Marcus & Millichap Inc (MMI) Files 10-K for the Fiscal Year Ended on December 31, 2018
- By insider
Marcus & Millichap Inc (MMI) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Marcus & Millichap, Inc. is a national brokerage firm engaged in commercial real estate investment sales, financing, research and advisory services. Marcus & Millichap Inc has a market cap of $1.5 billion; its shares were traded at around $38.62 with a P/E ratio of 17.45 and P/S ratio of 1.89. Marcus & Millichap Inc had annual average EBITDA growth of 26.30% over the past five years.
Warning! GuruFocus has detected 4 Warning Signs with MMI. Click here to check it out.
The intrinsic value of MMI
For the last quarter Marcus & Millichap Inc reported a revenue of $230.3 million, compared with the revenue of $202.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $814.8 million, an increase of 13.2% from last year. For the last five years Marcus & Millichap Inc had an average revenue growth rate of 11.7% a year.
The reported diluted earnings per share was $2.22 for the year, an increase of 68.2% from previous year. Over the last five years Marcus & Millichap Inc had an EPS growth rate of 37.8% a year. The Marcus & Millichap Inc had a decent operating margin of 13.78%, compared with the operating margin of 13.36% a year before. The 10-year historical median operating margin of Marcus & Millichap Inc is 13.04%. The profitability rank of the company is 8 (out of 10).
At the end of the fiscal year, Marcus & Millichap Inc has the cash and cash equivalents of $214.7 million, compared with $220.8 million in the previous year. The long term debt was $6.56 million, compared with $7.65 million in the previous year. The interest coverage to the debt is at a comfortable level of 80.2. Marcus & Millichap Inc has a financial strength rank of 9 (out of 10).
At the current stock price of $38.62, Marcus & Millichap Inc is traded at 14% premium to its historical median P/S valuation band of $33.87. The P/S ratio of the stock is 1.89, while the historical median P/S ratio is 1.69. The stock gained 23.39% during the past 12 months.
CFO Recent Trades:
CFO Martin E. Louie sold 7,000 shares of MMI stock on 02/22/2019 at the average price of $39.98. The price of the stock has decreased by 3.4% since.
Directors and Officers Recent Trades:
Executive VP and COO Mitchell R Labar sold 9,127 shares of MMI stock on 02/25/2019 at the average price of $39.44. The price of the stock has decreased by 2.08% since.
For the complete 20-year historical financial data of MMI, click here.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 4 Warning Signs with MMI. Click here to check it out.
The intrinsic value of MMI
