A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
DIAMOND HILL INVESTMENT GROUP INC
DHIL
$461M
Mkt Cap
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a current P/E ratio of 9.6, compared to its historical median P/E of 9.2. The stock is currently considered Fair based on its historical valuation range.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a 5-year average return on invested capital (ROIC) of 29.0%. This indicates strong capital allocation and a potential competitive advantage.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a market capitalization of $468M. It is classified as a small-cap stock.
Yes, DIAMOND HILL INVESTMENT GROUP INC (DHIL) pays a dividend with a trailing twelve-month yield of 5.81%. The company also returns capital through share buybacks, with a buyback yield of 3.61%.
Based on historical P/E analysis, DIAMOND HILL INVESTMENT GROUP INC (DHIL) appears fair. The current P/E of 9.6 is 5% above its historical median of 9.2. The estimated fair value CAGR (P/E method) is 2.3%.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) operates in the Investment Advice industry, within the Financials sector.
Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K (this “Form 10-K”), the documents incorporated herein by reference and statements, whether oral or written, made from time to time by representatives of Diamond Hill Investment Group, Inc., an Ohio corporation organized in 1990 (“DHIL”, and collectively with its subsidiaries, the “Company”), may contain or incorporate “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the “PSLR Act”), Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such statements are provided under the “safe harbor” protection of the PSLR Act.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 147M | 147M | 151M | 137M | 154M | 182M |
| Net Income | 49M | 49M | 43M | 42M | 40M | 74M |
| EPS | $17.91 | $17.91 | $15.66 | $14.32 | $13.01 | $23.34 |
| Free Cash Flow | -9.1M | -9.1M | 15M | 35M | 39M | 25M |
| ROIC | 20.0% | 28.8% | 26.8% | 26.1% | 23.2% | 40.3% |
| Gross Margin | 50.7% | 50.7% | 50.6% | 48.3% | 54.4% | 59.6% |
| Debt/Equity | 0.00 | 0.48 | 0.51 | 0.45 | 0.44 | 0.46 |
| Dividends/Share | $9.99 | $9.99 | $6.00 | $6.00 | $10.00 | $23.00 |
| Operating Income | 37M | 37M | 44M | 36M | 64M | 76M |
| Operating Margin | 25.0% | 25.0% | 29.0% | 26.0% | 41.6% | 41.9% |
| ROE | 27.6% | 28.8% | 26.8% | 26.1% | 23.2% | 40.3% |
| Shares Outstanding | 3M | 3M | 3M | 3M | 3M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 105M | 124M | 136M | 145M | 146M | 137M | 126M | 182M | 154M | 137M | 151M | 147M | 147M |
| Gross Margin | 58.0% | 61.5% | 61.6% | 62.2% | 61.6% | 55.9% | 53.9% | 59.6% | 54.4% | 48.3% | 50.6% | 50.7% | 50.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 8.1M | 10M | 13M | 14M | 12M | 13M | 11M | 14M | 14M | 15M | 17M | 20M | 20M |
| EBIT | 47M | 59M | 63M | 67M | 71M | 48M | 46M | 76M | 64M | 36M | 44M | 37M | 37M |
| Op. Margin | 45.4% | 47.2% | 46.3% | 46.1% | 48.9% | 35.1% | 36.0% | 41.9% | 41.6% | 26.0% | 29.0% | 25.0% | 25.0% |
| Net Income | 32M | 37M | 46M | 50M | 47M | 55M | 39M | 74M | 40M | 42M | 43M | 49M | 49M |
| Net Margin | 30.2% | 29.8% | 33.8% | 34.4% | 32.5% | 40.2% | 30.6% | 40.7% | 26.2% | 30.9% | 28.6% | 33.1% | 33.1% |
| Non-Recurring | 0 | 0 | 2.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 53.0% | 41.3% | 37.7% | 32.1% | 25.7% | 28.3% | 20.5% | 40.3% | 23.2% | 26.1% | 26.8% | 28.8% | 20.0% |
| ROE | 53.0% | 41.3% | 37.7% | 32.1% | 25.7% | 28.3% | 20.5% | 40.3% | 23.2% | 26.1% | 26.8% | 28.8% | 27.6% |
| ROA | 34.5% | 29.3% | 26.7% | 22.2% | 16.4% | 18.4% | 14.4% | 27.0% | 15.1% | 17.5% | 18.1% | 19.3% | 18.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 43M | 52M | 20M | 61M | 28M | 57M | 60M | 26M | 39M | 35M | 17M | -6.6M | -6.6M |
| Free Cash Flow | 41M | 50M | 20M | 60M | 27M | 56M | 57M | 25M | 39M | 35M | 15M | -9.1M | -9.1M |
| Owner Earnings | 35M | 43M | 11M | 51M | 18M | 47M | 51M | 18M | 27M | 22M | 3.6M | -21M | -21M |
| CapEx | 1.5M | 1.6M | 485K | 1.1M | 782K | 708K | 2.5M | 1.1M | 101K | 22K | 1.4M | 2.4M | 2.4M |
| Maint. CapEx | 302K | 626K | 712K | 888K | 1.2M | 1.2M | 993K | 1.3M | 1.4M | 1.3M | 1.2M | 1.2M | 1.2M |
| Growth CapEx | 1.2M | 925K | 0 | 218K | 0 | 0 | 1.5M | 0 | 0 | 0 | 139K | 1.2M | 1.2M |
| D&A | 302K | 626K | 712K | 888K | 1.2M | 1.2M | 993K | 1.3M | 1.4M | 1.3M | 1.2M | 1.2M | 1.2M |
| CapEx/OCF | 3.5% | 3.0% | 2.4% | 1.8% | 2.8% | 1.2% | 4.1% | 4.2% | 0.3% | 0.1% | 8.2% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 13M | 17M | 20M | 24M | 28M | 30M | 38M | 73M | 31M | 18M | 17M | 27M | 27M |
| Dividend Yield | 5.9% | 5.0% | 5.7% | 5.9% | 6.9% | 9.7% | 13.8% | 17.5% | 6.6% | 4.0% | 4.3% | 7.4% | 5.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 7.2M | 39M | 19M | 7.8M | 39M | 35M | 30M | 17M | 17M |
| Buyback Yield | N/A | N/A | N/A | N/A | 2.2% | 11.7% | 5.2% | 1.5% | 8.2% | 7.9% | 7.6% | 3.7% | 3.6% |
| Stock-Based Comp | 7.3M | 8.6M | 8.2M | 8.6M | 8.9M | 9.1M | 7.7M | 7.4M | 11M | 12M | 12M | 13M | 13M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -42M |
| Cash & Equiv. | 36M | 57M | 57M | 77M | 84M | 93M | 98M | 81M | 63M | 47M | 42M | 42M | 42M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.45 | 0.38 | 0.34 | 0.34 | 0.34 | 0.34 | 0.38 | 0.46 | 0.44 | 0.45 | 0.51 | 0.48 | 0.00 |
| Interest Coverage | N/A | N/A | 4004.9 | N/A | 90.6 | 474.6 | 31190.5 | 3390.8 | N/A | N/A | N/A | N/A | N/A |
| Equity | 74M | 105M | 139M | 172M | 196M | 193M | 184M | 184M | 164M | 160M | 162M | 176M | 176M |
| Total Assets | 108M | 145M | 200M | 250M | 326M | 273M | 263M | 286M | 250M | 232M | 245M | 260M | 260M |
| Total Liabilities | 33M | 40M | 47M | 58M | 67M | 66M | 70M | 84M | 72M | 72M | 83M | 84M | 84M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 2.0M | 22M | 48M | 73M | 93M | 117M | 118M | 119M | 129M | 154M | 150M | 154M | 154M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 9.67 | 11.03 | 13.49 | 14.48 | 13.48 | 15.99 | 12.03 | 23.34 | 13.01 | 14.32 | 15.66 | 17.91 | 17.91 |
| Owner EPS | 10.72 | 12.75 | 3.27 | 14.90 | 5.14 | 13.59 | 15.88 | 5.54 | 8.83 | 7.35 | 1.29 | -7.79 | -7.79 |
| Book Value | 22.76 | 31.33 | 40.78 | 49.95 | 55.65 | 56.11 | 57.28 | 58.01 | 52.66 | 54.37 | 58.87 | 64.80 | 64.80 |
| Cash Flow/Share | 13.05 | 15.48 | 5.88 | 17.65 | 8.00 | 16.57 | 18.60 | 8.28 | 12.70 | 11.76 | 6.02 | -2.43 | 18.35 |
| Dividends/Share | 4.00 | 5.00 | 6.00 | 7.00 | 8.00 | 9.00 | 12.00 | 23.00 | 10.00 | 6.00 | 6.00 | 9.99 | 9.99 |
| Shares Out. | 3.3M | 3.4M | 3.4M | 3.5M | 3.5M | 3.4M | 3.2M | 3.2M | 3.1M | 2.9M | 2.8M | 2.7M | 2.7M |
| Valuation | |||||||||||||
| P/E Ratio | 8.2 | 9.8 | 9.2 | 8.7 | 7.0 | 6.0 | 9.3 | 6.8 | 11.7 | 10.3 | 9.2 | 9.4 | 9.6 |
| P/FCF | 6.3 | 7.2 | 21.5 | 7.3 | 12.2 | 5.9 | 6.3 | 20.2 | 12.0 | 12.6 | 26.0 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.6 |
| Price/Book | 3.5 | 3.5 | 3.0 | 2.5 | 1.7 | 1.7 | 2.0 | 2.8 | 2.9 | 2.7 | 2.4 | 2.6 | 2.7 |
| Price/Sales | 2.1 | 2.7 | 2.7 | 2.8 | 2.8 | 2.3 | 2.2 | 2.3 | 3.0 | 3.2 | 2.6 | 2.5 | 3.2 |
| FCF Yield | 15.9% | 13.8% | 4.6% | 13.8% | 8.2% | 17.0% | 15.9% | 5.0% | 8.3% | 8.0% | 3.8% | -2.0% | -1.9% |
| Market Cap | 259M | 365M | 422M | 435M | 334M | 332M | 359M | 508M | 474M | 436M | 396M | 461M | 468M |
| Avg. Price | 68.28 | 100.80 | 105.99 | 119.11 | 115.52 | 90.72 | 85.33 | 130.79 | 149.26 | 148.62 | 140.94 | 134.80 | 171.73 |
| Year-End Price | 79.23 | 108.45 | 123.53 | 125.90 | 95.03 | 96.51 | 111.83 | 159.87 | 152.58 | 147.79 | 143.72 | 169.22 | 171.73 |
DIAMOND HILL INVESTMENT GROUP INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
DIAMOND HILL INVESTMENT GROUP INC trades at 9.6x trailing earnings, compared to its 15-year median P/E of 9.2x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 29.0% with a gross margin of 52.7%. Total shareholder yield (dividends + buybacks) is 9.4%. At current prices, the estimated annualized return to fair value is -5.3%.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) reported annual revenue of $147 million in its most recent fiscal year, based on SEC EDGAR filings.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a net profit margin of 33.1%. This is a strong margin indicating high profitability.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) generated $-9 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a debt-to-equity ratio of 0.48. This indicates a conservatively financed balance sheet.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) reported earnings per share (EPS) of $17.91 in its most recent fiscal year.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a return on equity (ROE) of 28.8%. This indicates the company generates strong returns for shareholders.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a 5-year average gross margin of 52.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for DIAMOND HILL INVESTMENT GROUP INC (DHIL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DIAMOND HILL INVESTMENT GROUP INC (DHIL) has a book value per share of $64.80, based on its most recent annual SEC filing.