Greenhill
Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The last earnings update was 23 days ago. More info.
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- Greenhill has significant price volatility in the past 3 months.
GHL Share Price and Events
7 Day Returns
1 Year Returns
GHL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Greenhill (GHL) | -0.9% | -13% | -6.2% | 17.8% | -4.5% | -59.4% |
| US Capital Markets | -4% | -4.2% | 11.1% | -10% | 51.8% | 54.4% |
| US Market | -1.1% | 0.3% | 17.2% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- GHL outperformed the Capital Markets industry which returned -10% over the past year.
- GHL outperformed the Market in United States of America which returned 6.4% over the past year.
GHL Value
Is Greenhill 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
Greenhill
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenhill.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $7.11 * 47.7% |
$3.39 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 2 analysts. | $7.11 |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| 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.
| 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 | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 21%) (73.55%)) |
1.09 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.09 * 5.96%) |
9.23% |
Discounted Cash Flow Calculation for NYSE:GHL using Excess Returns Model Model
The calculations below outline how an intrinsic value for Greenhill 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (47.7% – 9.23%) * $7.11) |
$2.74 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $2.74 / (9.23% - 2.73%) |
$42.11 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $7.11 + $42.11 |
$49.22 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $49.22 |
| Current discount | Discount to share price of
$20.96
= -1 x ($20.96 - $49.22) / $49.22 |
57.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Greenhill's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Greenhill'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 Greenhill's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Greenhill's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.46 |
| NYSE:GHL Share Price ** | NYSE (2019-03-22) in USD | $20.96 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 77 Publicly-Listed Capital Markets Companies | 24.51x |
| United States of America Market PE Ratio | Median Figure of 3,062 Publicly-Listed Companies | 17.16x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Greenhill.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GHL Share Price ÷ EPS (both in USD) = 20.96 ÷ 1.46 |
14.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greenhill is good value based on earnings compared to the US Capital Markets industry average.
- Greenhill is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Greenhill's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
8.6%per year |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 1.85x |
| United States of America Market PEG Ratio | Median Figure of 2,105 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.33x ÷ 8.6% |
1.67x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greenhill is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Greenhill's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $3.06 |
| NYSE:GHL Share Price * | NYSE (2019-03-22) in USD | $20.96 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 153 Publicly-Listed Capital Markets Companies | 5.04x |
| United States of America Market PB Ratio | Median Figure of 5,165 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GHL Share Price ÷ Book Value per Share (both in USD) = 20.96 ÷ 3.06 |
6.86x |
* Primary Listing of Greenhill.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greenhill is overvalued based on assets compared to the US Capital Markets industry average.
Value checks
We assess Greenhill's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Greenhill has a total score of 4/6, 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.
GHL Future Performance
How is Greenhill expected to perform in the next 1 to 3 years based on estimates from 7 analysts?
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!
Earnings growth vs Low Risk Savings
- Greenhill's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Greenhill's earnings growth is positive but not above the United States of America market average.
- Greenhill's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:GHL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 8.6% |
| NYSE:GHL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 5.1% |
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 379 | 46 | 1 | |
| 2020-12-31 | 368 | 96 | 50 | 7 |
| 2019-12-31 | 353 | 60 | 45 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 330 | 116 | 39 |
| 2018-09-30 | 308 | 65 | 2 |
| 2018-06-30 | 275 | 18 | -15 |
| 2018-03-31 | 258 | 24 | -20 |
| 2017-12-31 | 232 | 15 | -27 |
| 2017-09-30 | 271 | 70 | 23 |
| 2017-06-30 | 299 | 91 | 42 |
| 2017-03-31 | 322 | 94 | 56 |
| 2016-12-31 | 332 | 124 | 61 |
| 2016-09-30 | 306 | 101 | 45 |
| 2016-06-30 | 281 | 86 | 33 |
| 2016-03-31 | 264 | 77 | 22 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
All data from Greenhill Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.76 | 1.76 | 1.76 | 1.00 |
| 2020-12-31 | 1.96 | 2.45 | 1.37 | 5.00 |
| 2019-12-31 | 1.79 | 2.30 | 1.27 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.46 |
| 2018-09-30 | 0.07 |
| 2018-06-30 | -0.50 |
| 2018-03-31 | -0.62 |
| 2017-12-31 | -0.83 |
| 2017-09-30 | 0.72 |
| 2017-06-30 | 1.31 |
| 2017-03-31 | 1.73 |
| 2016-12-31 | 1.90 |
| 2016-09-30 | 1.41 |
| 2016-06-30 | 1.02 |
| 2016-03-31 | 0.71 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Greenhill's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Greenhill has a total score of 2/6, 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.
GHL Past Performance
How has Greenhill 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
Past Earnings growth analysis
- Greenhill's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Greenhill has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Greenhill has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
All data from Greenhill Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 329.55 | 39.22 | 227.59 | |
| 2018-09-30 | 308.47 | 1.86 | 217.51 | |
| 2018-06-30 | 274.58 | -15.27 | 206.24 | |
| 2018-03-31 | 258.16 | -19.54 | 196.18 | |
| 2017-12-31 | 231.98 | -26.65 | 189.13 | |
| 2017-09-30 | 270.62 | 23.25 | 200.71 | |
| 2017-06-30 | 299.08 | 42.28 | 203.96 | |
| 2017-03-31 | 322.28 | 55.66 | 208.56 | |
| 2016-12-31 | 332.29 | 60.76 | 208.88 | |
| 2016-09-30 | 306.44 | 44.99 | 198.77 | |
| 2016-06-30 | 280.73 | 32.56 | 189.03 | |
| 2016-03-31 | 263.60 | 22.35 | 185.14 | |
| 2015-12-31 | 259.08 | 25.60 | 175.13 | |
| 2015-09-30 | 260.51 | 32.93 | 169.44 | |
| 2015-06-30 | 302.14 | 52.12 | 183.97 | |
| 2015-03-31 | 292.30 | 50.75 | 178.52 | |
| 2014-12-31 | 274.00 | 43.39 | 172.19 | |
| 2014-09-30 | 273.71 | 43.95 | 174.75 | |
| 2014-06-30 | 226.42 | 25.87 | 155.39 | |
| 2014-03-31 | 250.15 | 33.30 | 165.91 | |
| 2013-12-31 | 286.16 | 46.68 | 179.19 | |
| 2013-09-30 | 302.11 | 46.03 | 187.20 | |
| 2013-06-30 | 320.32 | 52.82 | 193.38 | |
| 2013-03-31 | 280.90 | 39.57 | 175.73 | |
| 2012-12-31 | 284.06 | 42.09 | 174.96 | |
| 2012-09-30 | 286.09 | 43.08 | 186.25 | |
| 2012-06-30 | 283.56 | 43.05 | 170.43 | |
| 2012-03-31 | 326.78 | 62.30 | 188.07 |
*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.
- Whilst Greenhill made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Greenhill used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
- Unable to establish if Greenhill improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Greenhill's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Greenhill has a total score of 1/6, 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.
GHL Health
How is Greenhill'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 Greenhill's finances.
The net worth of a company is the difference between its assets and liabilities.
- Greenhill is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Greenhill's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.7x debt.
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.
All data from Greenhill Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 62.36 | 319.48 | 152.59 |
| 2018-09-30 | 62.68 | 327.65 | 121.58 |
| 2018-06-30 | 102.57 | 331.45 | 145.46 |
| 2018-03-31 | 178.01 | 335.25 | 204.28 |
| 2017-12-31 | 208.30 | 339.05 | 263.77 |
| 2017-09-30 | 292.82 | 83.78 | 46.38 |
| 2017-06-30 | 280.60 | 79.90 | 63.62 |
| 2017-03-31 | 278.98 | 90.88 | 47.74 |
| 2016-12-31 | 291.18 | 80.95 | 94.06 |
| 2016-09-30 | 282.20 | 79.38 | 50.87 |
| 2016-06-30 | 279.78 | 77.40 | 58.90 |
| 2016-03-31 | 270.88 | 88.85 | 50.67 |
| 2015-12-31 | 283.36 | 73.55 | 65.22 |
| 2015-09-30 | 276.31 | 78.67 | 30.65 |
| 2015-06-30 | 288.61 | 72.50 | 41.62 |
| 2015-03-31 | 236.23 | 34.70 | 28.84 |
| 2014-12-31 | 256.24 | 35.60 | 44.75 |
| 2014-09-30 | 257.72 | 39.20 | 32.27 |
| 2014-06-30 | 255.86 | 37.45 | 24.26 |
| 2014-03-31 | 251.82 | 36.25 | 31.82 |
| 2013-12-31 | 277.71 | 30.85 | 37.58 |
| 2013-09-30 | 267.99 | 36.35 | 36.12 |
| 2013-06-30 | 271.65 | 32.25 | 54.40 |
| 2013-03-31 | 295.96 | 26.45 | 54.04 |
| 2012-12-31 | 303.51 | 29.13 | 77.43 |
| 2012-09-30 | 333.02 | 35.43 | 74.58 |
| 2012-06-30 | 342.04 | 27.83 | 96.75 |
| 2012-03-31 | 353.18 | 27.04 | 105.28 |
- Greenhill's level of debt (512.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (11.1% vs 512.3% today).
- Debt is well covered by operating cash flow (36.4%, greater than 20% of total debt).
- Unable to confirm if the interest payments on Greenhill's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Greenhill's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Greenhill has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
GHL Dividends
What is Greenhill'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
If you bought
$2,000 of
Greenhill
shares you are expected to receive
$19
in your first year as a dividend.
Dividend Amount
- Greenhill's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- Greenhill's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
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.
| 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 7 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.20 | 1.00 |
| 2020-12-31 | 0.21 | 6.00 |
| 2019-12-31 | 0.21 | 6.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-01 | 0.200 | 0.900 |
| 2019-01-30 | 0.200 | 0.814 |
| 2018-08-07 | 0.200 | 0.768 |
| 2018-08-02 | 0.200 | 0.613 |
| 2018-05-10 | 0.200 | 0.694 |
| 2018-05-03 | 0.200 | 0.816 |
| 2018-02-28 | 0.200 | 1.020 |
| 2018-02-06 | 0.200 | 1.025 |
| 2017-11-09 | 0.200 | 1.041 |
| 2017-10-18 | 0.200 | 1.115 |
| 2017-08-09 | 1.800 | 11.557 |
| 2017-07-27 | 1.800 | 10.080 |
| 2017-05-08 | 1.800 | 8.642 |
| 2017-04-27 | 1.800 | 7.062 |
| 2017-02-28 | 1.800 | 6.314 |
| 2017-01-26 | 1.800 | 6.057 |
| 2016-10-26 | 1.800 | 6.689 |
| 2016-10-24 | 1.800 | 7.600 |
| 2016-08-08 | 1.800 | 7.981 |
| 2016-07-26 | 1.800 | 9.179 |
| 2016-05-05 | 1.800 | 9.526 |
| 2016-04-20 | 1.800 | 8.448 |
| 2016-02-26 | 1.800 | 8.362 |
| 2016-01-27 | 1.800 | 7.746 |
| 2015-11-04 | 1.800 | 7.104 |
| 2015-10-22 | 1.800 | 6.800 |
| 2015-08-05 | 1.800 | 5.595 |
| 2015-07-23 | 1.800 | 4.568 |
| 2015-05-08 | 1.800 | 4.472 |
| 2015-04-23 | 1.800 | 4.412 |
| 2014-10-23 | 1.800 | 4.384 |
| 2014-04-23 | 1.800 | 3.779 |
| 2013-10-17 | 1.800 | 3.386 |
| 2013-04-19 | 1.800 | 3.730 |
| 2013-04-17 | 1.800 | 3.829 |
| 2012-10-17 | 1.800 | 3.380 |
| 2012-07-18 | 1.800 | 4.021 |
| 2012-04-18 | 1.800 | 5.073 |
| 2012-01-25 | 1.800 | 4.047 |
| 2011-10-19 | 1.800 | 4.747 |
| 2011-07-18 | 1.800 | 5.141 |
| 2011-04-20 | 1.800 | 3.322 |
| 2011-01-26 | 1.800 | 2.668 |
| 2010-10-20 | 1.800 | 2.266 |
| 2010-07-21 | 1.800 | 2.447 |
| 2010-04-21 | 1.800 | 2.589 |
| 2010-01-27 | 1.800 | 2.257 |
| 2009-10-22 | 1.800 | 2.180 |
| 2009-07-23 | 1.800 | 2.221 |
| 2009-04-23 | 1.800 | 2.429 |
| 2009-03-25 | 1.800 | 2.367 |
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.
Income/ dividend checks
We assess Greenhill's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Greenhill afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Greenhill 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.
GHL Management
CEO
| COMPENSATION | $7,282,917 |
| AGE | 58 |
| TENURE AS CEO | 11.4 years |
CEO Bio
Mr. Scott Lee Bok, J.D. has been the Chief Executive Officer of Greenhill & Co., Inc. since April 2010 and served as its President. Mr. Bok joined Greenhill as Managing Director in February 1997 and served as its U.S. President from January 2004 to October 2007 and Co-Chief Executive Officer from October 2007 to April 2010. He served as Chief Executive Officer of GHL Acquisition Corp. from November 2007 to September 2009 and Chairman since November 2007. He served as a Managing Director in the Mergers and Acquisitions and Restructuring Department of Morgan Stanley in New York and London and worked from 1986 to 1997. In more than ten years at Morgan Stanley, he advised corporations throughout North America, Europe and Asia in a variety of industries on acquisitions, divestitures, recapitalizations and joint ventures. From 1984 to 1986, he practiced mergers and acquisitions and securities law in New York with Wachtell, Lipton, Rosen & Katz. He served as Co-Chief Executive Officer of Stroz Friedberg, LLC since October 2007. He has been an Executive Director of Greenhill & Co., Inc. since March 2004. He serves as a Director at The Dyson-Kissner-Moran Corporation. He served as a Director at Republic Companies, Inc. from August 2003 to December 7, 2006 and Heartland Payment Systems, Inc. from October 2001 to May 15, 2008. He served as a Director at Ironshore Inc. He served as a Director of Stroz Friedberg, LLC since January 09, 2007. He served as a Director at Perficient Meritage, Inc. and Meritage Technologies. Mr. Bok is a Trustee of CARE in New York as well as Prep for Prep. He is a Member of the Berkshire Taconic Advisory Council of the Nature Conservancy and Owner of The White Hart. He serves as a Board Overseer of the School of Arts and Sciences of the University of Pennsylvania. He served as an Independent Director of Iridium Communications Inc. since November 2, 2007 until 2013. He received a J.D., cum laude, from the University of Pennsylvania Law School, where Mr. Bok was an Editor of the Law Review and a B.Sc. in Economics, cum laude, from the University of Pennsylvania's Wharton School. He has more than thirty years of experience advising on transactions.
CEO Compensation
- Scott's compensation has increased in line with Greenhill recently becoming profitable.
- Scott'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 Greenhill management team in years:
- The tenure for the Greenhill management team is about average.
Management Team
Scott Bok
CEO & Executive Director
$7M
58
11.4 yrs
David Wyles
President
$3M
49
3.7 yrs
Kevin Costantino
President & Co-Head of U.S. M&A
$2M
41
3.7 yrs
Hal Rodriguez
CFO, COO
$2M
62
2.6 yrs
Patrick Suehnholz
Director of Investor Relations and COO of Investment Banking & Principal
1.5 yrs
Michael Borgh
Managing Director of Technology Sector
1.7 yrs
John Shaffer
Chief Information Officer
18.2 yrs
James Babski
Co-Head of Financial Technology Corporate Advisory- New York & MD of New York
5.2 yrs
Michael Cramer
Head of European Industrial Corporate Advisory- Frankfurt & MD of Frankfurt
6.2 yrs
Pieter-Jan Bouten
MD & Head of United Kingdom
Board of Directors Tenure
Average tenure and age of the Greenhill board of directors in years:
- The tenure for the Greenhill board of directors is about average.
Board of Directors
Bob Greenhill
Chairman of the Board
81
23.2 yrs
Scott Bok
CEO & Executive Director
$7M
58
15 yrs
Stephen Key
Independent Director
$140K
74
14.8 yrs
Steven Goldstone
Lead Independent Director
$125K
72
3.2 yrs
Karen Robards
Independent Director
$125K
68
5.9 yrs
John Liu
Independent Director
$71K
50
1.8 yrs
Meryl Hartzband
Independent Director
63
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Nov 18 | Buy | Meryl Hartzband | Individual | 20. Nov 18 | 20. Nov 18 | 1,030 | $23.82 | $24,535 | ||
| 15. Nov 18 | Buy | Socatean Partners | Company | 13. Nov 18 | 14. Nov 18 | 219,770 | $24.17 | $4,987,361 | ||
| 13. Nov 18 | Buy | Scott Bok | Individual | 08. Nov 18 | 13. Nov 18 | 220,634 | $23.26 | $4,986,334 | ||
| 08. Aug 18 | Sell | Kevin Costantino | Individual | 08. Aug 18 | 08. Aug 18 | -8,175 | $32.24 | $-263,566 | ||
| 11. May 18 | Sell | David Wyles | Individual | 10. May 18 | 11. May 18 | -29,242 | $26.12 | $-749,042 | ||
Management checks
We assess Greenhill's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Greenhill 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.
GHL News
Simply Wall St News
What Should We Expect From Greenhill & Co., Inc.'s (NYSE:GHL) Earnings In The Years Ahead?
Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … The latest earnings release Greenhill & Co., Inc.'s (NYSE:GHL) announced in December 2018
Simply Wall St - – Full articleDoes Greenhill & Co., Inc.'s (NYSE:GHL) CEO Pay Compare Well With Peers?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Greenhill … How Does Scott Bok's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleAre Insiders Buying Greenhill & Co., Inc. (NYSE:GHL) Stock?
The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. … So shareholders might well want to know whether insiders have been buying or selling shares in Greenhill & Co., Inc. … In any event it's generally a positive if insiders are buying shares at around the current price.
Simply Wall St - – Full articleDoes Greenhill & Co., Inc. (NYSE:GHL) Have A High Beta?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleAt US$23.23, Is It Time To Put Greenhill & Co Inc (NYSE:GHL) On Your Watch List?
saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $28.3 and falling to the lows of $21.22. … A question to answer is whether Greenhill's current trading price of $23.23 reflective of the actual value of the? … Let’s take a look at Greenhill’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleGreenhill & Co Inc (NYSE:GHL) Investors Are Paying Above The Intrinsic Value
Understanding these differences is crucial when it comes to putting a value on the financial stock. … For instance, these businesses must hold a certain level of cash reserves on the books as a safety precaution.
Simply Wall St - – Full articleIs Greenhill & Co Inc's (NYSE:GHL) CEO Salary Justified?
How Does Scott Bok's Compensation Compare With Similar Sized Companies. … We examined companies with market caps from US$200m to US$800m, and discovered that the median CEO compensation of that group was US$2m. … Thus we can conclude that Scott Bok receives more in total compensation than the median of a group of companies in the same market, and of similar size to Greenhill & Co Inc
Simply Wall St - – Full articleWhat Kind Of Risk Should You Expect For Greenhill & Co Inc (NYSE:GHL)?
The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.
Simply Wall St - – Full articleIs It The Right Time To Buy Greenhill & Co Inc (NYSE:GHL)?
Greenhill & Co Inc (NYSE:GHL), a capital markets company based in United States,. … saw a significant share price rise of over 20% in the past couple of months on the NYSE. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?
Simply Wall St - – Full articleWhat Does Greenhill & Co Inc.'s (NYSE:GHL) Ownership Structure Look Like?
Check out our latest analysis for Greenhill NYSE:GHL Ownership_summary Jun 1st 18 Institutional Ownership In GHL's case, institutional ownership stands at 115.15%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … In general, this level of insider ownership has negatively affected underperforming (consistently low PE ratio) companies and positively affected the companies that outperform (consistently high PE ratio). … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: GHL's considerably high level of institutional ownership calls for further analysis into its margin of safety.
Simply Wall St - – Full articleGHL Company Info
Description
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.
Details
| Name: | Greenhill & Co., Inc. |
| GHL | |
| Exchange: | NYSE |
| Founded: | 1996 |
| $434,394,176 | |
| $433,706,604 | |
| 20,724,913 | |
| Website: | http://www.greenhill.com |
| Address: |
Greenhill & Co., Inc. 300 Park Avenue, New York, New York, 10022, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GHL | Common Stock | New York Stock Exchange | US | USD | 06. May 2004 | |
| DB | GH3 | Common Stock | Deutsche Boerse AG | DE | EUR | 06. May 2004 |
Number of employees
Current staff
Industry
| Investment Banking and Brokerage | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/24 23:53 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/03/21 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| 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.
