| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
GHL Stock Overview
Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide.
Greenhill Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.87 |
| 52 Week High | US$20.32 |
| 52 Week Low | US$9.00 |
| Beta | 0.92 |
| 1 Month Change | -19.43% |
| 3 Month Change | -39.37% |
| 1 Year Change | -33.54% |
| 3 Year Change | -29.75% |
| 5 Year Change | -51.26% |
| Change since IPO | -51.85% |
Recent News & Updates
Shareholder Returns
| GHL | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 5.0% | 6.3% | 6.3% |
| 1Y | -33.5% | -18.3% | -18.8% |
Return vs Industry: GHL underperformed the US Capital Markets industry which returned -18% over the past year.
Return vs Market: GHL underperformed the US Market which returned -18.4% over the past year.
Price Volatility
| GHL volatility | |
|---|---|
| GHL Average Weekly Movement | 7.2% |
| Capital Markets Industry Average Movement | 0.5% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GHL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GHL's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 364 | Scott Bok | https://www.greenhill.com |
Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide. The company offers advisory services related to mergers and acquisitions, divestitures, restructurings, financings, private capital raising, and other similar transactions. It also advises clients on strategic matters, including activist shareholder defense, 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.
Greenhill Fundamentals Summary
| GHL fundamental statistics | |
|---|---|
| Market Cap | US$178.94m |
| Earnings (TTM) | US$28.12m |
| Revenue (TTM) | US$282.36m |
6.4x
P/E Ratio0.6x
P/S RatioIs GHL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GHL income statement (TTM) | |
|---|---|
| Revenue | US$282.36m |
| Cost of Revenue | US$13.01m |
| Gross Profit | US$269.36m |
| Other Expenses | US$241.23m |
| Earnings | US$28.12m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.55 |
| Gross Margin | 95.39% |
| Net Profit Margin | 9.96% |
| Debt/Equity Ratio | 334.7% |
How did GHL perform over the long term?
See historical performance and comparisonDividends
4.1%
Current Dividend Yield17%
Payout RatioValuation
Is GHL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GHL?
Other financial metrics that can be useful for relative valuation.
| What is GHL's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$178.94m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.2x |
Price to Earnings Ratio vs Peers
How does GHL's PE Ratio compare to its peers?
| GHL PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.4x | ||
SRL Scully Royalty | 20.9x | n/a | US$122.7m |
OPY Oppenheimer Holdings | 3.4x | n/a | US$434.8m |
SIEB Siebert Financial | 25.5x | n/a | US$46.3m |
COWN Cowen | 3.9x | -4.8% | US$689.9m |
GHL Greenhill | 6.4x | 25.9% | US$178.9m |
Price-To-Earnings vs Peers: GHL is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (13.4x).
Price to Earnings Ratio vs Industry
How does GHL's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: GHL is good value based on its Price-To-Earnings Ratio (6.4x) compared to the US Capital Markets industry average (29.6x)
Price to Earnings Ratio vs Fair Ratio
What is GHL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.4x |
| Fair PE Ratio | 13.6x |
Price-To-Earnings vs Fair Ratio: GHL is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).
Share Price vs Fair Value
What is the Fair Price of GHL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GHL ($9.87) is trading below our estimate of fair value ($13.06)
Significantly Below Fair Value: GHL is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: GHL is good value based on its PEG Ratio (0.2x)
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Future Growth
How is Greenhill forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
25.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GHL's forecast earnings growth (25.9% per year) is above the savings rate (1.9%).
Earnings vs Market: GHL's earnings (25.9% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: GHL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GHL's revenue (5.7% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: GHL's revenue (5.7% 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
Discover growth companies
Past Performance
How has Greenhill performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
22.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GHL has high quality earnings.
Growing Profit Margin: GHL's current net profit margins (10%) are lower than last year (13.7%).
Past Earnings Growth Analysis
Earnings Trend: GHL's earnings have grown significantly by 22.6% 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 (-31.4%) over the past year, making it difficult to compare to the Capital Markets industry average (80.5%).
Return on Equity
High ROE: Whilst GHL's Return on Equity (35.08%) is high, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Greenhill's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GHL's short term assets ($127.7M) exceed its short term liabilities ($63.0M).
Long Term Liabilities: GHL's short term assets ($127.7M) do not cover its long term liabilities ($380.2M).
Debt to Equity History and Analysis
Debt Level: GHL's net debt to equity ratio (239.4%) is considered high.
Reducing Debt: GHL's debt to equity ratio has increased from 32.5% to 334.7% over the past 5 years.
Debt Coverage: GHL's debt is well covered by operating cash flow (41%).
Interest Coverage: Insufficient data to determine if GHL's interest payments on its debt are well covered by EBIT.
Balance Sheet
Discover healthy companies
Dividend
What is Greenhill current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GHL's dividend (4.05%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: GHL's dividend (4.05%) is low compared to the top 25% of dividend payers in the US market (4.23%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (16.7%), GHL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (6.7%), GHL's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Scott Bok (61 yo)
12.17yrs
Tenure
US$4,243,700
Compensation
Mr. Scott Lee Bok, J.D. serves as Chairman of Greenhill & Co., Inc. since 2019 and serves as its Chief Executive Officer since April 2010. He serves as Managing Director at GCP Capital Partners LLC. He ser...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD4.24M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: GHL's management team is seasoned and experienced (6.9 years average tenure).
Board Members
Experienced Board: GHL's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GHL 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 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$178.942m
- Shares outstanding: 18.13m
- Website: https://www.greenhill.com
Number of Employees
Location
- Greenhill & Co., Inc.
- 1271 Avenue of the Americas
- New York
- New York
- 10020
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.