AllianceBernstein Holding L.P. (AB) vs WisdomTree, Inc. (WT)

AllianceBernstein Holding L.P. and WisdomTree, Inc. are both Asset Management companies. AllianceBernstein Holding L.P. is the larger, with a market value of $3.2B against $2.9B — 1.1× the size. AllianceBernstein Holding L.P. trades at the lower P/E: 10.3× against 25.3×. WisdomTree, Inc. has the higher net margin (16.5% vs 0.00%) and the higher return on invested capital (13.8% vs 0.00%). Both pay a dividend; AllianceBernstein Holding L.P. yields more (10.0% vs 0.63%). Across the 14 metrics below, AllianceBernstein Holding L.P. leads on 9 and WisdomTree, Inc. on 5.

Valuation

Metric AB WT Asset Management median
P/E 10.33 25.26 13.38
P/S n/m 4.23 2.99
P/B 2.68 6.30 0.91
Price to free cash flow 10.14 13.77 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.68% 3.96% 4.67%
Free cash flow yield 9.86% 7.26% 4.85%

Profitability

Metric AB WT Asset Management median
Gross margin — 100.00% 100.00%
Operating margin — 39.95% 27.27%
Net margin 0.00% 16.53% 11.89%
Free cash flow margin 0.00% 30.74% 5.96%
Return on equity 25.52% 26.78% 4.57%
Return on assets 25.49% 7.09% 1.40%
Return on invested capital 0.00% 13.75% 2.12%

Growth

Metric AB WT Asset Management median
Revenue growth (TTM) — 45.17% 7.26%
EPS growth (last fiscal year) (19.95%) 127.27% (5.64%)
Revenue growth, 5-year CAGR — 14.59% 11.84%
Net income growth, 5-year CAGR 1.42% 0.00% 0.00%

Health

Metric AB WT Asset Management median
Debt to equity 0.00 2.38 0.40
Current ratio — 3.54 1.23
Net debt to EBITDA — 3.51 1.06

Dividend

Metric AB WT Asset Management median
Dividend yield 10.00% 0.63% 6.43%
Payout ratio 1.03 0.17 0.91

Size

Metric AB WT Asset Management median
Market cap 3.21b 2.87b 692.54m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack