XNYS
PJT
Market cap3.69bUSD
May 19, Last price
150.91USD
1D
0.28%
1Q
-14.87%
Jan 2017
388.70%
IPO
424.90%
Name
PJT Partners Inc
Chart & Performance
Profile
PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures. The company also advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in restructurings and recapitalizations; and serving a range of companies, creditors, and financial sponsors on liability management and related capital raise transactions, including exchanges, recapitalizations, reorganizations, debt repurchases, and distressed mergers and acquisitions. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to GPs and LPs on liquidity and other structured solutions in the secondary market. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 1,493,177 29.48% | 1,153,182 12.45% | 1,025,505 3.38% | |||||||
Cost of revenue | 1,140,434 | 1,687,771 | 748,491 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 352,743 | (534,589) | 277,014 | |||||||
NOPBT Margin | 23.62% | 27.01% | ||||||||
Operating Taxes | 136,176 | 31,927 | 36,699 | |||||||
Tax Rate | 38.60% | 13.25% | ||||||||
NOPAT | 216,567 | (566,516) | 240,315 | |||||||
Net income | 134,393 64.30% | 81,799 -50.36% | 164,772 -13.26% | |||||||
Dividends | (24,436) | (24,436) | (24,632) | |||||||
Dividend yield | 0.35% | 0.57% | 1.26% | |||||||
Proceeds from repurchase of equity | (235,104) | (116,738) | (109,484) | |||||||
BB yield | 3.38% | 2.74% | 5.58% | |||||||
Debt | ||||||||||
Debt current | 32,119 | |||||||||
Long-term debt | 709,040 | 594,963 | 271,254 | |||||||
Deferred revenue | 12,265 | 14,799 | ||||||||
Other long-term liabilities | 299,255 | 108,165 | 44,354 | |||||||
Net debt | 225,163 | 239,420 | 79,896 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 441,534 | 441,534 | 242,731 | |||||||
CAPEX | (3,927) | (3,927) | (3,434) | |||||||
Cash from investing activities | (34,346) | (34,346) | (53,235) | |||||||
Cash from financing activities | (228,077) | (228,077) | (210,021) | |||||||
FCF | (143,013) | (694,538) | (54,277) | |||||||
Balance | ||||||||||
Cash | 483,877 | 355,543 | 173,235 | |||||||
Long term investments | 50,242 | |||||||||
Excess cash | 409,218 | 297,884 | 172,202 | |||||||
Stockholders' equity | 941,903 | 734,684 | 694,426 | |||||||
Invested Capital | 1,146,200 | 1,014,310 | 780,489 | |||||||
ROIC | 20.05% | 31.78% | ||||||||
ROCE | 22.68% | 28.34% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 44,105 | 41,882 | 26,617 | |||||||
Price | 157.81 54.91% | 101.87 38.24% | 73.69 -0.54% | |||||||
Market cap | 6,960,231 63.14% | 4,266,523 117.53% | 1,961,380 -37.50% | |||||||
EV | 7,900,024 | 5,122,438 | 2,676,697 | |||||||
EBITDA | 381,409 | (497,929) | 313,224 | |||||||
EV/EBITDA | 20.71 | 8.55 | ||||||||
Interest | 109,109 | |||||||||
Interest/NOPBT | 39.39% |