Diamond Hill Investment Group
Market Cap
US$447.3m
Last Updated
2020/01/20 23:37 UTC
Data Sources
Company Financials
Executive Summary
Diamond Hill Investment Group, Inc., together with its subsidiaries, provides investment advisory and fund administration services in the United States.
Snowflake Analysis
Undervalued with acceptable track record.
Similar Companies
Share Price & News
How has Diamond Hill Investment Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DHIL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
DHIL
1.9%
US Capital Markets
1.2%
US Market
1 Year Return
-10.0%
DHIL
19.2%
US Capital Markets
24.2%
US Market
Return vs Industry: DHIL underperformed the US Capital Markets industry which returned 21.7% over the past year.
Return vs Market: DHIL underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| DHIL | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 1.9% | 1.2% |
| 30 Day | 1.5% | 3.9% | 3.5% |
| 90 Day | 5.8% | 14.3% | 11.7% |
| 1 Year | -4.1%-10.0% | 21.6%19.2% | 26.9%24.2% |
| 3 Year | -16.1%-27.4% | 48.8%40.4% | 53.0%43.2% |
| 5 Year | 25.4%3.3% | 95.9%77.7% | 75.3%56.0% |
Price Volatility Vs. Market
How volatile is Diamond Hill Investment Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) 6.3% Dividend Yield Looks Pretty Interesting1 month ago | Simply Wall St
Could Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) Investor Composition Influence The Stock Price?1 month ago | Simply Wall St
Be Sure To Check Out Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Before It Goes Ex-DividendValuation
Is Diamond Hill Investment Group undervalued compared to its fair value and its price relative to the market?
43.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DHIL ($144.4) is trading below our estimate of fair value ($255.13)
Significantly Below Fair Value: DHIL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DHIL is good value based on its PE Ratio (10.8x) compared to the Capital Markets industry average (36.1x).
PE vs Market: DHIL is good value based on its PE Ratio (10.8x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DHIL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DHIL is good value based on its PB Ratio (2x) compared to the US Capital Markets industry average (6.6x).
Next Steps
Future Growth
How is Diamond Hill Investment Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
7.8%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Diamond Hill Investment Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Diamond Hill Investment Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Diamond Hill Investment Group performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DHIL has high quality earnings.
Growing Profit Margin: DHIL's current net profit margins (34.3%) are lower than last year (36.5%).
Past Earnings Growth Analysis
Earnings Trend: DHIL's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: DHIL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DHIL had negative earnings growth (-14.9%) over the past year, making it difficult to compare to the Capital Markets industry average (20.6%).
Return on Equity
High ROE: DHIL's Return on Equity (20.2%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Diamond Hill Investment Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: DHIL has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if DHIL's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: DHIL's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DHIL has a sufficient allowance for bad loans.
Low Risk Liabilities: DHIL reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DHIL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DHIL has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DHIL has an appropriate level of bad loans.
Next Steps
Dividend
What is Diamond Hill Investment Group's current dividend yield, its reliability and sustainability?
6.34%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DHIL's dividend (6.23%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: DHIL's dividend (6.23%) is in the top 25% of dividend payers in the US market (3.66%)
Stability and Growth of Payments
Stable Dividend: DHIL's dividend payments have been volatile in the past 10 years.
Growing Dividend: DHIL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Diamond Hill Investment Group's salary, the management and board of directors tenure and is there insider trading?
5.0yrs
Average management tenure
CEO
Heather Brilliant 0
0.3yrs
Tenure
Ms. Heather Elizabeth Brilliant, CFA, has been President, CEO & Director at Diamond Hill Investment Group, Inc. since September 2019. She has been Managing Director of Americas at First Sentier Investors ( ...
Management Age and Tenure
5.0yrs
Average Tenure
52yo
Average Age
Experienced Management: DHIL's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
0.9yrs
Average Tenure
61.5yo
Average Age
Experienced Board: DHIL's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: DHIL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 600 |
| Max Price | US$134.00 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 500 |
| Max Price | US$142.25 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board & Lead Independent Director |
| Shares | 2,500 |
| Max Price | US$144.40 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Chuck Bath (64yo)
Managing Director of Equities - Diamond Hill Capital Management Inc
- Tenure: 17.3yrs
Gary Young (49yo)
MD of Administration
Chris Welch
Co-Chief Investment Officer & Portfolio Manager
- Tenure: 9.6yrs
Tom Line (52yo)
CFO & Treasurer
- Tenure: 5yrs
- Compensation: US$516.23k
Austin Hawley
Co-Chief Investment Officer & Portfolio Manager
- Tenure: 5yrs
Frances Skinner (54yo)
Chief Administrative Officer of Investments
- Tenure: 1.8yrs
Susan Stuart
Head of Communications
Jeff Cook (38yo)
Controller
Heather Brilliant
President
- Tenure: 0.3yrs
Jill Williams
Director of Human Resources
- Tenure: 6yrs
Board Members
Bradley Shoup (61yo)
Independent Director
- Tenure: 7.8yrs
Jim Laird (62yo)
Chairman of the Board & Lead Independent Director
- Tenure: 0.7yrs
Paul Reeder (57yo)
Independent Director
- Tenure: 4.8yrs
Randy Fortener (65yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$694.80k
Heather Brilliant
President
- Tenure: 0.3yrs
Paula Meyer (64yo)
Independent Director
- Tenure: 0.9yrs
Nicole St. Pierre (46yo)
Independent Director
- Tenure: 0.9yrs
Company Information
Diamond Hill Investment Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Diamond Hill Investment Group, Inc.
- Ticker: DHIL
- Exchange: NasdaqGS
- Founded: 1990
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$447.317m
- Shares outstanding: 3.15m
- Website: https://www.diamond-hill.com
Number of Employees
Location
- Diamond Hill Investment Group, Inc.
- 325 John H. McConnell Boulevard
- Suite 200
- Columbus
- Ohio
- 43215
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DHIL | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1995 |
Biography
Diamond Hill Investment Group, Inc., together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent. It offers investment advisory services to third-party financial intermediaries comprising independent registered investment advisors, brokers, financial planners, and wealth advisers; and fund administration services primarily to mutual funds, institutional accounts, and private investment funds. The company was founded in 1990 and is based in Columbus, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/20 23:37 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.