Acadian Asset Management Inc. (AAMI) vs Hercules Capital, Inc. (HTGC)

Acadian Asset Management Inc. and Hercules Capital, Inc. are both Asset Management companies. Acadian Asset Management Inc. and Hercules Capital, Inc. are of similar size ($3.3B and $3.1B). Hercules Capital, Inc. trades at the lower P/E: 8.5× against 26.2×. Acadian Asset Management Inc. grew revenue faster over the last twelve months: 27.9% against 9.93%. Hercules Capital, Inc. has the higher net margin (62.8% vs 17.0%) and the lower return on invested capital (4.36% vs 45.5%). Both pay a dividend; Hercules Capital, Inc. yields more (4.88% vs 0.34%). Across the 19 metrics below, Hercules Capital, Inc. leads on 10 and Acadian Asset Management Inc. on 9.

Valuation

Metric AAMI HTGC Asset Management median
P/E 26.24 8.49 13.38
P/S 4.55 5.36 2.99
P/B 16.23 1.31 0.91
Price to free cash flow n/m n/m 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.81% 11.78% 4.67%
Free cash flow yield (1.54%) (5.06%) 4.85%

Profitability

Metric AAMI HTGC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 25.46% 78.88% 27.27%
Net margin 17.02% 62.84% 11.89%
Free cash flow margin 0.00% (27.11%) 5.96%
Return on equity 110.28% 15.82% 4.57%
Return on assets 14.76% 7.63% 1.40%
Return on invested capital 45.46% 4.36% 2.12%

Growth

Metric AAMI HTGC Asset Management median
Revenue growth (TTM) 27.93% 9.93% 7.26%
EPS growth (last fiscal year) (0.45%) 14.91% (5.64%)
Revenue growth, 5-year CAGR 2.45% 13.14% 11.84%
Net income growth, 5-year CAGR (22.53%) 8.37% 0.00%

Health

Metric AAMI HTGC Asset Management median
Debt to equity 1.00 1.10 0.40
Current ratio 0.97 1.41 1.23
Net debt to EBITDA 0.51 5.21 1.06

Dividend

Metric AAMI HTGC Asset Management median
Dividend yield 0.34% 4.88% 6.43%
Payout ratio 0.09 0.43 0.91

Size

Metric AAMI HTGC Asset Management median
Market cap 3.26b 3.10b 692.54m

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