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Evercore Partners Inc (EVR)
NYSE:EVR
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Evercore Partners (EVR) AI Stock Analysis

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EVR

Evercore Partners

(NYSE:EVR)

Rating:77Outperform
Price Target:
$346.00
â–²(7.60% Upside)
Evercore Partners' strong financial performance and strategic growth initiatives, including the acquisition of Robey Warshaw, are the most significant factors contributing to the score. The technical analysis supports a bullish trend, while the high P/E ratio suggests a relatively high valuation.
Positive Factors
Investment Banking Revenue
EVR beat consensus EPS by 4c, driven by a 29% y/y increase in Investment Banking revenue, above consensus of 22% y/y.
Pipeline and Market Position
Evercore is exceedingly well positioned for a capital markets recovery owing to its premier M&A franchise and fast-growing equity capital market (ECM) business.
Negative Factors
Stock Valuation
EVR's multiple on one-year forward estimates has risen to the mid-teens, well above the stock's 5-yr average of 10.6x.

Evercore Partners (EVR) vs. SPDR S&P 500 ETF (SPY)

Evercore Partners Business Overview & Revenue Model

Company DescriptionEvercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers strategic advisory services, such as mergers and acquisitions, strategic, defense, and shareholder advisory, special committee assignments, and transaction structuring; Capital Markets Advisory, including equity capital markets, restructuring, debt advisory, private placement advisory, market risk management and hedging, private capital advisory, and private funds; and research, sales, and trading professionals services on a content-led platform to its institutional investor clients. The Investment Management segment provides wealth management services to high-net-worth individuals, foundations, and endowments; and manages financial assets for institutional investors. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.
How the Company Makes MoneyEvercore generates revenue primarily through advisory fees from its investment banking services, which include M&A advisory, capital markets transactions, and restructuring services. The company earns a significant portion of its income from success-based fees, which are contingent on the successful completion of transactions. Additionally, Evercore has a growing investment management division that contributes to its revenue stream, generating fees from assets under management (AUM). The firm also benefits from strategic partnerships and alliances that enhance its market reach and service offerings, contributing to its overall earnings. Overall, Evercore's revenue model is heavily reliant on the volume and complexity of the transactions it advises on, as well as the performance of its investment management portfolio.

Evercore Partners Earnings Call Summary

Earnings Call Date:Jul 30, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 22, 2025
Earnings Call Sentiment Positive
The earnings call reflected strong performance and strategic growth, highlighted by record revenues and the acquisition of Robey Warshaw. While there were some increases in expenses and challenges in specific areas, the overall sentiment was optimistic with a focus on continued growth and expansion.
Q2-2025 Updates
Positive Updates
Acquisition of Robey Warshaw
Evercore has entered into an agreement to acquire Robey Warshaw, a leading UK-based advisory firm, enhancing Evercore's global expansion strategy. Robey Warshaw has advised on some of the largest transactions in UK history.
Record Revenue Growth
Evercore reported record revenues for both the second quarter and first half of 2025, with adjusted net revenues of $839 million, up nearly 21% year-over-year.
Strong M&A and Advisory Performance
Evercore advised on significant transactions including Cox Communications' merger with Charter Communications and Warner Bros. Discovery's separation. M&A volumes increased 30% year-over-year.
Diversification Success
Approximately 50% of Evercore's total revenues over the last 12 months came from non-M&A sources, showcasing the strength of its diversified business platform.
Private Capital Advisory Growth
The Private Capital Advisory business delivered a record first half and second quarter, driven by unprecedented volumes in GP-led continuation funds and LP secondaries.
Strong Wealth Management Performance
Wealth Management reached a record quarter-end AUM of approximately $14.5 billion.
Negative Updates
Increased Non-Compensation Expenses
Adjusted non-compensation expenses rose 9% year-over-year, driven by higher costs for technology and information services and increased occupancy expenses due to office expansions.
Challenging Fundraising Conditions
Trends in the private funds group remained challenging, although activity is expected to pick up towards the end of the year.
Higher Adjusted Tax Rate
The adjusted tax rate increased to 30% from 26.9% in the second quarter of last year due to nondeductible expenses and higher state and local taxes.
Company Guidance
During Evercore's Second Quarter 2025 Earnings Conference Call, the company provided guidance highlighting their strategic acquisition of Robey Warshaw, a UK-based advisory firm. This acquisition is expected to enhance Evercore's capabilities and expand its EMEA platform, adding over 400 bankers across nine countries. The firm reported strong financial results with adjusted net revenues of $839 million, marking a 21% increase year-over-year, and an adjusted operating margin of 18.7%, up from 16.4% in the prior year. Evercore's diversified business model showed resilience, with approximately 50% of revenues from non-M&A sources. The company also noted a significant increase in global M&A volumes, up 30% year-to-date. Additionally, Evercore's strategic initiatives include a focus on talent acquisition, with four senior managing directors joining the firm recently, and a solid pipeline of external candidates. The acquisition of Robey Warshaw is expected to be accretive to Evercore's adjusted and GAAP EPS in the first full year post-acquisition, with an upfront consideration of approximately $196 million, payable in two tranches.

Evercore Partners Financial Statement Overview

Summary
Evercore Partners demonstrates strong financial performance with consistent revenue growth and profitability. The TTM gross profit margin is 98.8%, and the net profit margin is 14.1%. However, the EBIT margin has slightly decreased, and free cash flow growth shows a decline of 30.4% in the TTM period.
Income Statement
78
Positive
Evercore Partners demonstrates strong financial performance with consistent revenue growth and profitability. The TTM (Trailing-Twelve-Months) gross profit margin stands at 98.8%, indicating efficient cost management. The net profit margin is 14.1%, reflecting solid bottom-line performance. Revenue growth is evident with a 3.8% increase from the previous annual period. However, the EBIT margin has slightly decreased over the years, and the EBITDA margin is 19.4% for TTM, which shows some room for improvement in operational efficiency.
Balance Sheet
75
Positive
The balance sheet reflects a sound financial position with a moderate debt-to-equity ratio of 0.62, suggesting manageable leverage. The return on equity (ROE) for TTM is 29.1%, indicating strong profitability relative to shareholder equity. The equity ratio is 46%, demonstrating a balanced approach to financing with a good portion of assets funded by equity. However, careful monitoring of debt levels is necessary to maintain financial stability.
Cash Flow
82
Very Positive
Cash flow statements reveal robust cash generation capabilities with a strong free cash flow to net income ratio of 1.52, indicating efficient conversion of profits into cash. The operating cash flow to net income ratio is 1.63, underscoring the company's ability to generate cash from operations. Free cash flow growth, however, shows a decline of 30.4% in the TTM period, which warrants attention despite the overall healthy cash flow position.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.11B3.00B2.43B2.76B3.31B2.26B
Gross Profit3.09B2.98B2.43B958.34M3.23B2.21B
EBITDA602.21M578.62M445.27M785.26M1.15B0.00
Net Income438.77M378.28M255.48M476.52M740.12M350.57M
Balance Sheet
Total Assets3.27B4.17B3.70B3.62B3.80B3.37B
Cash, Cash Equivalents and Short-Term Investments1.36B2.39B2.03B786.29M719.53M829.60M
Total Debt933.38M923.32M844.39M687.82M721.04M719.64M
Total Liabilities1.52B2.23B1.92B1.89B2.17B1.88B
Stockholders Equity1.51B1.71B1.58B1.54B1.32B1.23B
Cash Flow
Free Cash Flow671.06M958.05M437.91M508.19M1.36B925.04M
Operating Cash Flow719.72M988.15M457.95M531.38M1.38B978.37M
Investing Cash Flow35.74M-67.43M15.62M313.30M-705.89M-483.87M
Financing Cash Flow-770.89M-628.55M-557.23M-735.57M-925.32M-307.79M

Evercore Partners Technical Analysis

Technical Analysis Sentiment
Positive
Last Price321.55
Price Trends
50DMA
295.23
Positive
100DMA
255.82
Positive
200DMA
257.76
Positive
Market Momentum
MACD
8.25
Negative
RSI
65.28
Neutral
STOCH
88.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVR, the sentiment is Positive. The current price of 321.55 is above the 20-day moving average (MA) of 308.32, above the 50-day MA of 295.23, and above the 200-day MA of 257.76, indicating a bullish trend. The MACD of 8.25 indicates Negative momentum. The RSI at 65.28 is Neutral, neither overbought nor oversold. The STOCH value of 88.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVR.

Evercore Partners Risk Analysis

Evercore Partners disclosed 39 risk factors in its most recent earnings report. Evercore Partners reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Evercore Partners Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
$5.82B28.4145.36%3.54%42.85%1398.33%
79
Outperform
$5.39B19.7350.41%3.50%10.40%91.75%
78
Outperform
$14.01B33.5920.38%1.16%23.39%29.86%
77
Outperform
$12.43B29.2529.16%1.02%23.24%55.76%
76
Outperform
$5.90B28.1617.91%1.69%10.46%50.47%
68
Neutral
$17.93B11.8610.28%3.71%9.75%1.60%
64
Neutral
$6.23B30.74106.47%0.56%18.40%54.77%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
EVR
Evercore Partners
321.55
86.88
37.02%
LAZ
Lazard
57.16
10.81
23.32%
PIPR
Piper Sandler
333.79
76.42
29.69%
MC
Moelis
72.11
9.97
16.04%
HLI
Houlihan Lokey
199.25
49.27
32.85%
PJT
PJT Partners
179.00
61.44
52.26%

Evercore Partners Corporate Events

M&A TransactionsBusiness Operations and Strategy
Evercore Partners Acquires UK Firm Robey Warshaw
Positive
Jul 30, 2025

On July 29, 2025, Evercore LP, a subsidiary of Evercore Inc., announced its definitive agreement to acquire Robey Warshaw, a leading independent advisory firm based in the UK. The acquisition, expected to close in the fourth quarter of 2025, involves a payment of £146 million, with the first tranche paid in Evercore stock at closing and the second on the first anniversary in stock or cash. This strategic move is anticipated to enhance Evercore’s market position in the UK and globally, expand its client reach, and create value for shareholders by being accretive to its earnings. The acquisition aligns with Evercore’s growth strategy, leveraging Robey Warshaw’s strong client relationships and advisory expertise to further support its global platform.

Private Placements and Financing
Evercore Partners Announces $250 Million Senior Notes Issuance
Neutral
Jul 11, 2025

On July 10, 2025, Evercore Inc. announced a private placement of $250 million in senior notes, divided into $125 million of 5.17% Series K notes due 2030 and $125 million of 5.47% Series L notes due 2032. The issuance, set for July 24, 2025, aims to repay maturing notes and support general corporate purposes. The agreement includes covenants such as a maximum leverage ratio and a minimum net worth requirement, with provisions for default events.

Regulatory Filings and Compliance
Evercore Partners Files Routine Regulatory Report
Neutral
Jun 13, 2025

Evercore Inc. announced on June 13, 2025, that it has filed a report in compliance with the Securities Exchange Act of 1934, signed by Jason Klurfeld, the company’s General Counsel. This filing is a routine regulatory requirement and reflects Evercore’s adherence to legal obligations, which is crucial for maintaining transparency and trust with stakeholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025