NasdaqGM:SAMG

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Silvercrest Asset Management Group

Executive Summary

Silvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States. More Details


Snowflake Analysis

Very undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Silvercrest Asset Management Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SAMG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SAMG's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.0%

SAMG

-1.2%

US Capital Markets

2.6%

US Market


1 Year Return

23.9%

SAMG

17.5%

US Capital Markets

26.0%

US Market

Return vs Industry: SAMG exceeded the US Capital Markets industry which returned 17.5% over the past year.

Return vs Market: SAMG underperformed the US Market which returned 26% over the past year.


Shareholder returns

SAMGIndustryMarket
7 Day-3.0%-1.2%2.6%
30 Day6.6%4.6%5.1%
90 Day28.5%24.1%17.1%
1 Year30.8%23.9%20.4%17.5%28.9%26.0%
3 Year10.8%-3.2%27.7%17.9%46.3%36.6%
5 Year69.2%37.2%138.6%108.9%126.9%101.6%

Long-Term Price Volatility Vs. Market

How volatile is Silvercrest Asset Management Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Silvercrest Asset Management Group undervalued compared to its fair value and its price relative to the market?

29.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAMG ($15.01) is trading below our estimate of fair value ($21.37)

Significantly Below Fair Value: SAMG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SAMG is good value based on its PE Ratio (13.5x) compared to the US Capital Markets industry average (27.1x).

PE vs Market: SAMG is good value based on its PE Ratio (13.5x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: SAMG is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SAMG is good value based on its PB Ratio (2.1x) compared to the US Capital Markets industry average (4.9x).


Next Steps

Future Growth

How is Silvercrest Asset Management Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAMG's forecast earnings growth (14.4% per year) is above the savings rate (2%).

Earnings vs Market: SAMG's earnings (14.4% per year) are forecast to grow slower than the US market (21.5% per year).

High Growth Earnings: SAMG's earnings are forecast to grow, but not significantly.

Revenue vs Market: SAMG's revenue (9.1% per year) is forecast to grow slower than the US market (10.6% per year).

High Growth Revenue: SAMG's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SAMG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Silvercrest Asset Management Group performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAMG has high quality earnings.

Growing Profit Margin: SAMG's current net profit margins (9.8%) are higher than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: SAMG's earnings have grown by 18.6% per year over the past 5 years.

Accelerating Growth: SAMG's earnings growth over the past year (15.1%) is below its 5-year average (18.6% per year).

Earnings vs Industry: SAMG earnings growth over the past year (15.1%) exceeded the Capital Markets industry 4.9%.


Return on Equity

High ROE: SAMG's Return on Equity (18%) is considered low.


Next Steps

Financial Health

How is Silvercrest Asset Management Group's financial position?


Financial Position Analysis

Short Term Liabilities: SAMG's short term assets ($61.7M) exceed its short term liabilities ($40.8M).

Long Term Liabilities: SAMG's short term assets ($61.7M) exceed its long term liabilities ($59.6M).


Debt to Equity History and Analysis

Debt Level: SAMG's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: SAMG's debt to equity ratio has increased from 8.1% to 13.4% over the past 5 years.

Debt Coverage: SAMG's debt is well covered by operating cash flow (185.5%).

Interest Coverage: SAMG's interest payments on its debt are well covered by EBIT (35.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Silvercrest Asset Management Group current dividend yield, its reliability and sustainability?

4.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SAMG's dividend (4.26%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: SAMG's dividend (4.26%) is in the top 25% of dividend payers in the US market (3.85%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SAMG has been paying a dividend for less than 10 years.

Growing Dividend: SAMG's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), SAMG's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SAMG's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Rick Hough (50 yo)

7.17yrs

Tenure

US$2,544,417

Compensation

Mr. Richard R. Hough III, also known as Rick, is Chairman and Chief Executive Officer of Silvercrest Asset Management Group Inc., (“Silvercrest”). Mr. Hough joined Silvercrest in 2003 and became a Partner ...


CEO Compensation Analysis

Compensation vs Market: Rick's total compensation ($USD2.54M) is above average for companies of similar size in the US market ($USD996.42K).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Hough
Chairman7.17yrsUS$2.54m0.10%
$ 221.4k
John Gray
Managing Directorno dataUS$2.26m0.19%
$ 415.2k
Scott Gerard
Chief Financial Officerno dataUS$1.27m0.0010%
$ 2.3k
David Campbell
General Counsel & Secretaryno dataUS$1.08m0.0010%
$ 2.3k
Albert Messina
Portfolio Manager & Director6.83yrsUS$865.74kno data
Alexander Waldorf
Senior Vice President3yrsno datano data
Scott Brown
MD and Portfolio Manager of Equity & Fixed Income Portfolios3yrsno datano data
Palmer Garson
Managing Director of Investment Policy and Strategy Groupno datano datano data
Vincent Pandes
Managing Director of Portfolio Managers & Equity Management2yrsno datano data
Alphonse H. Chan
Managing Director of Equity Management2yrsno datano data
Robert Choi
Managing Director of Equity Management2yrsno datano data
Christopher Richey
Managing Director of Equity Management2yrsno datano data

2.5yrs

Average Tenure

55.5yo

Average Age

Experienced Management: SAMG's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Hough
Chairman7.17yrsUS$2.54m0.10%
$ 221.4k
Albert Messina
Portfolio Manager & Director6.83yrsUS$865.74kno data
Richard Burns
Independent Director1.25yrsUS$16.25kno data
Winthrop Conrad
Independent Directorno dataUS$65.00k0.042%
$ 92.4k
Brian Dunn
Independent Director3.58yrsUS$65.00k0.094%
$ 207.9k

4.4yrs

Average Tenure

65yo

Average Age

Experienced Board: SAMG's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Silvercrest Asset Management Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Silvercrest Asset Management Group Inc.
  • Ticker: SAMG
  • Exchange: NasdaqGM
  • Founded: 2002
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$220.472m
  • Market Cap: US$143.265m
  • Shares outstanding: 14.37m
  • Website: https://www.silvercrestgroup.com

Number of Employees


Location

  • Silvercrest Asset Management Group Inc.
  • 1330 Avenue of the Americas
  • 38th Floor
  • New York
  • New York
  • 10019
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAMGNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDJun 2013

Biography

Silvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 23:47
End of Day Share Price2021/01/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.