PJT PARTNERS INC - A (PJT) Stock Fundamental Analysis
NYSE:PJT - New York Stock Exchange, Inc. - US69343T1079 - Common Stock - Currency: USD
PJT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 228 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 priced too expensively while it is growing strongly. Keep and eye on this one! This makes PJT very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
PJT had positive earnings in the past year.
PJT had a positive operating cash flow in the past year.
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
The Return On Assets of PJT (8.22%) is better than 85.02% of its industry peers.
Looking at the Return On Equity, with a value of 71.86%, PJT belongs to the top of the industry, outperforming 99.12% of the companies in the same industry.
The Return On Invested Capital of PJT (27.40%) is better than 99.12% 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 7.06%.
The last Return On Invested Capital (27.40%) for PJT is above the 3 year average (24.04%), which is a sign of increasing profitability.
| 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 has a Profit Margin of 9.00%. This is in the lower half of the industry: PJT underperforms 66.08% of its industry peers.
PJT's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 20.29%, PJT is in line with its industry, outperforming 41.85% of the companies in the same industry.
In the last couple of years the Operating Margin of PJT has grown nicely.
| 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
Compared to 1 year ago, PJT has less shares outstanding
PJT has more shares outstanding than it did 5 years ago.
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
PJT has an Altman-Z score of 3.05. This indicates that PJT is financially healthy and has little risk of bankruptcy at the moment.
PJT's Altman-Z score of 3.05 is fine compared to the rest of the industry. PJT outperforms 77.53% 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 | 3.05 |
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.
PJT has a Current ratio of 1.16. This is comparable to the rest of the industry: PJT outperforms 53.74% of its industry peers.
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.
With a Quick ratio value of 1.16, PJT perfoms like the industry average, outperforming 53.74% of the companies in the same industry.
| 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 52.91% over the past year.
PJT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.72% yearly.
The Revenue has grown by 29.48% in the past year. This is a very strong growth!
The Revenue has been growing by 15.78% on average over the past years. This is quite good.
EPS 1Y (TTM)52.91%
EPS 3Y3.96%
EPS 5Y15.72%
EPS Q2Q%97.92%
Revenue 1Y (TTM)29.48%
Revenue growth 3Y14.61%
Revenue growth 5Y15.78%
Sales Q2Q%45.27%
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 16.39% on average per year.
Based on estimates for the next years, PJT will show a quite strong growth in Revenue. The Revenue will grow by 10.29% on average per year.
EPS Next Y18.64%
EPS Next 2Y19%
EPS Next 3Y16.39%
EPS Next 5YN/A
Revenue Next Year15.31%
Revenue Next 2Y13.7%
Revenue Next 3Y10.29%
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.
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
The Price/Earnings ratio is 25.95, which means the current valuation is very expensive for PJT.
Based on the Price/Earnings ratio, PJT is valued a bit more expensive than the industry average as 67.40% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 28.29, PJT is valued at the same level.
Based on the Price/Forward Earnings ratio of 21.88, the valuation of PJT can be described as rather expensive.
Based on the Price/Forward Earnings ratio, PJT is valued a bit more expensive than the industry average as 63.00% of the companies are valued more cheaply.
PJT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.95 | ||
| Fwd PE | 21.88 |
4.2 Price Multiples
PJT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PJT is cheaper than 88.11% of the companies in the same industry.
PJT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PJT is cheaper than 82.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.73 | ||
| EV/EBITDA | 8.04 |
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 16.39% in the coming years.
PEG (NY)1.39
PEG (5Y)1.65
EPS Next 2Y19%
EPS Next 3Y16.39%
5. Dividend
5.1 Amount
PJT has a yearly dividend return of 0.77%, which is pretty low.
PJT's Dividend Yield is slightly below the industry average, which is at 8.65.
With a Dividend Yield of 0.77, PJT pays less dividend than the S&P500 average, which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
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.
PJT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP17.96%
EPS Next 2Y19%
EPS Next 3Y16.39%
129.77
+1.08 (+0.84%)
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 Change-6.48%
Market Cap3.02B
Analysts47.69
Price Target172.13 (32.64%)
Short Float %7.91%
Short Ratio5.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
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)-2.46%
PT rev (3m)12.05%
EPS NQ rev (1m)-10.17%
EPS NQ rev (3m)-3.84%
EPS NY rev (1m)-0.51%
EPS NY rev (3m)8.23%
Revenue NQ rev (1m)-3.51%
Revenue NQ rev (3m)-0.73%
Revenue NY rev (1m)-1.09%
Revenue NY rev (3m)1.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.95 | ||
| Fwd PE | 21.88 | ||
| P/S | 2.02 | ||
| P/FCF | 5.73 | ||
| P/OCF | 5.69 | ||
| P/B | 16.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.04 |
EPS(TTM)5
EY3.85%
EPS(NY)5.93
Fwd EY4.57%
FCF(TTM)22.65
FCFY17.45%
OCF(TTM)22.79
OCFY17.56%
SpS64.08
BVpS8.03
TBVpS-0.76
PEG (NY)1.39
PEG (5Y)1.65
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 | 25.77% | ||
| Cap/Sales | 0.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 168.16% | ||
| Profit Quality | 392.62% | ||
| Current Ratio | 1.16 | ||
| Quick Ratio | 1.16 | ||
| Altman-Z | 3.05 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)25.22%
Cap/Depr(5y)35.15%
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)52.91%
EPS 3Y3.96%
EPS 5Y15.72%
EPS Q2Q%97.92%
EPS Next Y18.64%
EPS Next 2Y19%
EPS Next 3Y16.39%
EPS Next 5YN/A
Revenue 1Y (TTM)29.48%
Revenue growth 3Y14.61%
Revenue growth 5Y15.78%
Sales Q2Q%45.27%
Revenue Next Year15.31%
Revenue Next 2Y13.7%
Revenue Next 3Y10.29%
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%