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Greenhill

DB:GH3
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GH3
DB
$179M
Imp Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The last earnings update was 29 days ago. More info.


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  • Greenhill has significant price volatility in the past 3 months.
GH3 Share Price and Events
7 Day Returns
-2.8%
DB:GH3
15%
DE Capital Markets
9.9%
DE Market
1 Year Returns
-56.4%
DB:GH3
-6.8%
DE Capital Markets
-17.5%
DE Market
GH3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenhill (GH3) -2.8% -36.8% -42.3% -56.4% -66.8% -76.7%
DE Capital Markets 15% -18.3% -13.9% -6.8% -25.4% -54.7%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • GH3 underperformed the Capital Markets industry which returned -6.8% over the past year.
  • GH3 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
GH3
Industry
5yr Volatility vs Market

Value

 Is Greenhill undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Greenhill to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenhill.

DB:GH3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $4.48 * 10.7%
$0.48
Book Value of Equity per Share Median Book Value from the past 5 years. $4.48
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GH3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 21%) (217.76%))
1.709
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.709 * 5.44%)
8.91%

Discounted Cash Flow Calculation for DB:GH3 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Greenhill is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:GH3 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.7% – 8.91%) * $4.48)
$0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.08 / (8.91% - -0.39%)
$0.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $4.48 + $0.87
$5.35
DB:GH3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GH3 represents 0.87398x of NYSE:GHL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87398x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 5.35 x 0.87398
€4.68
Value per share (EUR) From above. €4.68
Current discount Discount to share price of €8.60
= -1 x (€8.60 - €4.68) / €4.68
-83.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Greenhill is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Greenhill's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greenhill's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GH3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.46
NYSE:GHL Share Price ** NYSE (2020-03-31) in USD $9.84
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.26x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Greenhill.

DB:GH3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GHL Share Price ÷ EPS (both in USD)

= 9.84 ÷ 0.46

21.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenhill is good value based on earnings compared to the DE Capital Markets industry average.
  • Greenhill is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Greenhill's expected growth come at a high price?
Raw Data
DB:GH3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.62x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Greenhill, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Greenhill's assets?
Raw Data
DB:GH3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.43
NYSE:GHL Share Price * NYSE (2020-03-31) in USD $9.84
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.56x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:GH3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GHL Share Price ÷ Book Value per Share (both in USD)

= 9.84 ÷ 2.43

4.04x

* Primary Listing of Greenhill.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenhill is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Greenhill's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Greenhill has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Greenhill expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.6%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Greenhill expected to grow at an attractive rate?
  • Greenhill's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Greenhill's earnings growth is expected to exceed the Germany market average.
  • Greenhill's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GH3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GH3 Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 25.6%
DB:GH3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 9.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 38.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GH3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GH3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 351 1
2021-12-31 350 4
2020-12-31 336 4
2020-03-31
DB:GH3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 274 14 11
2019-09-30 255 58 -2
2019-06-30 255 62 -6
2019-03-31 293 94 17
2018-12-31 330 116 39
2018-09-30 308 65 2
2018-06-30 275 18 -15
2018-03-31 258 24 -20
2017-12-31 232 15 -27
2017-09-30 271 70 23
2017-06-30 299 91 42
2017-03-31 322 94 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Greenhill's earnings are expected to grow significantly at over 20% yearly.
  • Greenhill's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GH3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Greenhill Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GH3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.02 2.02 2.02 1.00
2021-12-31 2.01 2.01 2.01 1.00
2020-12-31 1.93 1.93 1.93 1.00
2020-03-31
DB:GH3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.46
2019-09-30 -0.08
2019-06-30 -0.23
2019-03-31 0.69
2018-12-31 1.46
2018-09-30 0.07
2018-06-30 -0.50
2018-03-31 -0.62
2017-12-31 -0.83
2017-09-30 0.72
2017-06-30 1.31
2017-03-31 1.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Greenhill will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Greenhill's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Greenhill has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Greenhill performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Greenhill's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Greenhill's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Greenhill's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Greenhill's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Greenhill's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greenhill Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GH3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 273.59 10.98 211.25
2019-09-30 255.37 -2.03 216.67
2019-06-30 255.17 -5.74 220.71
2019-03-31 292.61 17.47 223.27
2018-12-31 329.55 39.22 227.59
2018-09-30 308.47 1.86 217.51
2018-06-30 274.58 -15.27 206.24
2018-03-31 258.16 -19.54 196.18
2017-12-31 231.98 -26.65 189.13
2017-09-30 270.62 23.25 200.71
2017-06-30 299.08 42.28 203.96
2017-03-31 322.28 55.66 208.56
2016-12-31 332.29 60.76 208.88
2016-09-30 306.44 44.99 198.77
2016-06-30 280.73 32.56 189.03
2016-03-31 263.60 22.35 185.14
2015-12-31 259.08 25.60 175.13
2015-09-30 260.51 32.93 169.44
2015-06-30 302.14 52.12 183.97
2015-03-31 292.30 50.75 178.52
2014-12-31 274.00 43.39 172.19
2014-09-30 273.71 43.95 174.75
2014-06-30 226.42 25.87 155.39
2014-03-31 250.15 33.30 165.91
2013-12-31 286.16 46.68 179.19
2013-09-30 302.11 46.03 187.20
2013-06-30 320.32 52.82 193.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Greenhill has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Greenhill used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Greenhill improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Greenhill's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Greenhill has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Greenhill's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Greenhill's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greenhill is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Greenhill's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Greenhill's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Greenhill Company Filings, last reported 3 months ago.

DB:GH3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 44.68 358.00 104.21
2019-09-30 28.35 357.55 107.79
2019-06-30 22.83 366.48 100.03
2019-03-31 32.12 311.31 76.66
2018-12-31 62.36 319.48 152.59
2018-09-30 62.68 327.65 121.58
2018-06-30 102.57 331.45 145.46
2018-03-31 178.01 335.25 204.28
2017-12-31 208.30 339.05 263.77
2017-09-30 292.82 83.78 46.38
2017-06-30 280.60 79.90 63.62
2017-03-31 278.98 90.88 47.74
2016-12-31 291.18 80.95 94.06
2016-09-30 282.20 79.38 50.87
2016-06-30 279.78 77.40 58.90
2016-03-31 270.88 88.85 50.67
2015-12-31 283.36 73.55 65.22
2015-09-30 276.31 78.67 30.65
2015-06-30 288.61 72.50 41.62
2015-03-31 236.23 34.70 28.84
2014-12-31 256.24 35.60 44.75
2014-09-30 257.72 39.20 32.27
2014-06-30 255.86 37.45 24.26
2014-03-31 251.82 36.25 31.82
2013-12-31 277.71 30.85 37.58
2013-09-30 267.99 36.35 36.12
2013-06-30 271.65 32.25 54.40
  • Greenhill's level of debt (801.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (13.9% vs 801.3% today).
  • Debt is not well covered by operating cash flow (4%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Greenhill's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Greenhill's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greenhill has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Greenhill's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.03%
Current annual income from Greenhill dividends. Estimated to be 2.44% next year.
If you bought €2,000 of Greenhill shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Greenhill's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Greenhill's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GH3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GH3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.32 1.00
2021-12-31 0.24 2.00
2020-12-31 0.20 2.00
2020-03-31
DB:GH3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-02 0.200 2.012
2020-02-04 0.200 1.147
2019-11-07 0.200 1.191
2019-11-05 0.200 1.099
2019-08-05 0.200 1.393
2019-07-31 0.200 1.388
2019-05-10 0.200 1.324
2019-04-29 0.200 1.000
2019-03-01 0.200 0.892
2019-01-30 0.200 0.814
2018-08-07 0.200 0.768
2018-08-02 0.200 0.613
2018-05-10 0.200 0.694
2018-05-03 0.200 0.816
2018-02-28 0.200 1.020
2018-02-06 0.200 1.025
2017-11-09 0.200 1.041
2017-10-18 0.200 1.115
2017-08-09 1.800 11.557
2017-07-27 1.800 10.080
2017-05-08 1.800 8.642
2017-04-27 1.800 7.062
2017-02-28 1.800 6.314
2017-01-26 1.800 6.057
2016-10-26 1.800 6.689
2016-10-24 1.800 7.600
2016-08-08 1.800 7.981
2016-07-26 1.800 9.179
2016-05-05 1.800 9.526
2016-04-20 1.800 8.448
2016-02-26 1.800 8.362
2016-01-27 1.800 7.746
2015-11-04 1.800 7.104
2015-10-22 1.800 6.800
2015-08-05 1.800 5.595
2015-07-23 1.800 4.568
2015-05-08 1.800 4.472
2015-04-23 1.800 4.412
2014-10-23 1.800 4.384
2014-04-23 1.800 3.779
2013-10-17 1.800 3.386
2013-04-19 1.800 3.730
2013-04-17 1.800 3.829
2012-10-17 1.800 3.380
2012-07-18 1.800 4.021
2012-04-18 1.800 5.073
2012-01-25 1.800 4.047
2011-10-19 1.800 4.747
2011-07-18 1.800 5.141
2011-04-20 1.800 3.322
2011-01-26 1.800 2.668
2010-10-20 1.800 2.266
2010-07-21 1.800 2.447
2010-04-21 1.800 2.589
2010-01-27 1.800 2.257
2009-10-22 1.800 2.180
2009-07-23 1.800 2.221
2009-04-23 1.800 2.429

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Greenhill's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.3x coverage).
X
Income/ dividend checks
We assess Greenhill's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Greenhill afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greenhill has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Greenhill's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Bok
COMPENSATION $4,890,427
AGE 59
TENURE AS CEO 12.4 years
CEO Bio

Mr. Scott Lee Bok, J.D. is Chairman & CEO of Greenhill & Co., LLC. He previously served as Chief Executive Officer and earlier as Co-President. In addition, he has been a Director of Greenhill & Co., Inc. since its incorporation in 2004. He joined Greenhill as a Managing Director in February 1997. He serves as President of Greenhill & Co. International LLP. Before joining Greenhill, he was a Managing Director in the mergers, acquisitions and restructuring department of Morgan Stanley, where he worked from 1986 to 1997, based in New York and London. From 1984 to 1986, he practiced mergers and acquisitions and securities law at Wachtell, Lipton, Rosen & Katz in New York. He holds a JD from the University of Pennsylvania Law School and a BS in Economics from The Wharton School of the University of Pennsylvania. He serves on the Board of Trustees of the University of Pennsylvania and of the American Museum of Natural History and is Chairman of the Board of Prep for Prep.

CEO Compensation
  • Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Scott's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Greenhill management team in years:

4.7
Average Tenure
54
Average Age
  • The tenure for the Greenhill management team is about average.
Management Team

Scott Bok

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
59
TENURE
12.4 yrs

David Wyles

TITLE
President
COMPENSATION
$3M
AGE
50
TENURE
4.7 yrs

Kevin Costantino

TITLE
President & Co-Head of U.S. M&A
COMPENSATION
$2M
AGE
42
TENURE
4.7 yrs

Hal Rodriguez

TITLE
MD, COO & CFO
COMPENSATION
$2M
AGE
63
TENURE
3.6 yrs

Richard Jacobsen

TITLE
MD & Head of Healthcare Services
AGE
58

Patrick Suehnholz

TITLE
MD, Director of Investor Relations & COO of Investment Banking
TENURE
2.4 yrs

John Shaffer

TITLE
Chief Information Officer
TENURE
19.2 yrs

Gitanjali Faleiro

TITLE
MD, General Counsel & Corporate Secretary
AGE
41
TENURE
0.4 yrs

James Babski

TITLE
Co-Head of Financial Technology Corporate Advisory- New York & MD of New York
TENURE
6.2 yrs

Michael Cramer

TITLE
Head of European Industrial Corporate Advisory- Frankfurt & MD of Frankfurt
TENURE
7.2 yrs
Board of Directors Tenure

Average tenure and age of the Greenhill board of directors in years:

3.4
Average Tenure
69
Average Age
  • The tenure for the Greenhill board of directors is about average.
Board of Directors

Bob Greenhill

TITLE
Founder & Chairman Emeritus
AGE
82

Scott Bok

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
59
TENURE
0.8 yrs

Stephen Key

TITLE
Independent Director
COMPENSATION
$140K
AGE
75
TENURE
15.8 yrs

Steven Goldstone

TITLE
Lead Independent Director
COMPENSATION
$125K
AGE
73
TENURE
4.2 yrs

Karen Robards

TITLE
Independent Director
COMPENSATION
$125K
AGE
69
TENURE
6.8 yrs

John Liu

TITLE
Independent Director
COMPENSATION
$125K
AGE
51
TENURE
2.7 yrs

Meryl Hartzband

TITLE
Independent Director
COMPENSATION
$125K
AGE
64
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Aug 19 Buy Scott Bok Individual 22. Aug 19 23. Aug 19 36,761 €12.33 €452,557
07. Aug 19 Buy Scott Bok Individual 05. Aug 19 06. Aug 19 139,220 €12.99 €1,785,083
X
Management checks
We assess Greenhill's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Greenhill has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Greenhill & Co., Inc., an independent investment bank, provides financial and strategic advisory services to corporations, partnerships, institutions, and governments worldwide. The company offers advisory services to clients in relation to mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of a transaction’s life cycle ranging from initial structuring and negotiation to final execution. It also advises clients on strategic matters, including activist response, defensive tactics, special committee projects, licensing deals, and joint ventures; and valuation, negotiation tactics, industry dynamics, structuring alternatives, and timing and pricing of transactions, as well as financing alternatives. In addition, the company provides debt restructuring advisory services to debtors, creditors, governments, pension funds and other stakeholders, and acquirers of distressed companies and assets; and advice on restructuring alternatives, capital structures, and sales or recapitalizations. Further, it assists clients in identifying and capitalizing on incremental sources of value; and who seek court-assisted reorganizations by developing and seeking approval for plans of reorganization, as well as the implementation of such plans. Additionally, the company advises on other financing matters, including debt issuances, equity financings, and exchange offers; and initial public offerings and other equity capital market transactions. It also offers financial advisory services to pension funds, endowments, and other institutional investors on transactions involving alternative assets; and advice to alternative asset fund sponsors for capital raising, financing, liquidity options, and related services. Greenhill & Co., Inc. was founded in 1996 and is headquartered in New York, New York.

Details
Name: Greenhill & Co., Inc.
GH3
Exchange: DB
Founded: 1996
$161,810,207
$167,425,072
18,771,782
Website: http://www.greenhill.com
Address: Greenhill & Co., Inc.
300 Park Avenue,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GHL Common Stock New York Stock Exchange US USD 06. May 2004
DB GH3 Common Stock Deutsche Boerse AG DE EUR 06. May 2004
BRSE GH3 Common Stock Berne Stock Exchange CH CHF 06. May 2004
Number of employees
Current staff
Staff numbers
405
Greenhill employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:48
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.