BROADRIDGE FINANCIAL SOLUTIONS, INC.
BRdata completeness 100%18 fiscal years on fileData notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'
BROADRIDGE FINANCIAL SOLUTIONS, INC. earns about 32% on equity, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $61.21 and $512.68 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Revenue | $5.71B1 | $6.06B2 | $6.51B3 | $6.89B3 | $7.48B3 |
| Net income | $539.1M4 | $630.6M5 | $698.1M6 | $839.5M6 | $1.12B6 |
| Operating cash flow | $443.5M7 | $823.3M8 | $1.06B9 | $1.17B9 | $1.35B9 |
| Capital expenditure | $29M10 | $38.4M11 | $57.4M12 | $43.8M12 | $67.2M12 |
| Free cash flow (derived) | $414.5M7 | $784.9M8 | $998.8M9 | $1.13B9 | $1.28B9 |
| Total debt | $7.59B13 | $6.83B14 | $6.71B15 | $6.5B16 | $6.51B16 |
| Cash & equivalents | $224.7M17 | $252.3M18 | $304.4M19 | $561.5M20 | $402.9M20 |
| Diluted shares | 118.5M | 119.0M | 119.1M | 118.3M | 117.1M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $242.57 of net worth that earned you $96.01 and generated $109.17 of cash last year, against $555.87 of debt.
It earned about 32% on equity, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has fallen 14% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $61.21 and $512.68 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth20.0%
- fcfBase$1.13B
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$1.13B
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$698.1M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $83.61 |
| Base | 20.0% | $257.3 |
| Bull | 20.0% | $257.3 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2022-06-30 · accession 0001383312-24-000039 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-06-30 · accession 0001628280-25-037656 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-06-30 · accession 0001628280-26-052243 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-06-30 · accession 0001383312-24-000039 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0001628280-25-037656 (NetIncomeLoss)
- 10-K · period ending 2024-06-30 · accession 0001628280-26-052243 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0001383312-24-000039 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0001628280-25-037656 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0001628280-26-052243 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-30 · accession 0001383312-24-000039 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0001628280-25-037656 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-06-30 · accession 0001628280-26-052243 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-06-30 · accession 0001383312-23-000037 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-06-30 · accession 0001383312-24-000039 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-06-30 · accession 0001628280-25-037656 (LongTermDebtNoncurrent)
- 10-K · period ending 2025-06-30 · accession 0001628280-26-052243 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-06-30 · accession 0001383312-23-000037 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-30 · accession 0001383312-24-000039 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-30 · accession 0001628280-25-037656 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2025-06-30 · accession 0001628280-26-052243 (CashAndCashEquivalentsAtCarryingValue)