A Business at a Glance
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BREAD FINANCIAL HOLDINGS, INC.
BFH
$5.0B
Mkt Cap
$104.31
+0.70%
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a current P/E ratio of 9.6, compared to its historical median P/E of 9.3. The stock is currently considered Fair based on its historical valuation range.
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a market capitalization of $4.3B. It is classified as a mid-cap stock.
Yes, BREAD FINANCIAL HOLDINGS, INC. (BFH) pays a dividend with a trailing twelve-month yield of 0.88%. The company also returns capital through share buybacks, with a buyback yield of 8.43%.
Based on historical P/E analysis, BREAD FINANCIAL HOLDINGS, INC. (BFH) appears fair. The current P/E of 9.6 is 3% above its historical median of 9.3. The estimated fair value CAGR (P/E method) is 5.5%.
BREAD FINANCIAL HOLDINGS, INC. (BFH) operates in the Personal Credit Institutions industry, within the Financials sector.
We are a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel and entertainment, health and beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers. We have continued to diversify our product mix with our brand partners through growth of our co-brand credit card programs, which, relative to our private label credit card programs, have higher credit sales per account and an improved credit risk mix that generally results in higher transactor balances, lower delinquencies and late fees, as well as lower losses.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.9B | 3.8B | 3.8B | 4.3B | 3.8B | 3.3B |
| Net Income | 559M | 518M | 277M | 718M | 223M | 801M |
| EPS | $12.61 | $10.89 | $5.49 | $14.34 | $4.46 | $16.02 |
| Free Cash Flow | 0 | 2.1B | 1.9B | 2.0B | 1.8B | 1.5B |
| ROIC | 0.8% | 6.4% | 3.3% | 7.8% | 2.3% | 11.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.01 | 1.29 | 1.82 | 1.81 | 3.54 | 3.57 |
| Dividends/Share | $0.92 | $0.86 | $0.84 | $0.84 | $0.84 | $0.84 |
| Operating Income | 211M | 200M | 144M | 128M | 114M | 146M |
| Operating Margin | 5.4% | 5.2% | 3.8% | 3.0% | 3.0% | 4.5% |
| ROE | 16.8% | 16.2% | 9.3% | 27.7% | 10.3% | 44.4% |
| Shares Outstanding | 41M | 48M | 50M | 50M | 50M | 50M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.3B | 6.4B | 7.1B | 5.5B | 5.7B | 5.6B | 4.5B | 3.3B | 3.8B | 4.3B | 3.8B | 3.8B | 3.9B |
| Gross Margin | 39.3% | 40.8% | 40.1% | 54.9% | 55.2% | 51.8% | 54.1% | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 142M | 139M | 143M | 159M | 163M | 151M | 106M | 671M | 779M | 2.1B | 2.1B | 2.0B | 2.0B |
| EBIT | 1.1B | 1.3B | 1.3B | 1.5B | 1.8B | 662M | 301M | 146M | 114M | 128M | 144M | 200M | 211M |
| Op. Margin | 20.7% | 19.6% | 17.7% | 27.7% | 31.0% | 11.9% | 6.7% | 4.5% | 3.0% | 3.0% | 3.8% | 5.2% | 5.4% |
| Net Income | 506M | 597M | 516M | 789M | 963M | 269M | 214M | 801M | 223M | 718M | 277M | 518M | 559M |
| Net Margin | 9.5% | 9.3% | 7.2% | 14.4% | 17.0% | 4.8% | 4.7% | 24.5% | 5.8% | 16.7% | 7.2% | 13.5% | 14.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 630M | 22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 10.5% | 9.1% | 7.9% | 11.1% | 12.2% | 4.4% | 4.9% | 11.6% | 2.3% | 7.8% | 3.3% | 6.4% | 0.8% |
| ROE | 31.1% | 27.1% | 28.1% | 44.9% | 46.0% | 13.7% | 13.8% | 44.4% | 10.3% | 27.7% | 9.3% | 16.2% | 16.8% |
| ROA | 3.0% | 2.8% | 2.2% | 2.8% | 3.2% | 0.9% | 0.9% | 3.6% | 0.9% | 3.0% | 1.2% | 2.3% | 2.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.3B | 1.8B | 2.1B | 2.6B | 2.8B | 1.2B | 1.9B | 1.5B | 1.8B | 2.0B | 1.9B | 2.1B | 2.2B |
| Free Cash Flow | 1.2B | 1.6B | 1.9B | 2.4B | 2.6B | 1.1B | 1.8B | 1.5B | 1.8B | 2.0B | 1.9B | 2.1B | 0 |
| Owner Earnings | 959M | 1.2B | 1.5B | 2.0B | 2.2B | 914M | 1.7B | 1.4B | 1.7B | 1.8B | 1.7B | 2.0B | 2.1B |
| CapEx | 159M | 192M | 207M | 225M | 200M | 142M | 54M | 84M | 68M | 0 | 0 | 0 | 0 |
| Maint. CapEx | 313M | 492M | 512M | 498M | 487M | 249M | 184M | 123M | 113M | 116M | 90M | 80M | 78M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | N/A | N/A | N/A | 0 |
| D&A | 313M | 492M | 512M | 498M | 487M | 249M | 184M | 123M | 113M | 116M | 90M | 80M | 78M |
| CapEx/OCF | 11.8% | 11.2% | 9.8% | 8.7% | 7.3% | 11.7% | 2.9% | 5.4% | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 30M | 116M | 125M | 127M | 61M | 42M | 43M | 42M | 43M | 40M | 38M |
| Dividend Yield | N/A | N/A | 0.3% | 1.3% | 1.5% | 2.5% | 3.0% | 1.2% | 1.9% | 2.7% | 1.9% | 1.4% | 0.9% |
| Share Buybacks | 287M | 952M | 799M | 554M | 443M | 976M | 0 | 0 | 12M | 35M | 55M | 313M | 363M |
| Buyback Yield | 1.8% | 5.9% | 5.8% | 4.5% | 6.1% | 19.3% | N/A | N/A | 0.7% | 2.2% | 1.8% | 8.6% | 8.4% |
| Stock-Based Comp | 73M | 91M | 77M | 75M | 81M | 55M | 21M | 29M | 33M | 44M | 54M | 56M | 58M |
| Debt Repayment | 1.8B | 2.2B | 3.2B | 7.3B | 4.9B | 46M | 494M | 13M | 13M | 500M | 15M | 24M | 24M |
| Balance Sheet | |||||||||||||
| Net Debt | 3.0B | 3.8B | 3.7B | 1.8B | 1.8B | -1.0B | -19M | 4.3B | 4.0B | 1.5B | 1.6B | 678M | -3.8B |
| Cash & Equiv. | 1.1B | 1.2B | 1.9B | 4.2B | 3.8B | 3.9B | 2.8B | 3.0B | 3.9B | 3.6B | 3.7B | 3.6B | 3.8B |
| Long-Term Debt | 4.0B | 4.6B | 4.8B | 5.9B | 5.6B | 2.8B | 2.8B | 7.4B | 8.0B | 5.3B | 5.6B | 4.3B | 4.3B |
| Debt/Equity | 1.76 | 2.50 | 3.38 | 3.28 | 2.46 | 1.79 | 1.84 | 3.57 | 3.54 | 1.81 | 1.82 | 1.29 | 0.01 |
| Interest Coverage | 4.2 | 3.8 | 3.0 | 3.3 | 3.2 | 1.0 | 0.6 | 0.4 | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 |
| Equity | 2.4B | 2.0B | 1.7B | 1.9B | 2.3B | 1.6B | 1.5B | 2.1B | 2.3B | 2.9B | 3.1B | 3.3B | 3.3B |
| Total Assets | 20.2B | 22.3B | 25.5B | 30.7B | 30.4B | 26.5B | 22.5B | 21.7B | 25.4B | 23.1B | 22.9B | 22.7B | 22.3B |
| Total Liabilities | 17.6B | 20.2B | 23.9B | 28.8B | 28.1B | 24.9B | 21.0B | 19.7B | 23.1B | 20.2B | 19.8B | 19.3B | 19.0B |
| Intangibles | 1.5B | 1.2B | 1.0B | 801M | 217M | 153M | 77M | 53M | 165M | 128M | 112M | 82M | 0 |
| Retained Earnings | 2.5B | 3.1B | 3.5B | 4.2B | 5.0B | 5.2B | 4.8B | -87M | 93M | 767M | 999M | 1.5B | 1.6B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 7.87 | 8.85 | 7.34 | 14.10 | 17.49 | 5.46 | 4.46 | 16.02 | 4.46 | 14.34 | 5.49 | 10.89 | 12.61 |
| Owner EPS | 14.90 | 17.45 | 21.89 | 36.23 | 39.71 | 18.55 | 34.97 | 27.82 | 34.04 | 36.49 | 33.99 | 41.12 | 49.64 |
| Book Value | 37.25 | 29.82 | 23.60 | 33.17 | 42.35 | 32.25 | 31.72 | 41.72 | 45.30 | 58.28 | 60.47 | 69.94 | 80.51 |
| Cash Flow/Share | 20.89 | 26.11 | 30.27 | 46.47 | 50.03 | 24.72 | 39.24 | 30.86 | 36.96 | 39.68 | 36.84 | 43.98 | 15.42 |
| Dividends/Share | N/A | N/A | 0.52 | 2.06 | 2.27 | 2.52 | 1.26 | 0.84 | 0.84 | 0.84 | 0.84 | 0.86 | 0.92 |
| Shares Out. | 64.3M | 67.4M | 70.3M | 55.9M | 55.1M | 49.3M | 48.0M | 50.0M | 50.0M | 50.1M | 50.5M | 47.6M | 41.3M |
| Valuation | |||||||||||||
| P/E Ratio | 31.9 | 27.1 | 26.9 | 15.5 | 7.5 | 18.2 | 11.9 | 3.9 | 7.5 | 2.3 | 11.1 | 7.0 | 8.3 |
| P/FCF | 10.9 | 8.2 | 5.8 | 4.1 | 2.3 | 3.6 | 1.4 | 2.1 | 0.9 | 0.8 | 1.7 | 1.7 | N/A |
| EV/EBIT | 16.7 | 15.2 | 13.1 | 6.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.5 |
| Price/Book | 6.7 | 8.0 | 8.4 | 6.6 | 3.1 | 3.2 | 1.7 | 1.5 | 0.7 | 0.6 | 1.0 | 1.1 | 1.3 |
| Price/Sales | 2.8 | 2.6 | 1.8 | 1.5 | 1.9 | 1.2 | 0.6 | 1.1 | 0.6 | 0.4 | 0.6 | 0.7 | 1.1 |
| FCF Yield | 7.4% | 9.7% | 13.8% | 19.4% | 35.2% | 21.2% | 72.1% | 46.6% | 106.4% | 122.6% | 60.6% | 57.6% | N/A |
| Market Cap | 16.1B | 16.1B | 13.9B | 12.2B | 7.3B | 5.1B | 2.5B | 3.1B | 1.7B | 1.6B | 3.1B | 3.6B | 4.3B |
| Avg. Price | 182.21 | 195.94 | 147.97 | 164.38 | 155.93 | 101.49 | 42.97 | 71.81 | 44.77 | 31.58 | 44.39 | 58.02 | 104.31 |
| Year-End Price | 200.08 | 191.16 | 157.49 | 174.73 | 105.23 | 79.38 | 52.86 | 62.57 | 33.44 | 32.38 | 60.84 | 76.42 | 104.31 |
BREAD FINANCIAL HOLDINGS, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
BREAD FINANCIAL HOLDINGS, INC. trades at 9.6x trailing earnings, compared to its 15-year median P/E of 9.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 2.4x vs a median of 1.9x. The company's 5-year average ROIC is 6.3%. Total shareholder yield (dividends + buybacks) is 9.3%. At current prices, the estimated annualized return to fair value is +6.1%.
BREAD FINANCIAL HOLDINGS, INC. (BFH) reported annual revenue of $3.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a net profit margin of 13.5%. This is a healthy margin.
BREAD FINANCIAL HOLDINGS, INC. (BFH) generated $2.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a debt-to-equity ratio of 1.29. This indicates moderate leverage.
BREAD FINANCIAL HOLDINGS, INC. (BFH) reported earnings per share (EPS) of $10.89 in its most recent fiscal year.
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a return on equity (ROE) of 16.2%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 16 years of financial data for BREAD FINANCIAL HOLDINGS, INC. (BFH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BREAD FINANCIAL HOLDINGS, INC. (BFH) has a book value per share of $69.94, based on its most recent annual SEC filing.