$BR

$BR, the mandatory plumbing of global finance trading at a 34% discount to intrinsic value

Broadridge is a mission-critical financial infrastructure monopoly with 98% client retention trading at a 34% discount to intrinsic value. Despite temporary lumpiness in proxy revenues and debt concerns, the core recurring revenue engine is growing steadily with expanding margins (17.8%) and strong ROIC (19%), while the company is positioned to capture tokenized settlement market disruption rather than be disrupted by it.