External reports (aggregated public sources), Value Investors Club

Value Investors Club

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External reports (aggregated public sources)

Equity Bottom-Up

<ul><li dir="ltr">PTJ is benefiting from an exceptionally favorable operating environment that is unlikely to persist</li><li dir="ltr">PJT’s partnership structure creates a significant tax drag on free cash flow making valuation more expensive than implied by the EBITDA multiple.</li><li dir="ltr">Even so, shares trade at well above peer multiples despite lower than expected growth</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

PTJ is benefiting from an exceptionally favorable operating environment that is unlikely to persistPJT’s partnership structure creates a significant tax drag on free cash flow making valuation more expensive than implied by the EBITDA multiple.Even so, shares trade at well above peer multiples despite lower than expected growthThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Pjt Partners Inc. (PJT) - Monday, Aug 19, 2024