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Franklin Resources Inc (BEN)

合理估值
Financial ServicesAsset ManagementUnited States

基本面

51

价格

$32.26

市值

$16.60B

第一部分 · 这家公司值多少

概览

Franklin Templeton Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

P/E: 10.4Score: 75Market cap: $22.24B

A US-listed active manager of a comparable size that sells mutual funds, retirement and separately managed accounts through the same financial advisers and retirement platforms Franklin Templeton depends on.

Invesco Ltd.IVZ

Another multi-brand global manager built by acquisitions, competing for the same equity, fixed income and ETF mandates from retail intermediaries and institutional clients worldwide.

AllianceBernstein Holding L.P.AB

A US active manager with a similar mix of retail funds, institutional mandates and private wealth, chasing the same fee-paying assets with active equity and fixed income strategies.

Franklin's largest rival by scale: BlackRock, Inc.BLK

The world's largest asset manager sells to the same advisers, pension funds and insurers, and its iShares ETFs and index funds take in the flows Franklin Templeton's active funds are trying to win.

Federated Hermes, Inc.FHI

Competes head-on in money market and fixed income funds distributed through banks, broker-dealers and intermediaries, a core part of Franklin's cash and bond franchise.

Fidelity Investments (FMR LLC)Not tracked

Privately held US manager whose funds and retirement plans compete for the same individual savers and 401(k) assets, with the added advantage of its own distribution platform.

资产负债表与流动性

营收

$9.32B

最近12个月(截至2026/6/30)

净利润

$813M

最近12个月(截至2026/6/30)

自由现金流

$912M

股东权益合计

$12.08B

负债合计

$18.18B

流动比率

1.00

利息覆盖率

10.17

债务/EBITDA

4.63

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$27.35

当前价格

$32.26

安全边际

-17.9%

公允价值区间

$17.78 - $36.92

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$35.50
现金流折现法(DCF):$39.63
市盈率法(P/E):$15.29
格雷厄姆成长公式:$11.00
盈利能力价值(EPV):$10.40
合理市净率(P/B):$11.76
股息折现模型(戈登模型):数据不足,无法计算
P/FFO(运营资金):$20.48
周期中段收益:$65.40
市销率法(P/S):$47.28
分析师共识:持有 (6B / 9H / 2S)
最近财报超预期:+6.18%

估值指标

市盈率(P/E)

21.85

ROE

4.3%

市净率(P/B)

1.39

P/FCF

18.21

毛利率

-

ROIC

-

盈利能力雷达图

价值创造(经济护城河)

ROIC

-

WACC

11.5%

ROIC − WACC

-

基本面分析标准

通过(13)

  • P/FCF 18.21
  • P/B Ratio 1.39
  • Debt/Equity ratio
  • Operating Margin 9.7%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Revenue Growth 5Y 9.5%
  • Earnings Surprise avg 18.6%
  • Net Margin Trend 8.7% vs 3.7%
  • Piotroski F-Score 5/9

未通过(10)

  • EPS shows upward trend
  • EPS CAGR -10.74%
  • Price CAGR -1.61%
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Fairly valued)
  • ROE 6.8%
  • Analyst Consensus 35% Buy
  • Earnings Quality (OCF/NI) 0.34
  • Share Dilution 5.5%

不可用(5)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Current Ratio
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

0.34

低质量:需深入审查会计处理

股权稀释

5.5%

正在发行新股,稀释所有权

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Gregory Eugene Johnson CPAExecutive Chairman of the Board & Non-Independent Director64
Ms. Jennifer M. JohnsonCEO & Non-Independent Director61
Mr. Matthew NichollsCo-President, CFO & COO52
Mr. Terrence James MurphyCo-President & Head of Public Market Investments57
Mr. Daniel Ernesto Gamba CFACo-President & Chief Commercial Officer57
Mr. Avinash Deepak Satwalekar CFAPresident of India-
Ms. Lindsey Harumi OshitaSenior VP & Chief Accounting Officer42
Mr. Bassel KhatounHead of Research & Director of Portfolio Management-
Ms. Anupama SawhneyChief Administrative Officer & Head of Business Development-
Ms. Selene OhHead of Investor Relations-

审计风险

7

董事会风险

6

薪酬风险

7

股东权利风险

4

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2025-11-10

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-31

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-08-10

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for BEN, sourced from Markets Gazette.

  • 8d agoNEUTRAL
    Earnings Growth Driving Market: Katrina Dudley

    Katrina Dudley, Senior Investment Strategist at Franklin Templeton, discussed the equity market's resilience in a high-yield environment on Bloomberg's "Bloomberg Brief". The conversation focused on the underlying earnings growth that is supporting stock valuations despite rising interest rates. Dudley's insights suggest that corporate profitability remains robust, providing a foundation for continued market performance. Investors are advised to monitor earnings reports closely as a key indicator of market direction, especially in the current macroeconomic climate.

  • 24d agoPOSITIVE
    Franklin Templeton to Buy European Real Assets Firm Stoneshield

    Franklin Templeton Inc. has announced its acquisition of a majority stake in Stoneshield Capital, a European firm focused on real estate and infrastructure investments. This strategic move by the US-based money manager signals a significant expansion into alternative asset classes, a sector experiencing robust investor demand. Stoneshield Capital's expertise in European real assets is expected to complement Franklin Templeton's existing portfolio, potentially enhancing its offerings and market reach. The deal underscores a broader industry trend of traditional asset managers increasing their exposure to alternatives to drive growth and diversification.

  • 8/13/2026POSITIVE
    SEC allows Franklin Templeton funds to invest in onchain money fund

    The U.S. Securities and Exchange Commission (SEC) has signaled a more permissive stance towards the integration of traditional finance with blockchain technology. In a recent development, the SEC stated it would not pursue enforcement actions against Franklin Templeton's funds for investing in the asset manager's own tokenized money market fund. This regulatory green light is a significant step for the tokenization of financial assets, potentially paving the way for broader adoption of on-chain investments within established fund structures. Investors may see this as a positive indicator for innovation in asset management and a potential catalyst for increased efficiency and accessibility in the money market space.

  • 7/22/2026POSITIVE
    Franklin Templeton calls agentic AI next ‘killer’ use case for blockchain

    Franklin Templeton's digital assets lead has identified agentic AI as the next major application for blockchain technology. The firm anticipates that the burgeoning autonomous AI agent economy will significantly drive demand for blockchain protocols capable of facilitating machine-to-machine micropayments. This strategic outlook suggests a potential surge in utility and adoption for blockchain networks that can support high-frequency, low-value transactions, positioning them as critical infrastructure for the future of AI-driven commerce and services. Investors watching the intersection of AI and blockchain may find this a compelling growth narrative.

  • 7/9/2026POSITIVE
    Franklin’s Dudley Sees AI Infrastructure Bull Case Through 2027

    Franklin Templeton's Katrina Dudley highlighted a strong, durable bull case for artificial intelligence infrastructure spending, projecting its strength through 2027 and beyond. This optimistic outlook suggests continued robust investment in AI-related hardware, data centers, and networking, benefiting companies involved in these sectors. Investors should consider the long-term growth potential driven by AI adoption, as the underlying demand for computing power and specialized infrastructure is expected to remain high, potentially leading to sustained revenue growth for key players in the AI ecosystem.

  • 6/22/2026POSITIVE
    Franklin Templeton launches dedicated crypto division after closing 250 Digital acquisition

    Franklin Templeton has launched a dedicated cryptocurrency division, bolstered by the acquisition of 250 Digital. This strategic move aligns with the rapid expansion of tokenized assets, as the firm's on-chain product offerings have surged from approximately $768 million to over $2.5 billion in the past year. The growth signifies increasing institutional interest and adoption within the digital asset space, positioning Franklin Templeton to capitalize on this burgeoning market. Investors may view this as a positive step towards diversification and future revenue streams.

  • 5/14/2026NEUTRAL
    Franklin Templeton CEO Jenny Johnson on Trump-Xi Summit, Data Center Risks

    Franklin Templeton CEO Jenny Johnson commented on the US-China relationship, suggesting both nations recognize the importance of dialogue. She also voiced concerns that markets are underestimating inflation risks and highlighted the rapid pace of data center investments as a potential area of concern. While the geopolitical commentary offers a broad market perspective, the specific concerns about inflation and data center spending do not present a clear, immediate directional signal for Franklin Templeton's stock itself, making the overall impact neutral for investors.

  • 5/12/2026POSITIVE
    Franklin Templeton Turns to Fixed Income to Fuel India Growth

    Franklin Templeton is strategically focusing on India's burgeoning fixed income market to drive its next phase of growth in the region. This move comes six years after the company faced challenges from a credit crunch. The asset manager anticipates that the increasing investor appetite for fixed-income products in India will be a key catalyst for expansion. This strategic pivot suggests confidence in the stability and potential returns within India's debt markets, aiming to capitalize on evolving investor preferences and re-establish a stronger market presence.

  • 4/28/2026POSITIVE
    Franklin Shares Rise as $12.4 Billion Flows Into Alternatives

    Franklin Resources Inc. reported substantial inflows of approximately $12.4 billion into its alternative investment strategies during the first quarter of 2026. This significant capital allocation occurred even as clients withdrew funds from the company's traditional stock and bond offerings. The strong performance in alternatives highlights a strategic shift in investor demand and Franklin's success in capturing this trend. For investors, this indicates robust growth potential in Franklin's alternative asset management division, potentially offsetting headwinds in traditional segments and driving future earnings.

via Markets Gazette