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Diamond Hill Investment Group

Nasdaq:DHIL
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DHIL
Nasdaq
$414M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

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 17 days ago. More info.


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DHIL Share Price and Events
7 Day Returns
-6.2%
NasdaqGS:DHIL
-2%
US Capital Markets
-1%
US Market
1 Year Returns
-31.7%
NasdaqGS:DHIL
-6.3%
US Capital Markets
-0.4%
US Market
DHIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Diamond Hill Investment Group (DHIL) -6.2% -7.5% -9.4% -31.7% -33% 0.9%
US Capital Markets -2% -4.1% 0% -6.3% 42.3% 54.2%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • DHIL underperformed the Capital Markets industry which returned -6.3% over the past year.
  • DHIL underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
DHIL
Industry
5yr Volatility vs Market

Value

 Is Diamond Hill Investment Group undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Diamond Hill Investment Group.

NasdaqGS:DHIL Discounted Cash Flow Data Sources
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
= $56.56 * 25.3%
$14.30
Book Value of Equity per Share Median Book Value from the past 5 years. $56.56
Discount Rate (Cost of Equity) See below 7.5%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:DHIL
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 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.661 (1 + (1- 21%) (0.8%))
0.775
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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.

NasdaqGS:DHIL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (25.3% – 7.5%) * $56.56)
$10.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $10.06 / (7.5% - 2.73%)
$210.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $56.56 + $210.92
$267.48
NasdaqGS:DHIL Discount to Share Price
Calculation Result
Value per share (USD) From above. $267.48
Current discount Discount to share price of $129.09
= -1 x ($129.09 - $267.48) / $267.48
51.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Diamond Hill Investment Group is available for.
Intrinsic value
>50%
Share price is $129.09 vs Future cash flow value of $267.48
Current Discount Checks
For Diamond Hill Investment Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NasdaqGS:DHIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $14.31
NasdaqGS:DHIL Share Price ** NasdaqGS (2019-08-16) in USD $129.09
United States of America Capital Markets Industry PE Ratio Median Figure of 94 Publicly-Listed Capital Markets Companies 39.33x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Diamond Hill Investment Group.

NasdaqGS:DHIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DHIL Share Price ÷ EPS (both in USD)

= 129.09 ÷ 14.31

9.02x

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?
Raw Data
NasdaqGS:DHIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
20.8%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 35 Publicly-Listed Capital Markets Companies 1.75x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*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?
Raw Data
NasdaqGS:DHIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $67.65
NasdaqGS:DHIL Share Price * NasdaqGS (2019-08-16) in USD $129.09
United States of America Capital Markets Industry PB Ratio Median Figure of 178 Publicly-Listed Capital Markets Companies 7.45x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:DHIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DHIL Share Price ÷ Book Value per Share (both in USD)

= 129.09 ÷ 67.65

1.91x

* 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.
X
Value checks
We assess Diamond Hill Investment Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. 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

 How is Diamond Hill Investment Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • 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!
Annual Growth Rate
20.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Diamond Hill Investment Group expected to grow at an attractive rate?
  • 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 expected to exceed 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
Raw Data
NasdaqGS:DHIL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:DHIL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 20.8%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
Raw Data
NasdaqGS:DHIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:DHIL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 138 64 50
2019-03-31 140 63 51
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Diamond Hill Investment Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Diamond Hill Investment Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:DHIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DHIL Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 14.31
2019-03-31 14.60
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

*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.
X
Future performance checks
We assess Diamond Hill Investment Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Diamond Hill Investment Group has a total score of 3/6, 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
Below we compare Diamond Hill Investment Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Diamond Hill Investment Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Diamond Hill Investment Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DHIL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 138.04 50.14 18.20
2019-03-31 140.43 51.32 17.33
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

*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 efficiently used shareholders’ funds last year (Return on Equity greater 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).
X
Past performance checks
We assess Diamond Hill Investment Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Diamond Hill Investment Group has a total score of 3/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Diamond Hill Investment Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Diamond Hill Investment Group Company Filings, last reported 1 month ago.

NasdaqGS:DHIL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 251.77 0.00 112.28
2019-03-31 246.66 0.00 82.13
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
  • 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.
X
Financial health checks
We assess Diamond Hill Investment Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Diamond Hill Investment Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
6.2%
Current annual income from Diamond Hill Investment Group dividends.
If you bought $2,000 of Diamond Hill Investment Group shares you are expected to receive $124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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 (3.84%).
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.
Raw Data
NasdaqGS:DHIL Annualized Past and Future Dividends
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 42 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:DHIL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-21 8.000 5.696
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 >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Diamond Hill Investment Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Diamond Hill Investment Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Diamond Hill Investment Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Diamond Hill Investment Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Bingaman
COMPENSATION $4,397,593
AGE 53
TENURE AS CEO 3.6 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 whilst earnings fell less than 20%.
  • 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:

4.6
Average Tenure
52.5
Average Age
  • The tenure for the Diamond Hill Investment Group management team is about average.
Management Team

Chris Bingaman

TITLE
President
COMPENSATION
$4M
AGE
53
TENURE
3.6 yrs

Tom Line

TITLE
CFO & Treasurer
COMPENSATION
$516K
AGE
52
TENURE
4.6 yrs

Frances Skinner

TITLE
Chief Administrative Officer of Investments
AGE
54
TENURE
1.3 yrs

Chris Welch

TITLE
Co-Chief Investment Officer & Portfolio Manager
TENURE
9.2 yrs

Austin Hawley

TITLE
Co-Chief Investment Officer & Portfolio Manager
TENURE
4.6 yrs

Gary Young

TITLE
MD of Administration
AGE
49

Susan Stuart

TITLE
Head of Communications

Jill Williams

TITLE
Director of Human Resources
TENURE
5.6 yrs

Jeff Cook

TITLE
Controller
AGE
38

Chuck Bath

TITLE
Managing Director of Equities - Diamond Hill Capital Management Inc
AGE
64
TENURE
16.9 yrs
Board of Directors Tenure

Average tenure and age of the Diamond Hill Investment Group board of directors in years:

0.5
Average Tenure
61
Average Age
  • The average tenure for the Diamond Hill Investment Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jim Laird

TITLE
Chairman of the Board & Lead Independent Director
AGE
62
TENURE
0.3 yrs

Chris Bingaman

TITLE
President
COMPENSATION
$4M
AGE
53
TENURE
0.5 yrs

Bradley Shoup

TITLE
Independent Director
AGE
61
TENURE
7.3 yrs

Randy Fortener

TITLE
Independent Director
COMPENSATION
$695K
AGE
65
TENURE
6.3 yrs

Nicole St. Pierre

TITLE
Independent Director
AGE
46
TENURE
0.5 yrs

Paul Reeder

TITLE
Independent Director
AGE
57
TENURE
4.3 yrs

Paula Meyer

TITLE
Independent Director
AGE
64
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
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
X
Management checks
We assess Diamond Hill Investment Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

What Kind Of Shareholder Appears On The Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) Shareholder Register?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$433m, Diamond Hill Investment Group is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Diamond Hill Investment Group NasdaqGS:DHIL Ownership Summary, August 6th 2019 What Does The Institutional Ownership Tell Us About Diamond Hill Investment Group? … Insider Ownership Of Diamond Hill Investment Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Are Insiders Selling Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Diamond Hill Investment Group Diamond Hill Investment Group Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the , Roderick Dillon, sold US$418k worth of shares at a price of US$161 per share. … NasdaqGS:DHIL Recent Insider Trading, July 22nd 2019 Insider Ownership of Diamond Hill Investment Group Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … So What Do The Diamond Hill Investment Group Insider Transactions Indicate?

Simply Wall St -

Here's What We Think About Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) CEO Pay

Check out our latest analysis for Diamond Hill Investment Group How Does Chris Bingaman's Compensation Compare With Similar Sized Companies? … The graphic below shows how CEO compensation at Diamond Hill Investment Group has changed from year to year. … Given the total loss of 22% over three years, many shareholders in Diamond Hill Investment Group, Inc.

Simply Wall St -

These Factors Make Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) An Interesting Investment

Diamond Hill Investment Group, Inc. … For those interested in digger a bit deeper into my commentary, take a look at the report on Diamond Hill Investment Group here. … NasdaqGS:DHIL Intrinsic value, June 6th 2019 Next Steps: For Diamond Hill Investment Group, I've compiled three important aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for DHIL’s future growth?

Simply Wall St -

What Kind Of Shareholder Appears On The Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) Shareholder Register?

Every investor in Diamond Hill Investment Group, Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Diamond Hill Investment Group is not a large company by global standards.

Simply Wall St -

Does Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Have A Good P/E Ratio?

We'll look at Diamond Hill Investment Group, Inc.'s (NASDAQ:DHIL) P/E ratio and reflect on what it tells us about the company's share price. … Diamond Hill Investment Group has a P/E ratio of 10.45, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

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 -

The 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 -

Have 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 -

How 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 -

Company 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
$414,227,606
3,208,828
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
Staff numbers
125
Diamond Hill Investment Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:37
End of day share price update: 2019/08/16 00:00
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
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.