PJT Partners, a prominent player in the Capital Markets industry, has been demonstrating a promising trajectory in the NYSE with its robust financial indicators. The company's forward PE stands at 15.85, suggesting a favorable valuation. PJT's EBITDA of $251.82M and a healthy operating margin of 18.44% underscore its strong operational efficiency. The firm's EPS estimate for the current year is $2.95, with a more optimistic EPS estimate of $4.73 for the next year. The company's free cash flow is robust at $239.3M, providing ample liquidity for potential investments and shareholder returns. Despite a quarterly revenue growth dip of 18%, the firm's target price is set at $82.8, closely aligning with the naive expected forecast value of $83.16. The Wall Street consensus deems PJT a 'Strong Buy', indicating potential upside with a possible price of $85.11. The company's stability is further reinforced by its substantial capital surplus of
$502.6M, although it's worth noting a net tangible assets loss of $5.5M. PJT Partners' Operating Margin appears to be relatively stable at present, compared to the previous year. In 2022, PJT Partners reported an Operating Margin of 19.65. It is projected that the Cash and Equivalents Turnover will likely increase to 6.02 in 2023, while the Enterprise Value is expected to slightly decrease to just above $1.5 billion in the same year.
There are numerous instances where stock prices have declined following a significant shift in one of the forward-looking indicators. In this brief article, we will examine some of PJT Partners' key fundamentals. We will discuss why we remain optimistic about a potential recovery. The probability of financial distress for PJT Partners is less than 1 percent. The question remains, will private investors continue to buy PJT Partners stock in August?
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include PJT Partners income statement, its balance sheet, and the statement of cash flows. Potential PJT Partners investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although PJT Partners investors may use each financial statement separately, they are all related. The changes in PJT Partners's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PJT Partners's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of PJT Partners
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of PJT Partners performance into the future periods or doing a reasonable stock valuation. The intrinsic value of PJT Partners shares is the value that is considered the true value of the share. If
the intrinsic value of PJT is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares PJT Partners. Please read more on our
fundamental analysis page.
How effective is PJT Partners in utilizing its assets?
PJT Partners reports assets on its Balance Sheet. It represents the amount of PJT resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, PJT Partners aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Investment Banking & Brokerage space. To get a better handle on how balance sheet or income statements item affect PJT volatility, please check the breakdown of all its
fundamentals.
Are PJT Partners Earnings Expected to grow?
The
future earnings power of PJT Partners involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of PJT Partners factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. PJT Partners
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of PJT
expected earnings.
And What about dividends?
A dividend is the distribution of a portion of PJT Partners earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. PJT Partners dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. PJT one year expected dividend income is about USD0.67 per share.
Dividends Paid is likely to gain to about (23.2
M) in 2024.
Dividend Yield is likely to drop to 0.01 in 2024.
Investing in dividend-paying stocks, such as PJT Partners is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in PJT Partners must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for PJT Partners. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
PJT Partners Gross Profit
PJT Partners Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing PJT Partners previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show PJT Partners Gross Profit growth over the last 10 years. Please check PJT Partners'
gross profit and other
fundamental indicators for more details.
Scrutinizing PJT Partners - a closer look
Many companies such as PJT Partners have both institutions investors and insiders sharing the ownership. Retail investors typically buy and sell stocks in round lots of 100 shares or more. Other other hand institutional investors are known to buy and sell in block trades of 10,000 shares or more. Let's take a look at how the ownership of PJT is distributed among investors.
Ownership Allocation
PJT Partners has a total of 24.8 Million outstanding shares. The majority of PJT Partners
outstanding shares are owned by
third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in PJT Partners to benefit from reduced commissions. Therefore, institutional investors are subject to a different set of regulations than regular investors in PJT Partners. Please pay attention to any change in the institutional holdings of PJT Partners as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
| Retail Investors22.28% | Insiders7.69% | Institutions70.03% |
| Retail Investors | 22.28 |
| Insiders | 7.69 |
| Institutions | 70.03 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. PJT Partners has an asset utilization ratio of 97.61 percent. This implies that the company is making $0.98 for each dollar of assets. An increasing asset utilization means that PJT Partners is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets451.1 M | Goodwill186.1 M | |
| Current Assets | 451.09 Million | 64.31 |
| Goodwill | 186.07 Million | 26.53 |
| Tax Assets | 64.29 Million | 9.17 |
PJT Partners (USA Stocks:PJT), a key player in the Capital Markets industry, has shown promising stability in its forward-looking indicators despite recent gains. The firm's EPS estimate for the current year stands at 2.95, while its diluted EPS is 3.18. With a market capitalization of
3.08 billion, PJT Partners is a substantial entity in its field. The firm's operating income is robust at 236.3 million, indicating a healthy operating margin. The company's net income is impressive at 164.77 million, further highlighting its profitability. PJT Partners' total revenue is also noteworthy, standing at
1 billion. The firm has a forward dividend yield of 0.0128, which may be attractive to income-focused investors. Despite a high price to book ratio of 12.80X, the firm's stability is reflected in its beta of 0.75, indicating less volatility compared to the overall market. The company's total assets amount to 1.05 billion, with net working capital at 419.4 million. It's also worth noting that 70.03% of the company's shares are owned by institutions, suggesting strong confidence from major market players. In conclusion, PJT Partners' strong financial fundamentals, coupled with its stability and recent gains, make it a promising investment opportunity.
Another 3 percent gain for PJT Partners
PJT Partners has demonstrated a promising increase in its semi deviation, rising above 2.0, which suggests a potential for higher returns. This positive shift in the risk-return trade-off is reflected in the stock's recent performance, with PJT Partners posting a 3 percent gain. This upward trend indicates that the company's stock is becoming more appealing to investors looking to capitalize on its solid
financial health and strong market position. As of July 25th, PJT Partners has a Semi Deviation of 2.0, a Risk Adjusted Performance of 0.0477, and a Market Risk Adjusted Performance of 0.1038. Regarding fundamental indicators, the
technical analysis model allows you to examine practical technical drivers of PJT Partners, as well as their interrelationships. In other words, you can use this information to determine if the company will indeed reflect its model of past market data, or if prices will eventually revert. We can analyze nineteen technical drivers for PJT Partners, which can be compared to its
competitors. Please review PJT Partners' Jensen Alpha and Semi Variance to determine if PJT Partners is priced accurately, given that the market reflects its current price of 83.02 per share.
Considering that PJT Partners has a Jensen Alpha of 0.0367, we recommend you to review PJT Partners' recent market performance to ensure the company can sustain itself in the future. In conclusion, despite the recent good news surrounding PJT Partners, the stock may not be as attractive as it initially appears. The Naive Expected Forecast Value is
83.16, slightly below the Valuation Market Value of
83.02. While the Analyst Overall Consensus is a 'Strong Buy' with two out of three analysts giving a 'Strong Buy' recommendation, the Analyst Target Price Estimated Value is 84.333, only marginally higher than the current price. Furthermore, the potential upside price of 85.11 is not significantly higher than the possible downside price of 81.21. This suggests that the risk-reward ratio may not be favorable for investors at this point. The company's EPS estimate for the next fiscal year ending in December is 4.73, which is a positive sign. However, investors should consider the Valuation Real Value of 80.99 and the Valuation Hype Value of 83.2 before making a decision. .
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
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