Revisiting Houlihan Lokey's Successful Rotation And Thesis

  • Houlihan Lokey is a market leader in M&A, Capital Solutions, Financial Restructuring, and Advisory services, showing strong revenue growth and low debt. Despite its strengths, the current valuation of Houlihan Lokey is too high, making it a "Hold" with a price target of $115/share. The company's premium valuation is justified by increased regulation and demand for expertise, but it still doesn't offer a 15% annualized return.