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Silvercrest Asset Management (SAMG)
NASDAQ:SAMG
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SilverCrest Asset Management
(NASDAQ:SAMG)
Rating:73Outperform
Price Target:
$18.50
▲(12.94% Upside)
SilverCrest Asset Management (SAMG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$205.85M
Dividend Yield4.88%
Average Volume (3M)24.26K
Price to Earnings (P/E)18.8
Beta (1Y)0.84
Revenue Growth4.09%
EPS Growth-2.32%
CountryUS
Employees160
SectorFinancial
Sector Strength64
IndustryAsset Management
Share Statistics
EPS (TTM)0.25
Shares Outstanding8,440,574
10 Day Avg. Volume27,216
30 Day Avg. Volume24,256
Financial Highlights & Ratios
PEG Ratio4.40
Price to Book (P/B)2.16
Price to Sales (P/S)1.41
P/FCF Ratio8.78
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit3.78
Enterprise Value/Ebitda7.81
Forecast
1Y Price Target
$18.50Price Target Upside12.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
SilverCrest Asset Management Business Overview & Revenue Model
Company DescriptionSilvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors. It also manages funds of funds and other investment funds. The company was founded in 2002 and is headquartered in New York, New York.
How the Company Makes MoneySilverCrest Asset Management generates revenue primarily through management fees and performance fees associated with the assets under management (AUM). The management fees are typically charged as a percentage of AUM, providing a steady income stream as long as clients maintain their investments. Additionally, the company earns performance fees based on the investment returns generated for its clients, incentivizing the firm to achieve superior portfolio performance. Significant partnerships with financial institutions and advisory networks also enhance SAMG's distribution capabilities, allowing the firm to attract new clients and increase its AUM. Furthermore, the firm may engage in strategic alliances or co-investment opportunities that can lead to additional revenue streams.
SilverCrest Asset Management Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: 0.12%|
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mix of positive momentum in assets under management growth and strategic initiatives, alongside challenges such as revenue decreases, increased expenses, and net client outflows. Despite these challenges, the firm's strong asset management performance and strategic investments provide a positive outlook.Q2-2025 Updates
Positive Updates
Increase in Discretionary Assets Under Management
Discretionary assets under management increased by $1 billion during the second quarter, reaching $23.7 billion, a 4.4% sequential quarterly increase and a 9.7% year-over-year increase.
Record Total Assets Under Management
Total AUM reached a new high of $36.7 billion at the end of the second quarter.
Strong Organic New Client Accounts
Silvercrest added $80 million in organic new client accounts during the quarter and $0.5 billion in the first half of 2025. Approximately $2 billion in organic new client accounts were added over the past 4 quarters.
Stock Repurchase Program and Dividend Increase
Completed a $12 million stock repurchase program and announced a new $25 million buyback program. The quarterly dividend was increased by 5% from $0.20 to $0.21 per share.
Positive Developments in Global Value Strategy
The Global Value Composite performance numbers are strong, with significant interest globally, leading to ongoing discussions and potential inflows.
Negative Updates
Revenue Decrease
Revenue for the quarter decreased year-over-year by $0.3 million or 1%, primarily due to a decrease in the average annual management fee rate.
Increase in Expenses
Expenses for the quarter increased by $0.9 million or 3.7%, driven by increased compensation and benefits and G&A expenses.
Net Client Outflows
Despite strong market performance, there were net client outflows which partially offset market appreciation.
Decrease in Cash and Cash Equivalents
Cash and cash equivalents decreased to $30 million as of June 30 from $68.6 million at the end of last year.
Moderate OCIO Pipeline
The OCIO pipeline has decreased compared to previous levels, although there are upcoming finals for $100 million mandates.
Company Guidance
During the Silvercrest Asset Management Group's second-quarter 2025 earnings call, the company reported several key metrics reflecting its performance and strategic initiatives. Discretionary assets under management (AUM) increased by $1 billion, reaching $23.7 billion, marking a 4.4% sequential quarterly rise and a 9.7% year-over-year increase. Total AUM hit a new high at $36.7 billion. Revenue for the quarter was $30.7 million, with a slight year-over-year decrease of $0.3 million, primarily due to a shift in the average annual management fee rate. Expenses rose by 3.7% to $0.9 million, with increases in compensation and general and administrative expenses. The reported net income was $3.1 million, while adjusted EBITDA stood at $5.7 million, representing 18.7% of revenue. The company completed a $12 million stock repurchase and initiated a new $25 million buyback program. Additionally, the quarterly dividend was raised by 5% to $0.21 per share. The firm expressed optimism about future organic flows and continued strategic investments to support growth, particularly in the institutional and wealth markets, despite current market volatility.SilverCrest Asset Management Financial Statement Overview
Summary
SilverCrest Asset Management exhibits stable financial health with strong cash flow generation and a solid equity base. While revenue growth and profitability margins show some areas for improvement, the company's leverage remains manageable. Continued focus on enhancing profitability and asset growth will be key to strengthening financial performance further.Income Statement
The income statement reflects stable revenue growth with a slight increase in TTM revenues compared to the previous year. Gross profit margin stands at 37.3% TTM, indicating efficiency in cost management. However, there is a noticeable decline in EBIT and EBITDA margins compared to previous periods, impacting overall profitability. The net profit margin is at 7.2% TTM, which is lower than previous annual results, suggesting room for improvement in cost management or revenue enhancement.75
Positive
Balance Sheet
The balance sheet reveals a strong equity base with a debt-to-equity ratio of 0.27 TTM, indicating manageable leverage. The equity ratio is at 50.1% TTM, showing a solid financial structure. However, a decline in total assets and equity compared to previous years raises concerns about asset utilization and growth potential. Return on equity is 11.3% TTM, reflecting a moderate return on investment.70
Positive
Cash Flow
Cash flow analysis demonstrates strong free cash flow generation with a TTM free cash flow of $21.2 million, showing a growth rate of 6.6% compared to the previous annual figure. Operating cash flow to net income ratio is healthy at 2.33 TTM, indicating strong cash generation relative to earnings. Free cash flow to net income ratio is also robust at 2.35, highlighting efficient cash management.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 124.46M | 123.65M | 117.41M | 123.22M | 131.60M | 107.98M |
| Gross Profit | 45.36M | 46.99M | 44.79M | 51.61M | 59.04M | 45.60M |
| EBITDA | 21.93M | 24.56M | 22.86M | 38.85M | 30.72M | 22.54M |
| Net Income | 8.26M | 9.54M | 9.09M | 30.79M | 24.95M | 17.48M |
Balance Sheet | ||||||
| Total Assets | 152.71M | 194.43M | 199.57M | 212.68M | 229.32M | 213.80M |
| Cash, Cash Equivalents and Short-Term Investments | 30.04M | 68.61M | 70.30M | 77.43M | 85.74M | 62.50M |
| Total Debt | 21.27M | 22.53M | 29.33M | 36.23M | 41.65M | 48.99M |
| Total Liabilities | 52.76M | 74.74M | 77.76M | 86.84M | 112.51M | 110.41M |
| Stockholders Equity | 64.61M | 80.70M | 82.74M | 84.59M | 80.35M | 70.68M |
Cash Flow | ||||||
| Free Cash Flow | 19.43M | 19.89M | 17.10M | 22.43M | 43.37M | 26.22M |
| Operating Cash Flow | 18.83M | 21.59M | 20.98M | 23.38M | 44.28M | 26.85M |
| Investing Cash Flow | -1.61M | -1.70M | -3.88M | -956.00K | -908.00K | -626.00K |
| Financing Cash Flow | -37.11M | -21.55M | -24.22M | -30.74M | -20.12M | -16.55M |
SilverCrest Asset Management Technical Analysis
Neutral
16.38
Price Trends
16.00
Positive
15.50
Positive
16.48
Negative
Market Momentum
0.12
Positive
50.97
Neutral
69.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAMG, the sentiment is Neutral. The current price of 16.38 is below the 20-day moving average (MA) of 16.45, above the 50-day MA of 16.00, and below the 200-day MA of 16.48, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 50.97 is Neutral, neither overbought nor oversold. The STOCH value of 69.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SAMG.
SilverCrest Asset Management Risk Analysis
SilverCrest Asset Management disclosed 50 risk factors in its most recent earnings report. SilverCrest Asset Management 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
SilverCrest Asset Management Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $251.03M | 10.65 | 12.44% | 11.55% | ― | ― | |
73 Outperform | $205.85M | 18.77 | 11.01% | 4.88% | 4.09% | -2.32% | |
69 Neutral | $150.80M | 78.82 | 1.01% | 14.37% | -17.51% | -75.48% | |
68 Neutral | $17.52B | 11.68 | 10.43% | 3.86% | 9.78% | 1.37% | |
67 Neutral | $197.10M | 55.42 | 1.21% | 21.05% | -49.76% | -84.43% | |
64 Neutral | $316.65M | 6.01 | 18.20% | 6.32% | 18.36% | 17.28% | |
59 Neutral | $252.43M | 6.07 | 11.78% | 19.17% | 377.90% | ― |
* Financial Sector Average
Performance Comparison
SAMG
SilverCrest Asset Management
16.38
1.56
10.53%
NEWT
Newtek Business
12.03
0.16
1.35%
WHF
WhiteHorse
8.48
-1.42
-14.34%
TPVG
TriplePoint Venture Growth
6.26
-0.22
-3.40%
MRCC
Monroe Capital
6.96
0.06
0.87%
LIEN
Chicago Atlantic BDC
11.00
0.74
7.21%
SilverCrest Asset Management Corporate Events
Financial Disclosures
SilverCrest Schedules Q2 2025 Financial Results Call
Neutral
Jul 25, 2025
On July 25, 2025, Silvercrest Asset Management Group Inc. announced it will host a teleconference on August 1, 2025, to discuss its financial results for the second quarter ended June 30, 2025. The teleconference will feature remarks from key executives and include a Q&A session for analysts and institutional investors, with a live webcast available on the company’s website.
Private Placements and Financing
SilverCrest Extends Loan Maturity and Credit Facility
Neutral
Jun 18, 2025
On June 18, 2024, Silvercrest L.P.’s subsidiaries entered into an Amendment and Restatement Agreement with City National Bank, establishing a $10 million term loan and revolving credit facility. The agreement set the term loan maturity for June 18, 2027, and the revolving credit facility for June 18, 2025. On June 18, 2025, the agreement was amended to extend the term loan maturity to June 18, 2028, with possible extensions to 2030, and the revolving credit facility to June 18, 2026, alongside an updated fee structure.
Executive/Board ChangesShareholder Meetings
SilverCrest Annual Meeting Highlights Key Proposals
Neutral
Jun 4, 2025
At the 2025 annual meeting held on June 4, Silvercrest Asset Management Group Inc. presented several proposals to its stockholders. These included the election of two directors, approval of executive compensation, and an amendment to the 2012 Equity Incentive Plan to increase shares by 1.5 million. Additionally, Deloitte & Touche LLP was ratified as the independent public accounting firm for the fiscal year ending December 31, 2025. The company also decided to hold annual advisory votes on executive compensation.
Stock BuybackBusiness Operations and Strategy
SilverCrest Announces $25 Million Share Repurchase Program
Positive
May 23, 2025
On May 23, 2025, Silvercrest Asset Management Group Inc. announced that its Board of Directors approved a share repurchase program authorizing the company to buy back up to $25 million of its outstanding Class A common stock. This initiative allows Silvercrest to repurchase shares through various methods, including market purchases and privately-negotiated transactions, and can be adjusted or discontinued at any time. The program reflects Silvercrest’s strategic decision to potentially enhance shareholder value and optimize its capital structure, although it does not obligate the company to repurchase any specific amount of shares.
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.