Market Cap
US$2.6b
Last Updated
2020/11/29 00:24 UTC
Data Sources
Company Financials +
Executive Summary
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. More Details
Rewards
Risk Analysis
Dividend of 5.74% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Excellent balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Moelis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MC is less volatile than 75% 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.
Market Performance
7 Day Return
3.9%
MC
4.3%
US Capital Markets
2.8%
US Market
1 Year Return
20.4%
MC
12.1%
US Capital Markets
20.9%
US Market
Return vs Industry: MC exceeded the US Capital Markets industry which returned 12% over the past year.
Return vs Market: MC matched the US Market which returned 20.7% over the past year.
Shareholder returns
| MC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 4.3% | 2.8% |
| 30 Day | 5.9% | 15.9% | 11.1% |
| 90 Day | 23.6% | 9.9% | 6.5% |
| 1 Year | 28.0%20.4% | 14.9%12.1% | 23.6%20.9% |
| 3 Year | 4.5%-17.1% | 30.1%20.2% | 47.3%37.6% |
| 5 Year | 102.2%34.0% | 83.0%60.4% | 94.3%72.9% |
Long-Term Price Volatility Vs. Market
How volatile is Moelis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Joseph Simon Is The MD & CFO of Moelis & Company (NYSE:MC) And They Just Sold 83% Of Their Shares3 weeks ago | Simply Wall St
Don't Buy Moelis & Company (NYSE:MC) For Its Next Dividend Without Doing These Checks1 month ago | Simply Wall St
Should Moelis & Company (NYSE:MC) Be Part Of Your Income Portfolio?Valuation
Is Moelis undervalued compared to its fair value and its price relative to the market?
4.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MC ($39.69) is trading below our estimate of fair value ($41.65)
Significantly Below Fair Value: MC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MC is poor value based on its PE Ratio (29.8x) compared to the US Capital Markets industry average (22.9x).
PE vs Market: MC is poor value based on its PE Ratio (29.8x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MC's PB Ratio (4.7x) is in line with the US Capital Markets industry average.
Next Steps
Future Growth
How is Moelis forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
11.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MC's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if MC'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: MC's revenue (11.9% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: MC's revenue (11.9% 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 high in 3 years time (37.4%)
Next Steps
Past Performance
How has Moelis performed over the past 5 years?
25.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MC has high quality earnings.
Growing Profit Margin: MC's current net profit margins (9.9%) are lower than last year (16.1%).
Past Earnings Growth Analysis
Earnings Trend: MC's earnings have grown significantly by 25.9% per year over the past 5 years.
Accelerating Growth: MC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MC had negative earnings growth (-39.8%) over the past year, making it difficult to compare to the Capital Markets industry average (3%).
Return on Equity
High ROE: MC's Return on Equity (21.7%) is considered high.
Next Steps
Financial Health
How is Moelis's financial position?
Financial Position Analysis
Short Term Liabilities: MC's short term assets ($160.1M) exceed its short term liabilities ($152.0M).
Long Term Liabilities: MC's short term assets ($160.1M) do not cover its long term liabilities ($499.3M).
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
Next Steps
Dividend
What is Moelis's current dividend yield, its reliability and sustainability?
5.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MC's dividend (5.74%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: MC's dividend (5.74%) is in the top 25% of dividend payers in the US market (4.08%)
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (105.4%), MC's dividend payments are not 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 (98.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Ken Moelis (61 yo)
13.83yrs
Tenure
US$5,116,727
Compensation
Mr. Kenneth David Moelis, also known as Ken, has been Chairman of Atlas Crest Investment Corp. since August 26, 2020. Mr. Moelis is Founder, Chairman and Chief Executive Officer of Moelis & Company, a glob...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD5.12M) is about average for companies of similar size in the US market ($USD5.14M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13.83yrs | US$5.12m | 1.51% $ 39.9m | |
| Co-Founder | 6.58yrs | US$9.70m | no data | |
| Co-Founder | 6.58yrs | US$3.13m | no data | |
| MD & CFO | 10.83yrs | US$1.80m | 0% $ 0 | |
| Founding Partner | 2.33yrs | US$1.74m | 0.012% $ 312.1k | |
| Vice Chairman & MD | 6.17yrs | no data | 0.15% $ 4.0m | |
| Founding Partner & MD of Los Angeles | no data | no data | no data | |
| Principal Accounting Officer | 4.25yrs | no data | no data | |
| MD & COO of Investment Banking | 1.83yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer | 9.83yrs | no data | 0.00024% $ 6.3k | |
| Head of Human Resources & MD of New York | no data | no data | no data |
6.2yrs
Average Tenure
56yo
Average Age
Experienced Management: MC's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13.83yrs | US$5.12m | 1.51% $ 39.9m | |
| Co-Founder | 6.58yrs | US$9.70m | no data | |
| Co-Founder | 6.58yrs | US$3.13m | no data | |
| Founding Partner | 2.33yrs | US$1.74m | 0.012% $ 312.1k | |
| Vice Chairman & MD | 6.17yrs | no data | 0.15% $ 4.0m | |
| Independent Director | 5.08yrs | US$124.18k | 0.017% $ 455.4k | |
| Group Vice Chairman - Moelis Australia | 0.83yr | no data | no data | |
| Independent Director | 6.33yrs | US$135.31k | 0.011% $ 290.4k | |
| Advisory Chairman | no data | no data | no data | |
| Independent Director | 1.83yrs | US$143.01k | no data |
6.2yrs
Average Tenure
57yo
Average Age
Experienced Board: MC's board of directors are considered experienced (6.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MC insiders have only sold shares 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 6.7%.
Top Shareholders
Company Information
Moelis & Company's company bio, 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$2.640b
- Market Cap: US$2.201b
- Shares outstanding: 66.52m
- Website: https://www.moelis.com
Number of Employees
Location
- Moelis & Company
- 399 Park Avenue
- 5th Floor
- New York
- New York
- 10022
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MC | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Apr 2014 |
| 17M | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Apr 2014 |
Biography
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizat...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/29 00:24 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| 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.