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MC

MoelisNYSE:MC Stock Report

Market Cap

US$4.2b

7D

-0.8%

1Y

90.5%

Updated

23 Sep, 2021

Data

Company Financials +
MC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends3/6

MC Overview

Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally.

Moelis Competitors

Morgan Stanley

NYSE:MS

US$183.9b

Goldman Sachs Group

NYSE:GS

US$124.1b

Raymond James Financial

NYSE:RJF

US$17.9b

Stifel Financial

NYSE:SF

US$6.9b

Price History & Performance

Summary of all time highs, changes and price drops for Moelis
Historical stock prices
Current Share PriceUS$62.36
52 Week HighUS$32.42
52 Week LowUS$63.92
Beta1.24
1 Month Change0.84%
3 Month Change11.02%
1 Year Change90.47%
3 Year Change12.67%
5 Year Change138.20%
Change since IPO138.47%

Recent News & Updates

Shareholder Returns

MCUS Capital MarketsUS Market
7D-0.8%-0.6%-0.5%
1Y90.5%68.1%37.5%

Return vs Industry: MC exceeded the US Capital Markets industry which returned 65.2% over the past year.

Return vs Market: MC exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is MC's price volatile compared to industry and market?
MC volatility
MC Beta1.24
Industry Beta1.19
Market Beta1

Stable Share Price: MC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007897Ken Moelishttps://www.moelis.com

Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, and governments.

Moelis Fundamentals Summary

How do Moelis's earnings and revenue compare to its market cap?
MC fundamental statistics
Market CapUS$4.17b
Earnings (TTM)US$305.30m
Revenue (TTM)US$1.25b

14.1x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MC income statement (TTM)
RevenueUS$1.25b
Cost of RevenueUS$40.93m
Gross ProfitUS$1.21b
ExpensesUS$908.17m
EarningsUS$305.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.00
Gross Margin96.74%
Net Profit Margin24.34%
Debt/Equity Ratio0%

How did MC perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

32.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MC ($62.36) is trading below our estimate of fair value ($92.88)

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


Price To Earnings Ratio

PE vs Industry: MC is good value based on its PE Ratio (14.1x) compared to the US Capital Markets industry average (14.8x).

PE vs Market: MC is good value based on its PE Ratio (14.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: MC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MC is good value based on its PB Ratio (10.4x) compared to the US Capital Markets industry average (61.3x).


Future Growth

How is Moelis forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-0.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MC's earnings are forecast to decline over the next 3 years (-0.7% per year).

Earnings vs Market: MC's earnings are forecast to decline over the next 3 years (-0.7% per year).

High Growth Earnings: MC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MC's revenue (1% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: MC's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MC's Return on Equity is forecast to be very high in 3 years time (69.1%).


Past Performance

How has Moelis performed over the past 5 years?

35.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MC has high quality earnings.

Growing Profit Margin: MC's current net profit margins (24.3%) are higher than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: MC's earnings have grown significantly by 35.4% per year over the past 5 years.

Accelerating Growth: MC's earnings growth over the past year (274.8%) exceeds its 5-year average (35.4% per year).

Earnings vs Industry: MC earnings growth over the past year (274.8%) exceeded the Capital Markets industry 77.4%.


Return on Equity

High ROE: MC's Return on Equity (95.2%) is considered outstanding.


Financial Health

How is Moelis's financial position?


Financial Position Analysis

Short Term Liabilities: MC's short term assets ($282.7M) exceed its short term liabilities ($205.9M).

Long Term Liabilities: MC's short term assets ($282.7M) do not cover its long term liabilities ($517.3M).


Debt to Equity History and Analysis

Debt Level: MC is debt free.

Reducing Debt: MC has not had any debt for past 5 years.

Debt Coverage: MC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

7.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MC's dividend (7.06%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: MC's dividend (7.06%) is in the top 25% of dividend payers in the US market (3.63%)


Stability and Growth of Payments

Stable Dividend: MC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MC's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.6%), MC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MC's dividends in 3 years are not forecast to be well covered by earnings (123.7% payout ratio).


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Ken Moelis (62 yo)

14.67yrs

Tenure

US$9,874,166

Compensation

Mr. Kenneth David Moelis, also known as Ken, serves as Chairman of Atlas Crest Investment Corp. III. Mr. Moelis is Founder, Chairman and Chief Executive Officer of Moelis & Company since 2007. Mr. Moelis h...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD9.87M) is above average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MC's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: MC's board of directors are considered experienced (7.1 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 been diluted in the past year, with total shares outstanding growing by 3.5%.


Top Shareholders

Company Information

Moelis & Company's employee growth, exchange listings and data sources


Key Information

  • Name: Moelis & Company
  • Ticker: MC
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: US$4.171b
  • Market Cap: US$3.698b
  • Shares outstanding: 68.82m
  • Website: https://www.moelis.com

Number of Employees


Location

  • Moelis & Company
  • 399 Park Avenue
  • 5th Floor
  • New York
  • New York
  • 10022
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:07
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.