Company Analysis

BGC Group, Inc. BGC

A comprehensive view of key metrics, scores, and financial health for BGC Group, Inc.

Overview of BGC Group, Inc.

BGC NMS

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

BGC Group, Inc. (BGC), is a Mid Cap company, in the Capital Markets industry, last closed at $11.41, about 8.7% undervalued vs fair value, +25.2% 1Y return, ranked 359/1078 in sector.

Metrics P/E 27.7× Rev Growth 30.9% ROE 16.6% Gross Margin 38.9% Div Yield 0.93%

USD 11.41

1.60%

(Delayed)

• Vol 90d: 36.7%

52-Week Range

Low

8.31

71%

Now 11.41

High

12.65

Market Cap

$5.43B

Enterprise Value

$6.60B

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Fair

Health

Fair

Efficiency

Weak

Valuation

Fair

Growth

Fair

Profitability

Fair

Health

Fair

Efficiency

Weak

Valuation

Fair

Completeness: 100%

Confidence: 98%

Updated: Oct 31

Top Beats

No strong beats yet

Quick Facts

Website https://www.bgcg.com

HQ New York, NY

Fiscal year Dec 31

Next Events

Earnings Nov 5 Call: Nov 5

Fair Value Snapshot

Bear Base Bull

$12

$17

Current: $11.41 +9% vs base

Engine Room Money Flow™

Mid Cap

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

Flow Steps

Total Revenue

$2.9B

30.9%%

Operating Income (FRE Proxy)

$300.6M

62.4%%

EBITDA

$442.4M

28%%

Net Income

$155.0M

22%%

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 31% YoY — this may reflect lumpy performance fees or carried interest realizations rather than a structural increase.
Warning: Payout Ratio is 277%, exceeding 100% of Net Income. Capital returns may not be fully covered by current earnings.

Quality & Reliability Indicators

Operating Margin (FRE Proxy)

10.4%

Fair

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$429.7M

277.3% of Net Income

Where It Leaks

Cash Flow Health critical

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

Active Leaks

2/5

Improving

High Impact

Critical

Stock-Based Compensation Leak

Current: 83.6%

Conversion Leak

Stable

Locked Leak

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Locked Leak

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Scores based on quantitative metrics and qualitative factors

Full moat analysis

Key strengths

Sticky AUM Base Revenue stickiness is high (stability score 0.76).
Strong Cash Conversion Cash conversion quality is high (score 0.71).

Key risks

Elevated Leverage Leverage is elevated vs peers (score 0.27).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

73th percentile vs peers

Key Signals

Rev Growth YoY 30.9% 81p EPS Growth YoY 21.6% 63p EPS CAGR 3Y 48.9% 88p Revenue CAGR 3Y 17.6% 64p

Strengths

Rev Growth YoY in top 20% of peers (30.9%, 81th percentile)
EPS CAGR 3Y in top 20% of peers (48.9%, 88th percentile)
Growth above peer median with strong metric coverage (100%)

Risks

No significant risks identified for this axis.

Profitability

45th percentile vs peers

Key Signals

Strengths

Risks

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Safety

33th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for BGC Group, Inc..

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

$12.40

- - -

+8.7% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

BGC Group, Inc. BGC

Overview of BGC Group, Inc.

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

Locked Metric

Locked Metric

Locked Metric

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Stock-Based Compensation Leak

Locked Leak

Locked Leak

Locked Leak

Locked Leak

Key strengths

Key risks

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Fee Revenue Quality

Client Retention & Revenue Stickiness

Compensation Discipline

Capital Efficiency

Earnings Quality & Cash Conversion

Balance Sheet Strength

Growth

Profitability

Safety

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