DHIL Intrinsic Value – DIAMOND HILL INVESTMENT Announces Fiscal Year 2023 Second Quarter Earnings Results
August 8, 2023
☀️Earnings Overview
On August 3 2023, DIAMOND HILL INVESTMENT ($NASDAQ:DHIL) announced its earnings results for the fiscal year 2023 second quarter, ending June 30 2023. Total revenue in the quarter was USD 33.4 million, a 14.5% drop from the same period in the prior year. Net income, however, rose by 113.8% to USD 9.4 million year over year.
Market Price
The company’s stock opened at 179.0 and closed at 179.6, representing a slight decrease of 0.2% from the previous closing price of 180.0. In response to the announcement, several analysts predicted that DIAMOND HILL INVESTMENT’s stock price could rise in the coming weeks and months due to its strong financial performance and increased dividend payouts. Overall, DIAMOND HILL INVESTMENT’s second quarter earnings report was a success, demonstrating the company’s commitment to providing returns to its stakeholders and investors. With plans in place to further increase their dividend payouts, DIAMOND HILL INVESTMENT is well-positioned for future success and growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DHIL. More…
| Total Revenues | Net Income | Net Margin |
| 140.56 | 49.03 | 24.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DHIL. More…
| Operations | Investing | Financing |
| 37.13 | 3.13 | -60.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DHIL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 240.62 | 53.93 | 55.57 |
Key Ratios Snapshot
Some of the financial key ratios for DHIL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | -5.7% | 31.1% |
| FCF Margin | ROE | ROA |
| 26.3% | 16.4% | 11.4% |
Analysis – DHIL Intrinsic Value
At GoodWhale, we have conducted an analysis of DIAMOND HILL INVESTMENT’s wellbeing. Our proprietary Valuation Line has determined that the fair value of DIAMOND HILL INVESTMENT’s stock is around $235.0. However, in the current market, DIAMOND HILL INVESTMENT’s stock is being traded at $179.6 – representing a 23.6% discount to its fair value. This means that now is an ideal time for investors to purchase DIAMOND HILL INVESTMENT’s stock. More…
Peers
The competition between Diamond Hill Investment Group Inc and its competitors is intense. Each company is striving to be the best in the industry, and they are all fighting for market share. Their competitors are also large and well-established firms that are constantly looking for ways to improve their services.
– Pzena Investment Management Inc ($NYSE:PZN)
Pzena Investment Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional and retail clients. It launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm also manages hedge funds for its clients. It invests in the public equity and fixed income markets across the globe. Pzena Investment Management Inc was founded in 1995 and is based in New York City, New York.
– Nippon Life India Asset Management Ltd ($BSE:540767)
Nippon Life India Asset Management Ltd. is an asset management company. The Company’s principal activities include providing investment management and advisory services. Nippon Life India Asset Management Ltd. is based in Mumbai, India.
– US Global Investors Inc ($NASDAQ:GROW)
US Global Investors Inc is a publicly traded holding company with a focus on global asset management. The company’s primary asset is US Global Investors Funds, a family of mutual funds. US Global also offers other investment products and services, including ETFs, hedge funds, private equity, and real estate. The company was founded in 1984 and is headquartered in San Antonio, Texas.
Summary
DIAMOND HILL INVESTMENT reported its fiscal year 2023 second quarter earnings results on August 3, 2023. Total revenue for the quarter ending June 30, 2023 decreased by 14.5% year over year to USD 33.4 million. On the other hand, net income increased to USD 9.4 million, a 113.8% increase compared to the same period in the previous year.
This suggests that although revenue dropped, the company was able to improve its profitability by cutting costs and increasing efficiency. Investors should keep an eye on DIAMOND HILL INVESTMENT to see if this trend continues into the future.
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