Diamond Hill Investment Group
Diamond Hill Investment Group, Inc., together with its subsidiaries, provides investment advisory and fund administration services in the United States. The last earnings update was 30 days ago. More info.
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DHIL Share Price and Events
7 Day Returns
1 Year Returns
DHIL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Diamond Hill Investment Group (DHIL) | -3.9% | -13.8% | -8.6% | -32.9% | -23.4% | 2.3% |
| US Capital Markets | -4% | -4.4% | 10.4% | -10% | 51.8% | 54.3% |
| US Market | -1.1% | 0.3% | 16.7% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- DHIL underperformed the Capital Markets industry which returned -10% over the past year.
- DHIL underperformed the Market in United States of America which returned 6.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Diamond Hill Investment Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Diamond Hill Investment Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $52.41 * 26.8% |
$14.03 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $52.41 |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 21%) (0%)) |
0.811 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.81 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.811 * 5.96%) |
7.57% |
Discounted Cash Flow Calculation for NasdaqGS:DHIL using Excess Returns Model Model
The calculations below outline how an intrinsic value for Diamond Hill Investment Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (26.8% – 7.57%) * $52.41) |
$10.06 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $10.06 / (7.57% - 2.73%) |
$208.07 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $52.41 + $208.07 |
$260.48 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $260.48 |
| Current discount | Discount to share price of
$133.52
= -1 x ($133.52 - $260.48) / $260.48 |
48.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Diamond Hill Investment Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Diamond Hill Investment Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Diamond Hill Investment Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Diamond Hill Investment Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $13.49 |
| NasdaqGS:DHIL Share Price ** | NasdaqGS (2019-03-22) in USD | $133.52 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 77 Publicly-Listed Capital Markets Companies | 24.51x |
| United States of America Market PE Ratio | Median Figure of 3,061 Publicly-Listed Companies | 17.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Diamond Hill Investment Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:DHIL Share Price ÷ EPS (both in USD) = 133.52 ÷ 13.49 |
9.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamond Hill Investment Group is good value based on earnings compared to the US Capital Markets industry average.
- Diamond Hill Investment Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Diamond Hill Investment Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
14%per year |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 1.85x |
| United States of America Market PEG Ratio | Median Figure of 2,104 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Diamond Hill Investment Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Diamond Hill Investment Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $59.49 |
| NasdaqGS:DHIL Share Price * | NasdaqGS (2019-03-22) in USD | $133.52 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 152 Publicly-Listed Capital Markets Companies | 4.83x |
| United States of America Market PB Ratio | Median Figure of 5,164 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:DHIL Share Price ÷ Book Value per Share (both in USD) = 133.52 ÷ 59.49 |
2.24x |
* Primary Listing of Diamond Hill Investment Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamond Hill Investment Group is good value based on assets compared to the US Capital Markets industry average.
Value checks
We assess Diamond Hill Investment Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Diamond Hill Investment Group has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
- No analysts cover Diamond Hill Investment Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Diamond Hill Investment Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Diamond Hill Investment Group's earnings growth is positive but not above the United States of America market average.
- Unable to compare Diamond Hill Investment Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:DHIL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 14% |
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 146 | 28 | 47 |
| 2018-09-30 | 149 | 30 | 54 |
| 2018-06-30 | 148 | 32 | 52 |
| 2018-03-31 | 148 | 35 | 50 |
| 2017-12-31 | 145 | 61 | 50 |
| 2017-09-30 | 147 | 53 | 52 |
| 2017-06-30 | 144 | 24 | 52 |
| 2017-03-31 | 141 | 31 | 50 |
| 2016-12-31 | 136 | 20 | 46 |
| 2016-09-30 | 128 | 24 | 44 |
| 2016-06-30 | 127 | 52 | 37 |
| 2016-03-31 | 126 | 46 | 37 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Diamond Hill Investment Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 13.49 |
| 2018-09-30 | 15.55 |
| 2018-06-30 | 14.92 |
| 2018-03-31 | 14.50 |
| 2017-12-31 | 14.49 |
| 2017-09-30 | 15.06 |
| 2017-06-30 | 15.32 |
| 2017-03-31 | 14.50 |
| 2016-12-31 | 13.52 |
| 2016-09-30 | 13.03 |
| 2016-06-30 | 11.15 |
| 2016-03-31 | 11.09 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Diamond Hill Investment Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Diamond Hill Investment Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Diamond Hill Investment Group has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Diamond Hill Investment Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Diamond Hill Investment Group's year on year earnings growth rate has been positive over the past 5 years.
- Diamond Hill Investment Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Diamond Hill Investment Group's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
All data from Diamond Hill Investment Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 145.63 | 47.38 | 16.89 | |
| 2018-09-30 | 149.03 | 54.46 | 18.40 | |
| 2018-06-30 | 148.33 | 51.95 | 18.48 | |
| 2018-03-31 | 147.85 | 50.22 | 18.59 | |
| 2017-12-31 | 145.20 | 49.99 | 19.03 | |
| 2017-09-30 | 147.39 | 51.74 | 18.89 | |
| 2017-06-30 | 143.56 | 52.47 | 18.62 | |
| 2017-03-31 | 140.78 | 49.54 | 18.02 | |
| 2016-12-31 | 136.10 | 46.05 | 16.88 | |
| 2016-09-30 | 128.37 | 44.06 | 15.74 | |
| 2016-06-30 | 126.85 | 37.36 | 15.19 | |
| 2016-03-31 | 125.57 | 36.83 | 15.30 | |
| 2015-12-31 | 124.43 | 37.07 | 14.42 | |
| 2015-09-30 | 120.60 | 37.97 | 13.42 | |
| 2015-06-30 | 116.63 | 37.59 | 12.29 | |
| 2015-03-31 | 110.69 | 35.34 | 10.85 | |
| 2014-12-31 | 104.56 | 31.58 | 10.32 | |
| 2014-09-30 | 98.41 | 25.78 | 9.02 | |
| 2014-06-30 | 91.77 | 24.79 | 8.71 | |
| 2014-03-31 | 86.25 | 22.57 | 8.39 | |
| 2013-12-31 | 81.43 | 22.15 | 8.14 | |
| 2013-09-30 | 76.13 | 20.23 | 7.54 | |
| 2013-06-30 | 72.17 | 19.03 | 6.98 | |
| 2013-03-31 | 68.42 | 17.65 | 6.43 | |
| 2012-12-31 | 66.66 | 16.93 | 6.80 | |
| 2012-09-30 | 64.83 | 16.56 | 6.04 | |
| 2012-06-30 | 63.34 | 14.93 | 5.87 | |
| 2012-03-31 | 64.00 | 15.33 | 5.77 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Diamond Hill Investment Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Diamond Hill Investment Group used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
- Diamond Hill Investment Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Diamond Hill Investment Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Diamond Hill Investment Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Diamond Hill Investment Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Diamond Hill Investment Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Diamond Hill Investment Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Diamond Hill Investment Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Diamond Hill Investment Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Diamond Hill Investment Group Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 258.26 | 0.00 | 84.43 |
| 2018-09-30 | 284.71 | 0.00 | 100.62 |
| 2018-06-30 | 257.86 | 0.00 | 78.23 |
| 2018-03-31 | 232.55 | 0.00 | 231.62 |
| 2017-12-31 | 192.52 | 0.00 | 76.60 |
| 2017-09-30 | 204.14 | 0.00 | 189.88 |
| 2017-06-30 | 188.45 | 0.00 | 168.02 |
| 2017-03-31 | 173.29 | 0.00 | 127.23 |
| 2016-12-31 | 153.06 | 0.00 | 123.87 |
| 2016-09-30 | 148.01 | 0.00 | 109.38 |
| 2016-06-30 | 134.36 | 0.00 | 89.42 |
| 2016-03-31 | 121.27 | 0.00 | 75.16 |
| 2015-12-31 | 105.31 | 0.00 | 90.72 |
| 2015-09-30 | 108.05 | 0.00 | 58.10 |
| 2015-06-30 | 99.29 | 0.00 | 43.01 |
| 2015-03-31 | 88.08 | 0.00 | 31.50 |
| 2014-12-31 | 74.32 | 0.00 | 35.78 |
| 2014-09-30 | 73.11 | 0.00 | 42.44 |
| 2014-06-30 | 64.84 | 0.00 | 27.24 |
| 2014-03-31 | 56.22 | 0.00 | 11.26 |
| 2013-12-31 | 44.94 | 0.00 | 33.11 |
| 2013-09-30 | 45.73 | 0.00 | 26.40 |
| 2013-06-30 | 39.33 | 0.00 | 12.85 |
| 2013-03-31 | 33.16 | 0.00 | 5.40 |
| 2012-12-31 | 21.74 | 0.00 | 7.87 |
| 2012-09-30 | 40.90 | 0.00 | 23.77 |
| 2012-06-30 | 33.85 | 0.00 | 14.77 |
| 2012-03-31 | 29.18 | 0.00 | 9.72 |
- Diamond Hill Investment Group has no debt.
- Diamond Hill Investment Group has not taken on any debt in the past 5 years.
- Diamond Hill Investment Group has no debt, it does not need to be covered by operating cash flow.
- Diamond Hill Investment Group has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Diamond Hill Investment Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Diamond Hill Investment Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Diamond Hill Investment Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Diamond Hill Investment Group
shares you are expected to receive
$120
in your first year as a dividend.
Dividend Amount
- Diamond Hill Investment Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- Diamond Hill Investment Group's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 2.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 8.000 | 5.730 |
| 2018-10-30 | 8.000 | 5.018 |
| 2018-02-22 | 7.000 | 3.682 |
| 2017-10-26 | 7.000 | 3.344 |
| 2016-10-26 | 6.000 | 3.003 |
| 2015-10-28 | 5.000 | 2.709 |
| 2014-10-29 | 4.000 | 2.434 |
| 2013-11-22 | 3.000 | 2.438 |
| 2013-11-01 | 8.000 | 6.920 |
| 2012-12-05 | 8.000 | 9.409 |
| 2012-10-26 | 5.000 | 6.622 |
| 2012-07-27 | 5.000 | 6.621 |
| 2012-05-04 | 5.000 | 6.868 |
| 2012-04-27 | 5.000 | 6.689 |
| 2011-12-01 | 5.000 | 6.689 |
| 2011-07-29 | 13.000 | 17.869 |
| 2011-02-25 | 13.000 | 16.371 |
| 2011-02-18 | 13.000 | 17.723 |
| 2010-09-17 | 13.000 | 17.442 |
| 2010-08-06 | 10.000 | 18.038 |
| 2009-11-04 | 10.000 | 15.608 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Diamond Hill Investment Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Diamond Hill Investment Group has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Diamond Hill Investment Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Diamond Hill Investment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Diamond Hill Investment Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $4,397,593 |
| AGE | 52 |
| TENURE AS CEO | 3.2 years |
CEO Bio
Mr. Christopher M. Bingaman, also known as Chris, CFA, has been the Chief Executive Officer at Diamond Hill Capital Management, Inc. since January 1, 2016, its President since January 1, 2015 and serves as its Portfolio Manager and was previously served as its Co-Chief Investment Officer from December 2011 to January 1, 2015. Mr. Bingaman joined Diamond Hill Capital Management, Inc. in 2001. He serves as the President, Chief Executive Officer and Director at Diamond Hill Investment Group Inc. since February 20, 2019. He served as Co-Chief Investment Officer at Diamond Hill Investment Group Inc. from December 2011 to January 1, 2015 and served as its Vice Chairman. Previously, Mr. Bingaman served as a Senior Equity Analyst at Nationwide Insurance & Affiliates from 1997 to 2001. Previously, he served as an Equity Analyst at Dillon Capital Management in 1997. Prior to that, from 1990 to 1997, Mr. Bingaman served in various positions at Fifth Third Bank, First Chicago NBD and NBD Bank. Mr. Bingaman is a Chartered Financial Analyst since 1998. He holds an M.B.A. from University of Notre Dame and a B.A. in Finance, Cum Laude, from Hillsdale College.
CEO Compensation
- Chris's compensation has increased by more than 20% in the past year.
- Chris's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Diamond Hill Investment Group management team in years:
- The tenure for the Diamond Hill Investment Group management team is about average.
Management Team
Chris Bingaman
President
$4M
52
3.2 yrs
Tom Line
CFO & Treasurer
$516K
51
4.2 yrs
Frances Skinner
Chief Administrative Officer of Investments
53
0.9 yrs
Chris Welch
Co-Chief Investment Officer & Portfolio Manager
8.8 yrs
Austin Hawley
Co-Chief Investment Officer & Portfolio Manager
4.2 yrs
Gary Young
MD of Administration
48
Susan Stuart
Head of Communications
Jill Williams
Director of Human Resources
5.2 yrs
Jeff Cook
Controller
37
Chuck Bath
Managing Director of Equities - Diamond Hill Capital Management Inc
63
16.5 yrs
Board of Directors Tenure
Average tenure and age of the Diamond Hill Investment Group board of directors in years:
- The tenure for the Diamond Hill Investment Group board of directors is about average.
Board of Directors
Ric Dillon
Chairman of the Board
$146K
61
3.9 yrs
Chris Bingaman
President
$4M
52
0.1 yrs
Jim Laird
Lead Independent Director
61
3.9 yrs
Bradley Shoup
Independent Director
60
6.9 yrs
Randy Fortener
Independent Director
$695K
64
5.9 yrs
Paul Reeder
Independent Director
56
3.9 yrs
Paula Meyer
Independent Director
63
0.1 yrs
Nicole St. Pierre
Independent Director
45
0.1 yrs
Who owns this company?
Recent Insider Trading
- Diamond Hill Investment Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Jan 19 | Sell | Roderick Dillon | Individual | 14. Jan 19 | 16. Jan 19 | -2,600 | $160.85 | $-418,040 | ||
| 21. May 18 | Sell | James Laird | Individual | 17. May 18 | 18. May 18 | -3,000 | $198.44 | $-594,770 | ||
Management checks
We assess Diamond Hill Investment Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Diamond Hill Investment Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Here's What We Think About Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) CEO Pay
Chris Bingaman became the CEO of Diamond Hill Investment Group, Inc. … View our latest analysis for Diamond Hill Investment Group? … Our data indicates that Diamond Hill Investment Group, Inc.
Simply Wall St - – Full articleThe Diamond Hill Investment Group Share Price Is Up 35% And Shareholders Are Holding On
While Diamond Hill Investment Group, Inc. … Check out our latest analysis for Diamond Hill Investment Group. … Over half a decade, Diamond Hill Investment Group managed to grow its earnings per share at 23% a year.
Simply Wall St - – Full articleHave Insiders Been Selling Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Shares?
So before you buy or sell Diamond Hill Investment Group, Inc. … View our latest analysis for Diamond Hill Investment Group. … The Last 12 Months Of Insider Transactions At Diamond Hill Investment Group
Simply Wall St - – Full articleHow Much Of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Do Insiders Own?
Every investor in Diamond Hill Investment Group, Inc. … Diamond Hill Investment Group is a smaller company with a market capitalization of US$507m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Diamond Hill Investment Group
Simply Wall St - – Full articleIs Diamond Hill Investment Group Inc's (NASDAQ:DHIL) CEO Pay Fair?
Chris Bingaman became the CEO of Diamond Hill Investment Group Inc (NASDAQ:DHIL) in 2016. … See our latest analysis for Diamond Hill Investment Group? … Our data indicates that Diamond Hill Investment Group Inc is worth US$588m, and total annual CEO compensation is US$889k
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Diamond Hill Investment Group Inc (NASDAQ:DHIL)
To keep it practical, we'll show how Diamond Hill Investment Group Inc's (NASDAQ:DHIL) P/E ratio could help you assess the value on offer. … Diamond Hill Investment Group has a price to earnings ratio of 11.26, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat You Must Know About Diamond Hill Investment Group Inc's (NASDAQ:DHIL) Major Investors
In this article, I will take a quick look at Diamond Hill Investment Group Inc’s (NASDAQ:DHIL) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.
Simply Wall St - – Full articleShould You Be Tempted To Buy Diamond Hill Investment Group Inc (NASDAQ:DHIL) At Its Current PE Ratio?
and want to learn about the link between company’s fundamentals and stock market performance. … Diamond Hill Investment Group Inc (NASDAQ:DHIL) is trading with a trailing P/E of 13.1x, which is lower than the industry average of 16.1x. … See our latest analysis for Diamond Hill Investment Group
Simply Wall St - – Full articleHas Diamond Hill Investment Group Inc's (NASDAQ:DHIL) Earnings Momentum Changed Recently?
Today I will take a look at Diamond Hill Investment Group Inc's (NASDAQ:DHIL) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the capital markets industry performed. … View out our latest analysis for Diamond Hill Investment Group? … DHIL's trailing twelve-month earnings (from 31 March 2018) of US$50.22m has
Simply Wall St - – Full articleDiamond Hill Investment Group Inc (NASDAQ:DHIL): Has Recent Earnings Growth Beaten Long-Term Trend?
When Diamond Hill Investment Group Inc (NASDAQ:DHIL) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … View our latest analysis for Diamond Hill Investment Group Did DHIL's recent earnings growth beat the long-term trend and the industry? … Since these values are fairly nearsighted, I’ve calculated an annualized five-year figure for DHIL's earnings, which stands at US$29.91M This suggests that, generally, Diamond Hill Investment Group has been able to consistently grow its bottom line over the past few years as well.
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | Diamond Hill Investment Group, Inc. |
| DHIL | |
| Exchange: | NasdaqGS |
| Founded: | 1990 |
| $439,927,303 | |
| 3,294,842 | |
| Website: | http://www.diamond-hill.com |
| Address: |
Diamond Hill Investment Group, Inc. 325 John H. McConnell Boulevard, Suite 200, Columbus, Ohio, 43215, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | DHIL | Common Stock | Nasdaq Global Select | US | USD | 10. Jan 1995 |
Number of employees
Current staff
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/23 23:36 |
| End of day share price update: | 2019/03/22 00:00 |
| Last earnings filing: | 2019/02/21 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
