NASDAQ$SAMG

Silvercrest Asset Manageme-A · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong financial results with new high earnings marks, driven by discretionary AUM increase and strong markets.

Silvercrest Asset Management Group Inc. reported Q4 2021 results, featuring a revenue of $33.8 million and adjusted EBITDA of $13.0 million. Discretionary AUM increased by $2.6 billion to $25.1 billion, and total AUM concluded the quarter at $32.3 billion.

  • Total AUM reached $32.3 billion, including $25.1 billion in discretionary AUM and $7.2 billion in non-discretionary AUM.
  • Revenue amounted to $33.8 million.
  • GAAP consolidated net income and net income attributable to Silvercrest were $8.6 million and $5.1 million, respectively.
  • Adjusted EBITDA was $13.0 million.

Headline financials

Total Revenue

$33.8M

Previous: $28.4M+19.0%
EPS (adj)

$0.58

Previous: $0.31+87.1%
Total AUM

$32.3B

Previous: $27.8B+16.2%
Discretionary AUM

$25.1B

Previous: $20.6B+21.8%
Non-Discretionary AUM

$7.2B

Previous: $7.2B+0.0%
Adjusted EBITDA

$13M

Previous: $7.3M+78.3%
Adjusted EBITDA Margin

38.5%

Previous: 25.7%+49.8%
Capital Expenditures

$278K

Previous: $173K+60.7%
Free Cash Flow

$22.4M

Previous: $16.6M+34.9%
Net Income

$8.6M

Previous: $3.53M+143.8%
Operating Income

$9.31M

Previous: $3.36M+177.0%
Gross Profit

$16.1M

Previous: $10.3M+57.2%
Cash & Equivalents

$85.7M

Previous: $62.5M+37.2%
Total Assets

$229M

Previous: $214M+7.3%
Stock-Based Comp

$319K

Previous: $203K+57.1%

Revenue & EPS history

Silvercrest · Revenue · Quarterly

$33.8M

Q4 2021+19%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Silvercrest · $31.2M total across 2 segments · Q1 2021

  • Management & Advisory
    $30.2M+10.3%
  • Family Office Services
    $1.03M+5.6%

Forward guidance

The company did not provide forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.6%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

45%

24 / 53 earnings

Positive

+10.3%

Q4 2021

Best reaction

-10.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-10.1%-16.5%
Q4 2025+2.6%-5.6%-3.8%
Q3 2025-0.5%-2.7%-3.8%
Q1 2025-10.1%-9.0%-7.2%
Q4 2024-1.3%-1.8%-11.4%
Q3 2024-6.6%-3.4%+4.4%
Q2 2024-9.1%-14.2%-8.6%
Q1 2024-1.8%+2.1%+3.6%
Q4 2023-6.0%-6.9%-11.6%
Q3 2023+0.3%-5.4%-9.9%
Q2 2023-4.1%-4.0%-11.6%
Q1 2023-2.1%+8.2%+12.8%
Q4 2022-1.5%-1.2%+2.9%
Q3 2022+0.1%-0.9%+6.4%
Q2 2022+3.8%+1.4%+11.5%
Q1 2022-0.4%-8.9%+1.5%
Q4 2021+10.3%+3.8%+26.8%
Q3 2021+1.2%+1.4%-2.3%
Q2 2021+4.5%+10.6%+6.6%
Q1 2021+1.5%-2.0%+18.8%
Q4 2020+3.5%+5.2%-0.1%
Q3 2020-7.8%+6.5%+19.4%
Q2 2020-1.3%+11.1%+12.8%
Q1 2020-5.1%-6.4%+5.5%
Q4 2019-6.5%-17.3%-24.4%
Q3 2019+3.7%+7.9%+5.5%
Q2 2019-5.1%-1.0%-8.8%
Q1 2019+3.1%+1.7%-8.2%
Q4 2018-5.9%-0.3%-6.7%
Q3 2018+1.2%-2.0%-2.9%
Q2 2018-2.6%-4.0%-9.2%
Q1 2018+0.0%+0.3%+3.9%
Q4 2017-3.8%-0.6%-3.4%
Q3 2017+3.1%+0.9%-4.9%
Q2 2017+0.4%+0.8%-1.6%
Q1 2017-2.3%+2.7%+3.9%
Q4 2016-5.9%-3.3%-5.9%
Q3 2016+3.2%+5.0%+17.6%
Q2 2016+0.4%-1.9%+1.9%
Q1 2016-0.4%
Q4 2015+4.9%
Q3 2015-2.8%
Q2 2015+4.8%
Q1 2015-2.6%
Q4 2014+3.2%
Q3 2014-1.9%
Q2 2014+2.6%
Q1 2013+3.8%
Q1 2014-1.8%
Q4 2013+2.2%
Q4 2012-1.5%
Q3 2013+2.6%
Q2 2013+0.6%
Q3 2012
Q2 2012
Q1 2012

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