Oppenheimer Holdings, Inc. (OPY) vs Perella Weinberg Partners (PWP)

Oppenheimer Holdings, Inc. and Perella Weinberg Partners are both Capital Markets companies. Oppenheimer Holdings, Inc. and Perella Weinberg Partners are of similar size ($1.3B and $1.3B). Oppenheimer Holdings, Inc. trades at the lower P/E: 12.3× against 45.2×. Oppenheimer Holdings, Inc. grew revenue faster over the last twelve months: 20.6% against −20.9%. Oppenheimer Holdings, Inc. has the higher net margin (5.72% vs 3.22%) and the higher return on invested capital (34.8% vs 0.00%). Both pay a dividend; Perella Weinberg Partners yields more (2.67% vs 1.93%). Across the 20 metrics below, Oppenheimer Holdings, Inc. leads on 12 and Perella Weinberg Partners on 8.

Valuation

Metric OPY PWP Capital Markets median
P/E 12.27 45.22 15.78
P/S 0.71 1.56 2.32
P/B 1.29 n/m 1.89
Price to free cash flow n/m 12.18 6.25
EV/EBITDA 2.40 26.95 8.87
EV/Sales 0.67 1.64 2.28
Earnings yield 8.15% 2.21% (3.77%)
Free cash flow yield (0.82%) 8.21% (1.49%)

Profitability

Metric OPY PWP Capital Markets median
Gross margin 98.48% 25.17% 62.80%
Operating margin 24.76% 2.84% 0.00%
Net margin 5.72% 3.22% (0.55%)
Free cash flow margin (0.56%) 12.78% 0.00%
Return on equity 10.86% (12.19%) 0.00%
Return on assets 2.60% 3.55% 0.00%
Return on invested capital 34.77% 0.00% 0.00%

Growth

Metric OPY PWP Capital Markets median
Revenue growth (TTM) 20.63% (20.87%) 21.02%
EPS growth (last fiscal year) 104.71% 138.52% —
Revenue growth, 5-year CAGR 6.45% 7.67% 18.16%
Net income growth, 5-year CAGR 3.83% 0.00% 0.00%

Health

Metric OPY PWP Capital Markets median
Debt to equity 0.00 0.00 0.08
Current ratio 1.20 1.61 1.51
Net debt to EBITDA (0.30) (3.73) (0.24)

Dividend

Metric OPY PWP Capital Markets median
Dividend yield 1.93% 2.67% 2.20%
Payout ratio 0.23 — 0.00

Size

Metric OPY PWP Capital Markets median
Market cap 1.26b 1.32b 724.58m

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