Professional
Added to YB: 2024-07-19
Pitch date: 2024-07-13
VCTR [bullish]
Victory Capital Holdings, Inc.
+29.86%
current return
Author Info
Merion Road Capital is a fund in Miami focused on value-oriented investing through rigorous fundamental analysis of a company's operations. Follow on Twitter/X.
Company Info
Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally.
Market Cap
$4.1B
Pitch Price
$48.94
Price Target
N/A
Dividend
3.09%
EV/EBITDA
8.38
P/E
16.23
EV/Sales
4.31
Sector
Capital Markets
Category
special_situation
Merion Road Capital Portfolio Holding: Victory Capital Holdings, Inc.
VCTR: Asset mgr w/ $175B AUM, 50% EBITDA margins. Amundi USA deal adds $104B AUM (38% of pro forma) for 26% equity. 5.2x synergized EBITDA, potential revenue upside from 15-yr Amundi distribution deal. Strong M&A track record (7 deals, 18B to 170B AUM). 45% FCF to dividends/buybacks since IPO. Repurchased at higher price post-deal announcement.
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