회사 개요
Corebridge Financial, Inc. operates within the United States by delivering comprehensive retirement solutions and insurance products across four primary segments: Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. This entity functions as a key participant in the Financial Services sector, specifically within the Asset Management industry, where it focuses on managing assets and providing risk protection for policyholders. The company demonstrates significant scale with a market capitalization of $11.94B, generating annual revenue (TTM) of $18.62B, and employing approximately 4,800 individuals across its operations. These valuation and revenue figures indicate that Corebridge maintains a substantial presence in the asset management landscape, positioning it as a major player capable of influencing market dynamics through its diversified product offerings and extensive distribution network.
재무 건전성
Corebridge Financial, Inc. reported total revenue of $18.62B over the trailing twelve months, yet recorded a net income of -$366,000,000, while maintaining an EBITDA of $1.19B. The substantial disparity between the high revenue figure and the negative net income reveals a cost structure where operating expenses or non-operating charges are large enough to erase profitability despite strong top-line generation. The company's free cash flow stands at -$426,624,992, which indicates a current period of cash consumption rather than generation, suggesting that capital expenditures or working capital requirements are temporarily outpacing cash inflows from operations. Margin analysis shows a gross margin of 15.6%, an operating margin of 15.1%, and a profit margin of -2.0%, illustrating that while the company retains a healthy portion of revenue after direct costs and operating expenses, overall profitability remains negative on a bottom-line basis. On the balance sheet, Corebridge holds $6.12B in cash against $15.49B in debt, resulting in a debt-to-equity ratio of 110.93%, which characterizes the company as highly leveraged rather than conservative. Despite this leverage, the current ratio of 1.25 suggests that the company possesses sufficient current assets to cover its short-term liabilities, indicating a moderate level of short-term liquidity. Return on Equity is calculated at -3.0% and Return on Assets at 0.1%, metrics that collectively reveal that management effectiveness has been challenged recently, as the firm is currently destroying shareholder value relative to equity and generating minimal returns on its total asset base.
밸류에이션 평가
The valuation metrics for Corebridge Financial, Inc. present a trailing P/E ratio of N/A due to negative earnings, while the forward P/E is listed at 4.21, implying that the market prices the stock based on anticipated future earnings recovery rather than current performance. The price-to-book ratio stands at 0.97, indicating that the market values the company at slightly less than its tangible book value, suggesting no significant premium over net assets. Alternative valuation metrics include a price-to-sales ratio of 0.64 and an EV/EBITDA of 19.01, which suggest the stock is priced at a moderate multiple of sales relative to its enterprise value adjusted for earnings before interest, taxes, depreciation, and amortization. Regarding price action, the 52-week high is $36.57 and the 52-week low is $22.19; without a specific current share price provided in the data, the relative trading position cannot be precisely calculated, but the range defines the volatility band within which the stock has traded over the past year. The beta value is 1.03, which indicates that the stock's price volatility is slightly higher than the broader market, moving approximately 3% more aggressively than the market index during periods of fluctuation.
Growth & Income
Growth metrics show a revenue growth rate of 5.7% year-over-year, whereas earnings growth is -58.1% year-over-year, indicating that earnings are shrinking at a significantly faster rate than revenue expansion. This divergence implies that the company is struggling to maintain profitability in line with its sales growth, potentially due to rising cost pressures or one-time charges impacting the bottom line. For dividend analysis, the company offers a dividend yield of 3.9% with a payout ratio of 64.6%, which presents a sustainability concern given the negative net income and negative return on equity. The high payout ratio in the context of negative earnings suggests that dividends may be funded through cash reserves or debt rather than organic profit, creating potential vulnerability if cash flow dynamics do not improve. Overall, the growth and income profile reflects a company in a transitional phase where top-line growth is positive but bottom-line profitability and capital return capacity face significant headwinds.