Diamond Hill Investment Group, Inc. (DHIL) 10-Year Financial Performance & Capital Metrics

DHIL • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementGlobal Diversified Asset Managers

AboutDiamond Hill Investment Group, Inc., through its subsidiary, Diamond Hill Capital Management, Inc., provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to its clients through pooled investment vehicles, including the Diamond Hill Funds, separately managed accounts, and model delivery programs. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent. The company was founded in 1990 and is based in Columbus, Ohio.Show more

Net Interest Income $298K
Total Revenue $151M +10.5%
Net Income $43M +2.3%
Return on Equity 26.75% +7.1%
Net Interest Margin 0.12%
Efficiency Ratio 16.08% +1.7%
ROA 18.1% +3.3%
Equity / Assets 66.32% -4.0%
Book Value per Share 58.95 +8.4%
Tangible BV/Share 58.95 +8.4%
Debt/Equity 0.04 +712.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 24.3%
✓Efficient operations: 16.1% efficiency ratio
✓Well capitalized: 66.3% equity/assets
✓Healthy dividend yield of 3.5%
✓Share count reduced 6.5% through buybacks

✗Weaknesses

✗Weak NIM of 0.1%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.75%

5Y2.03%

3Y-6.05%

TTM-

Profit (Net Income) CAGR

10Y3.18%

5Y-4.71%

3Y-16.51%

TTM-5.11%

EPS CAGR

10Y5.1%

5Y-0.42%

3Y-12.46%

TTM-2.21%

ROCE

10Y Avg30.75%

5Y Avg24.04%

3Y Avg22.63%

Latest21.66%

Peer Comparison

Global Diversified Asset Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SIISprott Inc.	2.97B	115.19	60.31	19.02%	29.28%	14.59%	2.27%
EMBJEmbraer S.A.	13.36B	73.93	38.51	21.38%	5.51%	10.43%	3.03%	0.78
BENFranklin Resources, Inc.	13.54B	25.97	28.54	3.45%	5.98%	3.61%	6.73%	0.94
BLKBlackRock, Inc.	179.4B	1156.65	27.53	14.27%	31.21%	9.86%	2.62%	0.29
IVZInvesco Ltd.	13.08B	29.39	24.91	6.13%	12.77%	6.75%	8.57%	0.48
SEICSEI Investments Company	10.6B	86.54	19.62	10.7%	27.35%	28.87%	5.34%	0.01
JHGJanus Henderson Group plc	7.15B	47.89	18.71	17.67%	16.53%	9.41%	9.57%	0.10
STTState Street Corporation	38.07B	136.29	16.60	19.64%	12.23%	10.78%		1.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	4.86M	987.24K	0	0	0	0	298.19K
NII Growth %	-	-	-	-	-0.8%	-1%	-	-	-	-
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	4.86M	987.24K	0	0	0	0	298.19K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Loan Loss Provision	51.28M	56.15M	59.17M	57.48M	69.54M	63.85M	84.26M	69.4M	79.59M	82.91M
Non-Interest Income+	124.43M	136.1M	145.2M	140.77M	135.64M	126.39M	182.19M	154.5M	136.72M	150.8M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	124.43M	136.1M	145.2M	145.63M	136.62M	126.39M	182.19M	154.5M	136.72M	151.1M
Revenue Growth %	0.19%	0.09%	0.07%	0%	-0.06%	-0.07%	0.44%	-0.15%	-0.12%	0.11%
Non-Interest Expense	14.42M	16.88M	19.03M	16.89M	19.15M	17M	21.68M	20.77M	21.62M	24.29M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	58.72M	63.07M	67M	71.26M	47.94M	45.54M	76.26M	64.33M	35.5M	43.89M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.24%	0.07%	0.06%	0.06%	-0.33%	-0.05%	0.67%	-0.16%	-0.45%	0.24%
Pretax Income+	57.98M	73.26M	81.02M	64.98M	78.44M	52.12M	101.64M	50.96M	58.58M	59.01M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	20.91M	26.67M	29.42M	18.67M	18.69M	13.96M	26.05M	14.09M	15.49M	15.83M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	37.07M	46.05M	49.99M	47.38M	54.96M	38.66M	74.2M	40.43M	42.23M	43.18M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.17%	0.24%	0.09%	-0.05%	0.16%	-0.3%	0.92%	-0.46%	0.04%	0.02%
Net Income (Continuing)	37.07M	46.59M	51.6M	46.31M	59.75M	38.17M	75.59M	36.87M	43.09M	43.18M
EPS (Diluted)+	10.86	13.49	14.48	13.18	15.99	12.03	23.34	13.01	14.32	15.66
EPS Growth %	0.14%	0.24%	0.07%	-0.09%	0.21%	-0.25%	0.94%	-0.44%	0.1%	0.09%
EPS (Basic)	10.86	13.50	14.49	13.19	15.99	12.03	23.34	13.01	14.32	15.66
Diluted Shares Outstanding	3.41M	3.41M	3.45M	3.51M	3.44M	3.21M	3.18M	3.11M	2.95M	2.76M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	57.47M	57.19M	76.6M	84.43M	93.18M	98.48M	80.55M	63.2M	46.99M	41.62M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	52.49M	108.02M	138.48M	203.49M	139.44M	128.4M	166.66M	145.68M	147.74M	159.75M
Investments Growth %	0.16%	1.06%	0.28%	0.47%	-0.31%	-0.08%	0.3%	-0.13%	0.01%	0.08%
Long-Term Investments	52.49M	108.02M	138.48M	203.49M	139.44M	128.4M	166.66M	145.68M	147.74M	159.75M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	4.25M	4.03M	4.06M	3.68M	5.73M	6.74M	6.1M	4.35M	2.59M	8.38M
Other Assets	0	0	0	0	0	0	0	0	0	0
Total Current Assets	79.24M	78.94M	102.01M	107.09M	117.11M	119.52M	103.55M	85.42M	70.17M	67.08M
Total Non-Current Assets	65.95M	120.78M	148.38M	218.63M	155.56M	143.58M	182.6M	164.4M	161.92M	178.05M
Total Assets+	145.19M	199.72M	250.39M	325.73M	272.66M	263.1M	286.15M	249.82M	232.09M	245.13M
Asset Growth %	0.35%	0.38%	0.25%	0.3%	-0.16%	-0.04%	0.09%	-0.13%	-0.07%	0.06%
Return on Assets (ROA)	0.29%	0.27%	0.22%	0.16%	0.18%	0.14%	0.27%	0.15%	0.18%	0.18%
Accounts Payable	7.65M	0	0	15.56M	8.67M	8M	8.59M	9.18M	0	5.6M
Total Debt+	0	0	0	0	0	0	0	0	768.92K	6.34M
Net Debt	-57.47M	-57.19M	-76.6M	-84.43M	-93.18M	-98.48M	-80.55M	-63.2M	-46.22M	-35.29M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	10.24M	14.18M	20.48M	22.39M	30.34M	33.24M	37.35M	30.74M	36.09M	39.13M
Total Current Liabilities	29.64M	32.47M	37.39M	45.08M	35.29M	36.4M	46.63M	41.28M	34.92M	37.1M
Total Non-Current Liabilities	10.24M	14.18M	20.48M	22.39M	30.34M	33.24M	37.35M	30.74M	36.86M	45.46M
Total Liabilities	39.87M	46.65M	57.87M	67.47M	65.63M	69.64M	83.97M	72.02M	71.78M	82.56M
Total Equity+	105.31M	153.06M	192.52M	258.26M	207.03M	193.45M	202.18M	177.8M	160.32M	162.56M
Equity Growth %	0.42%	0.45%	0.26%	0.34%	-0.2%	-0.07%	0.05%	-0.12%	-0.1%	0.01%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.41%	0.36%	0.29%	0.21%	0.24%	0.19%	0.38%	0.21%	0.25%	0.27%
Book Value per Share	30.84	44.84	55.77	73.48	60.24	60.18	63.59	57.21	54.37	58.95
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	102.54M	109.29M	118.21M	124.93M	95.85M	80.81M	80.43M	51.69M	22.16M	28.48M
Additional Paid-in Capital	102.54M	109.29M	118.21M	124.93M	0	0	0	0	0	0
Retained Earnings	22.07M	47.66M	73.37M	92.65M	117.33M	118.02M	119.26M	128.99M	153.54M	149.67M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	13.84M	20.08M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	52.03M	20.07M	60.92M	28.13M	56.97M	59.77M	26.31M	39.48M	34.67M	16.6M
Operating CF Growth %	0.22%	-0.61%	2.04%	-0.54%	1.03%	0.05%	-0.56%	0.5%	-0.12%	-0.52%
Net Income	37.07M	46.59M	51.6M	46.31M	59.75M	38.17M	75.59M	36.87M	43.09M	43.18M
Depreciation & Amortization	625.79K	712.11K	888.2K	1.16M	1.16M	992.84K	1.28M	1.38M	1.29M	1.22M
Deferred Taxes	-376.39K	-1.37M	0	0	0	0	0	0	0	0
Other Non-Cash Items	-660.91K	-13.04M	-9.73M	14.3M	-21.06M	-3.01M	-19.88M	17.66M	-16.54M	-8.08M
Working Capital Changes	6.82M	-21.02M	9.58M	-42.54M	8.02M	15.88M	-38.1M	-27.08M	-4.86M	-31.54M
Cash from Investing+	-11.88M	-5.73M	-18.55M	-4.26M	10.86M	8.41M	27.26M	6.03M	-4.21M	30.51M
Purchase of Investments	-22.1M	-25.95M	-21.04M	-6.33M	-37.07M	-14.85M	-21.4M	-7.61M	-19.47M	-15.13M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	1.16M	1M	500K	0	0	0	0	0	0
Other Investing	0	0	-1M	-500K	0	0	9M	6.81M	0	0
Cash from Financing+	-18.46M	-14.63M	-22.95M	-16.04M	-59.08M	-62.88M	-71.5M	-62.87M	-46.67M	-52.48M
Dividends Paid	-17.03M	-20.47M	-24.28M	-28.09M	-30.28M	-37.98M	-72.96M	-30.7M	-17.68M	-16.53M
Share Repurchases	-4.32M	-10.03M	-4.97M	-9.15M	-40.14M	-20.59M	-9.45M	-42.16M	-39.75M	-36.52M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	2.9M	15.87M	6.29M	21.21M	11.34M	-4.31M	10.9M	9.99M	10.76M	573.1K
Net Change in Cash+	21.7M	-284.9K	19.41M	7.83M	8.75M	5.3M	-17.93M	-17.36M	-16.2M	-5.37M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	35.78M	57.47M	57.19M	76.6M	84.43M	93.18M	98.48M	80.55M	63.2M	46.99M
Cash at End	57.47M	57.19M	76.6M	84.43M	93.18M	98.48M	80.55M	63.2M	46.99M	41.62M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	24.14M	19.64M	29.53M	17.41M	24.23M	8.42M	26.4M	20.88M	12.86M	14.09M
Free Cash Flow+	50.48M	19.59M	59.81M	27.35M	56.26M	57.32M	25.21M	39.38M	34.65M	15.24M
FCF Growth %	0.23%	-0.61%	2.05%	-0.54%	1.06%	0.02%	-0.56%	0.56%	-0.12%	-0.56%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	41.28%	35.65%	28.93%	21.02%	23.62%	19.31%	37.51%	21.28%	24.98%	26.75%
Return on Assets (ROA)	29.32%	26.7%	22.21%	16.45%	18.37%	14.43%	27.02%	15.09%	17.52%	18.1%
Net Interest Margin	0%	0%	0%	1.49%	0.36%	0%	0%	0%	0%	0.12%
Efficiency Ratio	11.59%	12.41%	13.11%	11.6%	14.01%	13.45%	11.9%	13.44%	15.81%	16.08%
Equity / Assets	72.54%	76.64%	76.89%	79.29%	75.93%	73.53%	70.65%	71.17%	69.07%	66.32%
Book Value / Share	30.84	44.84	55.77	73.48	60.24	60.18	63.59	57.21	54.37	58.95
NII Growth	-	-	-	-	-79.67%	-100%	-	-	-	-
Dividend Payout	45.94%	44.44%	48.57%	59.3%	55.09%	98.23%	98.33%	75.92%	41.86%	38.29%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Investment Advisory Services	-	-	-	-	144.33M	129.18M	143.34M
Investment Advisory Services Growth	-	-	-	-	-	-10.49%	10.96%
Mutual Fund Administrative Services	-	-	-	12.06M	10.17M	7.54M	7.75M
Mutual Fund Administrative Services Growth	-	-	-	-	-15.64%	-25.89%	2.87%
Administration Revenue Gross	24.46M	22.57M	22.3M	29.64M	-	-	-
Administration Revenue Gross Growth	-	-7.74%	-1.21%	32.92%	-	-	-
Administration Revenue, net of related expense	10.28M	8.58M	7.25M	12.07M	-	-	-
Administration Revenue, net of related expense Growth	-	-16.53%	-15.54%	66.55%	-	-	-
Broker Commission	332.68K	240.46K	245.59K	33.59K	-	-	-
Broker Commission Growth	-	-27.72%	2.14%	-86.32%	-	-	-
Financing Activity	29.77K	34.16K	14.8K	-14.93K	-	-	-
Financing Activity Growth	-	14.74%	-56.67%	-200.83%	-	-	-
12b-1/Service Fees And Commissions	-	-	-	-	-	-	-
12b-1/Service Fees And Commissions Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Diamond Hill Investment Group, Inc. (DHIL) has a price-to-earnings (P/E) ratio of 10.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Diamond Hill Investment Group, Inc. (DHIL) grew revenue by 10.5% over the past year. This is steady growth.

Yes, Diamond Hill Investment Group, Inc. (DHIL) is profitable, generating $46.9M in net income for fiscal year 2024 (28.6% net margin).

Dividend & Returns

Yes, Diamond Hill Investment Group, Inc. (DHIL) pays a dividend with a yield of 3.52%. This makes it attractive for income-focused investors.

Diamond Hill Investment Group, Inc. (DHIL) has a return on equity (ROE) of 26.7%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Diamond Hill Investment Group, Inc. (DHIL) has a net interest margin (NIM) of 0.1%. NIM has been under pressure due to interest rate environment.

Diamond Hill Investment Group, Inc. (DHIL) has an efficiency ratio of 16.1%. This is excellent, indicating strong cost control.

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