Financials Houlihan Lokey, Inc.

Equities

HLI

US4415931009

Investment Banking & Brokerage Services

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
126.7 USD -0.26% Intraday chart for Houlihan Lokey, Inc. +2.37% +5.66%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,999 3,417 4,586 5,915 6,004 8,757 - -
Enterprise Value (EV) 1 2,722 3,041 3,740 5,915 6,004 8,757 8,757 8,757
P/E ratio 18.9 x 18.6 x 14.6 x 13.7 x 22 x 29.9 x 23.4 x 20.4 x
Yield 2.36% 2.38% 1.95% 1.96% 2.42% 1.74% 1.82% 1.95%
Capitalization / Revenue 2.77 x 2.95 x 3.01 x 2.61 x 3.32 x 4.6 x 3.89 x 3.5 x
EV / Revenue 2.51 x 2.62 x 2.45 x 2.61 x 3.32 x 4.6 x 3.89 x 3.5 x
EV / EBITDA 9.91 x - 8.43 x 8.11 x 13.7 x 20.2 x 16.2 x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.36 x 3.48 x 3.28 x 4.05 x 3.69 x 4.77 x 4.28 x 4.1 x
Nbr of stocks (in thousands) 65,413 65,561 68,951 67,368 68,621 69,113 - -
Reference price 2 45.85 52.12 66.51 87.80 87.49 126.7 126.7 126.7
Announcement Date 5/8/19 5/12/20 5/11/21 5/12/22 5/9/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,084 1,159 1,525 2,270 1,809 1,906 2,252 2,499
EBITDA 1 274.8 - 443.6 729.5 437.4 434.2 540.9 -
EBIT 1 260.3 276.9 432.5 681 424.1 418.4 530.9 614.9
Operating Margin 24% 23.88% 28.35% 30% 23.44% 21.96% 23.58% 24.61%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 159.1 183.8 312.8 437.8 269.2 290.7 374.5 430.5
Net margin 14.67% 15.85% 20.5% 19.28% 14.88% 15.25% 16.63% 17.23%
EPS 2 2.420 2.800 4.550 6.410 3.980 4.241 5.421 6.223
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.080 1.240 1.300 1.720 2.120 2.203 2.311 2.475
Announcement Date 5/8/19 5/12/20 5/11/21 5/12/22 5/9/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 537.3 888.8 471.2 418.6 489.5 456.5 444.8 415.8 467 511.1 509 507.3 543.1 595.9 598.5
EBITDA 1 167.9 303.7 - - - - 106.4 87.63 108.2 119.8 118.7 118.6 130.5 148.6 143.3
EBIT 1 163.5 283.6 122 101.6 116.1 103.1 103.2 84.45 104.4 114.7 115.4 114.2 124.6 143 151.4
Operating Margin 30.44% 31.91% 25.9% 24.27% 23.72% 22.59% 23.21% 20.31% 22.37% 22.43% 22.67% 22.52% 22.94% 24% 25.3%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 112.9 173.7 65.17 70.78 60.73 63.05 74.66 61.39 67.03 70.8 75.68 83.32 90.38 100.3 100.5
Net margin 21.01% 19.55% 13.83% 16.91% 12.41% 13.81% 16.79% 14.76% 14.35% 13.85% 14.87% 16.42% 16.64% 16.84% 16.79%
EPS 2 1.650 2.540 0.9700 1.030 0.8700 0.9000 1.100 0.9000 0.9900 1.040 1.106 1.208 1.307 1.453 1.453
Dividend per Share 2 0.4300 0.4300 0.4300 0.5300 0.5300 0.5252 0.5300 0.5500 0.5500 0.5500 0.5500 0.5800 0.5800 0.5800 0.5800
Announcement Date 10/28/21 2/8/22 5/12/22 7/28/22 10/27/22 1/31/23 5/9/23 7/27/23 10/26/23 2/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 0.54 - 0.01 0.01 0.01
Net Cash position 1 277 376 846 - - - - -
Leverage (Debt/EBITDA) - - - 0.000739 x - 0.000023 x 0.000018 x -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 18.2% 22.5% 26.8% 34.3% 20.5% 17.8% 20.6% 23.3%
ROA (Net income/ Total Assets) 11.2% 13.6% 15.5% 18.3% 10.8% 10.4% 12.8% 14.6%
Assets 1 1,421 1,354 2,023 2,398 2,500 2,803 2,916 2,940
Book Value Per Share 2 13.60 15.00 20.30 21.70 23.70 26.60 29.60 30.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 5/8/19 5/12/20 5/11/21 5/12/22 5/9/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
126.7 USD
Average target price
131.3 USD
Spread / Average Target
+3.66%
Consensus
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