Market Cap
US$315.3m
Last Updated
2020/02/21 00:53 UTC
Data Sources
Company Financials +
Executive Summary
Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide.
Snowflake Analysis
Unattractive dividend payer with concerning outlook.
Similar Companies
Share Price & News
How has Greenhill's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GHL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.1%
GHL
0.4%
US Capital Markets
0.06%
US Market
1 Year Return
-29.8%
GHL
17.9%
US Capital Markets
19.3%
US Market
Return vs Industry: GHL underperformed the US Capital Markets industry which returned 17.9% over the past year.
Return vs Market: GHL underperformed the US Market which returned 19.3% over the past year.
Shareholder returns
| GHL | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.1% | 0.4% | 0.06% |
| 30 Day | -4.1% | 0.7% | 1.7% |
| 90 Day | -2.4% | 6.9% | 9.0% |
| 1 Year | -28.9%-29.8% | 20.2%17.9% | 21.8%19.3% |
| 3 Year | -36.9%-42.4% | 40.2%32.4% | 49.5%39.9% |
| 5 Year | -45.4%-56.3% | 84.5%67.4% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Greenhill's share price compared to the market and industry in the last 5 years?
Simply Wall St News
12 hours ago | Simply Wall St
Before You Buy Greenhill & Co., Inc. (NYSE:GHL), Consider Its Volatility2 weeks ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Greenhill & Co., Inc.'s (NYSE:GHL) P/E Ratio3 weeks ago | Simply Wall St
Have Insiders Been Buying Greenhill & Co., Inc. (NYSE:GHL) Shares This Year?Valuation
Is Greenhill undervalued compared to its fair value and its price relative to the market?
37.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GHL ($16.92) is trading above our estimate of fair value ($5.47)
Significantly Below Fair Value: GHL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GHL is poor value based on its PE Ratio (37x) compared to the Capital Markets industry average (35.3x).
PE vs Market: GHL is poor value based on its PE Ratio (37x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GHL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GHL is overvalued based on its PB Ratio (11.8x) compared to the US Capital Markets industry average (6.8x).
Next Steps
Future Growth
How is Greenhill forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
9.3%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if GHL's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if GHL's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GHL's revenue (9.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: GHL's revenue (9.3% 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 GHL's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Greenhill performed over the past 5 years?
-34.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GHL has high quality earnings.
Growing Profit Margin: GHL's current net profit margins (4%) are lower than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: GHL's earnings have declined by -34.6% per year over the past 5 years.
Accelerating Growth: GHL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GHL had negative earnings growth (-72%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).
Return on Equity
High ROE: Whilst GHL's Return on Equity (38.72%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Greenhill's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GHL has a low level of unsold assets or inventory.
Debt Coverage by Assets: GHL's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: GHL's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if GHL has a sufficient allowance for bad loans.
Low Risk Liabilities: GHL reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GHL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GHL has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GHL has an appropriate level of bad loans.
Next Steps
Dividend
What is Greenhill's current dividend yield, its reliability and sustainability?
1.18%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Greenhill before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GHL's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: GHL's dividend (1.18%) is low compared to the top 25% of dividend payers in the US market (3.71%).
Stability and Growth of Payments
Stable Dividend: GHL's dividend payments have been volatile in the past 10 years.
Growing Dividend: GHL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.8%), GHL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GHL's dividends in 3 years are forecast to be well covered by earnings (15.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Scott Bok (59yo)
12.3yrs
Tenure
US$116,277
Compensation
Mr. Scott Lee Bok, J.D. is Chairman & CEO of Greenhill & Co., LLC (the "Company"). He previously served as Co-Chief Executive Officer and earlier as Co-President since prior to the Company's incorporation ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD116.28K) is below average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.3yrs | US$116.28k | 9.17% $28.9m | |
| President | 4.6yrs | US$5.74m | 0.28% $888.4k | |
| President & Co-Head of U.S. M&A | 4.6yrs | US$2.50m | 0.22% $694.1k | |
| MD, COO & CFO | 3.5yrs | US$1.42m | 0.81% $2.6m | |
| Founder & Chairman Emeritus | 0yrs | no data | 7.78% $24.5m | |
| MD & Head of Healthcare Services | 0yrs | no data | no data | |
| MD, Director of Investor Relations & COO of Investment Banking | 2.4yrs | no data | no data | |
| Chief Information Officer | 19.1yrs | no data | no data | |
| MD, General Counsel & Corporate Secretary | 0.4yrs | no data | no data | |
| Co-Head of Financial Technology Corporate Advisory- New York & MD of New York | 6.1yrs | no data | no data |
4.6yrs
Average Tenure
58.5yo
Average Age
Experienced Management: GHL's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.3yrs | US$116.28k | 9.17% $28.9m | |
| Founder & Chairman Emeritus | 0yrs | no data | 7.78% $24.5m | |
| Lead Independent Director | 4.1yrs | US$125.00k | 0.25% $789.6k | |
| Independent Director | 15.8yrs | US$140.00k | 0.15% $478.8k | |
| Independent Director | 1.6yrs | US$54.49k | 0.057% $178.2k | |
| Independent Director | 2.7yrs | US$125.00k | 0.079% $250.7k | |
| Independent Director | 6.8yrs | US$125.00k | 0.11% $334.8k |
3.4yrs
Average Tenure
69yo
Average Age
Experienced Board: GHL's board of directors are considered experienced (3.4 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Greenhill & Co., Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Greenhill & Co., Inc.
- Ticker: GHL
- Exchange: NYSE
- Founded: 1996
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: US$315.343m
- Market Cap: US$307.705m
- Shares outstanding: 18.19m
- Website: https://www.greenhill.com
Number of Employees
Location
- Greenhill & Co., Inc.
- 300 Park Avenue
- New York
- New York
- 10022
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GHL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 2004 |
| GH3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2004 |
Biography
Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction’s life cycle ranging from initial structuring and negotiation to final execution. It also advises clients on strategic matters, including activist response, defensive tactics, special committee projects, licensing deals, and joint ventures; and valuation, negotiation tactics, industry dynamics, structuring alternatives, and timing and pricing of transactions, as well as financing alternatives. In addition, the company provides debt restructuring advisory services to debtors, creditors, governments, pension funds and other stakeholders, and acquirers of distressed companies and assets; and advice on restructuring alternatives, capital structures, and sales or recapitalizations. Further, it assists clients in identifying and capitalizing on incremental sources of value; and who seek court-assisted reorganizations by developing and seeking approval for plans of reorganization, as well as the implementation of such plans. Additionally, the company advises on other financing matters, including debt issuances, equity financings, and exchange offers; and initial public offerings and other equity capital market transactions. It also offers financial advisory services to pension funds, endowments, and other institutional investors on transactions involving alternative assets; and advice to alternative asset fund sponsors for capital raising, financing, liquidity options, and related services. Greenhill & Co., Inc. was founded in 1996 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 00:53 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/12/31 |
| 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.