Stock FHI FEDERATED HERMES, INC.
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Financials Federated Hermes, Inc.

Equities

FHI

US3142111034

Investment Management & Fund Operators

Market Closed - Nyse
Other stock markets
 16:00:02 2024-04-26 EDT 		5-day change 1st Jan Change
32.8 USD -3.95% Intraday chart for Federated Hermes, Inc. -7.06% -3.13%
04-26 Transcript : Federated Hermes, Inc., Q1 2024 Earnings Call, Apr 26, 2024
04-25 Federated Hermes, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,167 2,762 3,491 3,080 2,767 2,633 - -
Enterprise Value (EV) 1 3,018 2,762 3,491 3,080 2,767 2,633 2,633 2,633
P/E ratio 12.1 x 8.94 x 13.7 x 13.7 x 9.96 x 9.04 x 8.12 x 7.64 x
Yield 3.31% 7.2% 2.87% 2.97% 3.28% 6.71% 3.84% 3.97%
Capitalization / Revenue 2.39 x 1.91 x 2.68 x 2.13 x 1.72 x 1.62 x 1.53 x 1.43 x
EV / Revenue 2.39 x 1.91 x 2.68 x 2.13 x 1.72 x 1.62 x 1.53 x 1.43 x
EV / EBITDA 8.47 x 6.16 x 8.81 x 8.44 x 6.68 x 6.14 x 5.57 x 5.76 x
EV / FCF 9.9 x 7.68 x - - 9.1 x 14.7 x 11 x 11.5 x
FCF Yield 10.1% 13% - - 11% 6.8% 9.12% 8.66%
Price to Book 3.04 x 2.52 x 3.15 x - 2.55 x 2.36 x 2.17 x 1.77 x
Nbr of stocks (in thousands) 97,179 95,587 92,891 84,822 81,718 80,272 - -
Reference price 2 32.59 28.89 37.58 36.31 33.86 32.80 32.80 32.80
Announcement Date 20-01-30 21-01-28 22-01-27 23-01-26 24-01-25 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,327 1,448 1,300 1,446 1,610 1,624 1,726 1,838
EBITDA 1 373.8 448.1 396.3 364.9 414.4 429 472.6 457
EBIT 1 347.9 418.2 366.3 336.8 387.5 414.4 446.7 429
Operating Margin 26.22% 28.87% 28.17% 23.29% 24.08% 25.53% 25.88% 23.34%
Earnings before Tax (EBT) 1 365.3 446.1 376.3 306.2 411.3 422.1 451.3 408
Net income 1 272.3 326.4 270.3 239.5 299 303.7 326.5 272
Net margin 20.52% 22.53% 20.78% 16.56% 18.58% 18.7% 18.91% 14.8%
EPS 2 2.690 3.230 2.750 2.650 3.400 3.626 4.041 4.292
Free Cash Flow 1 319.9 359.7 - - 303.9 179 240 228
FCF margin 24.11% 24.84% - - 18.88% 11.03% 13.9% 12.41%
FCF Conversion (EBITDA) 85.57% 80.28% - - 73.34% 41.72% 50.79% 49.89%
FCF Conversion (Net income) 117.46% 110.23% - - 101.65% 58.95% 73.51% 83.82%
Dividend per Share 2 1.080 2.080 1.080 1.080 1.110 2.200 1.259 1.301
Announcement Date 20-01-30 21-01-28 22-01-27 23-01-26 24-01-25 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 326.6 321.6 324.8 366 381.1 373.9 382.2 433.2 402.7 391.5 396.4 417.3 418.1 420.4 422.9
EBITDA 1 106.5 95.95 91.41 99.28 103.6 70.64 93.19 105.1 107.5 108.6 105 109 115 120 -
EBIT 1 98.4 88.58 83.95 92.32 96.78 63.75 85.17 98.39 101.4 102.6 98.58 110 107.1 103.9 101
Operating Margin 30.13% 27.54% 25.85% 25.22% 25.39% 17.05% 22.28% 22.71% 25.19% 26.2% 24.87% 26.36% 25.63% 24.71% 23.88%
Earnings before Tax (EBT) 1 96.65 91.63 72.21 69.65 89.21 75.15 92.48 100.5 101 117.3 104 110.4 107.3 105 103.9
Net income 1 71.36 68.56 55.86 57.66 69.48 56.5 69.6 72.18 75.03 82.18 75.03 79.76 77.16 75.2 75.46
Net margin 21.85% 21.32% 17.2% 15.75% 18.23% 15.11% 18.21% 16.66% 18.63% 20.99% 18.93% 19.11% 18.46% 17.89% 17.85%
EPS 2 0.7300 0.7100 0.6100 0.6400 0.7800 0.6300 0.7800 0.8100 0.8600 0.9600 0.8900 0.8628 0.9410 0.9415 0.9212
Dividend per Share 2 0.2700 0.2700 0.2700 0.2700 0.2700 0.2700 0.2700 0.2800 0.2800 0.2800 0.3060 0.3080 0.3093 0.3093 0.3255
Announcement Date 21-10-28 22-01-27 22-04-28 22-07-28 22-10-27 23-01-26 23-04-27 23-07-27 23-10-26 24-01-25 24-04-25 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 149 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 320 360 - - 304 179 240 228
ROE (net income / shareholders' equity) 28.7% 30% 24% 22.2% 27.5% 26.5% 27.9% 24.1%
ROA (Net income/ Total Assets) 15.9% 16.6% 13.3% 11.9% 15.7% 14.1% 15.3% 12.1%
Assets 1 1,712 1,970 2,040 2,019 1,902 2,136 2,161 2,248
Book Value Per Share 2 10.70 11.40 11.90 - 13.30 13.90 15.10 18.50
Cash Flow per Share 3.440 3.870 1.820 3.780 3.720 - - -
Capex 1 15 13.5 10.4 4.37 7.92 9.34 15.9 26
Capex / Sales 1.13% 0.93% 0.8% 0.3% 0.49% 0.57% 0.91% 1.41%
Announcement Date 20-01-30 21-01-28 22-01-27 23-01-26 24-01-25 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Federated Hermes, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
32.8 USD
Average target price
38.5 USD
Spread / Average Target
+17.38%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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