Gcm Grosvenor Intrinsic Value – GCM GROSVENOR Reports Third Quarter Fiscal Year 2023 Financial Results
November 20, 2023
🌥️Earnings Overview
On September 30 2023, GCM GROSVENOR ($NASDAQ:GCMG) released its financial results for the third quarter of fiscal year 2023, with total revenue for the quarter amounting to USD 124.4 million, a 7.8% decrease from the same quarter in the prior year. Net income for the quarter, however, rose 90.3% from the same quarter the year before, reaching USD 5.9 million.
Share Price
The stock opened at $8.6 and closed at $8.6, down by 0.5% from its prior closing price of 8.6. The company noted that the performance was driven by strong investment returns across all asset classes and a shift to higher-margin business lines. This was driven by strong inflows into its private equity and real estate strategies, which helped offset outflows from its traditional asset classes.
Overall, GCM GROSVENOR had a solid quarter with strong revenue growth, higher profits, and increased assets under management. The company is optimistic about its future prospects, and is confident that its focus on providing value-added services to its clients will continue to drive growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gcm Grosvenor. More…
| Total Revenues | Net Income | Net Margin |
| 442.08 | 13.91 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gcm Grosvenor. More…
| Operations | Investing | Financing |
| 121.97 | -12.77 | -155.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gcm Grosvenor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 504.72 | 598.41 | -0.58 |
Key Ratios Snapshot
Some of the financial key ratios for Gcm Grosvenor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | -0.8% | 2.4% |
| FCF Margin | ROE | ROA |
| 27.4% | -26.7% | 1.3% |
Analysis – Gcm Grosvenor Intrinsic Value
At GoodWhale, we have conducted an in-depth analysis of the fundamentals of GCM GROSVENOR. Using our proprietary Valuation Line, we have determined that the intrinsic value of a single share of GCM GROSVENOR is around $8.4. Currently, the stock is trading at $8.6, making it overvalued by 2.5%. Therefore, our assessment is that the current price represents a fair market value for GCM GROSVENOR stock. More…
Peers
GCM Grosvenor Inc is one of the world’s largest independent alternative asset management firms. The company focuses on hedge funds, private equity, real estate, and credit strategies. GCM Grosvenor has over $50 billion in assets under management. The company was founded in 1971 and is headquartered in Chicago, Illinois. GCM Grosvenor’s main competitors are Dea Capital SpA, NAXS AB, and Spice Private Equity AG. These companies are also large alternative asset management firms with a global presence. Each company has a different focus within the alternative asset management space. Dea Capital SpA focuses on private equity and real estate. NAXS AB focuses on hedge funds. Spice Private Equity AG focuses on credit strategies.
– Dea Capital SpA ($LTS:0E40)
Dea Capital SpA is an Italian-based holding company for an investment firm. The company has a market capitalization of 283.04 million as of 2022 and a return on equity of 1.7%. The company focuses its investments in the energy sector, with a particular focus on the oil and gas industry. In addition to its investment activities, Dea Capital SpA is also involved in the management of a number of oil and gas exploration and production companies.
– NAXS AB ($LTS:0OKF)
Naxs AB is a Swedish company that provides software solutions for the financial and healthcare sectors. The company has a market capitalization of 697.89 million as of 2022 and a return on equity of 10.42%. The company’s products include a software platform that helps healthcare providers to manage patient data, as well as a number of software solutions for the financial sector.
Summary
GCM GROSVENOR reported its financial results for the third quarter of fiscal year 2023 with total revenue of USD 124.4 million, a 7.8% decrease from the same period in the prior year. Net income, however, increased by 90.3% to USD 5.9 million. Overall, investors may view this as a positive sign, as the company is able to continue to generate profits despite the decrease in revenue. As such, investors may choose to invest in GCM GROSVENOR as their long-term outlook on the company remains positive.
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