Moelis Stock Fair Value Calculator – Morgan Stanley Analyst Reiterates Underweight Rating for Moelis, Maintains $29 Price Target
July 5, 2023
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On June 27th, 2023, Ryan Kenny, an analyst at Morgan Stanley, reiterated his Underweight rating for Moelis ($NYSE:MC) and kept the price target at $29. Moelis is a global investment bank that provides financial advisory services to corporations, governments, and financial sponsors. Kenny noted that although Moelis has seen some improvement in its second-quarter performance due to an increase in revenue from restructuring and capital markets activities, the company is still facing macroeconomic and market headwinds.
Kenny believes that these factors will weigh heavily on Moelis’ stock price in the near term. As such, he maintains his Underweight rating and $29 price target.
Stock Price
His underweight rating came despite the slight rise in Moelis‘ stock price. However, Cyprys believes that Moelis stock has yet to reach its true market value and that it still has some way to go before it is at its full potential. Despite this, he is optimistic about the future of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Moelis. More…
| Total Revenues | Net Income | Net Margin |
| 871.03 | 88.3 | 10.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Moelis. More…
| Operations | Investing | Financing |
| 32.99 | -11.18 | -326.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Moelis. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.22k | 757.93 | 6.95 |
Key Ratios Snapshot
Some of the financial key ratios for Moelis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | -1.1% | 14.4% |
| FCF Margin | ROE | ROA |
| 3.1% | 17.6% | 6.4% |
Analysis – Moelis Stock Fair Value Calculator
At GoodWhale, we recently conducted an analysis on MOELIS‘s wellbeing. Using our proprietary Valuation Line, our team calculated the fair value of MOELIS share to be around $51.1. Currently, MOELIS stock is traded at $45.5 – a fair price that is undervalued by 10.9%. Given this opportunity, we recommend investors to take advantage of MOELIS’s undervalued stock by investing in the company at this stage. More…
Peers
The competition between Moelis & Co and its competitors – Computershare Ltd, Numis Corp PLC, and Evercore Inc – is intense. Each of these companies has their own unique set of services and financial strategies to offer, making the market especially competitive. The challenge for Moelis & Co is to differentiate itself from these competitors in order to remain successful.
– Computershare Ltd ($ASX:CPU)
Computershare Limited is a global financial services provider headquartered in Melbourne, Australia. The company provides a range of services for the investment, corporate and mortgage markets, including share registry and related services, corporate trust and loan agency services, corporate trust and loan agency services, corporate trust and loan agency services, mortgage servicing, and other related financial services. As of 2023, Computershare Ltd has a market capitalization of 14.36 billion and a Return on Equity of 10.47%. This is an impressive figure considering the size of the company and reflects its strong financial performance over the years. Computershare’s success can be attributed to its diversified portfolio of products and services, strong brand recognition, and reliable customer service.
– Numis Corp PLC ($LSE:NUM)
Numis Corp PLC is a British-based investment banking and corporate advisory firm that specializes in the areas of mergers and acquisitions, equity capital markets, and debt capital markets. As of 2023, the company has a market capitalization of 226.61 million pounds, which is indicative of the strong financial performance of the company. Additionally, Numis Corp PLC has an impressive Return on Equity (ROE) of 7.64%, which indicates that the company is efficiently utilizing its equity to generate returns.
– Evercore Inc ($NYSE:EVR)
Evercore Inc is an independent investment banking advisory firm, providing financial services and advice to some of the world’s largest corporations, institutional investors and governments. The company’s market cap as of 2023 is 4.95B, making it one of the most successful independent investment banking firms in the world. Additionally, its Return on Equity (ROE) is 44.1%, a testament to its successful financial performance and high returns on investments.
Summary
On June 27, 2023, Ryan Kenny, an analyst at Morgan Stanley, reiterated his Underweight rating for Moelis stock and maintained his price target of $29. Kenny’s analysis concluded that Moelis is not expected to outperform the market and potential investors should be wary of investing in the company. Kenny noted that although Moelis has a solid business model, its current share price is not justified by its financial performance. He suggested that investors should look for more attractive opportunities elsewhere.
