How did the Bravura (ASX:BVS) share price react last earnings season?

Bravura Solutions is scheduled to deliver its FY21 results tomorrow.

| More on:
person thinking with another person's hand drawing a question mark on a blackboard in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Bravura Solutions Ltd (ASX: BVS) share price is down 0.26% in early afternoon trading.

That's less than the 0.37% loss posted by the All Ordinaries Index (ASX: XAO) at this same time.

Bravura's share price is under the spotlight today as the company, which provides software solutions for the wealth management and  finance industries, prepares to deliver its results for the full 2021 financial year tomorrow.

With that in mind, we take a step back in time to analyse how Bravura shares moved following the release of the company's FY20 results.

What did Bravura report for FY20?

The Bravura share price closed down 6% following the release of its FY20 results on 26 August last year. That came despite the company reporting some strong results.

Some of the core figures Bravura announced for FY20 included:

  • A 6% increase in revenue to $274.2 million.
  • A 19% increase in earning before interest, taxes, depreciation and amortisation (EBITDA) to $57.8 million.
  • A 22% increase in net profit after tax (NPAT) to $40.1 million.
  • Bravura declared a final dividend of 5.5 cents per share, unfranked.

The company reported that roughly $3 million of its increase in NPAT was derived from acquisitions in FY20.

The boost in revenues for the year was driven by a 2% increase in its Wealth Management revenue and a 16% increase in its Funds Administration revenue.

At the time, Bravura's management cautioned that COVID-19 was lengthening its sales cycle. The company noted significant opportunities existed across its core markets, with a strong a growing sales pipeline. However, looking ahead, management cautioned that the pandemic could results in flat year-on-year earnings.

How has the Bravura share price moved since then?

Over the past full year, Bravura's share price is down 11%.

Year-to-date, things have turned around sharply, with shares up 17% in 2021.

Bravura has a market cap of $940 million.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Technology Shares

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »

Happy work colleagues give each other a fist pump.
Technology Shares

Guess which ASX 200 technology stock has outperformed Nvidia over the past 5 years?

This company has been nothing short of impressive.

Read more »

Buy, hold, and sell ratings written on signs on a wooden pole.
Technology Shares

After surging 13% yesterday, are TechnologyOne shares a buy, hold or sell according to Macquarie?

Valuations matter when investing, and Macquarie feels no different.

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Technology Shares

Why Goldman Sachs rates this ASX tech share as a top buy

Let's see why the broker rates this stock highly right now.

Read more »

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
Technology Shares

WiseTech shares have surged 34% since April. Is it too late to buy?

Can WiseTech shares keep charging higher? Here’s what this investing expert expects.

Read more »

A man in full American NFL playing kit crouches over with his arms across his chest in a defensive stance against a dark background.
Technology Shares

ASX 300 tech stock charges 7% higher to record high on stellar results

This tech stock delivered another impressive result this morning.

Read more »

a man sits at his desk wearing a business shirt and tie and has a hearty laugh at something on his mobile phone.
Technology Shares

Up 87% in 12 months: Why this ASX tech share is still a top buy

This technology business still has loads of potential, according to a fund manager.

Read more »

a group of three cybersecurity experts stand with satisfied looks on their faces with one holding a laptop computer while he group stands in front of a large bank of computers and electronic equipment.
Technology Shares

2 ASX 200 tech stocks Morgans rates as buys

The leading broker has named a couple of shares to buy right now.

Read more »