AllianceBernstein Holding L.P. (AB) vs DigitalBridge Group, Inc. (DBRG)

AllianceBernstein Holding L.P. and DigitalBridge Group, Inc. are both Asset Management companies. AllianceBernstein Holding L.P. and DigitalBridge Group, Inc. are of similar size ($3.3B and $3.0B). DigitalBridge Group, Inc. trades at the lower P/E: 10.3× against 10.6×. DigitalBridge Group, Inc. has the higher net margin (45.1% vs 0.00%) and the higher return on invested capital (5.02% vs 0.00%). Both pay a dividend; AllianceBernstein Holding L.P. yields more (9.24% vs 0.23%). Across the 14 metrics below, AllianceBernstein Holding L.P. leads on 7 and DigitalBridge Group, Inc. on 7.

Valuation

Metric AB DBRG Asset Management median
P/E 10.58 10.31 14.62
P/S n/m 4.58 2.97
P/B 2.68 1.60 0.94
Price to free cash flow 10.63 16.20 8.93
EV/EBITDA n/m 12.26 10.32
EV/Sales n/m 4.22 5.72
Earnings yield 9.45% 9.70% 4.53%
Free cash flow yield 9.41% 6.17% 4.65%

Profitability

Metric AB DBRG Asset Management median
Gross margin — 100.00% 100.00%
Operating margin — 30.23% 33.03%
Net margin 0.00% 45.07% 13.53%
Free cash flow margin 0.00% 28.25% 12.44%
Return on equity 19.37% 16.58% 4.83%
Return on assets 19.36% 7.95% 1.57%
Return on invested capital 0.00% 5.02% 3.04%

Growth

Metric AB DBRG Asset Management median
Revenue growth (TTM) — 242.82% 6.97%
EPS growth (last fiscal year) (19.95%) 144.66% —
Revenue growth, 5-year CAGR — (25.75%) 12.13%
Net income growth, 5-year CAGR 1.42% 0.00% 0.00%

Health

Metric AB DBRG Asset Management median
Debt to equity 0.00 0.11 0.42
Current ratio — 0.00 1.28
Net debt to EBITDA — 1.62 1.06

Dividend

Metric AB DBRG Asset Management median
Dividend yield 9.24% 0.23% 6.92%
Payout ratio — 0.00 0.77

Size

Metric AB DBRG Asset Management median
Market cap 3.30b 3.04b 721.34m

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