PJT PARTNERS INC - A (PJT) Stock Fundamental Analysis
NYSE:PJT - US69343T1079 - Common Stock
178.01 USD
-2.72 (-1.51%)
178.01 USD
0 (0%)
PJT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. PJT scores excellent on profitability, but there are some minor concerns on its financial health. PJT is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, PJT could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
In the past year PJT was profitable.
In the past year PJT had a positive cash flow from operations.
PJT had positive earnings in each of the past 5 years.
Each year in the past 5 years PJT had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 10.61%, PJT belongs to the best of the industry, outperforming 89.08% of the companies in the same industry.
Looking at the Return On Equity, with a value of 95.78%, PJT belongs to the top of the industry, outperforming 99.16% of the companies in the same industry.
The Return On Invested Capital of PJT (29.44%) is better than 99.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PJT is significantly above the industry average of 7.60%.
The 3 year average ROIC (24.04%) for PJT is below the current ROIC(29.44%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.61% | ||
| ROE | 95.78% | ||
| ROIC | 29.44% |
ROA(3y)7.51%
ROA(5y)8.66%
ROE(3y)51.4%
ROE(5y)63.74%
ROIC(3y)24.04%
ROIC(5y)27.1%
1.3 Margins
With a Profit Margin value of 10.45%, PJT perfoms like the industry average, outperforming 41.60% of the companies in the same industry.
In the last couple of years the Profit Margin of PJT has grown nicely.
Looking at the Operating Margin, with a value of 20.14%, PJT is in line with its industry, outperforming 42.86% of the companies in the same industry.
PJT's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.14% | ||
| PM (TTM) | 10.45% | ||
| GM | N/A |
OM growth 3Y-6.61%
OM growth 5Y6.04%
PM growth 3Y-5.62%
PM growth 5Y16.97%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PJT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PJT has more shares outstanding
PJT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 3.90 indicates that PJT is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.90, PJT belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
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 | 3.9 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PJT has a Current Ratio of 0.93. This is a bad value and indicates that PJT is not financially healthy enough and could expect problems in meeting its short term obligations.
PJT's Current ratio of 0.93 is on the low side compared to the rest of the industry. PJT is outperformed by 60.50% of its industry peers.
PJT has a Quick Ratio of 0.93. This is a bad value and indicates that PJT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.93, PJT is in line with its industry, outperforming 43.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
PJT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.62%, which is quite impressive.
The Earnings Per Share has been growing by 15.72% on average over the past years. This is quite good.
The Revenue has grown by 18.39% in the past year. This is quite good.
The Revenue has been growing by 15.78% on average over the past years. This is quite good.
EPS 1Y (TTM)38.62%
EPS 3Y3.96%
EPS 5Y15.72%
EPS Q2Q%29.41%
Revenue 1Y (TTM)18.39%
Revenue growth 3Y14.61%
Revenue growth 5Y15.78%
Sales Q2Q%12.97%
3.2 Future
PJT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.69% yearly.
The Revenue is expected to grow by 12.93% on average over the next years. This is quite good.
EPS Next Y28.19%
EPS Next 2Y21.96%
EPS Next 3Y17.69%
EPS Next 5YN/A
Revenue Next Year18.85%
Revenue Next 2Y15.64%
Revenue Next 3Y12.93%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 32.84, which means the current valuation is very expensive for PJT.
72.27% of the companies in the same industry are cheaper than PJT, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.03, PJT is valued a bit more expensive.
With a Price/Forward Earnings ratio of 23.93, PJT is valued on the expensive side.
Based on the Price/Forward Earnings ratio, PJT is valued a bit more expensive than 64.29% of the companies in the same industry.
PJT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.84 | ||
| Fwd PE | 23.93 |
4.2 Price Multiples
PJT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PJT is cheaper than 85.71% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PJT is valued a bit cheaper than the industry average as 74.79% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.11 | ||
| EV/EBITDA | 12.34 |
4.3 Compensation for Growth
PJT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of PJT may justify a higher PE ratio.
A more expensive valuation may be justified as PJT's earnings are expected to grow with 17.69% in the coming years.
PEG (NY)1.17
PEG (5Y)2.09
EPS Next 2Y21.96%
EPS Next 3Y17.69%
5. Dividend
5.1 Amount
PJT has a yearly dividend return of 0.57%, which is pretty low.
PJT's Dividend Yield is slightly below the industry average, which is at 8.00.
With a Dividend Yield of 0.57, PJT pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
On average, the dividend of PJT grows each year by 38.02%, which is quite nice.
PJT has paid a dividend for at least 10 years, which is a reliable track record.
PJT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)38.02%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
15.13% of the earnings are spent on dividend by PJT. This is a low number and sustainable payout ratio.
The dividend of PJT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP15.13%
EPS Next 2Y21.96%
EPS Next 3Y17.69%
178.01
-2.72 (-1.51%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners87.48%
Inst Owner ChangeN/A
Ins Owners7.38%
Ins Owner Change5.25%
Market Cap4.33B
Analysts47.69
Price Target171.87 (-3.45%)
Short Float %8.97%
Short Ratio8.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend1.01
Dividend Growth(5Y)38.02%
DP15.13%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.13%
Min EPS beat(2)5.67%
Max EPS beat(2)6.58%
EPS beat(4)4
Avg EPS beat(4)18.74%
Min EPS beat(4)1.19%
Max EPS beat(4)61.52%
EPS beat(8)8
Avg EPS beat(8)42.38%
EPS beat(12)9
Avg EPS beat(12)30.75%
EPS beat(16)11
Avg EPS beat(16)23.12%
Revenue beat(2)1
Avg Revenue beat(2)3.84%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)8.25%
Revenue beat(4)3
Avg Revenue beat(4)8.74%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)23.94%
Revenue beat(8)7
Avg Revenue beat(8)16.5%
Revenue beat(12)9
Avg Revenue beat(12)13.87%
Revenue beat(16)11
Avg Revenue beat(16)10.26%
PT rev (1m)1.05%
PT rev (3m)18.04%
EPS NQ rev (1m)2.44%
EPS NQ rev (3m)9.31%
EPS NY rev (1m)4.34%
EPS NY rev (3m)7.12%
Revenue NQ rev (1m)1.8%
Revenue NQ rev (3m)2.65%
Revenue NY rev (1m)2.38%
Revenue NY rev (3m)3.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.84 | ||
| Fwd PE | 23.93 | ||
| P/S | 2.82 | ||
| P/FCF | 9.11 | ||
| P/OCF | 8.82 | ||
| P/B | 25.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.34 |
EPS(TTM)5.42
EY3.04%
EPS(NY)7.44
Fwd EY4.18%
FCF(TTM)19.53
FCFY10.97%
OCF(TTM)20.18
OCFY11.34%
SpS63.14
BVpS6.89
TBVpS-1.41
PEG (NY)1.17
PEG (5Y)2.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.61% | ||
| ROE | 95.78% | ||
| ROCE | 34.6% | ||
| ROIC | 29.44% | ||
| ROICexc | 38.74% | ||
| ROICexgc | 84.05% | ||
| OM | 20.14% | ||
| PM (TTM) | 10.45% | ||
| GM | N/A | ||
| FCFM | 30.93% |
ROA(3y)7.51%
ROA(5y)8.66%
ROE(3y)51.4%
ROE(5y)63.74%
ROIC(3y)24.04%
ROIC(5y)27.1%
ROICexc(3y)40.29%
ROICexc(5y)44.09%
ROICexgc(3y)126.79%
ROICexgc(5y)124.22%
ROCE(3y)28.26%
ROCE(5y)31.86%
ROICexcg growth 3Y35.62%
ROICexcg growth 5Y30.43%
ROICexc growth 3Y8.9%
ROICexc growth 5Y19.78%
OM growth 3Y-6.61%
OM growth 5Y6.04%
PM growth 3Y-5.62%
PM growth 5Y16.97%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 53.68% | ||
| Cap/Sales | 1.03% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 144.9% | ||
| Profit Quality | 296.08% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 3.9 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)14.72%
Cap/Depr(5y)28.85%
Cap/Sales(3y)0.3%
Cap/Sales(5y)0.48%
Profit Quality(3y)397.34%
Profit Quality(5y)338.95%
High Growth Momentum
Growth
EPS 1Y (TTM)38.62%
EPS 3Y3.96%
EPS 5Y15.72%
EPS Q2Q%29.41%
EPS Next Y28.19%
EPS Next 2Y21.96%
EPS Next 3Y17.69%
EPS Next 5YN/A
Revenue 1Y (TTM)18.39%
Revenue growth 3Y14.61%
Revenue growth 5Y15.78%
Sales Q2Q%12.97%
Revenue Next Year18.85%
Revenue Next 2Y15.64%
Revenue Next 3Y12.93%
Revenue Next 5YN/A
EBIT growth 1Y26.5%
EBIT growth 3Y7.03%
EBIT growth 5Y22.77%
EBIT Next Year50.78%
EBIT Next 3Y29.82%
EBIT Next 5YN/A
FCF growth 1Y64.7%
FCF growth 3Y64.89%
FCF growth 5Y21.11%
OCF growth 1Y67.58%
OCF growth 3Y62.3%
OCF growth 5Y20.24%