Silvercrest Asset Management Group
Market Cap
US$220.5m
Last Updated
2021/01/25 23:47 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with excellent balance sheet and pays a dividend.
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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
| SAMG | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -1.2% | 2.6% |
| 30 Day | 6.6% | 4.6% | 5.1% |
| 90 Day | 28.5% | 24.1% | 17.1% |
| 1 Year | 30.8%23.9% | 20.4%17.5% | 28.9%26.0% |
| 3 Year | 10.8%-3.2% | 27.7%17.9% | 46.3%36.6% |
| 5 Year | 69.2%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
8 hours ago | Simply Wall St
Read This Before Buying Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) For Its Dividend4 weeks ago | Simply Wall St
Shareholders Of Silvercrest Asset Management Group (NASDAQ:SAMG) Must Be Happy With Their 49% Return1 month ago | Simply Wall St
There's A Lot To Like About Silvercrest Asset Management Group's (NASDAQ:SAMG) Upcoming US$0.16 DividendValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.17yrs | US$2.54m | 0.10% $ 221.4k | |
| Managing Director | no data | US$2.26m | 0.19% $ 415.2k | |
| Chief Financial Officer | no data | US$1.27m | 0.0010% $ 2.3k | |
| General Counsel & Secretary | no data | US$1.08m | 0.0010% $ 2.3k | |
| Portfolio Manager & Director | 6.83yrs | US$865.74k | no data | |
| Senior Vice President | 3yrs | no data | no data | |
| MD and Portfolio Manager of Equity & Fixed Income Portfolios | 3yrs | no data | no data | |
| Managing Director of Investment Policy and Strategy Group | no data | no data | no data | |
| Managing Director of Portfolio Managers & Equity Management | 2yrs | no data | no data | |
| Managing Director of Equity Management | 2yrs | no data | no data | |
| Managing Director of Equity Management | 2yrs | no data | no data | |
| Managing Director of Equity Management | 2yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.17yrs | US$2.54m | 0.10% $ 221.4k | |
| Portfolio Manager & Director | 6.83yrs | US$865.74k | no data | |
| Independent Director | 1.25yrs | US$16.25k | no data | |
| Independent Director | no data | US$65.00k | 0.042% $ 92.4k | |
| Independent Director | 3.58yrs | US$65.00k | 0.094% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SAMG | NasdaqGM (Nasdaq Global Market) | Yes | Class A Common Stock | US | USD | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:47 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.