0.07%
5.40%
18.17%
34.58%
67.43%
160.04%
251.97%
AI Spotlight on PJT
Company Description
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.
Market Data
| Last Price | 164.97 |
| Change Percentage | 0.07% |
| Open | 166.11 |
| Previous Close | 164.85 |
| Market Cap ( Millions) | 6468 |
| Volume | 173178 |
| Year High | 168.92 |
| Year Low | 88.51 |
| M A 50 | 160.3 |
| M A 200 | 130.3 |
Financial Ratios
| FCF Yield | 7.04% |
| Dividend Yield | 0.61% |
| ROE | 60.66% |
| Debt / Equity | 222.05% |
| Net Debt / EBIDTA | 80.37% |
| Price To Book | 26.31 |
| Price Earnings Ratio | 38.76 |
| Price To FCF | 14.2 |
| Price To sales | 4.81 |
| EV / EBITDA | 26.23 |
News
- Jan -23 - PJT Partners Inc. to Report Full Year and Fourth Quarter 2024 Financial Results and Host a Conference Call on February 4, 2025
- Nov -27 - PJT Partners Inc. to Present at the Goldman Sachs 2024 Financial Services Conference on December 11
- Oct -31 - PJT Partners: Elections Will Make The Q4 This Year
- Oct -29 - PJT Partners, Inc. (PJT) Q3 2024 Earnings Call Transcript
- Oct -29 - PJT Partners (PJT) Surpasses Q3 Earnings and Revenue Estimates
- Oct -29 - PJT Partners Inc. Reports Third Quarter and Nine Months 2024 Results
- Oct -21 - PJT Partners Inc. to Report Third Quarter 2024 Financial Results and Host a Conference Call on October 29, 2024
- Aug -19 - 3 Reasons Why Growth Investors Shouldn't Overlook PJT Partners (PJT)
- Aug -04 - PJT Partners: Solid Performances Will Continue Beyond The Downcycle
- Aug -01 - Are You Looking for a Top Momentum Pick? Why PJT Partners (PJT) is a Great Choice
- Jul -30 - PJT Partners (PJT) Q2 Earnings and Revenues Beat Estimates
- May -27 - PJT Partners Inc. (PJT) Soars to 52-Week High, Time to Cash Out?
- May -06 - 3 Reasons Growth Investors Will Love PJT Partners (PJT)
- May -02 - PJT Partners, Inc. (PJT) Q1 2024 Earnings Call Transcript
- May -02 - PJT Partners (PJT) Q1 Earnings and Revenues Top Estimates
- May -02 - PJT Partners Inc. Reports Record First Quarter 2024 Results
- Apr -18 - PJT Partners Inc. to Report First Quarter 2024 Financial Results and Host a Conference Call on May 2, 2024
- Feb -06 - PJT Partners Inc. (PJT) Q4 2023 Earnings Call Transcript
- Feb -06 - PJT Partners (PJT) Beats Q4 Earnings and Revenue Estimates
- Feb -06 - PJT Partners Inc. Reports Full Year and Fourth Quarter 2023 Results; Announces $500 Million Repurchase Authorization
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Advisory Fees
Expected Growth : 6.5 %
What the company do ?
Advisory Fees from PJT Partners Inc. refer to the fees earned by the company for providing strategic advisory services to clients, including mergers and acquisitions, restructuring, and other financial advisory services.
Why we expect these perspectives ?
PJT Partners Inc.'s 6.5% growth in Advisory Fees is driven by increasing demand for strategic advisory services, expansion into new markets, and a strong track record of delivering successful transactions. Additionally, the company's diversified revenue streams, including restructuring and special situations, contribute to its growth momentum.
Segment n°2 -> Placement Fees
Expected Growth : 5.8 %
What the company do ?
Placement Fees from PJT Partners Inc. refers to the fees paid to the investment bank for advisory services on mergers and acquisitions, restructuring, and capital raising transactions.
Why we expect these perspectives ?
PJT Partners Inc.'s 5.8% growth in Placement Fees is driven by increasing demand for strategic advisory services, expansion into new markets, and a strong pipeline of transactions. Additionally, the company's expertise in restructuring and recapitalization, as well as its ability to advise on complex deals, have contributed to its growth.
Segment n°3 -> Interest Income and Others
Expected Growth : 5.2 %
What the company do ?
Interest Income refers to earnings from investments, while Others includes non-operating income from PJT Partners Inc., such as gains on sales of assets or investments.
Why we expect these perspectives ?
PJT Partners Inc.'s 5.2% growth in Interest Income and Others is driven by increasing advisory fees from strategic transactions, expansion of debt and equity capital markets, and growth in asset management fees. Additionally, the company's strategic partnerships and investments in technology have enhanced its capabilities, contributing to the growth.
Pjt Partners Inc. Products
| Product Range | What is it ? |
|---|---|
| Mergers and Acquisitions Advisory | PJT Partners provides strategic advisory services to clients on mergers, acquisitions, divestitures, and other strategic transactions. |
| Restructuring and Special Situations | PJT Partners advises clients on restructuring, recapitalization, and other special situations, helping them navigate complex financial challenges. |
| Equity Advisory | PJT Partners provides strategic advisory services to clients on equity-related transactions, including IPOs, follow-on offerings, and equity-linked transactions. |
| Debt Advisory | PJT Partners advises clients on debt-related transactions, including debt financing, refinancing, and restructuring. |
| Private Capital Advisory | PJT Partners advises clients on private capital transactions, including private equity, venture capital, and other alternative investments. |
| Cross-Border Advisory | PJT Partners advises clients on cross-border transactions, including international M&A, joint ventures, and strategic partnerships. |
PJT Partners Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for PJT Partners Inc. is medium due to the presence of alternative investment banks and financial institutions that offer similar services.
Bargaining Power Of Customers
The bargaining power of customers for PJT Partners Inc. is low due to the company's strong brand reputation and expertise in the investment banking industry.
Bargaining Power Of Suppliers
The bargaining power of suppliers for PJT Partners Inc. is medium due to the company's dependence on a few key suppliers for its operations.
Threat Of New Entrants
The threat of new entrants for PJT Partners Inc. is high due to the relatively low barriers to entry in the investment banking industry.
Intensity Of Rivalry
The intensity of rivalry for PJT Partners Inc. is high due to the highly competitive nature of the investment banking industry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 59.52% |
| Debt Cost | 3.95% |
| Equity Weight | 40.48% |
| Equity Cost | 7.25% |
| WACC | 5.29% |
| Leverage | 147.03% |
PJT Partners Inc. : Quality Control
PJT Partners Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PIPR | Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and … |
| JEF | Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in … |
| EVR | Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking … |
| SF | Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United … |
| IBKR | Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Interactive Brokers
A-Score
1-Year Total Return ->
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Jefferies
A-Score
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Stifel Financial
A-Score
1-Year Total Return ->
4
Piper Sandler
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5
PJT Partners
A-Score
1-Year Total Return ->
6
