | 241.3M | |
| Net Debt | 1.3B | 3.6B | 3.6B | 3.2B | 3.6B | 3.8B | |
| Accounts Payable | 829.9M | 248.9M | 244.9M | 157.3M | 180.9M | 226.6M | |
| Cash | 476.6M | 274.5M | 224.7M | 252.3M | 290.1M | 323.5M | |
| Non Current Assets Total | 3.6B | 6.9B | 6.8B | 6.8B | 7.9B | 8.3B | |
| Non Currrent Assets Other | 1.1B | 1.5B | 1.9B | 829.2M | 953.6M | 509.0M | |
| Other Assets | 300K | 200K | (100K) | 1.2B | 1.4B | 1.5B | |
| Cash And Short Term Investments | 476.6M | 274.5M | 224.7M | 252.3M | 290.1M | 344.7M | |
| Net Receivables | 711.3M | 820.3M | 946.9M | 974M | 876.6M | 601.9M | |
| Good Will | 1.7B | 3.7B | 3.5B | 3.5B | 4.0B | 4.2B | |
| Common Stock Shares Outstanding | 117M | 117.8M | 118.5M | 119M | 107.1M | 101.5M | |
| Short Term Investments | 400K | 500K | 700K | 600K | 630K | 598.5K | |
| Liabilities And Stockholders Equity | 4.9B | 8.1B | 8.2B | 8.2B | 9.5B | 9.9B | |
| Non Current Liabilities Total | 2.2B | 5.0B | 4.9B | 3.6B | 4.1B | 4.3B | |
| Other Current Assets | 140.1M | 166.5M | 156.8M | 166.2M | 149.6M | 131.4M | |
| Other Stockholder Equity | (857.2M) | (785.4M) | (680.1M) | (589.3M) | (530.4M) | (503.9M) | |
| Total Liab | 3.5B | 6.3B | 6.2B | 6.0B | 6.9B | 7.2B | |
| Property Plant And Equipment Gross | 454.2M | 439.2M | 150.9M | 752.2M | 865.0M | 908.3M | |
| Total Current Assets | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | 984.1M | |
| Accumulated Other Comprehensive Income | (100.4M) | 9.2M | (226.3M) | (284.7M) | (256.2M) | (243.4M) | |
| Short Term Debt | 399.9M | 40.2M | 45.4M | 1.2B | 1.4B | 1.4B | |
| Intangible Assets | 583.8M | 1.4B | 1.1B | 1.5B | 1.7B | 1.8B | |
| Property Plant Equipment | 454.2M | 177.2M | 150.9M | 145.7M | 167.6M | 150.5M | |
| Short Long Term Debt Total | 1.8B | 3.9B | 3.8B | 3.4B | 3.9B | 4.1B | |
| Retained Earnings | 2.3B | 2.6B | 2.8B | 3.1B | 3.6B | 3.8B | |
| Long Term Debt | 1.4B | 3.9B | 3.8B | 2.2B | 2.6B | 1.3B | |
| Treasury Stock | (1.6B) | (2.0B) | (2.0B) | (2.0B) | (1.8B) | (1.7B) | |
| Net Tangible Assets | (911.8M) | (3.3B) | (2.6B) | (2.7B) | (2.4B) | (2.3B) | |
| Retained Earnings Total Equity | 2.3B | 2.6B | 2.8B | 3.1B | 3.6B | 3.8B | |
| Long Term Debt Total | 1.4B | 3.9B | 3.8B | 2.2B | 2.6B | 1.6B | |
| Capital Surpluse | 1.2B | 1.2B | 1.3B | 1.4B | 1.7B | 1.1B | |
| Inventory | 21.5M | 23.2M | 29.3M | 34.1M | 39.2M | 41.2M |
Pair Trading with Broadridge Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Broadridge Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Broadridge Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Broadridge Stock
| 0.72 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Broadridge Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadridge Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Broadridge Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Broadridge Financial Solutions to buy it.
The correlation of Broadridge Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadridge Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadridge Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Broadridge Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadridge Financial Solutions. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Broadridge Stock analysis
When running Broadridge Financial's price analysis, check to measure Broadridge Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Broadridge Financial is operating at the current time. Most of Broadridge Financial's value examination focuses on studying past and present price action to predict the probability of Broadridge Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadridge Financial's price. Additionally, you may evaluate how the addition of Broadridge Financial to your portfolios can decrease your overall portfolio volatility.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Is Broadridge Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Broadridge Financial. If investors know Broadridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Broadridge Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.072 | Dividend Share 3.125 | Earnings Share 5.87 | Revenue Per Share 54.319 | Quarterly Revenue Growth 0.049 |
The market value of Broadridge Financial is measured differently than its book value, which is the value of Broadridge that is recorded on the company's balance sheet. Investors also form their own opinion of Broadridge Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadridge Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Broadridge Financial's market value can be influenced by many factors that don't directly affect Broadridge Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Broadridge Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadridge Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadridge Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.