Company Quick10K Filing
Medley
10-Q 2019-11-07 Filed 2019-11-14
10-Q 2019-09-30 Filed 2019-11-14
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-15
10-Q 2019-03-31 Filed 2019-05-15
10-K 2018-12-31 Filed 2019-04-01
10-K 2018-12-31 Filed 2019-04-01
10-Q 2018-09-30 Filed 2018-11-14
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-15
10-K 2017-12-31 Filed 2018-03-29
10-Q 2017-09-30 Filed 2017-11-14
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-12
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-03-16
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-08-11
10-Q 2016-06-30 Filed 2016-08-11
8-K 2019-11-14 Earnings, Exhibits
8-K 2019-10-28 Other Events
8-K 2019-08-14 Earnings, Exhibits
8-K 2019-07-29 Officers, Other Events, Exhibits
8-K 2019-07-29 Enter Agreement, Exhibits
8-K 2019-05-29 Officers, Shareholder Vote
8-K 2019-05-15 Earnings, Exhibits
8-K 2019-04-18 Other Events, Exhibits
8-K 2019-04-15 Enter Agreement, Exhibits
8-K 2019-04-01 Earnings, Exhibits
8-K 2019-03-29 Other Events, Exhibits
8-K 2019-03-27 Other Events
8-K 2019-03-15 Other Events, Exhibits
8-K 2019-03-08 Other Events, Exhibits
8-K 2019-02-08 Other Events, Exhibits
8-K 2019-02-05 Other Events
8-K 2019-01-02
8-K 2018-12-18 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-14 Enter Agreement, Off-BS Arrangement, Exhibits

Medley Financials

MDLY Metrics, Comps, Filings

Quarterly | Annual

Business

We are an alternative asset management firm offering yield solutions to retail and institutional investors. We focus on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States that have revenues between $50 million and $1 billion. We generally hold these loans to maturity. Our national direct origination franchise provides capital to the middle market in the U.S. For over 17 years, we have provided capital to over 400 companies across 35 industries in North America.

We manage three permanent capital vehicles, two of which are Business Development Companies "BDCs", and a credit interval fund, as well as long-dated private funds and Separately Managed Accounts ("SMAs"), with a primary focus on senior secured credit. As of December 31, 2018, we had $4.7 billion of AUM in two business development companies, MCC and SIC, as well as private investment vehicles. Our compounded annual AUM growth rate from December 31, 2010 through December 31, 2018 was 21%, and our compounded annual Fee Earning AUM growth rate was 15%, which have both been driven in large part by the growth in our permanent capital vehicles. Typically the investment periods of our institutional commitments range from 18 to 24 months and we expect our Fee Earning AUM to increase as capital commitments included in AUM are invested.

In general, our institutional investors do not have the right to withdraw capital commitments and to date; we have not experienced any withdrawals of capital commitments. For a description of the risk factor associated with capital commitments, see "Risk Factors - Third-party investors in our private funds may not satisfy their contractual obligation to fund capital calls when requested, which could adversely affect a fund's operations and performance."


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Focus Financial Partners (FOCS) 1,112,936 0% 40.2 1% 2,644,628 1,831,054 1,138,034 0 19,094 26,418 1,061,673
Virtus Investment Partners (VRTS) 938,892 0% 7.3 2% 3,113,131 2,343,905 555,227 0 76,819 130,436 951,855
Pzena Investment (PZN) 620,309 0% 10.9 28% 177,699 82,049 112,318 0 49,153 53,358 583,591
Och-Ziff (OZM) 606,414 0% 13.4 2% 1,213,650 907,273 325,547 0 27,485 58,613 782,655
Diamond Hill Investment Group (DHIL) 466,807 0% 5.9 16% 289,711 55,827 100,717 0 45,230 59,598 348,693
Westwood Holdings (WHG) 287,045 0% 17.3 5% 177,313 27,254 91,582 0 8,783 13,236 228,673
Value Line (VALU) 246,781 0% 13.1 12% 101,605 50,074 37,932 0 12,645 18,388 241,681
Silvercrest Asset Management (SAMG) 119,602 0% 3.4 8% 203,098 107,863 99,147 0 16,451 23,195 78,761
Hennessy Advisors (HNNA) 75,850 0% 4.0 10% 110,208 34,680 42,715 0 11,031 17,154 68,538
US Global Investors (GROW) 32,530 0% -4.8 -28% 20,037 1,605 4,598 0 -5,610 -6,012 28,887
Manning & Napier (MN) 30,441 61% -4.0 6% 223,499 70,463 103,269 62,494 12,713 14,664 -57,942
Puhui Wealth Investment (PHCF) 0% 14,377 2,569 0 0 0 0 -482
Apollo Global Management (APO) 0% 1.5 10% 8,064,304 5,221,871 1,902,192 0 800,919 687,259 1,044,047
BrightSphere Investment (BSA) 0% -1.3 8% 1,432,300 1,279,600 404,900 0 111,000 93,100 -124,700
Moelis (MC) -0.4 13% 806,237 441,657 0 0 108,542 139,605 -49,642
PJT Partners (PJT) 0% -1.7 4% 856,318 322,115 647,076 0 38,438 61,968 -108,039
KKR (KKR) 0% 5.5 5% 57,645,049 29,059,852 2,979,773 0 2,940,747 3,979,149 22,023,985
Hamilton Lane (HLNE) 0% -0.0 23% 445,382 240,751 261,962 0 103,048 139,360 -5,976
Medley LLC (MDLQ) 0% 0.5 -15% 74,683 165,645 51,444 0 -11,277 -2,173 -1,011
Medley (MDLY) 0% -0.9 1% 92,486 162,514 63,139 0 1,050 13,160 -11,698

Balance Sheet ($'000)2016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-30
Cash56,24857,03949,56662,94747,70539,68836,05129,91724,38921,424
Accounts Receivable
Inventory
PP&E5,4245,2214,9984,7814,5664,3484,1603,9413,7263,318
Assets105,913114,418120,962137,127142,865133,995126,041101,97192,93692,486
Accounts Payable
Long-Term Debt105,00078,19752,1788,7368,9009,0669,2339,3959,5599,726
Liabilities137,625139,634139,149152,724148,793146,328150,540146,812147,514162,514
Stockholders' Equity-42,253-48,258-50,2512,0992,0972,1232,1402,1562,163
Income Statement ($'000)2016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-30
Revenue21,32618,88018,25113,99616,44416,65218,46914,41415,15115,105
Cost of Revenue
Gross Profit
R&D
SG&A8,8998,8012,8612,6682,7543,5104,1134,5094,3426,244
Tax2616024312714026366-13028192
Net Income1,0781,1317,2294,9365,7834,9393,009-4,8071722,676
Cash Flow ($'000)2016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-30
Cash Operating5,5726,7141,500-224,3056,8562,4274,880
Cash Investing-8,643-7,454-3,729-28,628-2,620-226-14-1,490
Cash Financing3,862-1,83618,2675,854-9,702-10,267-8,547-9,082