PERELLA WEINBERG PARTNERS (PWP) Stock Fundamental Analysis
NASDAQ:PWP - Nasdaq - US71367G1022 - Common Stock - Currency: USD
Taking everything into account, PWP scores 4 out of 10 in our fundamental rating. PWP was compared to 225 industry peers in the Capital Markets industry. While PWP seems to be doing ok healthwise, there are quite some concerns on its profitability. PWP is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
PWP had positive earnings in the past year.
PWP had a positive operating cash flow in the past year.
PWP had negative earnings in 4 of the past 5 years.
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 -11.83%. This is amonst the worse of the industry: PWP underperforms 87.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.83% | ||
| ROE | N/A | ||
| ROIC | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Gross Margin value of 67.04%, PWP is doing good in the industry, outperforming 73.33% of the companies in the same industry.
PWP's Gross Margin has declined in the last couple of years.
PWP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 67.04% |
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
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
PWP has an Altman-Z score of 1.20. This is a bad value and indicates that PWP is not financially healthy and even has some risk of bankruptcy.
PWP has a Altman-Z score of 1.20. This is in the better half of the industry: PWP outperforms 60.89% of its industry peers.
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 | 1.2 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PWP has a Current Ratio of 1.39. This is a normal value and indicates that PWP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.39, PWP is in line with its industry, outperforming 59.56% of the companies in the same industry.
PWP has a Quick Ratio of 1.39. 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 Quick ratio of 1.39. This is comparable to the rest of the industry: PWP outperforms 59.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
PWP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 106.67%, which is quite impressive.
The earnings per share for PWP have been decreasing by -16.37% on average. This is quite bad
Looking at the last year, PWP shows a very strong growth in Revenue. The Revenue has grown by 35.38%.
PWP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.08% yearly.
EPS 1Y (TTM)106.67%
EPS 3Y-16.37%
EPS 5YN/A
EPS Q2Q%225%
Revenue 1Y (TTM)35.38%
Revenue growth 3Y3.08%
Revenue growth 5YN/A
Sales Q2Q%6.11%
3.2 Future
Based on estimates for the next years, PWP will show a very strong growth in Earnings Per Share. The EPS will grow by 21.95% 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 10.50% on average per year.
EPS Next Y44.69%
EPS Next 2Y36.58%
EPS Next 3Y21.95%
EPS Next 5YN/A
Revenue Next Year17.47%
Revenue Next 2Y14.74%
Revenue Next 3Y10.5%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.80, PWP is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of PWP indicates a slightly more expensive valuation: PWP is more expensive than 60.44% of the companies listed in the same industry.
PWP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
The Price/Forward Earnings ratio is 15.06, which indicates a correct valuation of PWP.
The rest of the industry has a similar Price/Forward Earnings ratio as PWP.
The average S&P500 Price/Forward Earnings ratio is at 22.10. PWP is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.8 | ||
| Fwd PE | 15.06 |
4.2 Price Multiples
74.22% of the companies in the same industry are more expensive than PWP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.54 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PWP's earnings are expected to grow with 21.95% in the coming years.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y36.58%
EPS Next 3Y21.95%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.36%, PWP has a reasonable but not impressive dividend return.
In the last 3 months the price of PWP has falen by -20.82%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 8.64, PWP is paying slightly less dividend.
With a Dividend Yield of 1.36, PWP pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
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-35.9%
EPS Next 2Y36.58%
EPS Next 3Y21.95%
20.27
-0.36 (-1.75%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners90.2%
Inst Owner Change6.03%
Ins Owners2.72%
Ins Owner Change-13.03%
Market Cap1.76B
Analysts77.5
Price Target29.33 (44.7%)
Short Float %4.34%
Short Ratio3.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend0.32
Dividend Growth(5Y)N/A
DP-35.9%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)122.08%
Min EPS beat(2)88.06%
Max EPS beat(2)156.09%
EPS beat(4)3
Avg EPS beat(4)27.06%
Min EPS beat(4)-242.97%
Max EPS beat(4)156.09%
EPS beat(8)7
Avg EPS beat(8)120.6%
EPS beat(12)9
Avg EPS beat(12)114.65%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)44.1%
Min Revenue beat(2)37.5%
Max Revenue beat(2)50.71%
Revenue beat(4)3
Avg Revenue beat(4)20.83%
Min Revenue beat(4)-24.37%
Max Revenue beat(4)50.71%
Revenue beat(8)7
Avg Revenue beat(8)18.12%
Revenue beat(12)9
Avg Revenue beat(12)13.94%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.55%
PT rev (3m)5.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.07%
EPS NY rev (1m)-1.53%
EPS NY rev (3m)-1.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)1.57%
Revenue NY rev (3m)4.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.8 | ||
| Fwd PE | 15.06 | ||
| P/S | 2.12 | ||
| P/FCF | 8.54 | ||
| P/OCF | 7.56 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)0.93
EY4.59%
EPS(NY)1.35
Fwd EY6.64%
FCF(TTM)2.37
FCFY11.71%
OCF(TTM)2.68
OCFY13.23%
SpS9.57
BVpS-3.99
TBVpS-4.53
PEG (NY)0.49
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.83% | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 67.04% | ||
| FCFM | 24.8% |
ROA(3y)N/A
ROA(5y)N/A
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-Score4
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 140.5% | ||
| Cap/Sales | 3.22% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 1.2 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)106.67%
EPS 3Y-16.37%
EPS 5YN/A
EPS Q2Q%225%
EPS Next Y44.69%
EPS Next 2Y36.58%
EPS Next 3Y21.95%
EPS Next 5YN/A
Revenue 1Y (TTM)35.38%
Revenue growth 3Y3.08%
Revenue growth 5YN/A
Sales Q2Q%6.11%
Revenue Next Year17.47%
Revenue Next 2Y14.74%
Revenue Next 3Y10.5%
Revenue Next 5YN/A
EBIT growth 1Y-58.62%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y4666.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y254.26%
OCF growth 3YN/A
OCF growth 5YN/A