Miami International Holdings, Inc. (MIAX) vs PJT Partners Inc. (PJT)

Miami International Holdings, Inc. and PJT Partners Inc. are both Capital Markets companies. Miami International Holdings, Inc. and PJT Partners Inc. are of similar size ($3.8B and $3.5B). PJT Partners Inc. trades at the lower P/E: 19.9× against 29.3×. PJT Partners Inc. has the higher net margin (10.6% vs 9.70%) and the higher return on invested capital (33.1% vs 16.1%). Across the 19 metrics below, PJT Partners Inc. leads on 13 and Miami International Holdings, Inc. on 6.

Valuation

Metric MIAX PJT Capital Markets median
P/E 29.33 19.87 15.78
P/S 2.27 2.16 2.32
P/B 2.89 4.14 1.89
Price to free cash flow 13.81 6.15 6.25
EV/EBITDA 17.51 9.20 8.87
EV/Sales 1.79 2.10 2.28
Earnings yield 3.41% 5.03% (3.77%)
Free cash flow yield 7.24% 16.25% (1.49%)

Profitability

Metric MIAX PJT Capital Markets median
Gross margin 34.35% 32.91% 62.80%
Operating margin 7.92% 21.01% 0.00%
Net margin 9.70% 10.58% (0.55%)
Free cash flow margin 16.43% 35.08% 0.00%
Return on equity 18.75% 21.79% 0.00%
Return on assets 17.78% 12.21% 0.00%
Return on invested capital 16.10% 33.13% 0.00%

Growth

Metric MIAX PJT Capital Markets median
Revenue growth (TTM) — 22.91% 21.02%
EPS growth (last fiscal year) (173.17%) 35.77% —
Revenue growth, 5-year CAGR — 10.24% 18.16%
Net income growth, 5-year CAGR — 8.92% 0.00%

Health

Metric MIAX PJT Capital Markets median
Debt to equity 0.00 0.00 0.08
Current ratio 2.61 2.08 1.51
Net debt to EBITDA (3.75) (1.44) (0.24)

Dividend

Metric MIAX PJT Capital Markets median
Dividend yield — 1.38% 2.20%
Payout ratio — 0.30 0.00

Size

Metric MIAX PJT Capital Markets median
Market cap 3.54b 3.81b 724.58m

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