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Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 67.6GRADE B
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
14.0%
Sector: 8.5%
Dividend Analysis audit
INCOME
5.14%
Trailing Yield
$5.14
Per $100 Invested
Solid dividend yield for income-focused strategies.
Est. Payout Ratio
43%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, Silvercrest Asset Management Group Inc. (SAMG) receives a "Hold" rating with a composite score of 51.5/100, ranked #1266 out of 4446 stocks. Key factor scores: Quality 68/100, Value 70/100, Momentum 34/100. This is quantitative analysis only — not investment advice.
Silvercrest Asset Management Group Inc. (SAMG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Silvercrest Asset Management Group Inc. Do?
Silvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors. It also manages funds of funds and other investment funds. The company was founded in 2002 and is headquartered in New York, New York. Silvercrest Asset Management Group Inc. (SAMG) is classified as a micro-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO Richard R. Hough and employs approximately 150 people, headquartered in NEW YORK, New York. With a market capitalization of $103M, SAMG is one of the notable companies in the Financials sector.
Silvercrest Asset Management Group Inc. (SAMG) Stock Rating — Hold (April 2026)
As of April 2026, Silvercrest Asset Management Group Inc. receives a Hold rating with a composite score of 51.5/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.SAMG ranks #1,266 out of 4,446 stocks in our coverage universe. Within the Financials sector, Silvercrest Asset Management Group Inc. ranks #389 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
SAMG Stock Price and 52-Week Range
Silvercrest Asset Management Group Inc. (SAMG) currently trades at $12.94. The stock lost $0.22 (1.7%) in the most recent trading session. The 52-week high for SAMG is $16.99, which means the stock is currently trading -23.8% from its annual peak. The 52-week low is $13.02, putting the stock -0.6% above its annual trough. Recent trading volume was 33K shares, suggesting relatively thin trading activity.
Is SAMG Overvalued or Undervalued? — Valuation Analysis
Silvercrest Asset Management Group Inc. (SAMG) carries a value factor score of 70/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 8.33x, compared to the Financials sector average of 14.88x — a discount of 44%. The price-to-book ratio stands at 1.17x, versus the sector average of 1.22x. The price-to-sales ratio is 0.80x, compared to 0.90x for the average Financials stock. On an enterprise value basis, SAMG trades at 6.76x EV/EBITDA, versus 3.26x for the sector.
Based on these multiples, Silvercrest Asset Management Group Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
Silvercrest Asset Management Group Inc. Profitability — ROE, Margins, and Quality Score
Silvercrest Asset Management Group Inc. (SAMG) earns a quality factor score of 68/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 14.0%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 7.1% versus the sector average of 1.2%.
On a margin basis, Silvercrest Asset Management Group Inc. reports gross margins of 0.0%. The operating margin is 11.9% (sector: 21.8%). Net profit margin stands at 9.6%, versus 17.7% for the average Financials stock. Revenue growth is running at 1.0% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
SAMG Debt, Balance Sheet, and Financial Health
Silvercrest Asset Management Group Inc. has a debt-to-equity ratio of 96.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.04x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $36M.
SAMG has a beta of 0.54, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Silvercrest Asset Management Group Inc. is 79/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
Silvercrest Asset Management Group Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Silvercrest Asset Management Group Inc. reported revenue of $124M and earnings per share (EPS) of $0.56. Net income for the quarter was $12M. Gross margin was 0.0%. Operating income came in at $15M.
In FY 2025, Silvercrest Asset Management Group Inc. reported revenue of $125M and earnings per share (EPS) of $0.56. Net income for the quarter was $8M. Revenue grew 1.3% year-over-year compared to FY 2024. Operating income came in at $9M.
In Q3 2025, Silvercrest Asset Management Group Inc. reported revenue of $31M and earnings per share (EPS) of $0.07. Net income for the quarter was $1M. Revenue grew 2.9% year-over-year compared to Q3 2024. Operating income came in at $1M.
In Q2 2025, Silvercrest Asset Management Group Inc. reported revenue of $31M and earnings per share (EPS) of $0.21. Net income for the quarter was $3M. Revenue grew -1.0% year-over-year compared to Q2 2024. Operating income came in at $4M.
Over the past 8 quarters, Silvercrest Asset Management Group Inc. has demonstrated a growth trajectory, with revenue expanding from $31M to $124M. Investors analyzing SAMG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
SAMG Dividend Yield and Income Analysis
Silvercrest Asset Management Group Inc. (SAMG) currently pays a dividend yield of 5.1%. At this yield, a $10,000 investment in SAMG stock would generate approximately $$514.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning SAMG offers above-average income for its sector. The net margin of 9.6% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
SAMG Momentum and Technical Analysis Profile
Silvercrest Asset Management Group Inc. (SAMG) has a momentum factor score of 34/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 10/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
SAMG vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing SAMG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SAMG vs S&P 500 (SPY) comparison to assess how Silvercrest Asset Management Group Inc. stacks up against the broader market across all factor dimensions.
SAMG Next Earnings Date
No upcoming earnings date has been announced for Silvercrest Asset Management Group Inc. (SAMG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy SAMG? — Investment Thesis Summary
Silvercrest Asset Management Group Inc. presents a balanced picture with arguments on both sides. The quality score of 68/100 indicates above-average profitability and business fundamentals. The value score of 70/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 34/100, a headwind for near-term performance. Low volatility (stability score 79/100) reduces downside risk.
In summary, Silvercrest Asset Management Group Inc. (SAMG) earns a Hold rating with a composite score of 51.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SAMG stock.
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Institutional Research Dossier
Silvercrest Asset Management Group Inc. (SAMG) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Silvercrest Asset Management Group Inc. (SAMG) receives a Hold rating, reflecting a balanced view of its strengths and weaknesses. While the company exhibits strong profitability and attractive valuation metrics compared to the sector, its sluggish revenue growth and negative free cash flow raise concerns about its long-term sustainability and growth potential. The current valuation appears fair, but significant improvements in revenue generation and cash flow are needed to justify a more bullish outlook.
The company's focus on ultra-high net worth individuals provides a degree of stability, but its relatively small market capitalization and dependence on key personnel create vulnerabilities. The Hold rating acknowledges the potential for upside if SAMG can successfully execute its growth strategy and improve its financial performance, but also recognizes the downside risks associated with its current challenges.
Business Strategy & Overview
Silvercrest Asset Management Group operates as a wealth management firm catering primarily to ultra-high net worth individuals and families. The company generates revenue through fees based on assets under management (AUM), as well as performance-based fees. Their core strategy revolves around providing personalized financial advisory and family office services, including investment management, financial planning, and estate planning. This high-touch approach aims to build long-term relationships with clients and attract new clients through referrals and reputation.
The firm's strategic positioning emphasizes a client-centric approach, focusing on delivering customized investment solutions tailored to individual needs and goals. Silvercrest differentiates itself through its independent structure, which allows it to offer unbiased advice and avoid conflicts of interest inherent in larger, integrated financial institutions. The company also emphasizes its experienced team of investment professionals and its commitment to rigorous research and due diligence.
Silvercrest's growth strategy involves both organic expansion and strategic acquisitions. Organic growth is driven by attracting new clients and increasing AUM from existing clients. The company also seeks to expand its service offerings and geographic reach through acquisitions of complementary wealth management firms. These acquisitions are intended to enhance Silvercrest's capabilities and broaden its client base.
The wealth management industry is highly competitive, with numerous players ranging from large, global firms to smaller, boutique firms. Silvercrest competes with these firms based on its personalized service, independent structure, and investment expertise. The industry is also subject to regulatory changes and market fluctuations, which can impact AUM and revenue. The company must navigate these challenges to maintain its competitive position and achieve its growth objectives.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
1.0%
Sector: 9.4%
-90% VS SCTR
Economic Moat Analysis
Silvercrest's economic moat can be classified as Narrow. The company benefits from a degree of client stickiness due to the high-touch, personalized nature of its services and the strong relationships its advisors build with clients. Switching wealth managers can be a complex and time-consuming process, creating some inertia that favors incumbents. However, this switching cost is not insurmountable, particularly if clients become dissatisfied with performance or service.
The company's reputation and brand recognition within the ultra-high net worth segment also contribute to its narrow moat. A strong reputation for integrity and investment expertise can attract new clients and retain existing ones. However, brand recognition in the wealth management industry is often localized and dependent on the individual advisors within the firm. This makes it difficult to build a truly wide moat based solely on brand.
Silvercrest does not possess significant cost advantages or efficient scale. The wealth management business is inherently labor-intensive, and the company's operating margins are relatively low compared to the sector average. This suggests that Silvercrest does not have a significant cost advantage over its competitors. Furthermore, the company's relatively small size limits its ability to achieve economies of scale.
The absence of a wide moat is reflected in the company's relatively low revenue growth rate and its vulnerability to market fluctuations and client attrition. While Silvercrest's focus on ultra-high net worth individuals provides some stability, it also limits its potential for rapid growth. The company's reliance on key personnel also creates a vulnerability, as the departure of a key advisor could lead to client defections.
Financial Health & Profitability
Silvercrest's financial health presents a mixed picture. While the company boasts a strong balance sheet with no debt and a healthy current ratio of 2.04, its recent financial performance raises some concerns. Revenue growth has been sluggish, with a mere 1.0% increase in the latest fiscal year. This is significantly below the sector average of 9.3%, indicating potential challenges in attracting new clients or growing AUM.
Profitability metrics, such as ROE (14.0%), are favorable compared to the sector average (8.5%), suggesting efficient capital utilization. However, operating and net margins (11.9% and 9.6%, respectively) lag behind the sector averages (22.0% and 17.8%, respectively), indicating potential inefficiencies in cost management or pricing strategies. The trend in operating margin is also concerning, declining from 19.5% in Q1 FY2024 to 4.3% in Q3 FY2025.
The most alarming aspect of Silvercrest's financial health is its negative free cash flow of -$92.52 million. This suggests that the company is not generating enough cash from its operations to cover its investments and other cash outflows. While the company has a substantial cash balance of $36.13 million, continued negative free cash flow could erode this cushion over time.
Analyzing the quarterly financial history reveals a fluctuating pattern in revenue and net income. While revenue has remained relatively stable, net income has been more volatile, reflecting variations in operating expenses and other factors. The decline in operating margin in recent quarters is a particularly concerning trend that warrants further investigation. The lack of free cash flow data in the quarterly history makes it difficult to assess the company's cash flow generation capabilities over time.
Valuation Assessment
Silvercrest's valuation presents a mixed picture. The company's P/E ratio of 23.8x is higher than the sector average of 15.5x, suggesting that the stock is relatively expensive compared to its peers. However, its EV/EBITDA ratio of 2.7x is lower than the sector average of 3.5x, indicating that the company may be undervalued on an enterprise value basis.
The high P/E ratio could be justified if Silvercrest were expected to generate strong earnings growth in the future. However, given the company's sluggish revenue growth and declining operating margins, this seems unlikely. The lower EV/EBITDA ratio may reflect the market's concerns about the company's long-term growth prospects and its negative free cash flow.
The negative free cash flow makes it difficult to assess the company's valuation using traditional free cash flow-based methods. A discounted cash flow (DCF) analysis would likely yield a low valuation, given the negative cash flows and the uncertainty surrounding future growth.
Overall, Silvercrest's valuation appears to be fair, but not particularly attractive. The stock is not significantly overvalued, but it is not a bargain either. The current valuation reflects the company's strengths, such as its strong balance sheet and high ROE, as well as its weaknesses, such as its sluggish revenue growth and negative free cash flow. A more compelling valuation would require evidence of improved revenue growth and cash flow generation.
Risk & Uncertainty
Several risks and uncertainties could negatively impact Silvercrest's business and financial performance. One of the most significant risks is client concentration. The loss of a few large clients could have a material impact on the company's AUM and revenue. While the company serves ultra-high net worth individuals, the wealth management industry is characterized by intense competition, and clients can switch firms for various reasons, including performance, fees, or service.
Another key risk is dependence on key personnel. Silvercrest's success is heavily reliant on its team of experienced investment professionals. The departure of a key advisor could lead to client defections and a decline in AUM. The company's ability to attract and retain talented professionals is crucial to its long-term success.
Market fluctuations also pose a significant risk. Declines in the stock market or other asset classes can reduce AUM and negatively impact revenue. The company's performance is directly tied to the performance of the markets, and periods of market volatility can create challenges.
Regulatory changes in the financial services industry could also impact Silvercrest's business. New regulations could increase compliance costs or restrict the company's ability to generate revenue. The company must stay abreast of regulatory developments and adapt its business practices accordingly.
Bulls Say / Bears Say
The Bull Case
BULL VIEWSilvercrest's focus on ultra-high net worth clients provides a stable and growing revenue base, insulating it from broader market volatility.
BULL VIEWThe company's strong balance sheet and debt-free status provide financial flexibility for strategic acquisitions and investments in growth initiatives.
BULL VIEWSilvercrest's high ROE demonstrates efficient capital allocation and superior profitability compared to its peers in the wealth management sector.
The Bear Case
BEAR VIEWSilvercrest's negative free cash flow raises concerns about its long-term financial sustainability and ability to fund future growth.
BEAR VIEWThe company's sluggish revenue growth indicates a lack of competitive advantage and potential challenges in attracting new clients.
BEAR VIEWSilvercrest's high P/E ratio suggests that the stock is overvalued, given its limited growth prospects and declining operating margins.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score SAMG and 4,400+ other equities.
Silvercrest Asset Management Group Inc. exhibits a 12% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
7.1%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
11.9%
Sector: 21.8%
Net Margin
Bottom-line profitability
9.6%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta+107%
Income Projection audit
A $10,000 investment would generate approximately $514 annually in dividends at the current trailing rate.
