PJT PARTNERS INC - A (PJT) Stock Fundamental Analysis
NYSE:PJT - New York Stock Exchange, Inc. - US69343T1079 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to PJT. PJT was compared to 222 industry peers in the Capital Markets industry. PJT has an excellent profitability rating, 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. These ratings could make PJT a good candidate for growth 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.
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
PJT has a Return On Assets of 6.93%. This is amongst the best in the industry. PJT outperforms 82.03% of its industry peers.
PJT has a better Return On Equity (67.88%) than 99.54% of its industry peers.
With an excellent Return On Invested Capital value of 22.52%, PJT belongs to the best of the industry, outperforming 98.16% of the companies in the same industry.
PJT had an Average Return On Invested Capital over the past 3 years of 24.25%. This is significantly above the industry average of 6.67%.
| 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: 64.52% of the companies in the same industry are doing better.
PJT's Profit Margin has improved in the last couple of years.
PJT has a Operating Margin of 18.91%. This is comparable to the rest of the industry: PJT outperforms 40.55% of its industry peers.
In the last couple of years the Operating Margin of PJT has grown nicely.
| 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.
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
An Altman-Z score of 3.11 indicates that PJT is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.11, PJT is doing good in the industry, outperforming 78.80% 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 | 3.11 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.78 indicates that PJT may have some problems paying its short term obligations.
With a Current ratio value of 0.78, PJT is not doing good in the industry: 61.75% of the companies in the same industry are doing better.
PJT has a Quick 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.
The Quick ratio of PJT (0.78) is worse than 61.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.76% over the past year.
The Earnings Per Share has been growing by 11.47% on average over the past years. This is quite good.
The Revenue has grown by 21.70% 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 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
Based on estimates for the next years, PJT will show a very strong growth in Earnings Per Share. The EPS will grow by 22.80% on average per year.
PJT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.71% yearly.
EPS Next Y32.84%
EPS Next 2Y29.47%
EPS Next 3Y22.8%
EPS Next 5YN/A
Revenue Next Year23.77%
Revenue Next 2Y18.62%
Revenue Next 3Y15.71%
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.
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
PJT is valuated quite expensively with a Price/Earnings ratio of 41.03.
PJT's Price/Earnings ratio is a bit more expensive when compared to the industry. PJT is more expensive than 76.50% of the companies in the same industry.
PJT is valuated rather expensively when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 30.40, the valuation of PJT can be described as expensive.
Based on the Price/Forward Earnings ratio, PJT is valued a bit more expensive than 72.35% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 91.29, PJT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.03 | ||
| Fwd PE | 30.4 |
4.2 Price Multiples
PJT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PJT is cheaper than 80.65% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PJT indicates a somewhat cheap valuation: PJT is cheaper than 73.27% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.7 | ||
| EV/EBITDA | 13.92 |
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.
PJT's earnings are expected to grow with 22.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.25
PEG (5Y)3.58
EPS Next 2Y29.47%
EPS Next 3Y22.8%
5. Dividend
5.1 Amount
With a yearly dividend of 0.62%, PJT is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 9.43, PJT is paying slightly less dividend.
With a Dividend Yield of 0.62, PJT pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
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 in the last 3 years.
Dividend Growth(5Y)36.84%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
PJT pays out 22.41% 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.
DP22.41%
EPS Next 2Y29.47%
EPS Next 3Y22.8%
PJT PARTNERS INC - A
NYSE:PJT (1/30/2025, 1:06:36 PM)
166.6
+3.91 (+2.4%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners87.69%
Inst Owner ChangeN/A
Ins Owners7.87%
Ins Owner Change-19.97%
Market Cap3.96B
Analysts49.23
Price Target153.61 (-7.8%)
Short Float %7.96%
Short Ratio7.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
Yearly Dividend1
Dividend Growth(5Y)36.84%
DP22.41%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.42%
Min EPS beat(2)1.19%
Max EPS beat(2)69.65%
EPS beat(4)4
Avg EPS beat(4)49.09%
Min EPS beat(4)1.19%
Max EPS beat(4)117.56%
EPS beat(8)6
Avg EPS beat(8)36.98%
EPS beat(12)8
Avg EPS beat(12)26.66%
EPS beat(16)11
Avg EPS beat(16)24.01%
Revenue beat(2)2
Avg Revenue beat(2)14.9%
Min Revenue beat(2)3.34%
Max Revenue beat(2)26.46%
Revenue beat(4)4
Avg Revenue beat(4)19.73%
Min Revenue beat(4)3.34%
Max Revenue beat(4)42.22%
Revenue beat(8)6
Avg Revenue beat(8)16.1%
Revenue beat(12)9
Avg Revenue beat(12)12.39%
Revenue beat(16)12
Avg Revenue beat(16)10.04%
PT rev (1m)7.57%
PT rev (3m)13.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-13.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.03 | ||
| Fwd PE | 30.4 | ||
| P/S | 2.95 | ||
| P/FCF | 8.7 | ||
| P/OCF | 8.64 | ||
| P/B | 24.91 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.92 |
EPS(TTM)4.06
EY2.44%
EPS(NY)5.48
Fwd EY3.29%
FCF(TTM)19.15
FCFY11.49%
OCF(TTM)19.29
OCFY11.58%
SpS56.51
BVpS6.69
TBVpS-0.96
PEG (NY)1.25
PEG (5Y)3.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 67.88% | ||
| ROCE | 27.49% | ||
| ROIC | 22.52% | ||
| ROICexc | 26.84% | ||
| ROICexgc | 46.48% | ||
| OM | 18.91% | ||
| PM (TTM) | 8.03% | ||
| GM | N/A | ||
| FCFM | 33.89% |
ROA(3y)8.36%
ROA(5y)7.64%
ROE(3y)56.89%
ROE(5y)68.16%
ROIC(3y)24.25%
ROIC(5y)23.69%
ROICexc(3y)34.7%
ROICexc(5y)35.99%
ROICexgc(3y)76.67%
ROICexgc(5y)86.17%
ROCE(3y)29.6%
ROCE(5y)28.92%
ROICexcg growth 3Y-16.51%
ROICexcg growth 5Y25.34%
ROICexc growth 3Y-16.53%
ROICexc growth 5Y22.28%
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
F-Score7
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 26.07% | ||
| Cap/Sales | 0.25% | ||
| Interest Coverage | 12713 | ||
| Cash Conversion | 171.71% | ||
| Profit Quality | 421.82% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 3.11 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)30.34%
Cap/Depr(5y)42.13%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.68%
Profit Quality(3y)303.41%
Profit Quality(5y)397.72%
High Growth Momentum
Growth
EPS 1Y (TTM)19.76%
EPS 3Y-12.49%
EPS 5Y11.47%
EPS Q2Q%19.23%
EPS Next Y32.84%
EPS Next 2Y29.47%
EPS Next 3Y22.8%
EPS Next 5YN/A
Revenue 1Y (TTM)21.7%
Revenue growth 3Y3.1%
Revenue growth 5Y14.73%
Sales Q2Q%17.23%
Revenue Next Year23.77%
Revenue Next 2Y18.62%
Revenue Next 3Y15.71%
Revenue Next 5YN/A
EBIT growth 1Y17.01%
EBIT growth 3Y-8.77%
EBIT growth 5Y27.4%
EBIT Next Year37.24%
EBIT Next 3Y28.91%
EBIT Next 5YN/A
FCF growth 1Y72.17%
FCF growth 3Y-1.69%
FCF growth 5Y30.48%
OCF growth 1Y70.75%
OCF growth 3Y-2.02%
OCF growth 5Y29.15%