Acadian Asset Management Inc. (AAMI) vs AllianceBernstein Holding L.P. (AB)

Acadian Asset Management Inc. and AllianceBernstein Holding L.P. are both Asset Management companies. Acadian Asset Management Inc. and AllianceBernstein Holding L.P. are of similar size ($3.3B and $3.3B). AllianceBernstein Holding L.P. trades at the lower P/E: 10.6× against 33.1×. Acadian Asset Management Inc. has the higher net margin (15.2% vs 0.00%) and the higher return on invested capital (40.0% vs 0.00%). Both pay a dividend; AllianceBernstein Holding L.P. yields more (9.24% vs 0.19%). Across the 13 metrics below, AllianceBernstein Holding L.P. leads on 9 and Acadian Asset Management Inc. on 4.

Valuation

Metric AAMI AB Asset Management median
P/E 33.06 10.58 14.62
P/S 5.00 n/m 2.97
P/B 25.09 2.68 0.94
Price to free cash flow n/m 10.63 8.93
EV/EBITDA 21.95 n/m 10.32
EV/Sales 5.71 n/m 5.72
Earnings yield 3.03% 9.45% 4.53%
Free cash flow yield (1.50%) 9.41% 4.65%

Profitability

Metric AAMI AB Asset Management median
Gross margin 100.00% — 100.00%
Operating margin 23.68% — 33.03%
Net margin 15.17% 0.00% 13.53%
Free cash flow margin (7.49%) 0.00% 12.44%
Return on equity 92.14% 19.37% 4.83%
Return on assets 13.26% 19.36% 1.57%
Return on invested capital 39.99% 0.00% 3.04%

Growth

Metric AAMI AB Asset Management median
Revenue growth (TTM) 24.21% — 6.97%
EPS growth (last fiscal year) (0.45%) (19.95%) —
Revenue growth, 5-year CAGR 2.45% — 12.13%
Net income growth, 5-year CAGR (22.53%) 1.42% 0.00%

Health

Metric AAMI AB Asset Management median
Debt to equity 1.50 0.00 0.42
Current ratio 0.82 — 1.28
Net debt to EBITDA 0.51 — 1.06

Dividend

Metric AAMI AB Asset Management median
Dividend yield 0.19% 9.24% 6.92%
Payout ratio 0.02 — 0.77

Size

Metric AAMI AB Asset Management median
Market cap 3.31b 3.30b 721.34m

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