-0.71 | -1.73%
EVERCORE PARTNERS INC's gross profit margin for the first quarter of its fiscal year 2013 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. EVERCORE PARTNERS INC is extremely liquid. Currently, the Quick Ratio is 2.30 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 5.91% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 154.72 | 106.56 |
| EBITDA ($mil) | 21.85 | -2.95 |
| EBIT ($mil) | 18.3 | -8.31 |
| Net Income ($mil) | 5.97 | -3.37 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 244.73 | 272.16 |
| Total Assets ($mil) | 976.49 | 942.12 |
| Total Debt ($mil) | 175.15 | 224.05 |
| Equity ($mil) | 436.45 | 412.08 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 14.12 | -2.77 |
| EBITDA Margin | 14.12 | -2.76 |
| Operating Margin | 11.82 | -7.8 |
| Sales Turnover | 0.72 | 0.57 |
| Return on Assets | 3.91 | 0.0 |
| Return on Equity | 8.75 | 0.22 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 2.43 | 1.99 |
| Debt/Capital | 0.29 | 0.35 |
| Interest Expense | 3.29 | 3.76 |
| Interest Coverage | 5.56 | -2.21 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 31.81 | 29.05 |
| Div / share | 0.22 | 0.2 |
| EPS | 0.16 | -0.12 |
| Book value / share | 13.72 | 14.19 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 455524.0 | 399937.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 28.72 for the Capital Markets industry and a significant premium compared to the S&P 500 average of 18.91. For additional comparison, its price-to-book ratio of 2.77 indicates a premium versus the S&P 500 average of 2.42 and a premium versus the industry average of 1.95. The price-to-sales ratio is above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, EVERCORE PARTNERS INC proves to trade at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EVR 33.35 | Peers 28.72 | EVR 6.53 | Peers 22.96 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. EVR is trading at a premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. EVR is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| EVR 14.77 | Peers 16.15 | EVR 0.26 | Peers 1.41 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. EVR is trading at a premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. EVR trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
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| EVR 2.77 | Peers 1.95 | EVR 5600.00 | Peers 69.87 | |||||||||||||||||||||
|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. EVR is trading at a significant premium to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. EVR is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| EVR 1.71 | Peers 5.79 | EVR 31.19 | Peers 11.39 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. EVR is trading at a significant discount to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. EVR has a sales growth rate that significantly exceeds its peers. |
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