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AllianceBernstein Holding LP (AllianceBernstein Holding LP) Intrinsic Value: Projected FCF : $39.89 (As of Apr. 25, 2024)


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What is AllianceBernstein Holding LP Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), AllianceBernstein Holding LP's Intrinsic Value: Projected FCF is $39.89. The stock price of AllianceBernstein Holding LP is $33.52. Therefore, AllianceBernstein Holding LP's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

The historical rank and industry rank for AllianceBernstein Holding LP's Intrinsic Value: Projected FCF or its related term are showing as below:

AB' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.76   Med: 0.83   Max: 1.14
Current: 0.84

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of AllianceBernstein Holding LP was 1.14. The lowest was 0.76. And the median was 0.83.

AB's Price-to-Projected-FCF is ranked better than
56.3% of 929 companies
in the Asset Management industry
Industry Median: 0.92 vs AB: 0.84

AllianceBernstein Holding LP Intrinsic Value: Projected FCF Historical Data

The historical data trend for AllianceBernstein Holding LP's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AllianceBernstein Holding LP Intrinsic Value: Projected FCF Chart

AllianceBernstein Holding LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.05 35.05 42.67 41.34 39.89

AllianceBernstein Holding LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.34 40.24 38.46 38.23 39.89

Competitive Comparison of AllianceBernstein Holding LP's Intrinsic Value: Projected FCF

For the Asset Management subindustry, AllianceBernstein Holding LP's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AllianceBernstein Holding LP's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, AllianceBernstein Holding LP's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where AllianceBernstein Holding LP's Price-to-Projected-FCF falls into.



AllianceBernstein Holding LP Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get AllianceBernstein Holding LP's Free Cash Flow(6 year avg) = $293.02.

AllianceBernstein Holding LP's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*293.01888+2076.245*0.8)/111.571
=39.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AllianceBernstein Holding LP  (NYSE:AB) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

AllianceBernstein Holding LP's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=33.52/39.890641491569
=0.84

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AllianceBernstein Holding LP Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of AllianceBernstein Holding LP's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AllianceBernstein Holding LP (AllianceBernstein Holding LP) Business Description

Traded in Other Exchanges
N/A
Address
501 Commerce Street, Nashville, TN, USA, 37203
AllianceBernstein provides investment management services to institutional (44% of assets under management), retail (39%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of October 2023, AB had $652 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (42%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Société Générale).
Executives
Thomas Simeone officer: Chief Accounting Officer ALLIANCEBERNSTEIN, 501 COMMERCE STREET, NASHVILLE TN 37203
Kate C Burke officer: Head of Human Capital and CTO /CO ALLIANCEBERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Joan M Lammtennant director 40 WANTAGE AVE, BRANCHVILLE NJ 07890
Karl Sprules officer: Head of Global Tech and Ops C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark R Manley officer: SVP/Acting GC of Gen. Partner C/O ALLIANCE CAPITAL, 1345 AVENUE OF AMERICAS, NEW YORK NY 10105
Onur Erzan officer: Head, Gl. Cl. Grp. & Pr. Wlth. C/O ALLIANCE BERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Stonehill Charles G.t. director C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Todd Walthall director C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Laurence E Cranch officer: General Counsel ALLIANCE CAPITAL MANAGEMENT L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ali Dibadj officer: CFO and Head of Strategy C/O JANUS HENDERSON GROUP, 151 DETROIT STREET, DENVER CO 80206
Bertram L Scott director C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
James A Gingrich officer: Chief Operating Officer C/O ALLIANCEBERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Seth P Bernstein director, officer: President and CEO C/O ALLIANCEBERNSTEIN HOLDING, L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Nella Domenici director C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John C Weisenseel officer: Chief Financial Officer C/O ALLIANCEBERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105