PJT PARTNERS INC - A (PJT)
US69343T1079 - Common Stock
Overall PJT gets a fundamental rating of 6 out of 10. We evaluated PJT against 212 industry peers in the Capital Markets industry. While PJT has a great profitability rating, there are some minor concerns on its financial health. PJT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PJT had positive earnings in the past year.
In the past year PJT had a positive cash flow from operations.
In the past 5 years PJT has always been profitable.
Each year in the past 5 years PJT had a positive operating cash flow.
1.2 Ratios
PJT has a Return On Assets of 5.69%. This is in the better half of the industry: PJT outperforms 66.99% of its industry peers.
PJT has a Return On Equity of 33.40%. This is amongst the best in the industry. PJT outperforms 95.22% of its industry peers.
With an excellent Return On Invested Capital value of 18.94%, PJT belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PJT is significantly above the industry average of 10.84%.
The 3 year average ROIC (24.25%) for PJT is well above the current ROIC(18.94%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.69% | ||
| ROE | 33.4% | ||
| ROIC | 18.94% |
ROA(3y)8.36%
ROA(5y)7.64%
ROE(3y)56.89%
ROE(5y)68.16%
ROIC(3y)24.25%
ROIC(5y)23.69%
1.3 Margins
PJT's Profit Margin of 7.09% is on the low side compared to the rest of the industry. PJT is outperformed by 67.46% of its industry peers.
In the last couple of years the Profit Margin of PJT has grown nicely.
The Operating Margin of PJT (18.07%) is worse than 62.20% of its industry peers.
PJT's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.07% | ||
| PM (TTM) | 7.09% | ||
| GM | N/A |
OM growth 3Y-11.52%
OM growth 5Y11.04%
PM growth 3Y-14.04%
PM growth 5Y8.88%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, PJT has less shares outstanding
Compared to 5 years ago, PJT has more shares outstanding
There is no outstanding debt for PJT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
PJT has an Altman-Z score of 2.68. This is not the best score and indicates that PJT is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of PJT (2.68) is better than 73.68% of its industry peers.
There is no outstanding debt for PJT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 2.68 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PJT has a Current Ratio of 1.16. This is a normal value and indicates that PJT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PJT (1.16) is comparable to the rest of the industry.
PJT has a Quick Ratio of 1.16. This is a normal value and indicates that PJT is financially healthy and should not expect problems in meeting its short term obligations.
PJT's Quick ratio of 1.16 is in line compared to the rest of the industry. PJT outperforms 52.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
The earnings per share for PJT have decreased strongly by -16.58% in the last year.
PJT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.47% yearly.
The Revenue has grown by 12.46% in the past year. This is quite good.
PJT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.73% yearly.
EPS 1Y (TTM)-16.58%
EPS 3Y-12.49%
EPS 5Y11.47%
EPS growth Q2Q-11.11%
Revenue 1Y (TTM)12.46%
Revenue growth 3Y3.1%
Revenue growth 5Y14.73%
Revenue growth Q2Q17.34%
3.2 Future
The Earnings Per Share is expected to grow by 14.50% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.21% on average over the next years. This is quite good.
EPS Next Y18.57%
EPS Next 2Y19.4%
EPS Next 3Y14.5%
EPS Next 5YN/A
Revenue Next Year12.19%
Revenue Next 2Y11.8%
Revenue Next 3Y9.21%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 30.57 indicates a quite expensive valuation of PJT.
76.56% of the companies in the same industry are cheaper than PJT, based on the Price/Earnings ratio.
PJT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.05.
The Price/Forward Earnings ratio is 25.78, which means the current valuation is very expensive for PJT.
PJT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. PJT is more expensive than 71.77% of the companies in the same industry.
PJT's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 20.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.57 | ||
| Fwd PE | 25.78 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PJT indicates a rather cheap valuation: PJT is cheaper than 86.60% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PJT is valued cheaper than 87.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.51 | ||
| EV/EBITDA | 9.17 |
4.3 Compensation for Growth
PJT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PJT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PJT's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)1.65
PEG (5Y)2.67
EPS Next 2Y19.4%
EPS Next 3Y14.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.01%, PJT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.27, PJT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.40, PJT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
5.2 History
The dividend of PJT is nicely growing with an annual growth rate of 36.84%!
PJT has been paying a dividend for over 5 years, so it has already some track record.
PJT has decreased its dividend recently.
Dividend Growth(5Y)36.84%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
PJT pays out 29.91% of its income as dividend. This is a sustainable payout ratio.
PJT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.91%
EPS Next 2Y19.4%
EPS Next 3Y14.5%
PJT PARTNERS INC - A
NYSE:PJT (5/9/2024, 12:39:13 PM)
99.96
+0.62 (+0.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.41B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.57 | ||
| Fwd PE | 25.78 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.65
PEG (5Y)2.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.69% | ||
| ROE | 33.4% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.07% | ||
| PM (TTM) | 7.09% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-16.58%
EPS 3Y-12.49%
EPS 5Y
EPS growth Q2Q
EPS Next Y18.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.46%
Revenue growth 3Y3.1%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y