NYSE:MC

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Executive Summary

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. More Details


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

MCIndustryMarket
7 Day3.9%4.3%2.8%
30 Day5.9%15.9%11.1%
90 Day23.6%9.9%6.5%
1 Year28.0%20.4%14.9%12.1%23.6%20.9%
3 Year4.5%-17.1%30.1%20.2%47.3%37.6%
5 Year102.2%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

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

NamePositionTenureCompensationOwnership
Kenneth Moelis
Chairman & CEO13.83yrsUS$5.12m1.51%
$ 39.9m
Navid Mahmoodzadegan
Co-Founder6.58yrsUS$9.70mno data
Jeffrey Raich
Co-Founder6.58yrsUS$3.13mno data
Joseph Simon
MD & CFO10.83yrsUS$1.80m0%
$ 0
Elizabeth Crain
Founding Partner2.33yrsUS$1.74m0.012%
$ 312.1k
Eric Cantor
Vice Chairman & MD6.17yrsno data0.15%
$ 4.0m
John Momtazee
Founding Partner & MD of Los Angelesno datano datano data
Christopher Callesano
Principal Accounting Officer4.25yrsno datano data
Kate Ciafone
MD & COO of Investment Banking1.83yrsno datano data
Chett Mandel
Head of Investor Relationsno datano datano data
Osamu Watanabe
Chief Compliance Officer9.83yrsno data0.00024%
$ 6.3k
Liz Eberhart
Head of Human Resources & MD of New Yorkno datano datano 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

NamePositionTenureCompensationOwnership
Kenneth Moelis
Chairman & CEO13.83yrsUS$5.12m1.51%
$ 39.9m
Navid Mahmoodzadegan
Co-Founder6.58yrsUS$9.70mno data
Jeffrey Raich
Co-Founder6.58yrsUS$3.13mno data
Elizabeth Crain
Founding Partner2.33yrsUS$1.74m0.012%
$ 312.1k
Eric Cantor
Vice Chairman & MD6.17yrsno data0.15%
$ 4.0m
John Allison
Independent Director5.08yrsUS$124.18k0.017%
$ 455.4k
Andrew Pridham
Group Vice Chairman - Moelis Australia0.83yrno datano data
Kenneth Shropshire
Independent Director6.33yrsUS$135.31k0.011%
$ 290.4k
Charles Allen
Advisory Chairmanno datano datano data
Yolonda Richardson
Independent Director1.83yrsUS$143.01kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCNYSE (New York Stock Exchange)YesClass A Common StockUSUSDApr 2014
17MDB (Deutsche Boerse AG)YesClass A Common StockDEEURApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 00:24
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.