Bravura Solutions Limited (BVS) AI Stock Analysis

• Market Cap: AU$995.35M
• Dividend Yield: 2.88%
• Average Volume (3M): 2.13M
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.26
• Revenue Growth: 18.63%
• EPS Growth: N/A
• Country: AU
• Employees: 1,085
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Application
• EPS (TTM): 0.03
• Shares Outstanding: 448,354,000
• 10 Day Avg. Volume: 1,368,409
• 30 Day Avg. Volume: 2,133,559
• PEG Ratio: <0.01
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.04
• Price Target Upside: 30.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: AU$2.50 ▲(7.30%Upside)

Bravura Solutions Limited demonstrates strong financial performance with improved profitability and cash flow, alongside positive technical indicators. The valuation is attractive with a reasonable P/E ratio and dividend yield. The stock's overall score reflects a solid performance with room for growth in revenue and operational efficiency.

Bravura Solutions Limited Business Overview & Revenue Model

Company Description

Bravura Solutions Limited engages in the development, licensing, and maintenance of administration and management software applications for the wealth management and funds administration sectors in Australia, New Zealand, the United Kingdom, and internationally. The company operates through two segments, Wealth Management and Funds Administration. It offers Sonata, a wealth management solution for the administration of a range of wealth management products; Sonata Alta, a digital operating model, which provides clients control over their customer's data, operations, and end customer experiences; Bravura Digital that provides digital service; Garradin, a private wealth and portfolio administration solution for the administration of retail and wholesale wealth management, trusts and estates, SMSFs, managed accounts, fund accounting, and tax; and ePASS, an online portal that provides online services for superannuation members and employers. The company also provides Rufus enterprise solution that offers fund administration for transfer agencies; Rufus SaaS, a transfer agency solution that supports the global administration, servicing, and distribution of a range of investments; Babel solution, a financial messaging platform that connects to a range of financial product distributor platforms and the back-office functions of various markets using message media and formats; taWeb, a digital platform for transfer agents and fund managers; and financial planning solutions, such as AdviceOS and Digital Advice. In addition, it offers professional services, including consulting, data migration and services, software development, support, project management, and training services, as well as managed and cloud services. The company was formerly known as Bravura Solutions Holdings Pty Ltd and changed its name to Bravura Solutions Limited in October 2016. Bravura Solutions Limited was founded in 2004 and is headquartered in Sydney, Australia.

How the Company Makes Money

Bravura Solutions Limited generates revenue primarily through the licensing and ongoing subscription of its software solutions to financial institutions. The company employs a software-as-a-service (SaaS) model, where clients pay a subscription fee for access to its platforms, ensuring a steady and recurring revenue stream. Additional revenue is derived from professional services, including implementation, customization, and support services that facilitate seamless integration of their software with clients' existing systems. Key partnerships with major financial institutions and strategic alliances with technology providers also contribute to Bravura's earnings by expanding its market reach and enhancing its service offerings.

Bravura Solutions Limited Financial Statement Overview

Summary

Bravura Solutions Limited has returned to profitability in 2024 with improved margins and a strong cash flow position. The balance sheet remains robust with low leverage, though revenue growth is stagnant. Continued improvement in operational efficiency will be key.

Income Statement

Bravura Solutions Limited has shown a recovery in profitability with a positive net income of AUD 8.78 million in 2024, compared to a significant loss in the previous year. The gross profit margin improved to 15.65% from 4.59% in 2023, indicating better cost management. Revenue growth remains a challenge with a slight increase of 0.30% from 2023 to 2024. The EBIT and EBITDA margins turned positive in 2024, showcasing operational improvements. However, overall growth trajectory is weak, affecting the overall score.

Balance Sheet

The company maintains a healthy equity position with a stockholders' equity of AUD 133.67 million, though it has decreased over the years. The debt-to-equity ratio is low at 0.13, suggesting low leverage risk. The return on equity improved to 6.57% in 2024, driven by the positive net income. Despite a reduction in total assets, the equity ratio remains strong at 58.34%, signifying good financial stability.

Cash Flow

Bravura Solutions Limited demonstrated a strong cash flow recovery with a positive free cash flow of AUD 23.42 million in 2024, a significant improvement from negative cash flow in 2023. Operating cash flow to net income ratio is healthy at 3.41, reflecting good cash conversion. Free cash flow to net income ratio is also positive, indicating efficient cash usage. The company's ability to generate cash flow is a key strength.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	251.95M	248.95M	248.20M	265.43M	242.34M	272.44M
Gross Profit	63.09M	38.98M	11.39M	59.23M	60.35M	73.22M
EBITDA	46.38M	29.05M	-252.86M	58.60M	62.46M	69.03M
Net Income	71.68M	8.78M	-280.71M	29.93M	34.56M	40.11M
Balance Sheet
Total Assets	301.83M	229.20M	258.39M	456.70M	465.88M	434.85M
Cash, Cash Equivalents and Short-Term Investments	151.84M	89.97M	75.75M	48.67M	73.57M	99.08M
Total Debt	16.45M	17.41M	27.79M	30.58M	36.76M	42.33M
Total Liabilities	174.25M	95.53M	132.48M	121.83M	136.09M	124.09M
Stockholders Equity	127.58M	133.67M	125.91M	334.88M	329.78M	310.75M
Cash Flow
Free Cash Flow	72.85M	23.42M	-25.87M	15.65M	21.64M	-7.62M
Operating Cash Flow	78.34M	29.91M	-6.69M	41.82M	46.98M	13.50M
Investing Cash Flow	-5.83M	-6.49M	-24.09M	-33.01M	-48.39M	-87.77M
Financing Cash Flow	-7.51M	-8.87M	57.43M	-32.38M	-25.09M	-20.57M

Bravura Solutions Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BVS, the sentiment is Positive. The current price of 2.33 is below the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.23, and above the 200-day MA of 1.90, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.92 is Neutral, neither overbought nor oversold. The STOCH value of 51.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BVS.

Bravura Solutions Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BVS	75 Outperform	AU$995.35M	13.88	57.04%	2.88%	18.63%	―
Sector *	69 Neutral	¥224.79B	14.55	7.64%	2.72%	9.09%	8.37%
MGPPF		$1.40B	290.40	3.84%	―	―	―
FSB		€3.71B	102.62	11.42%	0.58%	―	―
BRF		€844.43M	15.45	27.46%	1.35%	―	―
PPS	57 Neutral	AU$281.85M	27.19	9.89%	1.69%	23.52%	7.96%
FCL		AU$761.62M	―	-3.69%	―	―	―

Bravura Solutions Limited Corporate Events

Bravura Solutions Announces Director’s Share Disposal

Bravura Solutions Limited announced a change in the director’s interest, with Matthew Quinn disposing of a significant number of shares. This transaction, conducted through an on-market trade, reflects a reduction in Quinn’s indirect holdings, potentially impacting investor perceptions and signaling strategic financial adjustments within the company.

The most recent analyst rating on (AU:BVS) stock is a Sell with a A$2.15 price target. To see the full list of analyst forecasts on Bravura Solutions Limited stock, see the AU:BVS Stock Forecast page.

Bravura Solutions Announces Director’s Interest Change

Bravura Solutions Limited announced a change in the director’s interest, with Damien Leonard, an officer of Pinetree Capital Ltd and L6 Holdings Inc, acquiring additional shares through an on-market trade. This change reflects a minor adjustment in the company’s shareholding structure, potentially impacting investor perception and stakeholder interests.

The most recent analyst rating on (AU:BVS) stock is a Sell with a A$2.15 price target. To see the full list of analyst forecasts on Bravura Solutions Limited stock, see the AU:BVS Stock Forecast page.

Bravura Solutions Director Increases Shareholding

Bravura Solutions Limited announced a change in the director’s interest, with Damien Leonard, an officer of Pinetree Capital Ltd and L6 Holdings Inc, acquiring additional shares through on-market trades. This change reflects an increase in Leonard’s indirect holdings in the company, potentially signaling confidence in the company’s future performance and impacting stakeholder perceptions.

The most recent analyst rating on (AU:BVS) stock is a Sell with a A$2.15 price target. To see the full list of analyst forecasts on Bravura Solutions Limited stock, see the AU:BVS Stock Forecast page.

Camac Fund Adjusts Stake in Bravura Solutions

Camac Fund, LP has reported a change in its substantial holding in Bravura Solutions Limited, a company involved in providing software solutions for the financial services industry. The change in interest was recorded on June 5, 2025, with the fund now holding 22,513,343 ordinary fully paid shares, representing a 5.02% voting power. This adjustment in holdings may influence Camac Fund’s strategic decisions and impact its influence within Bravura Solutions, potentially affecting stakeholders and market dynamics.

Bravura Solutions Announces Director Departure and Securities Update

Bravura Solutions Limited announced the cessation of Andrew Russell as a director, effective April 28, 2025. The notice details Russell’s interests in securities, including direct holdings of 148,615 fully paid ordinary shares and 2,500,000 options, as well as indirect interests through Synergy Consulting Pty Ltd ATF AJR Superannuation Fund, which holds 121,615 fully paid ordinary shares. This change in directorship may impact the company’s governance and strategic direction.

Bravura Solutions CEO Transition Marks New Phase

Bravura Solutions Limited has announced the resignation of Andrew Russell as Group CEO and Managing Director after successfully leading a turnaround of the company. The board has initiated an international search for a new CEO, with Shezad Okhai appointed as Interim CEO. The company is poised to build on its strong foundation, continuing its commitment to delivering quality service and innovation.

Bravura Solutions Announces Sydney Registry Office Relocation

Bravura Solutions Limited has announced a change in the address of its Sydney office registry, MUFG Corporate Markets (AU) Limited, effective from April 14, 2025. The relocation to Liberty Place, Level 41, 161 Castlereagh St, Sydney NSW 2000, does not affect telephone numbers or postal addresses. This change is expected to streamline operations and potentially enhance service delivery, reflecting Bravura’s commitment to operational efficiency and stakeholder engagement.

Bravura Solutions Enhances Financial Structure with New Equity Issuance

Bravura Solutions Limited announced the issuance and conversion of unquoted equity securities, indicating a strategic move to enhance its financial structure. This development may impact the company’s market positioning by potentially increasing its capital base and offering more flexibility in its financial operations.

Bravura Solutions Adjusts Option Exercise Prices Following Capital Return

Bravura Solutions Limited announced a reduction in the exercise price of its options in line with a return of capital, as per ASX Listing Rule 7.22.3. This adjustment affects the exercise price of various unlisted options, while the number of options remains unchanged. This move is likely to impact the company’s financial strategy and stakeholder interests by potentially increasing the attractiveness of the options.

Bravura Solutions Announces Director’s Interest Change

Bravura Solutions Limited announced a change in the director’s interest, specifically for Damien Leonard, who is an officer of Pinetree Capital Ltd and L6 Holdings Inc. The change involved the acquisition of fully paid ordinary shares through on-market trades, increasing the total number of shares held by L6 Holdings Inc. The transactions occurred over several days in March 2025, with varying share prices. This change in director’s interest could potentially impact the company’s market perception and stakeholder confidence, reflecting strategic financial decisions by its leadership.