PWP - Perella Weinberg Partners
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$20.25
DETAILS
HIGH:
$21.00
LOW:
$19.50
MEDIAN:
$20.25
CONSENSUS:
$20.25
UPSIDE:
8.40%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 750.9 | 878.0 | 648.7 | 631.5 | 801.7 | 519.0 | 533.3 | 679.6 |
| Cost of Revenue | 20.8 | 525.9 | 426.6 | 391.3 | 504.4 | 374.3 | 349.8 | 0 |
| Gross Profit | 730.1 | 352.1 | 222.1 | 240.2 | 297.3 | 144.7 | 183.5 | 679.6 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.1 |
| SG&A Expenses | 61.5 | 354.7 | 269.0 | 234.1 | 181.6 | 110.7 | 276.0 | 770.7 |
| Other Expenses | 620.6 | 75.9 | 68.2 | 53.8 | 49.1 | 48.5 | 62.6 | (772.8) |
| Operating Expenses | 682.1 | 430.6 | 337.2 | 287.9 | 230.7 | 159.2 | 338.6 | 0.0 |
| Operating Income | ||||||||
| Operating Income | 48.0 | (78.5) | (115.1) | (47.7) | 66.6 | (14.6) | (155.1) | (107.4) |
| Interest Expense | 0 | 0 | 0.3 | 0.3 | 7.6 | 15.7 | 15.4 | 0 |
| Interest Income | 0 | 10.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 72.3 | (58.2) | (100.4) | (37.0) | 45.0 | 10.4 | (130.3) | (0.0) |
| EBIT | 51.5 | (78.5) | (115.1) | (47.7) | 30.6 | (5.1) | (146.2) | (0.0) |
| Income Before Tax | 51.5 | (68.3) | (112.8) | (21.4) | 22.9 | (20.9) | (161.6) | (123.2) |
| Income Tax Expense | 3.5 | 21.1 | (1.0) | 10.3 | 18.9 | 3.5 | 2.4 | 0 |
| Net Income | 35.5 | (64.7) | (17.2) | 17.9 | (9.4) | (24.3) | (164.0) | (0.0) |
| Per Share Data | ||||||||
| EPS (Basic) | 0.55 | -1.22 | -0.40 | 0.41 | -0.22 | -0.26 | – | – |
| EPS (Diluted) | 0.55 | -1.22 | -1.33 | -0.46 | -0.22 | -0.26 | – | – |
| Shares Outstanding | 64.2 | 53.2 | 43.3 | 43.8 | 42.6 | 46.4 | 50.5 | 50.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 255.9 | 332.8 | 250.1 | 174.2 | 504.8 | 330.9 | 0.0 |
| Short-Term Investments | 0 | 75.8 | 91.2 | 140.1 | 0 | 0 | 0 |
| Net Receivables | 62.7 | 74.4 | 51.3 | 71.3 | 51.1 | 41.1 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 30.7 | 0 | 0 | (0.3) | 0 |
| Total Current Assets | 318.6 | 483.0 | 423.3 | 385.5 | 555.9 | 372.0 | 0.0 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 215.7 | 224.5 | 237.6 | 202.1 | 50.3 | 70.6 | 0 |
| Goodwill | 72.7 | 34.4 | 34.4 | 34.4 | 34.4 | 34.4 | 0 |
| Intangible Assets | 12.5 | 12.6 | 19.2 | 25.8 | 32.4 | 38.9 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 29.2 | 0.2 | 36.2 | 24.3 | 25.8 | 0.1 |
| Total Non-Current Assets | 430.5 | 393.7 | 337.8 | 331.5 | 162.4 | 171.0 | 0.1 |
| Total Assets | 797.6 | 876.8 | 761.1 | 717.1 | 718.3 | 543.0 | 0.1 |
| Current Liabilities | |||||||
| Account Payables | 35.8 | 68.3 | 52.1 | 46.3 | 31.0 | 22.2 | 0 |
| Short-Term Debt | 18.5 | 19.3 | 0 | 0 | 0 | 0 | 0.0 |
| Deferred Revenue | 1 | 0.6 | 0 | 5.0 | 7.8 | 10.6 | 0 |
| Other Current Liabilities | 10.3 | 0 | 0 | 0 | 0 | 0 | 0.0 |
| Total Current Liabilities | 275.8 | 413.5 | 286.0 | 265.4 | 350.4 | 246.4 | 0.0 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 167.6 | 0 | 0 | 0 | 0 | 147.0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (74.1) | 65.5 | 30.9 | 25.9 | 53.1 | 17.2 | 0 |
| Total Non-Current Liabilities | 261.1 | 233.5 | 206.8 | 191.5 | 96.6 | 222.4 | 0 |
| Total Liabilities | 536.9 | 647.0 | 492.9 | 457.0 | 447.0 | 468.8 | 0.0 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 |
| Retained Earnings | (130.6) | (303.7) | (54.6) | (18.1) | (18.1) | 0 | (0.0) |
| Accumulated Other Comprehensive Income | (2.5) | (6.2) | (4.5) | (6.5) | (1.7) | (2.3) | 0 |
| Total Stockholders' Equity | (127.4) | (421.4) | 152.7 | 137.5 | 126.3 | 74.2 | 0.0 |
| Total Liabilities & Equity | 797.6 | 876.8 | 761.1 | 717.1 | 718.3 | 543.0 | 0.1 |
| Debt Metrics | |||||||
| Total Debt | 353.7 | 187.3 | 175.9 | 165.6 | 43.4 | 205.2 | 0.0 |
| Net Debt | 97.8 | (145.4) | (74.2) | (8.6) | (461.3) | (125.7) | (0.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 48.0 | (89.3) | (111.8) | (31.7) | 4.0 | (24.3) |
| Depreciation & Amortization | 20.8 | 20.4 | 14.7 | 10.7 | 14.5 | 15.5 |
| Stock-Based Compensation | (120.4) | 188.9 | 184.5 | 156.4 | 97.0 | 24.8 |
| Change in Working Capital | (160.6) | 88.6 | 44.5 | (148.4) | 59.0 | 46.4 |
| Other Non-Cash Items | 244.5 | 17.3 | 16.2 | (2.0) | 64.1 | 24.0 |
| Operating Cash Flow | 34.8 | 223.4 | 145.9 | (17.8) | 234.9 | 85.9 |
| Investing Activities | ||||||
| Capital Expenditure | (4.3) | (16.4) | (57.6) | (26.6) | (1.5) | (5.5) |
| Acquisitions | (18.9) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (74.9) | (89.3) | (139.2) | 0 | 0 |
| Sales/Maturities of Investments | 74.9 | 91.2 | 140.6 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0.5 | (0.5) | (1.0) | 0 |
| Investing Cash Flow | 51.7 | (0.1) | (5.8) | (166.2) | (2.4) | (5.5) |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | (186.9) | (10) |
| Stock Repurchased | (33.7) | (15) | (22.5) | (105.0) | (12) | 0 |
| Dividends Paid | (22.9) | (20.3) | (27.3) | (57.3) | (71.9) | (12.0) |
| Other Financing Activities | (112) | (168.0) | (17.2) | (9.7) | 215.8 | 0 |
| Financing Cash Flow | (168.6) | (137.3) | (67.0) | (136.8) | (55.0) | (22.0) |
| Cash Position | ||||||
| Net Change in Cash | (75.7) | 82.7 | 75.9 | (330.6) | 173.9 | 64.3 |
| Cash at Beginning | 332.8 | 250.1 | 174.2 | 504.8 | 330.9 | 266.6 |
| Cash at End | 257.1 | 332.8 | 250.1 | 174.2 | 504.8 | 330.9 |
| Free Cash Flow | 30.5 | 207.0 | 88.3 | (44.3) | 233.4 | 80.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 750.9 | 878.0 | 648.7 | 631.5 | 801.7 | 519.0 | 533.3 | 679.6 |
| Gross Profit | 730.1 | 352.1 | 222.1 | 240.2 | 297.3 | 144.7 | 183.5 | 679.6 |
| Operating Income | 48.0 | (78.5) | (115.1) | (47.7) | 66.6 | (14.6) | (155.1) | (107.4) |
| Net Income | 35.5 | (64.7) | (17.2) | 17.9 | (9.4) | (24.3) | (164.0) | (0.0) |
| EPS (Diluted) | 0.55 | -1.22 | -1.33 | -0.46 | -0.22 | -0.26 | – | – |
| Balance Sheet | ||||||||
| Cash & Equivalents | 255.9 | 332.8 | 250.1 | 174.2 | 504.8 | 330.9 | 0.0 | |
| Total Assets | 797.6 | 876.8 | 761.1 | 717.1 | 718.3 | 543.0 | 0.1 | |
| Total Debt | 353.7 | 187.3 | 175.9 | 165.6 | 43.4 | 205.2 | 0.0 | |
| Stockholders' Equity | (127.4) | (421.4) | 152.7 | 137.5 | 126.3 | 74.2 | 0.0 | |
| Cash Flow | ||||||||
| Operating Cash Flow | 34.8 | 223.4 | 145.9 | (17.8) | 234.9 | 85.9 | ||
| Capital Expenditure | (4.3) | (16.4) | (57.6) | (26.6) | (1.5) | (5.5) | ||
| Free Cash Flow | 30.5 | 207.0 | 88.3 | (44.3) | 233.4 | 80.4 | ||