Gcm Grosvenor Inc.

Finance
Investment Managers
www.gcmgrosvenor.com

Earnings Score
Safety Score

Market Cap $550.26M
Debt $436.91M
Cash $98.45M
EV $888.72M
FCF $119.29M

Earnings

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Sales & Net Margins

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Earnings	$10.76M
EBIT	$42.99M
ROA	7%
FCF	$119.29M
Equity	-$31.88M
Growth Stability	1
PE	51.15
PEG	-18.48
PB	-17.26
P/FCF	4.61
P/S	1.18
Price/Cash	0.18
Debt/Equity	-13.71
Debt/FCF	3.66
Net Margins	2%
Op. Margins	9%
Earnings CAGR	-2%
Sales Growth YoY	1%
Sales Growth QoQ	5%
Sales CAGR	2%
FCF CAGR	14%
Earnings Stability	-0.62

Earnings Growth YoY	-31%
Earnings Growth QoQ	-6%
Earnings CAGR 5Y	-3%
Sales CAGR 5Y	2%
FCF CAGR 5Y	14%
Earnings CAGR 3Y	-6%
Sales CAGR 3Y	-6%
FCF CAGR 3Y	-25%
Market Cap	$550.26M
Revenue	$465.31M
Assets	$575.04M
Total Debt	$436.91M
Cash	$98.45M
Shares Outstanding	44.59M
EV	888.72M
Earnings Score	6%
Safety Score	67%
Shares Growth 3y	-0%
Equity Growth QoQ	12%
Equity Growth YoY	29%

Assets & ROA

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Stockholders Equity & ROE

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GCM Grosvenor Inc is a global alternative asset management firm. It invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, and absolute return strategies. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments. It also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.

SEC Filings

Direct access to Gcm Grosvenor Inc. (GCMG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Gcm Grosvenor Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Gcm Grosvenor Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability -62%

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Gcm Grosvenor Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Gcm Grosvenor Inc..

Years

Calculation mode

= $3.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$119M	$136M	$155M	$176M	$201M	$229M	$260M	$297M	$338M	$385M	$438M	$4.4B
DCF		$124M	$128M	$132M	$137M	$142M	$147M	$152M	$158M	$163M	$169M	$1.7B
Value	$3.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	0%	0%	-18%	4%	4%	-7%	2%
ROA	-	-	-6%	26%	18%	-2%	7%
ROE	-	-	-	-84%	-100%	106%	-

Bad Net Margins (1.77%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	5.09	2.23	1.82	4.41	3.66
Debt over Equity	-	-6.8K	-	-15.44	-19.83	-14.08	-13.71
Growth Stability	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (3.66)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (-13.71)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	10%	3%	24%	-16%	-0%	2%
Earnings YoY growth	-	-	-	-127%	-8%	-247%	-3%
Equity YoY growth	-	-	-100%	-	-23%	39%	-
FCF YoY growth	-	-21%	-27%	167%	21%	-59%	14%