Financials BGC Partners Nasdaq

Equities

BGCP

US05541T1016

Investment Banking & Brokerage Services

Market Closed - Nasdaq 03:59:52 2024-05-30 pm EDT 5-day change 1st Jan Change
8.555 USD +2.58% Intraday chart for BGC Partners +1.24% +93.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,071 1,450 1,715 1,396 3,583 4,234 -
Enterprise Value (EV) 1 2,071 1,450 1,715 1,396 3,583 4,234 4,234
P/E ratio 37.1 x 30.8 x 14.5 x 29 x - - -
Yield - - 0.86% 1.06% - - -
Capitalization / Revenue 0.98 x 0.71 x 0.85 x 0.78 x 1.77 x 1.92 x 1.77 x
EV / Revenue 0.98 x 0.71 x 0.85 x 0.78 x 1.77 x 1.92 x 1.77 x
EV / EBITDA 4,623,099 x 3,369,238 x 2,914,357 x - - - -
EV / FCF 5,344,345 x 6,504,468 x 4,711,905 x - - - -
FCF Yield 0% 0% 0% - - - -
Price to Book - - 2.72 x 2.09 x - - -
Nbr of stocks (in thousands) 348,645 362,595 368,740 370,217 496,244 494,588 -
Reference price 2 5.940 4.000 4.650 3.770 7.220 8.560 8.560
Announcement Date 2/6/20 2/24/21 2/16/22 2/27/23 2/14/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,104 2,057 2,015 1,795 2,025 2,200 2,386
EBITDA 448 430.5 588.3 - - - -
EBIT - - 377 - - - -
Operating Margin - - 18.71% - - - -
Earnings before Tax (EBT) - - - - - - -
Net income - 48.91 153.5 - - - -
Net margin - 2.38% 7.62% - - - -
EPS 0.1600 0.1300 0.3200 0.1300 - - -
Free Cash Flow 387.5 223 363.9 - - - -
FCF margin 18.42% 10.84% 18.06% - - - -
FCF Conversion (EBITDA) 86.5% 51.8% 61.85% - - - -
FCF Conversion (Net income) - 455.92% 237.08% - - - -
Dividend per Share - - 0.0400 0.0400 - - -
Announcement Date 2/6/20 2/24/21 2/16/22 2/27/23 2/14/24 - -
1USD in Million
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 1 461.6 506.5 435.8 416.6 436.5 532.9 493.1 482.7 516.8 578.6 545 534.1 542.3 646.8 595.8
EBITDA 230.3 141.3 113.9 107 - - - - - - - - - - -
EBIT 86.5 113.1 - - - - - - - - - - - - -
Operating Margin 18.74% 22.34% - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 88.79 30.7 - - - - - - - - - - - - -
Net margin 19.24% 6.06% - - - - - - - - - - - - -
EPS 0.2000 0.0700 0.0400 0.0200 0.0100 - - - - - - - - - -
Dividend per Share 0.0100 0.0100 0.0100 0.0100 0.0100 - 0.0100 0.0100 - - - - - - -
Announcement Date 2/16/22 5/3/22 8/3/22 11/2/22 2/27/23 5/3/23 8/2/23 10/30/23 2/14/24 4/30/24 - - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 388 223 364 - - - -
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share - - 1.710 1.800 - - -
Cash Flow per Share - - 0.7700 - - - -
Capex 95.5 84.8 53.3 - - - -
Capex / Sales 4.54% 4.12% 2.64% - - - -
Announcement Date 2/6/20 2/24/21 2/16/22 2/27/23 2/14/24 - -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
8.56 USD
Average target price
10 USD
Spread / Average Target
+16.82%
Consensus