NYSE:EVR

Stock Analysis Report

Executive Summary

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally.


Snowflake Analysis

Undervalued established dividend payer.


Similar Companies

Share Price & News

How has Evercore's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EVR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.3%

EVR

10.8%

US Capital Markets

9.4%

US Market


1 Year Return

-41.0%

EVR

-5.5%

US Capital Markets

-6.8%

US Market

Return vs Industry: EVR underperformed the US Capital Markets industry which returned -6.8% over the past year.

Return vs Market: EVR underperformed the US Market which returned -8.1% over the past year.


Shareholder returns

EVRIndustryMarket
7 Day18.3%10.8%9.4%
30 Day8.2%-0.2%-3.9%
90 Day-25.0%-17.9%-16.5%
1 Year-39.2%-41.0%-3.6%-5.5%-4.8%-6.8%
3 Year-18.7%-24.1%21.4%14.5%23.4%15.2%
5 Year28.3%14.4%44.9%31.2%41.3%25.7%

Price Volatility Vs. Market

How volatile is Evercore's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Evercore undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVR ($55.78) is trading below our estimate of fair value ($257.37)

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


Price To Earnings Ratio

PE vs Industry: EVR is good value based on its PE Ratio (7.5x) compared to the Capital Markets industry average (34.3x).

PE vs Market: EVR is good value based on its PE Ratio (7.5x) compared to the US market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: EVR is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: EVR is good value based on its PB Ratio (2.5x) compared to the US Capital Markets industry average (8.6x).


Next Steps

Future Growth

How is Evercore forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVR's forecast earnings growth (4.7% per year) is above the savings rate (1.7%).

Earnings vs Market: EVR's earnings (4.7% per year) are forecast to grow slower than the US market (13.3% per year).

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

Revenue vs Market: EVR's revenue (2.9% per year) is forecast to grow slower than the US market (6.9% per year).

High Growth Revenue: EVR's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EVR's Return on Equity is forecast to be high in 3 years time (28.4%)


Next Steps

Past Performance

How has Evercore performed over the past 5 years?

38.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVR has high quality earnings.

Growing Profit Margin: EVR's current net profit margins (14.8%) are lower than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: EVR's earnings have grown significantly by 38.4% per year over the past 5 years.

Accelerating Growth: EVR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EVR had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Capital Markets industry average (9.7%).


Return on Equity

High ROE: EVR's Return on Equity (31.4%) is considered high.


Next Steps

Financial Health

How is Evercore's financial position?


Financial Position Analysis

Short Term Liabilities: EVR's short term assets ($1.4B) exceed its short term liabilities ($668.7M).

Long Term Liabilities: EVR's short term assets ($1.4B) exceed its long term liabilities ($803.7M).


Debt to Equity History and Analysis

Debt Level: EVR's debt to equity ratio (35.6%) is considered satisfactory.

Reducing Debt: EVR's debt to equity ratio has increased from 32.8% to 35.6% over the past 5 years.

Debt Coverage: EVR's debt is well covered by operating cash flow (125.8%).

Interest Coverage: Insufficient data to determine if EVR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Evercore's current dividend yield, its reliability and sustainability?

4.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVR's dividend (4.16%) is higher than the bottom 25% of dividend payers in the US market (1.89%).

High Dividend: EVR's dividend (4.16%) is low compared to the top 25% of dividend payers in the US market (5.26%).


Stability and Growth of Payments

Stable Dividend: EVR's dividends per share have been stable in the past 10 years.

Growing Dividend: EVR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), EVR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVR's dividends in 3 years are forecast to be well covered by earnings (33.9% payout ratio).


Next Steps

Management

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

12.8yrs

Average management tenure


CEO

Ralph Schlosstein (68yo)

10.92s

Tenure

US$7,951,012

Compensation

Mr. Ralph Lewis Schlosstein is President and Chief Executive Officer of Evercore, a position he has held since May 2009. Prior to joining Evercore, Mr. Schlosstein was the Chief Executive Officer of Hig ...


CEO Compensation Analysis

Compensation vs Market: Ralph's total compensation ($USD7.95M) is above average for companies of similar size in the US market ($USD4.69M).

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


Leadership Team

NamePositionTenureCompensationOwnership
John Weinberg
Executive Chairman3.42yrsUS$7.95m1.81% $43.7m
Ralph Schlosstein
President10.92yrsUS$7.95m1.42% $34.1m
Roger Altman
Founder & Senior Chairman3.42yrsUS$9.45m0.14% $3.4m
Robert Walsh
Executive VP12.83yrsUS$3.48m0.15% $3.5m
Andrew Sibbald
Chairman Investment Banking of Europeno dataUS$4.04m0.063% $1.5m
Paul Pensa
Senior MDno datano data0.011% $276.6k
Christopher Sanger
Managing Directorno datano datano data
Chris Turek
Senior MDno datano datano data
Jason Klurfeld
Senior MDno datano datano data
Liz Lynch
Senior MD & Head of Human Capital Groupno datano datano data

12.8yrs

Average Tenure

62yo

Average Age

Experienced Management: EVR's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Weinberg
Executive Chairman3.42yrsUS$7.95m1.81% $43.7m
Ralph Schlosstein
President10.92yrsUS$7.95m1.42% $34.1m
Roger Altman
Founder & Senior Chairman3.42yrsUS$9.45m0.14% $3.4m
Walter Kuna
Senior MD of German Advisory Business and Chairman of Evercore Germanyno datano datano data
Willard Overlock
Independent Director5.5yrsUS$181.94k0.014% $341.2k
Robert Millard
Independent Director7.75yrsUS$201.94k0.11% $2.7m
Richard Beattie
Independent Director10.17yrsUS$181.94k0.061% $1.5m
Simon Robertson
Independent Director3yrsUS$181.94k0.0069% $165.3k
William Wheeler
Independent Director5.17yrsUS$201.94k0.014% $338.8k
Gail Harris
Lead Directorno dataUS$201.94k0.093% $2.2m

5.3yrs

Average Tenure

68yo

Average Age

Experienced Board: EVR's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: EVR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Evercore Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Evercore Inc.
  • Ticker: EVR
  • Exchange: NYSE
  • Founded: 1995
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: US$2.409b
  • Market Cap: US$2.275b
  • Shares outstanding: 43.19m
  • Website: https://www.evercore.com

Number of Employees


Location

  • Evercore Inc.
  • 55 East 52nd Street
  • New York
  • New York
  • 10055
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVRNYSE (New York Stock Exchange)YesClass A Common StockUSUSDAug 2006
EVR *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNAug 2006
QGJDB (Deutsche Boerse AG)YesClass A Common StockDEEURAug 2006
QGJBRSE (Berne Stock Exchange)YesClass A Common StockCHCHFAug 2006

Biography

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency-based equity trading services and equity research. This segment also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers; and macroeconomic, policy, and fundamental equity research and agency-based equity securities trading for institutional investors. In addition, it engages in the provision of capital markets advisory services and advisory services focused on secondary transactions for private funds interests; and raising funds for financial sponsors. The Investment Management segment offers investment advisory, wealth management, and fiduciary services for high net-worth individuals and related entities; and institutional asset management services, including financial assets management services for institutional investors. It also holds interests in private equity funds; and provides trust services. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 04:04
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
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.