Aug. 14 at 10:22 AM
$BCG 🔥🚀 Yesterday, its 10-Q for the second quarter was filed (binahcap.com/node/7056/html). Reviewing it with the help of an LLM, I asked it to compare BCG’s valuation with that of peers it would select from the sector. Key takeaways:
- P/S ratio: ~0.20× vs. ~1.84× median and ~8.6× simple average for the selected peers (MDBH, SIEB, SNEX, DOMH, HOOD) — a gap of ~9× to ~43×.
- AUM: ~
$28B, up 11% YoY in Q2 (vs. 3% YoY growth in Q1).
- Recent momentum: Q2 2025 gross profit ~20%+ YoY, EBITDA ~67%+, and first-half 2025 net income positive at ~
$0.4M.
If BCG sustains growth and achieves consistent profitability, the upside from multiple expansion could be substantial. (Not investment advice — just highlighting a potential valuation disconnect.)