Houlihan Lokey Intrinsic Stock Value – HOULIHAN LOKEY Reports Strong Earnings for First Quarter of FY2024

☀️Earnings Overview

HOULIHAN LOKEY ($NYSE:HLI) reported their earnings results for the first quarter of FY 2024 on June 30, 2023, with total revenue of USD 415.8 million, a decrease of 0.7% from the same quarter of FY 2023. The company’s net income was USD 61.4 million, a year-over-year decrease of 13.3%.

Market Price

The company’s stock opened at $95.5 and ended the day at $99.2, representing a 6.5% drop from its previous closing price of 106.1. With these positive earnings, the company is well-positioned to continue to make significant investments in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Houlihan Lokey. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Houlihan Lokey. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Houlihan Lokey. More…

Key Ratios Snapshot

Some of the financial key ratios for Houlihan Lokey are shown below. More…

Analysis – Houlihan Lokey Intrinsic Stock Value

We at GoodWhale have conducted an analysis of HOULIHAN LOKEY‘s fundamentals and our proprietary Valuation Line indicates that the fair value of HOULIHAN LOKEY shares is around $81.7. However, the current trading price for HOULIHAN LOKEY is $99.2, which is overvalued by 21.4%. More…

Peers

The company competes with Hatcher Group Ltd, Ontic Finserve Ltd, and Harmony Capital Services Ltd.

– Hatcher Group Ltd ($SEHK:08365)

The Watcher Group Ltd is a publicly traded company with a market capitalization of 306.51 million as of 2022. The company has a negative return on equity of -0.0%. The Watcher Group Ltd is engaged in the business of providing security solutions and services. The company offers a range of services including security consulting, security system design and installation, and security system monitoring and maintenance.

– Ontic Finserve Ltd ($BSE:540386)

Ontic Finserve Ltd is a company that provides financial services. It has a market capitalization of 167.41 million as of 2022 and a return on equity of 2.87%. The company offers services such as banking, lending, and investment management. It has a strong presence in the United Kingdom and the United States.

– Harmony Capital Services Ltd ($BSE:530055)

Harmony Capital Services Ltd is a financial services company that provides capital markets and investment banking services. The company has a market cap of 16.69M as of 2022 and a Return on Equity of -1.9%. The company’s main business activities include providing capital markets and investment banking services to clients in the United Arab Emirates and the Middle East region.

Summary

Houlihan Lokey reported a decrease in both total revenue and net income for the first quarter of FY2024 compared to the same quarter in the previous year. Total revenue was USD 415.8 million, a 0.7% decrease, and net income was USD 61.4 million, a 13.3% decrease. The stock price reacted negatively to the news and moved down the same day. Investment analysts have noted that the decrease in total revenue and net income is a cause for concern for investors looking to invest in Houlihan Lokey, as it reflects declining performance in the company.

However, further analysis is needed to determine the underlying reasons for the decline and to assess the potential upside of investing in Houlihan Lokey.