Houlihan Lokey is a holding company that operates its business through its subsidiaries. Co. is an investment bank engaged in mergers and acquisitions (M&A), capital markets, financial restructurings, and financial and valuation advisory. Co. markets its services through its product areas, its industry groups and its financial sponsors group, serving its clients in three primary business practices: Corporate Finance encompassing M&A and capital markets advisory, Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial and Valuation Advisory, including financial opinions and a variety of valuation and financial consulting services. We show 37 historical shares outstanding datapoints in our HLI shares outstanding history coverage, used to compute HLI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HLI market cap history over the course of time is important for investors
interested in comparing HLI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HLI versus a peer is one thing; comparing
HLI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HLI can fluctuate over the course of history.
With this page we aim to empower investors researching HLI by allowing them to research the HLI market cap history. |
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Video: The Importance of Market Cap
