Company Analysis

Beneficient BENF

A comprehensive view of key metrics, scores, and financial health for Beneficient

Overview of Beneficient

BENF NCM

Financial Services Asset Management Framework: Asset Management & Capital Markets Micro Cap

Beneficient (BENF), is a Micro Cap company, in the Asset Management industry, last closed at $3.38, about 40790.4% undervalued vs fair value, +41.5% 1Y return, ranked 682/1037 in sector.

Metrics P/E 0.0× Rev Growth -92.0% ROE -25.5% Gross Margin 312.1%

USD 3.39

-2.73%

(Delayed)

• Vol 90d: 88.3%

52-Week Range

Low

2.22

12%

Now 3.39

High

11.92

Market Cap

$49.04M

Enterprise Value

$145.13M

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Fair

Health

Weak

Efficiency

Fair

Valuation

Weak

Growth

Fair

Profitability

Fair

Health

Weak

Efficiency

Fair

Valuation

Weak

Completeness: 82%

Confidence: 81%

Updated: Mar 8

Top Beats

Quick Facts

Website https://www.trustben.com

HQ Dallas, TX

Employees 55

Fiscal year Mar 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull

$1045

$1384

$1892

Current: $3.39 +40790% vs base

Engine Room Money Flow™

Micro Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps

Total Revenue

$-7.9M

92%%

Operating Income (FRE Proxy)

$-60.6M

72.7%%

EBITDA

$15.9M

100.6%%

Net Income

$51.2M

102.4%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Asset Management & Capital Markets

Data Quality Notes

Note: 'Operating Income (FRE Proxy)' approximates Fee-Related Earnings (FRE), the industry-standard non-GAAP metric for asset managers. True FRE excludes performance fees and carried interest, which are not separately disclosed in standard financial statements.
Note: Owner Pocket percentages are relative to Net Income (not FCF), as distributions are earnings-driven for asset management companies.
Revenue moved 92% YoY — this may reflect lumpy performance fees or carried interest realizations rather than a structural increase.

Quality & Reliability Indicators

Operating Margin (FRE Proxy)

762.2%

Excellent

Operating Income / Revenue — proxy for Fee-Related Earnings margin

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Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

1/3

Improving

High Impact

Critical

Non-Cash Earnings Intensity

Current: 453.8%

Conversion Leak

Locked Leak

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Scores based on quantitative metrics and qualitative factors

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Fee Revenue Quality

Moderate

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Client Retention & Revenue Stickiness

Moderate

Compensation Discipline

Strong

Capital Efficiency

Weak

Earnings Quality & Cash Conversion

Moderate

Balance Sheet Strength

Moderate

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 88% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

41th percentile vs peers

Key Signals

EPS Growth YoY 1.01 80p Rev Growth YoY -92.0% 7p

Strengths

EPS Growth YoY in top 20% of peers (1.01, 80th percentile)
Operating Margin in top 20% of peers (7.62, 99th percentile)
FCF Margin in top 20% of peers (4.88, 96th percentile)
ROA in top 20% of peers (14.1%, 91th percentile)

Risks

Rev Growth YoY in bottom 20% of peers (-92.0%)

Profitability

52th percentile vs peers

Key Signals

Strengths

Risks

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Safety

25th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Beneficient.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$1384.14

- - -

+40790.4% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Beneficient BENF

Overview of Beneficient

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Operating Margin (FRE Proxy)

Locked Metric

Locked Metric

Locked Metric

Non-Cash Earnings Intensity

Locked Leak

Locked Leak

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Fee Revenue Quality

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Client Retention & Revenue Stickiness

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Compensation Discipline

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Capital Efficiency

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Earnings Quality & Cash Conversion

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Balance Sheet Strength

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Growth

Profitability

Safety

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