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GHL

Greenhill NYSE:GHL Stock Report

Last Price

US$9.87

Market Cap

US$178.9m

7D

5.0%

1Y

-33.5%

Updated

27 Jun, 2022

Data

Company Financials +
GHL fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health2/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Greenhill
Historical stock prices
Current Share PriceUS$9.87
52 Week HighUS$20.32
52 Week LowUS$9.00
Beta0.92
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

GHLUS Capital MarketsUS Market
7D5.0%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

Is GHL's price volatile compared to industry and market?
GHL volatility
GHL Average Weekly Movement7.2%
Capital Markets Industry Average Movement0.5%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
1996364Scott Bokhttps://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

How do Greenhill's earnings and revenue compare to its market cap?
GHL fundamental statistics
Market CapUS$178.94m
Earnings (TTM)US$28.12m
Revenue (TTM)US$282.36m

6.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GHL income statement (TTM)
RevenueUS$282.36m
Cost of RevenueUS$13.01m
Gross ProfitUS$269.36m
Other ExpensesUS$241.23m
EarningsUS$28.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.55
Gross Margin95.39%
Net Profit Margin9.96%
Debt/Equity Ratio334.7%

How did GHL perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GHL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation 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.

GHL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does GHL's PE Ratio compare to its peers?

GHL PE Ratio vs Peers
The above table shows the PE ratio for GHL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
SRL Scully Royalty
20.9xn/aUS$122.7m
OPY Oppenheimer Holdings
3.4xn/aUS$434.8m
SIEB Siebert Financial
25.5xn/aUS$46.3m
COWN Cowen
3.9x-4.8%US$689.9m
GHL Greenhill
6.4x25.9%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.

GHL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ratio13.6x

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

3/6

Future 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

2/6

Past 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.


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Financial Health

How is Greenhill's financial position?

Financial Health Score

2/6

Financial 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


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Dividend

What is Greenhill current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend 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.


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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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.