AllianceBernstein Holding L.P. (AB) vs Sprott Inc. (SII)

AllianceBernstein Holding L.P. and Sprott Inc. are both Asset Management companies. AllianceBernstein Holding L.P. and Sprott Inc. are of similar size ($3.3B and $3.2B). AllianceBernstein Holding L.P. trades at the lower P/E: 10.6× against 30.5×. Sprott Inc. has the higher net margin (26.4% vs 0.00%) and the higher return on invested capital (44.7% vs 0.00%). Both pay a dividend; AllianceBernstein Holding L.P. yields more (9.24% vs 2.72%). Across the 13 metrics below, Sprott Inc. leads on 7 and AllianceBernstein Holding L.P. on 6.

Valuation

Metric AB SII Asset Management median
P/E 10.58 30.48 14.62
P/S n/m 8.02 2.97
P/B 2.68 8.17 0.94
Price to free cash flow 10.63 63.59 8.93
EV/EBITDA n/m 20.65 10.32
EV/Sales n/m 7.59 5.72
Earnings yield 9.45% 3.28% 4.53%
Free cash flow yield 9.41% 1.57% 4.65%

Profitability

Metric AB SII Asset Management median
Gross margin — 100.00% 100.00%
Operating margin — 36.07% 33.03%
Net margin 0.00% 26.36% 13.53%
Free cash flow margin 0.00% 34.94% 12.44%
Return on equity 19.37% 28.57% 4.83%
Return on assets 19.36% 22.06% 1.57%
Return on invested capital 0.00% 44.69% 3.04%

Growth

Metric AB SII Asset Management median
Revenue growth (TTM) — 102.23% 6.97%
EPS growth (last fiscal year) (19.95%) 36.65% —
Revenue growth, 5-year CAGR — 18.54% 12.13%
Net income growth, 5-year CAGR 1.42% 20.08% 0.00%

Health

Metric AB SII Asset Management median
Debt to equity 0.00 0.00 0.42
Current ratio — 3.43 1.28
Net debt to EBITDA — (1.26) 1.06

Dividend

Metric AB SII Asset Management median
Dividend yield 9.24% 2.72% 6.92%
Payout ratio — 0.73 0.77

Size

Metric AB SII Asset Management median
Market cap 3.30b 3.20b 721.34m

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