BNY
Structural scoring is not meaningful for this business
Structural scoring uses gross margin, free cash flow and Altman Z — measures built for operating companies. For banks, insurers and asset managers they produce artifacts, because the cash-flow statement is dominated by lending and deposit flows rather than operations. Treat the structural and composite figures below as not comparable with other sectors, in either direction.
- Cost of goods sold is not reported, so gross margin reads as 100%
Daily closes · 1Y (252 sessions) · +57.3% · range 101.00–162.93
The Businesswhat the company reports
Business & cash flow
| FCF / assets | 1.1% |
|---|---|
| OCF / assets | 1.4% |
| FCF / revenue | 34.1% |
| Gross margin | 100.0% |
| ROIC | 1.2% |
| Forward P/E | 15.9 |
FCF/assets and OCF/assets are the cash-flow measures Brown Bear's own testing found to survive; FCF/revenue is shown alongside for context. Assets are from the latest annual filing (FY2025).
Price vs Earnings growth
Price has run ahead of forward EPS growth by 39.8pp
Confidence 95.0/100
Drivers
| Forward EPS growth | +17.5% |
|---|---|
| Trailing price return (1y) | +57.3% |
| Forward P/E compression | +14.9% |
Figures
| Trailing EPS | 8.72 |
|---|---|
| Forward EPS | 10.25 |
| Trailing P/E | 18.68 |
| Forward P/E | 15.90 |
Revisions
Stable (+0.2%, 10 dates)
Takeaway Price has moved further than forward earnings growth currently justifies — worth weighing against the rest of the entry case.
Reported earnings
Revenue Net incomeEPS (GAAP) (0.21–1.15, own scale) Derived Q4
12 quarters to Q2 18. Revenue and net income share one scale, so the gap between them is the margin. The line is GAAP EPS — it spans every quarter shown, where the reported figure only goes back as far as the consensus feed does.
| Quarter ending | Revenue | YoY | Net income | EPS (GAAP) | Filed |
|---|---|---|---|---|---|
| 2018-06-30 | 2.89bn | — | 1.10bn | 1.09 | 2018-08-03 |
| 2018-03-31 | 2.98bn | — | 1.17bn | 1.15 | 2018-05-08 |
| 2016-06-30 | 3.77bn | -2.0% | 873.00m | 0.81 | 2016-08-08 |
| 2016-03-31 | 3.74bn | -0.6% | 817.00m | 0.75 | 2016-05-10 |
| 2015-12-31 | 3.72bn | +1.5% | 693.00m | 0.63 | 2016-05-10 |
| 2015-09-30 | 3.79bn | -17.3% | 833.00m | 0.75 | 2015-11-06 |
| 2015-06-30 | 3.85bn | +3.2% | 853.00m | 0.76 | 2015-08-07 |
| 2015-03-31 | 3.76bn | +3.7% | 779.00m | 0.69 | 2015-05-08 |
| 2014-12-31 | 3.67bn | — | 233.00m | 0.21 | 2015-05-08 |
| 2014-09-30 | 4.59bn | — | 1.08bn | 0.95 | 2014-11-07 |
| 2014-06-30 | 3.73bn | — | 577.00m | 0.51 | 2014-08-11 |
| 2014-03-31 | 3.63bn | — | 674.00m | 0.59 | 2014-05-09 |
Share count
Diluted shares Return since the previous filing
| Direction | Shrinking — shares retired |
|---|---|
| Diluted shares | 698.2M as at 2026-03-31 |
| Change over 1 year | -8.4% |
| Change over 3 years | -22.1% |
| Public float | $64.23bn as at 2025-06-30 (10-K) |
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | Fair Value Anchor |
|---|---|
| Reference band | 154.90 — 163.74 |
| Protective stop | 152.63 (Atr, 4.2% risk) |
| Support | 150.81 (2 touches, 8.0% away) |
| Resistance | — (— away) |
Takeaway The shares are about 8.0% above 150.81, a price buyers have stepped in at before. There is no ceiling to point to, because the stock is trading where it has not traded before and nobody has sold it at these levels. That floor has held 2 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 4.2% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.
Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.
Ichimoku Cloud (Adaptive)
| Daily cloud | Price ABOVE the cloud | periods 9/26/52 (99% of classic 9/26/52) |
|---|---|
| Lines | Tenkan/Kijun BULL | cloud twist BULL |
| Cloud thickness | 61% percentile |
| Chikou span | Above price from 26 periods ago |
| Weekly cloud | Price ABOVE the weekly cloud (context only, not scored) |
Takeaway The stock is trading above its cloud — a shaded band drawn from several of its own moving averages, currently 150.63 to 155.88. Being above it means the medium-term picture is pointing upwards, and that band is the first place the stock has recent support if it slips back. Its shorter-term averages agree with that.
Trailing returns
| 21 days | +5.5% |
|---|---|
| 63 days | +22.1% |
| 126 days | +28.8% |
| 252 days | +57.8% |
| Below 252d high | 0.0% |
Trend context
| Position | Far above trend |
|---|---|
| Extension | Extremely extended |
| Trend slope | Rising |
| Direction of travel | Diverging from trend |
Takeaway Extreme upside extension is still moving away from fair trend; chase risk is elevated.
Volatility
| State | In a squeeze |
|---|---|
| Current band width | 5.8% of price |
| Recent tightest | 5.6% (1 sessions ago, narrower than 86.0% of its history) |
| Expansion since | 1.03× |
| Range broken | Up |
| Band | 153.62 — 162.71 |
Takeaway Lately this share price has been swinging around inside a range roughly 6% wide, and it recently went unusually quiet — calmer than it has been 86% of the time. When a stock goes quiet like this, its next move tends to look big by comparison. But quiet says nothing about which way it will go: Brown Bear tested calm-before-a-move as a reason to buy, and it did not work.
Historical trends
History begins when the site started recording, not when the company listed, so a short line means a short record and nothing more.
Who's Tradingthe flow behind the priceTop ↑
Insider activity
| Activity | No filings in the window |
|---|---|
| Buy filings | 0 |
| Sell filings | 0 |
Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.
Volume confirmation
| Volume-price trend | Above its signal line |
|---|---|
| Confirmation | Marginal |
No absorption or distribution event in the recent window.
Takeaway Slightly more shares change hands on rising days than on falling ones, but the gap is too small to read anything into.
Options Positioning
No binary-event flag
BNY: no binary-event flag. Near IV 26%, far IV 26% (ratio 0.98), implied move 3.2%.
| Implied volatility | 26% near (9d) · 26% far (128d) |
|---|---|
| Term structure | 0.98× near/far |
| Historical volatility | 20% |
| Implied vs historical | 1.31× |
| Implied move | ±3.2% by 2026-08-21 |
| Implied move vs ATR | 0.65× |
| Skew | Call Skew (0.87×) |
| Put wall | 95.00 (-41.7% away) |
| Gamma pin | 95.00 |
Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 3.2% in either direction by 2026-08-21.
Chain as at 2026-08-12. This is a risk read on whether a specific event is being priced — not a directional view.
Context & Methodthe record, and how it was builtTop ↑
Relative Rotation
Repair Attempt
Rotation health 24.4/100; Severe Rotation Headwind.
| Rotation health | 24.4 |
|---|---|
| Rotation strength | 65.3 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Lagging | 93.2 | 91.4 |
| Stock vs SPY | Lagging | 84.8 | 93.4 |
| Sector vs SPY | Lagging | 76.4 | 91.0 |
Direction of travel: North-West / early recovery
Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.
News Headlines
- Loading headlines\u2026
Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.
Detailed Scoring
Positive signals
- Piotroski F-score 5/9 (+10.0)
- Insider conviction score (+5.0)
- Gross margin quality: 100.0% (+22.0)
- FCF margin quality: 34.1% (+20.0)
- FCF margin improving by 30.3 pts (+5.0)
- High earnings quality (accrual ratio -0.003) (+2.0)
- Accrual ratio improving (0.01 -> -0.00) (+5.0)
- Track 1: MACD histogram state (-0.01) (+3.0)
- Track 1: relative strength trend improving (+5.0)
- Track 1: relative momentum rank 0.87 (+4.6)
- Track 1: EMA20 reclaim distance 3.6% (+5.1)
- Track 1: EMA20 slope improving 1.2% (+2.9)
- Track 1: MACD histogram acceleration 0.57 (+7.0)
- Track 1: MACD line/signal repair quality (+3.0)
- Track 1: MACD slope improving (+1.0)
- Track 1: RSI recovery 56.8, 5-day change +11.7 (+6.4)
- Track 1: VPT strength 0.02 (+0.3)
- Track 1: price above EMA50 by 7.6% (+4.8)
- Track 1: EMA50 slope improving 2.4% (+3.0)
Negative signals
- Track 1: weak volume confirmation (0.46x average)
- Track 1: negative 20-day momentum acceleration (-0.14)
- Track 1: bearish DI spread (-3.2)
- Chase risk 47.4/100 (Elevated Chase Risk): RSI 56.8, EMA20 3.6%, EMA50 7.6%, BB 1.02, distribution 5.0/100
- Below-average Altman Z-score (1.45)
- ROIC improving by -0.2 pts (+-5.0)
- Chase risk 47.4/100 | Extension score 52.6/100 | Elevated Chase Risk