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Evercore

DB:QGJ
Snowflake Description

6 star dividend payer and good value.

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

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Evercore has significant price volatility in the past 3 months.
QGJ Share Price and Events
7 Day Returns
-1.9%
DB:QGJ
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-49.8%
DB:QGJ
-11.8%
DE Capital Markets
-20.4%
DE Market
QGJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evercore (QGJ) -1.9% -32.1% -38.7% -49.8% -40.2% -5.1%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • QGJ underperformed the Capital Markets industry which returned -11.8% over the past year.
  • QGJ underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
QGJ
Industry
5yr Volatility vs Market

QGJ Value

 Is Evercore 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 Evercore 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 Evercore.

DB:QGJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $33.80 * 39.5%
$13.34
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $33.80
Discount Rate (Cost of Equity) See below 4.9%
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:QGJ
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 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (33.07%))
0.966
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.966 * 5.44%)
4.87%

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

The calculations below outline how an intrinsic value for Evercore 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:QGJ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (39.5% – 4.87%) * $33.80)
$11.69
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $11.69 / (4.87% - -0.39%)
$222.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $33.80 + $222.42
$256.22
DB:QGJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:QGJ represents 0.9075x of NYSE:EVR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9075x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 256.22 x 0.9075
€232.52
Value per share (EUR) From above. €232.52
Current discount Discount to share price of €41.40
= -1 x (€41.40 - €232.52) / €232.52
82.2%

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

Current Discount
Amount off the current price Evercore is available for.
Intrinsic value
>50%
Share price is €41.4 vs Future cash flow value of €232.52
Current Discount Checks
For Evercore to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evercore's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Evercore's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Evercore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evercore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QGJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $7.44
NYSE:EVR Share Price ** NYSE (2020-04-01) in USD $45.62
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Evercore.

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

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

= 45.62 ÷ 7.44

6.13x

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

  • Evercore is good value based on earnings compared to the DE Capital Markets industry average.
  • Evercore is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Evercore's expected growth come at a high price?
Raw Data
DB:QGJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
4.7%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:QGJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.13x ÷ 4.7%

1.29x

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

  • Evercore is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Evercore's assets?
Raw Data
DB:QGJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $22.20
NYSE:EVR Share Price * NYSE (2020-04-01) in USD $45.62
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:QGJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 45.62 ÷ 22.20

2.05x

* Primary Listing of Evercore.

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

  • Evercore is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Evercore'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. Evercore has a total score of 4/6, 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.

QGJ Future Performance

 How is Evercore expected to perform in the next 1 to 3 years based on estimates from 8 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
4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evercore expected to grow at an attractive rate?
  • Evercore's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Evercore's earnings growth is positive but not above the Germany market average.
  • Evercore's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:QGJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:QGJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 4.7%
DB:QGJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.5%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:QGJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QGJ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,293 324 2
2021-12-31 2,135 637 303 6
2020-12-31 2,165 652 216 5
2020-04-02
DB:QGJ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,009 505 297
2019-09-30 2,120 630 356
2019-06-30 2,099 540 362
2019-03-31 2,016 478 349
2018-12-31 2,065 850 377
2018-09-30 1,764 492 195
2018-06-30 1,790 526 191
2018-03-31 1,712 548 140
2017-12-31 1,635 507 125
2017-09-30 1,609 497 188
2017-06-30 1,589 564 177
2017-03-31 1,569 453 183

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evercore's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
  • Evercore's revenue is expected to grow by 3.5% 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:QGJ 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 8 Analyst Estimates (S&P Global) See Below

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

DB:QGJ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6.80 6.80 6.80 1.00
2021-12-31 6.62 6.87 6.37 2.00
2020-12-31 4.52 5.55 3.48 2.00
2020-04-02
DB:QGJ Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 7.44
2019-09-30 8.84
2019-06-30 8.93
2019-03-31 8.59
2018-12-31 9.29
2018-09-30 4.83
2018-06-30 4.80
2018-03-31 3.54
2017-12-31 3.16
2017-09-30 4.75
2017-06-30 4.47
2017-03-31 4.64

*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.
  • Evercore is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Evercore'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.
Evercore has a total score of 2/6, 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.

QGJ Past Performance

  How has Evercore 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 Evercore'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.
  • Evercore has delivered over 20% year on year earnings growth in the past 5 years.
  • Evercore's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Evercore's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Evercore'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 Evercore Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QGJ 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 2,008.70 297.44 1,351.11
2019-09-30 2,119.98 355.56 1,387.96
2019-06-30 2,099.04 361.74 1,368.26
2019-03-31 2,016.47 348.93 1,316.26
2018-12-31 2,064.71 377.24 1,338.54
2018-09-30 1,764.25 194.52 1,174.32
2018-06-30 1,789.60 190.97 1,189.94
2018-03-31 1,711.59 140.23 1,149.39
2017-12-31 1,635.27 125.45 1,079.82
2017-09-30 1,609.28 188.29 1,068.61
2017-06-30 1,588.99 177.08 1,052.23
2017-03-31 1,569.18 182.98 1,037.55
2016-12-31 1,440.05 107.53 1,002.30
2016-09-30 1,402.93 84.70 988.23
2016-06-30 1,325.56 57.20 950.97
2016-03-31 1,243.00 43.88 902.35
2015-12-31 1,223.27 42.86 885.16
2015-09-30 1,136.92 49.99 820.04
2015-06-30 1,055.13 67.11 754.37
2015-03-31 1,004.73 80.61 706.24
2014-12-31 915.86 86.87 628.21
2014-09-30 812.64 76.06 561.90
2014-06-30 772.81 67.52 538.78
2014-03-31 761.91 59.71 533.56
2013-12-31 765.43 55.98 541.03
2013-09-30 760.81 58.07 537.53
2013-06-30 726.51 47.58 518.02

*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.
  • Evercore has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Evercore used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Evercore 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 Evercore'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.
Evercore has a total score of 3/6, 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.

QGJ Health

 How is Evercore'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 Evercore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evercore is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evercore's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evercore'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 covered by short term assets, assets are 3.5x 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 Evercore Company Filings, last reported 3 months ago.

DB:QGJ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,126.25 401.06 659.81
2019-09-30 1,003.29 397.59 329.78
2019-06-30 974.84 194.53 400.09
2019-03-31 1,005.96 224.23 363.91
2018-12-31 1,007.94 193.69 815.64
2018-09-30 899.40 194.67 451.26
2018-06-30 851.00 197.88 433.32
2018-03-31 774.33 200.99 440.20
2017-12-31 796.37 205.17 639.61
2017-09-30 727.99 208.99 483.96
2017-06-30 699.10 211.56 456.94
2017-03-31 784.48 214.08 396.80
2016-12-31 783.33 215.80 599.84
2016-09-30 699.97 215.34 486.96
2016-06-30 643.10 218.81 291.76
2016-03-31 638.63 276.05 337.29
2015-12-31 707.22 185.80 502.90
2015-09-30 689.39 181.40 340.35
2015-06-30 687.48 208.62 340.02
2015-03-31 675.68 268.06 330.68
2014-12-31 716.25 234.28 468.72
2014-09-30 618.79 204.24 348.64
2014-06-30 615.36 181.08 280.07
2014-03-31 587.09 182.54 213.01
2013-12-31 599.96 178.79 384.10
2013-09-30 553.46 194.86 345.94
2013-06-30 520.66 185.21 240.40
  • Evercore's level of debt (35.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.8% vs 35.6% today).
  • Debt is well covered by operating cash flow (125.8%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Evercore's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Evercore'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. Evercore has a total score of 4/6, 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.

QGJ Dividends

 What is Evercore'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
5.09%
Current annual income from Evercore dividends. Estimated to be 5.67% next year.
If you bought €2,000 of Evercore shares you are expected to receive €102 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?
  • Evercore's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Evercore's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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:QGJ 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 8 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
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 4.9%

Industry and Market average data is calculated daily.

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

DB:QGJ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.81 2.00
2021-12-31 2.62 5.00
2020-12-31 2.47 5.00
2020-04-02
DB:QGJ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-29 2.320 3.967
2019-10-31 2.320 3.048
2019-10-23 2.320 3.117
2019-08-01 2.320 2.946
2019-07-24 2.320 2.657
2019-05-02 2.320 2.675
2019-04-24 2.320 2.415
2019-02-22 2.000 2.173
2019-01-30 2.000 2.207
2018-11-01 2.000 2.545
2018-10-24 2.000 2.442
2018-08-01 2.000 1.969
2018-07-25 2.000 1.776
2018-05-02 2.000 1.849
2018-04-25 2.000 1.978
2018-01-31 1.600 1.719
2017-11-02 1.600 1.795
2017-10-26 1.600 2.022
2017-08-01 1.360 1.781
2017-07-27 1.360 1.732
2017-05-09 1.360 1.898
2017-04-26 1.360 1.827
2017-02-01 1.360 1.733
2016-11-02 1.360 1.994
2016-10-26 1.360 2.517
2016-08-04 1.240 2.398
2016-07-27 1.240 2.463
2016-05-05 1.240 2.542
2016-04-27 1.240 2.442
2016-02-24 1.240 2.478
2016-02-03 1.240 2.704
2015-11-02 1.240 2.404
2015-08-05 1.120 2.117
2015-07-22 1.120 1.924
2015-05-06 1.120 2.112
2015-04-22 1.120 2.260
2015-02-27 1.120 2.219
2015-02-04 1.120 2.163
2014-11-06 1.120 2.213
2014-10-22 1.120 2.226
2014-07-23 1.000 2.020
2014-04-23 1.000 1.798
2014-01-29 1.000 1.819
2013-10-23 1.000 1.790
2013-07-24 0.880 1.837
2013-04-24 0.880 2.226
2013-01-30 0.880 2.207
2012-10-25 0.880 2.987
2012-08-08 0.800 3.063
2012-07-26 0.800 3.461
2012-04-26 0.800 3.353
2012-02-02 0.800 2.904
2011-10-27 0.800 2.951
2011-07-28 0.720 2.999
2011-04-28 0.720 2.129
2011-02-02 0.720 2.136
2010-10-28 0.720 2.201
2010-08-03 0.600 2.235
2010-05-05 0.600 2.218
2010-04-20 0.600 1.670
2010-02-02 0.600 1.919
2009-10-28 0.600 1.902
2009-07-29 0.480 1.846
2009-04-30 0.480 2.572

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Evercore's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Evercore'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 Evercore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evercore has a total score of 6/6, see the detailed checks below.


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

QGJ Management

 What is the CEO of Evercore'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
Ralph Schlosstein
COMPENSATION $7,951,012
AGE 68
TENURE AS CEO 10.9 years
CEO Bio

Mr. Ralph Lewis Schlosstein is President and Chief Executive Officer of Evercore, a position he has held since May 2009. Prior to joining Evercore, Mr. Schlosstein was the Chief Executive Officer of HighView Investment Group. Prior to forming HighView in 2008, Mr. Schlosstein was for almost twenty years the President of BlackRock. Mr. Schlosstein co-founded BlackRock in 1988, was a director since the company went public in 1999. Prior to founding BlackRock in 1988, Mr. Schlosstein was a Managing Director in Investment Banking at Lehman Brothers. While at Lehman, Mr. Schlosstein started the firm's interest rate swap business and led its Mortgage and Savings Institutions Group. From 1977 to 1981, Mr. Schlosstein worked for the Federal government. Initially, he was Deputy to the Assistant Secretary of the Treasury Department. In mid 1977, he became Associate Director of The White House Domestic Policy Staff where he was responsible for advising President Carter on urban policy, economic development and housing issues, as well as the Chrysler loan guarantee program. From 1974 to 1977. Mr. Schlosstein is a Trustee of New Visions for Public Education, a Trustee of the Lincoln Center for the Performing Arts and a member of The Council on Foreign Relations. Previously, Mr. Schlosstein was a Director of Pulte Corporation, the nation's largest homebuilder, a member of the Visiting Board of Overseers of the John F. Kennedy School of Government at Harvard University, a Trustee of Denison University, a Trustee of Trinity School in New York City, a Trustee of the American Museum of Natural History and a Trustee of The Public Theater in New York City. He earned a BA degree in economics, cum laude, from Denison University in 1972, and completed his coursework for a Masters of Public Policy from the Graduate School of Public and International Affairs at the University of Pittsburgh.

CEO Compensation
  • Ralph's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ralph's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

12.8
Average Tenure
62
Average Age
  • The average tenure for the Evercore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Weinberg

TITLE
Executive Chairman
COMPENSATION
$8M
AGE
62

Ralph Schlosstein

TITLE
President
COMPENSATION
$8M
AGE
68
TENURE
10.9 yrs

Roger Altman

TITLE
Founder & Senior Chairman
COMPENSATION
$9M
AGE
73
TENURE
25.3 yrs

Bob Walsh

TITLE
Executive VP
COMPENSATION
$3M
AGE
62
TENURE
12.8 yrs

Andrew Sibbald

TITLE
Chairman Investment Banking of Europe
COMPENSATION
$4M
AGE
52

Paul Pensa

TITLE
Senior MD

Christopher Sanger

TITLE
Managing Director

Chris Turek

TITLE
Senior MD

Jason Klurfeld

TITLE
Senior MD
AGE
46

Liz Lynch

TITLE
Senior MD & Head of Human Capital Group
Board of Directors Tenure

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

5.3
Average Tenure
68
Average Age
  • The tenure for the Evercore board of directors is about average.
Board of Directors

Ralph Schlosstein

TITLE
President
COMPENSATION
$8M
AGE
68
TENURE
10.9 yrs

Roger Altman

TITLE
Founder & Senior Chairman
COMPENSATION
$9M
AGE
73
TENURE
3.4 yrs

Walter Kuna

TITLE
Senior MD of German Advisory Business and Chairman of Evercore Germany

Gail Harris

TITLE
Lead Director
COMPENSATION
$202K
AGE
66

John Weinberg

TITLE
Executive Chairman
COMPENSATION
$8M
AGE
62
TENURE
3.4 yrs

Robert Millard

TITLE
Independent Director
COMPENSATION
$202K
AGE
68
TENURE
7.8 yrs

Bill Wheeler

TITLE
Independent Director
COMPENSATION
$202K
AGE
57
TENURE
5.2 yrs

Dick Beattie

TITLE
Independent Director
COMPENSATION
$182K
AGE
80
TENURE
10.2 yrs

Mike Overlock

TITLE
Independent Director
COMPENSATION
$182K
AGE
73
TENURE
5.5 yrs

Simon Robertson

TITLE
Independent Director
COMPENSATION
$182K
AGE
77
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Evercore individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 20 Buy Robert Walsh Individual 10. Mar 20 10. Mar 20 3,500 €49.17 €172,110
09. Mar 20 Buy Robert Walsh Individual 05. Mar 20 06. Mar 20 7,500 €55.51 €414,231
21. Feb 20 Sell Jason Klurfeld Individual 19. Feb 20 19. Feb 20 -1,540 €75.96 €-116,973
10. Feb 20 Sell Paul Pensa Individual 06. Feb 20 06. Feb 20 -1,104 €73.76 €-81,427
X
Management checks
We assess Evercore'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. Evercore 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.

QGJ News

Simply Wall St News

QGJ Company Info

Description

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 and Investment Management. The Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, restructurings, shareholder activism and defense, and related corporate finance matters; and services related to securities underwriting, private placement services, and commissions for agency-based equity trading services and equity research. This segment also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers; and macroeconomic, policy, and fundamental equity research and agency-based equity securities trading for institutional investors. In addition, it engages in the provision of capital markets advisory services and advisory services focused on secondary transactions for private funds interests; and raising funds for financial sponsors. The Investment Management segment offers investment advisory, wealth management, and fiduciary services for high net-worth individuals and related entities; and institutional asset management services, including financial assets management services for institutional investors. It also holds interests in private equity funds; and provides trust services. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.

Details
Name: Evercore Inc.
QGJ
Exchange: DB
Founded: 1995
$1,793,147,707
$1,687,181,425
43,193,599
Website: http://www.evercore.com
Address: Evercore Inc.
55 East 52nd Street,
New York,
New York, 10055,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EVR Class A Common Stock New York Stock Exchange US USD 11. Aug 2006
DB QGJ Class A Common Stock Deutsche Boerse AG DE EUR 11. Aug 2006
BRSE QGJ Class A Common Stock Berne Stock Exchange CH CHF 11. Aug 2006
BMV EVR * Class A Common Stock Bolsa Mexicana de Valores MX MXN 11. Aug 2006
Number of employees
Current staff
Staff numbers
1,900
Evercore employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 04:26
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/25
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.