PJT PARTNERS INC - A (PJT) Stock Fundamental Analysis
NYSE:PJT - New York Stock Exchange, Inc. - US69343T1079 - Common Stock - Currency: USD
Taking everything into account, PJT scores 6 out of 10 in our fundamental rating. PJT was compared to 230 industry peers in the Capital Markets industry. Both the health and profitability get an excellent rating, making PJT a very profitable company, without any liquidiy or solvency issues. 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 and quality 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.
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 8.22%. This is amongst the best in the industry. PJT outperforms 86.52% of its industry peers.
PJT's Return On Equity of 71.86% is amongst the best of the industry. PJT outperforms 99.13% of its industry peers.
PJT has a better Return On Invested Capital (27.40%) than 99.13% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PJT is significantly above the industry average of 7.27%.
The 3 year average ROIC (24.04%) for PJT is below the current ROIC(27.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.22% | ||
| ROE | 71.86% | ||
| ROIC | 27.4% |
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
PJT's Profit Margin of 9.00% is on the low side compared to the rest of the industry. PJT is outperformed by 64.78% of its industry peers.
In the last couple of years the Profit Margin of PJT has grown nicely.
PJT has a Operating Margin (20.29%) which is in line with its industry peers.
PJT's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.29% | ||
| PM (TTM) | 9% | ||
| 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
The number of shares outstanding for PJT has been reduced compared to 1 year ago.
The number of shares outstanding for PJT has been increased compared to 5 years ago.
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 3.22. This indicates that PJT is financially healthy and has little risk of bankruptcy at the moment.
PJT has a Altman-Z score of 3.22. This is in the better half of the industry: PJT outperforms 78.26% of its industry peers.
PJT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.22 |
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 has a Quick ratio of 1.16. This is comparable to the rest of the industry: PJT outperforms 53.04% 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 has grown by an impressive 36.66% over the past year.
Measured over the past years, PJT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.72% on average per year.
The Revenue has grown by 29.48% in the past year. This is a very strong growth!
PJT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.78% yearly.
EPS 1Y (TTM)36.66%
EPS 3Y3.96%
EPS 5Y15.72%
EPS Q2Q%7.14%
Revenue 1Y (TTM)29.48%
Revenue growth 3Y14.61%
Revenue growth 5Y15.78%
Sales Q2Q%-1.48%
3.2 Future
Based on estimates for the next years, PJT will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.00% on average per year.
PJT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.87% yearly.
EPS Next Y19.66%
EPS Next 2Y17.96%
EPS Next 3Y15%
EPS Next 5YN/A
Revenue Next Year14.95%
Revenue Next 2Y13.54%
Revenue Next 3Y10.87%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 29.16, PJT can be considered very expensive at the moment.
Based on the Price/Earnings ratio, PJT is valued a bit more expensive than the industry average as 69.57% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 25.91. PJT is around the same levels.
A Price/Forward Earnings ratio of 21.25 indicates a rather expensive valuation of PJT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PJT is on the same level as its industry peers.
PJT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.16 | ||
| Fwd PE | 21.25 |
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 88.70% of the companies listed in the same industry.
PJT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PJT is cheaper than 80.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.53 | ||
| EV/EBITDA | 8.9 |
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 15.00% in the coming years.
PEG (NY)1.48
PEG (5Y)1.86
EPS Next 2Y17.96%
EPS Next 3Y15%
5. Dividend
5.1 Amount
PJT has a yearly dividend return of 0.68%, which is pretty low.
PJT's Dividend Yield is slightly below the industry average, which is at 8.11.
With a Dividend Yield of 0.68, PJT pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
5.2 History
On average, the dividend of PJT grows each year by 38.02%, which is quite nice.
PJT has been paying a dividend for at least 10 years, so it has 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
PJT pays out 17.96% of its income as dividend. This is a sustainable payout ratio.
The dividend of PJT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP17.96%
EPS Next 2Y17.96%
EPS Next 3Y15%
147.83
+0.33 (+0.22%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners88.34%
Inst Owner ChangeN/A
Ins Owners7.46%
Ins Owner Change7.19%
Market Cap3.44B
Analysts47.69
Price Target145.6 (-1.51%)
Short Float %10.62%
Short Ratio6.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
Yearly Dividend1.01
Dividend Growth(5Y)38.02%
DP17.96%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.35%
Min EPS beat(2)1.19%
Max EPS beat(2)61.52%
EPS beat(4)4
Avg EPS beat(4)62.48%
Min EPS beat(4)1.19%
Max EPS beat(4)117.56%
EPS beat(8)7
Avg EPS beat(8)46.3%
EPS beat(12)9
Avg EPS beat(12)32.82%
EPS beat(16)11
Avg EPS beat(16)24.18%
Revenue beat(2)2
Avg Revenue beat(2)13.64%
Min Revenue beat(2)3.34%
Max Revenue beat(2)23.94%
Revenue beat(4)4
Avg Revenue beat(4)23.99%
Min Revenue beat(4)3.34%
Max Revenue beat(4)42.22%
Revenue beat(8)7
Avg Revenue beat(8)19.93%
Revenue beat(12)10
Avg Revenue beat(12)15.09%
Revenue beat(16)12
Avg Revenue beat(16)10.24%
PT rev (1m)-15.41%
PT rev (3m)-7.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15.49%
EPS NY rev (1m)8.87%
EPS NY rev (3m)0.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.45%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.16 | ||
| Fwd PE | 21.25 | ||
| P/S | 2.31 | ||
| P/FCF | 6.53 | ||
| P/OCF | 6.49 | ||
| P/B | 18.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.9 |
EPS(TTM)5.07
EY3.43%
EPS(NY)6.96
Fwd EY4.71%
FCF(TTM)22.65
FCFY15.32%
OCF(TTM)22.79
OCFY15.41%
SpS64.08
BVpS8.03
TBVpS-0.76
PEG (NY)1.48
PEG (5Y)1.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.22% | ||
| ROE | 71.86% | ||
| ROCE | 32.21% | ||
| ROIC | 27.4% | ||
| ROICexc | 56.44% | ||
| ROICexgc | 236.1% | ||
| OM | 20.29% | ||
| PM (TTM) | 9% | ||
| GM | N/A | ||
| FCFM | 35.34% |
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 Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 11.5% | ||
| Cap/Sales | 0.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 160.11% | ||
| Profit Quality | 392.62% | ||
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z | 3.22 |
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)36.66%
EPS 3Y3.96%
EPS 5Y15.72%
EPS Q2Q%7.14%
EPS Next Y19.66%
EPS Next 2Y17.96%
EPS Next 3Y15%
EPS Next 5YN/A
Revenue 1Y (TTM)29.48%
Revenue growth 3Y14.61%
Revenue growth 5Y15.78%
Sales Q2Q%-1.48%
Revenue Next Year14.95%
Revenue Next 2Y13.54%
Revenue Next 3Y10.87%
Revenue Next 5YN/A
EBIT growth 1Y45.38%
EBIT growth 3Y7.03%
EBIT growth 5Y22.77%
EBIT Next Year52.41%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y20.58%
FCF growth 3Y64.89%
FCF growth 5Y21.11%
OCF growth 1Y20.25%
OCF growth 3Y62.3%
OCF growth 5Y20.24%