Added to YB: 2024-01-08
Pitch date: 2024-01-08
BGC [bullish]
BGC Group, Inc.
+57.96%
current return
Author Info
No bio for this author
Company Info
BGC Group, Inc. operates as a financial brokerage and technology company in the United States, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$4.6B
Pitch Price
$6.58
Price Target
10.00 (-4%)
Dividend
0.82%
EV/EBITDA
N/A
P/E
31.64
EV/Sales
N/A
Sector
Capital Markets
Category
growth
BGC GROUP INC - BGC
BGC: Compelling stock at $6.50 with $10 PT (50-150% upside). Sale of insurance biz & shift to electronic trading drove 50% gain from $4.40. Benefits from rising rates & volatility. TEV $3.75B, forward EBITDA $600M+, 6.5x PE. Prospects strong on treasury issuance & trading volumes. Catalysts: index inclusion, FMX launch, asset sales. Risks: complex structure, CEO Lutnick.
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