PERELLA WEINBERG PARTNERS (PWP) Stock Fundamental Analysis
NASDAQ:PWP - Nasdaq - US71367G1022 - Common Stock - Currency: USD
PWP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 232 industry peers in the Capital Markets industry. The financial health of PWP is average, but there are quite some concerns on its profitability. PWP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year PWP was profitable.
PWP had a positive operating cash flow in the past year.
In the past 5 years PWP reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: PWP reported negative operating cash flow in multiple years.
1.2 Ratios
PWP has a Return On Assets of -2.02%. This is in the lower half of the industry: PWP underperforms 78.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.02% | ||
| ROE | N/A | ||
| ROIC | N/A |
ROA(3y)-2.38%
ROA(5y)-2.13%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Gross Margin, with a value of 75.93%, PWP belongs to the top of the industry, outperforming 81.03% of the companies in the same industry.
PWP's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for PWP so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 75.93% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.08%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The number of shares outstanding for PWP has been increased compared to 1 year ago.
Compared to 5 years ago, PWP has more shares outstanding
There is no outstanding debt for PWP. 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
An Altman-Z score of 2.37 indicates that PWP is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.37, PWP is in the better half of the industry, outperforming 72.41% of the companies in the same industry.
There is no outstanding debt for PWP. 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 | N/A | ||
| Debt/FCF | 0 | ||
| Altman-Z | 2.37 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PWP has a Current Ratio of 1.28. This is a normal value and indicates that PWP is financially healthy and should not expect problems in meeting its short term obligations.
PWP has a Current ratio (1.28) which is comparable to the rest of the industry.
A Quick Ratio of 1.28 indicates that PWP should not have too much problems paying its short term obligations.
The Quick ratio of PWP (1.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
PWP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 403.85%, which is quite impressive.
The earnings per share for PWP have been decreasing by -16.37% on average. This is quite bad
PWP shows a strong growth in Revenue. In the last year, the Revenue has grown by 59.49%.
Measured over the past years, PWP shows a small growth in Revenue. The Revenue has been growing by 3.08% on average per year.
EPS 1Y (TTM)403.85%
EPS 3Y-16.37%
EPS 5YN/A
EPS Q2Q%380%
Revenue 1Y (TTM)59.49%
Revenue growth 3Y3.08%
Revenue growth 5YN/A
Sales Q2Q%107.42%
3.2 Future
Based on estimates for the next years, PWP will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.18% on average per year.
Based on estimates for the next years, PWP will show a quite strong growth in Revenue. The Revenue will grow by 9.57% on average per year.
EPS Next Y19.19%
EPS Next 2Y30.37%
EPS Next 3Y18.18%
EPS Next 5YN/A
Revenue Next Year5.33%
Revenue Next 2Y11.63%
Revenue Next 3Y9.57%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.24 indicates a correct valuation of PWP.
The rest of the industry has a similar Price/Earnings ratio as PWP.
When comparing the Price/Earnings ratio of PWP to the average of the S&P500 Index (26.52), we can say PWP is valued slightly cheaper.
PWP is valuated reasonably with a Price/Forward Earnings ratio of 11.80.
PWP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PWP is cheaper than 62.93% of the companies in the same industry.
PWP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.25, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.24 | ||
| Fwd PE | 11.8 |
4.2 Price Multiples
PWP's Enterprise Value to EBITDA ratio is in line with the industry average.
PWP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PWP is cheaper than 80.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.75 | ||
| EV/EBITDA | 219.61 |
4.3 Compensation for Growth
PWP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PWP's earnings are expected to grow with 18.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y30.37%
EPS Next 3Y18.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.58%, PWP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 8.18, PWP is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.39, PWP is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
5.2 History
PWP has been paying a dividend for over 5 years, so it has already some track record.
PWP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
PWP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-340.2%
EPS Next 2Y30.37%
EPS Next 3Y18.18%
18.65
+0.9 (+5.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners90.2%
Inst Owner Change6.83%
Ins Owners2.72%
Ins Owner Change3.65%
Market Cap1.65B
Analysts77.5
Price Target23.21 (24.45%)
Short Float %5.36%
Short Ratio3.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
Yearly Dividend0.45
Dividend Growth(5Y)N/A
DP-340.2%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.59%
Min EPS beat(2)23.17%
Max EPS beat(2)30%
EPS beat(4)4
Avg EPS beat(4)74.33%
Min EPS beat(4)23.17%
Max EPS beat(4)156.09%
EPS beat(8)7
Avg EPS beat(8)44.15%
EPS beat(12)11
Avg EPS beat(12)120.09%
EPS beat(16)13
Avg EPS beat(16)102.74%
Revenue beat(2)2
Avg Revenue beat(2)1.35%
Min Revenue beat(2)1.2%
Max Revenue beat(2)1.5%
Revenue beat(4)4
Avg Revenue beat(4)22.73%
Min Revenue beat(4)1.2%
Max Revenue beat(4)50.71%
Revenue beat(8)7
Avg Revenue beat(8)13.36%
Revenue beat(12)11
Avg Revenue beat(12)14.94%
Revenue beat(16)13
Avg Revenue beat(16)14.65%
PT rev (1m)0%
PT rev (3m)-20.87%
EPS NQ rev (1m)-7.42%
EPS NQ rev (3m)-46.21%
EPS NY rev (1m)-5.24%
EPS NY rev (3m)-17.62%
Revenue NQ rev (1m)-1.31%
Revenue NQ rev (3m)-20.63%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-10.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.24 | ||
| Fwd PE | 11.8 | ||
| P/S | 1.67 | ||
| P/FCF | 6.75 | ||
| P/OCF | 6.51 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 219.61 |
EPS(TTM)1.31
EY7.02%
EPS(NY)1.58
Fwd EY8.48%
FCF(TTM)2.76
FCFY14.82%
OCF(TTM)2.86
OCFY15.36%
SpS11.18
BVpS-3.66
TBVpS-4.17
PEG (NY)0.74
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.02% | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 75.93% | ||
| FCFM | 24.73% |
ROA(3y)-2.38%
ROA(5y)-2.13%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.08%
GM growth 5YN/A
F-Score7
Asset Turnover1.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 44.13% | ||
| Cap/Sales | 0.91% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 3617.42% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z | 2.37 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)240.45%
Cap/Depr(5y)N/A
Cap/Sales(3y)4.99%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)403.85%
EPS 3Y-16.37%
EPS 5YN/A
EPS Q2Q%380%
EPS Next Y19.19%
EPS Next 2Y30.37%
EPS Next 3Y18.18%
EPS Next 5YN/A
Revenue 1Y (TTM)59.49%
Revenue growth 3Y3.08%
Revenue growth 5YN/A
Sales Q2Q%107.42%
Revenue Next Year5.33%
Revenue Next 2Y11.63%
Revenue Next 3Y9.57%
Revenue Next 5YN/A
EBIT growth 1Y90.89%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y346.48%
FCF growth 3Y-3.92%
FCF growth 5YN/A
OCF growth 1Y157.82%
OCF growth 3Y-1.67%
OCF growth 5YN/A