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RENDITE AKADEMIE · 2022-03-31T14:24:25.083240Z

Ein spannendes Unternehmen aus einem spannenden Sektor. 🏦 Gemessen an den aktuellen Zahlen ist Houlihan Lokey kein Schnäppchen. Die Branche der Investmentbanken ist gemessen am KGV und KUV günstiger bewertet als HL (Goldman Sachs, JP Morgan, Morgan Stanley). 🧐 Bei steigender Dividendenrendite und fallender Ausschüttungsquote werde Gewinne effektiver in Form der Dividenen an die Aktionäre ausgeschüttet. 💸 Meiner Meinung nach immer ein gutes Zeichen. In den letzten Jahren sind Börsengänge deutlich gestiegen - im Jahr 2021 ca. 2680 IPOS. Durch diesen Anstieg profitiert auch Houlihan Lokey.🔥 Durch die Ankündigungen der FED die Anleihenkäufe zu reduzieren bzw. beenden zu wollen und Überlegungen den Leitzins mehrmals zu erhöhen, werden hochverschuldete Unternehmen steigende Probleme bekommen, da die Kosten für weiteres Wachstum teurer werden. Dies hat für diese Unternehmen im schlimmsten Fall Finanzrestrukturierung und Insolvenzen zu Folge. Da HL in diesem Bereich marktführend und in vielen Bereichen aktiv ist, können hier ggf. zusätzliche Einnahmen entstehen. Hier kommt HL jetzt schon die Übernahme von AchPoint zugute, da die Expertise im Technologiesektor erweitert werden konnte. 📕 Gerade in diesem Sektor sind eine hohe Verschuldung für steigenden Wachstum häufig zu finden. ➞ Für mich ist Houlihan Lokey ein attraktives Unternehmen. Es konnte in den letzten Jahren stetig der Umsatz und Gewinn gesteigert werden, bei gleichbleibenden, teils besser werdenden Margen. Das starke Geschäftsmodell der letzten Jahre wird nach Aussagen des Managements Bestand haben, zusätzlich wird versucht weitere Deals mit höherem Volumen abzuschließen, das würde höhere Einnahmen bedeuten. Das weitere Investmentbanken die Expertise von Houlihan Lokey aufsuchen, zeigt Ihre Stellung am Markt. 🐂

An exciting company from an exciting sector. 🏦

Based on current numbers, Houlihan Lokey is not a bargain. The investment banking sector is more favorably valued than HL (Goldman Sachs, JP Morgan, Morgan Stanley) as measured by P/E and P/E ratios. 🧐

As the dividend yield rises and the payout ratio falls, profits are more effectively distributed to shareholders in the form of dividends. 💸 In my opinion, always a good sign. In recent years, IPOs have increased significantly - about 2680 IPOS in 2021. Due to this increase, Houlihan Lokey also benefits.🔥

Due to the announcements of the FED to reduce or end the bond purchases and considerations to increase the key interest rate several times, highly indebted companies will face increasing problems, as the cost of further growth becomes more expensive. In the worst case, this will result in financial restructuring and insolvency for these companies. Since HL is a market leader in this area and active in many sectors, additional revenue may be generated here. Here, HL is already benefiting from the acquisition of AchPoint, as it has been able to expand its expertise in the technology sector. 📕

Especially in this sector, high debt levels for increasing growth are common.

➞ For me, Houlihan Lokey is an attractive company. It has been able to steadily increase sales and profits over the last few years, with margins remaining the same and in some cases improving. According to the management, the strong business model of the last years will be maintained. In addition, the company is trying to close further deals with higher volumes, which would mean higher revenues. The fact that further investment banks seek the expertise of Houlihan Lokey shows your position in the market. 🐂

Sven@svenleowe

2Año

@simplemoney likes the company 👍🏻

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Oliver von Simplemoney@simplemoney

@svenleowe like is an understatement😉$HLI is an absolute monster

Great to see a post about Houlihan🤝😍 I wouldn't even compare the valuation to the classic investment banks, but look historically. And finally, Houlihan is also dependent on the economy. The biggest risk would be that the declines in M&A business cannot be absorbed with restructurings and valuation advisory😅.

RENDITE AKADEMIE@RenditeAkademie

@simplemoney I'm right there with you. In a poor economy, it will not be possible to spend so much capital on takeovers.

Are you invested yourself? And how did you come across the company?

@RenditeAkademie Yes, it is my 2nd largest position in the portfolio and I have been invested in it for a year. A friend drew my attention to it, and the share quickly appears in a screener due to its solid growth, the very high dividend growth plus the high ROIC.

@simplemoney I've just had a look at your portfolio. Over 30% in one year with HL is great, especially as the share has come back well in the last few weeks. Are these already buyback prices for you? and Tesla as the largest position also tastes good!

@RenditeAkademie danke👍🏻 Yes, the share price is slowly becoming attractive again for an additional purchase, although I will not be adding significantly to the position

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