Brighthouse Financial, Inc.

AI-generated fair value estimate for this company.

Method: BHFAL is Brighthouse's 6.25% Junior Subordinated Debentures due 2058 (confirmed via Nasdaq; not preferred stock despite naming), 25 par, paying 1.5625 annual interest (6.25% x 25). Valued as a perpetuity-style discount using a 9.0% required yield reflecting delisting/credit risk from the pending Aquarian Capital take-private deal, set slightly below the non-cumulative-preferred range since this interest is cumulative and senior. 1.5625 / 0.09 = 17.36.

Reasoning: Trades near 15.79 (yield ~9.9%); being senior cumulative debt rather than non-cumulative equity, it carries somewhat less dividend-suspension risk than the other four series, though exchange-delisting risk from the pending buyout still applies.