PJT PARTNERS INC - A (PJT)
US69343T1079 - Common Stock
We assign a fundamental rating of 5 out of 10 to PJT. PJT was compared to 218 industry peers in the Capital Markets industry. Both the profitability and the financial health of PJT get a neutral evaluation. Nothing too spectacular is happening here. PJT shows excellent growth, but is valued quite expensive already. These ratings could make PJT a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year PJT was profitable.
PJT had a positive operating cash flow in the past year.
PJT had positive earnings in each of the past 5 years.
In the past 5 years PJT always reported a positive cash flow from operatings.
1.2 Ratios
PJT has a Return On Assets of 6.93%. This is in the better half of the industry: PJT outperforms 74.88% of its industry peers.
The Return On Equity of PJT (67.88%) is better than 98.60% of its industry peers.
PJT's Return On Invested Capital of 22.52% is amongst the best of the industry. PJT outperforms 96.74% of its industry peers.
PJT had an Average Return On Invested Capital over the past 3 years of 24.25%. This is significantly above the industry average of 17.63%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 67.88% | ||
| ROIC | 22.52% |
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
With a Profit Margin value of 8.03%, PJT is not doing good in the industry: 66.05% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of PJT has grown nicely.
PJT has a Operating Margin of 18.91%. This is in the lower half of the industry: PJT underperforms 60.00% of its industry peers.
PJT's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.91% | ||
| PM (TTM) | 8.03% | ||
| 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
The number of shares outstanding for PJT has been reduced compared to 1 year ago.
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 3.12. This indicates that PJT is financially healthy and has little risk of bankruptcy at the moment.
PJT has a better Altman-Z score (3.12) than 77.67% 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 | 3.12 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PJT has a Current Ratio of 0.78. 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 has a worse Current ratio (0.78) than 61.86% of its industry peers.
A Quick Ratio of 0.78 indicates that PJT may have some problems paying its short term obligations.
PJT has a worse Quick ratio (0.78) than 61.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
PJT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.76%, which is quite good.
PJT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.47% yearly.
Looking at the last year, PJT shows a very strong growth in Revenue. The Revenue has grown by 21.70%.
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)19.76%
EPS 3Y-12.49%
EPS 5Y11.47%
EPS Q2Q%19.23%
Revenue 1Y (TTM)21.7%
Revenue growth 3Y3.1%
Revenue growth 5Y14.73%
Sales Q2Q%17.23%
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 19.97% yearly.
The Revenue is expected to grow by 13.71% on average over the next years. This is quite good.
EPS Next Y32.22%
EPS Next 2Y28.01%
EPS Next 3Y19.97%
EPS Next 5YN/A
Revenue Next Year23.77%
Revenue Next 2Y18.1%
Revenue Next 3Y13.71%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 40.28, the valuation of PJT can be described as expensive.
Based on the Price/Earnings ratio, PJT is valued a bit more expensive than the industry average as 75.81% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 28.76, PJT is valued a bit more expensive.
With a Price/Forward Earnings ratio of 30.52, PJT can be considered very expensive at the moment.
PJT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. PJT is more expensive than 72.09% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PJT to the average of the S&P500 Index (23.90), we can say PJT is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.28 | ||
| Fwd PE | 30.52 |
4.2 Price Multiples
80.00% of the companies in the same industry are more expensive than PJT, based on the Enterprise Value to EBITDA ratio.
PJT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PJT is cheaper than 75.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.54 | ||
| EV/EBITDA | 14 |
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 19.97% in the coming years.
PEG (NY)1.25
PEG (5Y)3.51
EPS Next 2Y28.01%
EPS Next 3Y19.97%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, PJT is not a good candidate for dividend investing.
PJT's Dividend Yield is slightly below the industry average, which is at 8.72.
Compared to an average S&P500 Dividend Yield of 2.24, PJT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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.
The dividend of PJT decreased recently.
Dividend Growth(5Y)36.84%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
PJT pays out 22.41% 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.
DP22.41%
EPS Next 2Y28.01%
EPS Next 3Y19.97%
PJT PARTNERS INC - A
NYSE:PJT (11/6/2024, 8:04:00 PM)
After market: 163.53 0 (0%)163.53
+22.26 (+15.76%)
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 Cap3.89B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.28 | ||
| Fwd PE | 30.52 | ||
| 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)1.25
PEG (5Y)3.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 67.88% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.91% | ||
| PM (TTM) | 8.03% | ||
| 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 Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)19.76%
EPS 3Y-12.49%
EPS 5Y
EPS Q2Q%
EPS Next Y32.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)21.7%
Revenue growth 3Y3.1%
Revenue growth 5Y
Sales 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