XNASGCMG
Market cap2.30bUSD
Dec 23, Last price
12.14USD
1D
3.32%
1Q
5.38%
IPO
19.96%
Name
GCM Grosvenor Inc
Chart & Performance
Profile
Grosvenor Capital Management, L.P. is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities. The firm invests in equity and alternative investment markets of the United States and internationally. The firm invests in multi-strategy, credit-focused, equity-focused, macro-focused, commodity-focused, and other specialty portfolios. It focuses in hedge fund asset classes, private equity, real estate, and/or infrastructure, credit and absolute return strategies. It also focuses in primary fund investments, secondary fund investments, and co-investments with a focus on buyout, distressed debt, mezzanine, venture capital/growth equity investments. The firm seeks to make regionally-focused investments in middle-market buyout. It prefers to invest in aerospace and defense, advanced electronics, information technology, biosciences, and advanced materials. It focuses on Ohio and the Midwest region. The firm employs fundamental and quantitative analysis. Grosvenor Capital Management, L.P. was founded in 1971 and is based in Chicago, Illinois with additional offices in North America, Asia and Europe.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
Income | ||||||||
Revenues | 444,999 -0.34% | 446,530 -16.00% | 531,592 23.63% | |||||
Cost of revenue | 456,845 | 366,218 | 422,188 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | (11,846) | 80,312 | 109,404 | |||||
NOPBT Margin | 17.99% | 20.58% | ||||||
Operating Taxes | 7,692 | 9,611 | 10,993 | |||||
Tax Rate | 11.97% | 10.05% | ||||||
NOPAT | (19,538) | 70,701 | 98,411 | |||||
Net income | 12,774 -83.93% | 79,482 -44.05% | 142,069 -310.07% | |||||
Dividends | (20,321) | (18,432) | (14,525) | |||||
Dividend yield | 1.21% | 1.28% | 0.73% | |||||
Proceeds from repurchase of equity | (4,478) | (26,391) | 125,375 | |||||
BB yield | 0.27% | 1.84% | -6.32% | |||||
Debt | ||||||||
Debt current | 4,000 | 390,516 | ||||||
Long-term debt | 454,991 | 418,667 | 390,516 | |||||
Deferred revenue | 8,972 | 8,484 | ||||||
Other long-term liabilities | 91,071 | 88,093 | 177,549 | |||||
Net debt | 170,435 | 113,534 | 458,502 | |||||
Cash flow | ||||||||
Cash from operating activities | 92,065 | 216,513 | 178,803 | |||||
CAPEX | (3,763) | (782) | (577) | |||||
Cash from investing activities | (18,840) | (10,073) | (28,114) | |||||
Cash from financing activities | (113,662) | (215,067) | (251,274) | |||||
FCF | (51,433) | 281,289 | (57,683) | |||||
Balance | ||||||||
Cash | 44,354 | 85,163 | 96,185 | |||||
Long term investments | 240,202 | 223,970 | 226,345 | |||||
Excess cash | 262,306 | 286,806 | 295,950 | |||||
Stockholders' equity | (113,165) | (94,006) | (57,302) | |||||
Invested Capital | 555,222 | 504,212 | 968,566 | |||||
ROIC | 9.60% | 11.00% | ||||||
ROCE | 19.57% | 12.12% | ||||||
EV | ||||||||
Common stock shares outstanding | 187,434 | 188,568 | 189,059 | |||||
Price | 8.96 17.74% | 7.61 -27.52% | 10.50 -21.17% | |||||
Market cap | 1,679,407 17.03% | 1,435,002 -27.71% | 1,985,123 -19.10% | |||||
EV | 1,766,247 | 1,474,350 | 2,413,534 | |||||
EBITDA | (9,150) | 84,168 | 113,424 | |||||
EV/EBITDA | 17.52 | 21.28 | ||||||
Interest | 23,745 | 23,314 | 20,084 | |||||
Interest/NOPBT | 29.03% | 18.36% |