Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price164.62 USD
Fair value225.76
Ethical score10.0/100
RatingAVOID
Our investment reviews on this name
2026-08-23Read Markup182.18-9.6% to today
2026-07-02Read Distribution151.34+8.8% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Broadridge Financial Solutions holds its Distribution at $164.62. The statistical read favours the sellers, held for 24 days.
As held on the ledger · 2026-09-21
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 24 days
Price at the screen
$164.62
Valuation
17.17 trailing · 14.22 forward price to earnings
Values screen
FAIL· score 10.0
Beta
0.91
The Workings
Five Screens, Shown in Full
Does not pass. Business activity: conventional financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Its core business involves an activity the values screen does not clear.
Fail
Debt load
40.48%
Below 33%
Interest-bearing debt is 40.5% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
3.50%
Below 33%
Cash held in interest-bearing accounts and securities is 3.5% of assets, under the one-third limit.
Pass
Receivables
19.18%
Below 49%
Money owed to the company is 19.2% of assets, under the 49% limit.
Pass
Revenue purity
0.19%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades at roughly a 37% discount to our $225.76 fair value, moderate competitive moat, 7.50% revenue growth.
Fair value range in USD, drawn from the 2026-09-21 screen. The gold marker is the market price at the same screen. A 37.1% margin of safety to the base estimate.
Third-party analyst targets: 8 covering, consensus Buy. The average target sits +34% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-21 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Broadridge fails its ethics test on debt
Every proxy vote and fund statement still needs printing and delivery. Broadridge sits in the middle of that flow, posting steady eight percent revenue growth and a forty two percent return on equity. Yet the opportunity rating sits at avoid because the stock fails our ethical screen on its debt ratio, and that single red flag overrides the fourteen point four times forward earnings and moderate moat.
The eight analysts calling it a buy with a two hundred seven dollar median target ignore the leverage that sits on the balance sheet. At current prices the margin of safety looks attractive next to our one hundred eighty six dollar fair value, yet high debt turns what appears a defensive business into something more fragile when rates stay elevated.
Profit margins at fifteen percent show the operation runs well, but the ethical failure on debt is not negotiable. We pass. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
BR trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-23Markup · changed$182.18+21.5%Entry 5
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 21.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 39%. Our forward projection puts the odds of a 10% gain over the next month near 8%. The street (8 analysts) rates it none, with a mean price target of $206.
2026-07-23Distribution$149.91-0.9%Entry 4
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 39%. Our forward projection puts the odds of a 10% gain over the next month near 8%. The street (8 analysts) rates it none, with a mean price target of $206.
2026-07-18Distribution$151.34+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 39%. Our forward projection puts the odds of a 10% gain over the next month near 8%. The street (8 analysts) rates it none, with a mean price target of $206.
2026-07-03Distribution$151.34+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Distribution$151.34Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
