Houlihan Lokey, Inc.

Houlihan Lokey, Inc.

HLIยทNYSE

$138.43

+1.3%
Financial ServicesFinancial - Capital Markets

Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as advise financial sponsors on various transactions. The Financial Restructuring segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. It also provides a range of advisory services, including structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The Financial and Valuation Advisory segment offers valuations of various assets, such as companies, illiquid debt and equity securities, and intellectual property. It also provides fairness opinions in connection with M&A and other transactions, and solvency opinions in connection with corporate spin-offs and dividend recapitalizations; and other types of financial opinions. In addition, this segment offers dispute resolution services. It serves corporations, institutions, and governments. The company was incorporated in 1972 and is headquartered in Los Angeles, California with offices in the United States, Europe, the Middle East, and the Asia-Pacific region.

At a Glance

Live Snapshot
Market Cap$9.56B
EPS6.4000
P/E Ratio21.63
Earnings Date08/04/2026
Houlihan Lokey, Inc.

Houlihan Lokey, Inc. Fair Value Envelope

HLI ยท NYSE

Our analysis suggests that HLI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $138.43, this represents a potential HIDDEN relative to our calculated worth for Houlihan Lokey, Inc..

Intrinsic Value
Current Price: $138.43

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$7,643.5B
+ Cash & Equivalents$1.2B
Firm Value$7,644.7B
- Debt$0
Equity Value$7,644.7B
/ Shares Outstanding70,068,735B
DCF Value$109.1K
UNDERVALUED BY 78715%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.7B
$3.4B
$6.8B
$13.6B
$27.2B
$54.3B
$108.6B
$217.2B
$434.5B
$869.0B
Maintenance CapEx
-$15.9M
-$31.8M
-$63.5M
-$127.0M
-$254.1M
-$508.1M
-$1.0B
-$2.0B
-$4.1B
-$8.1B
Owner Earnings
$1.7B
$3.4B
$6.7B
$13.5B
$26.9B
$53.8B
$107.6B
$215.2B
$430.4B
$860.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.6B
$2.9B
$5.3B
$9.9B
$18.3B
$33.9B
$62.8B
$116.3B
$215.3B
$398.7B
Terminal Value represents 88.7% of Enterprise Value