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

AllianceBernstein Holding L.P. and WisdomTree, Inc. are both Asset Management companies. WisdomTree, Inc. is the larger, with a market value of $3.6B against $3.3B — 1.1× the size. AllianceBernstein Holding L.P. trades at the lower P/E: 10.6× against 43.4×. WisdomTree, Inc. has the higher net margin (13.2% vs 0.00%) and the higher return on invested capital (12.3% vs 0.00%). Both pay a dividend; AllianceBernstein Holding L.P. yields more (9.24% vs 1.73%). Across the 14 metrics below, AllianceBernstein Holding L.P. leads on 10 and WisdomTree, Inc. on 4.

Valuation

Metric AB WT Asset Management median
P/E 10.58 43.45 14.62
P/S n/m 5.95 2.97
P/B 2.68 8.66 0.94
Price to free cash flow 10.63 18.85 8.93
EV/EBITDA n/m 17.55 10.32
EV/Sales n/m 7.23 5.72
Earnings yield 9.45% 2.30% 4.53%
Free cash flow yield 9.41% 5.31% 4.65%

Profitability

Metric AB WT Asset Management median
Gross margin — 100.00% 100.00%
Operating margin — 38.80% 33.03%
Net margin 0.00% 13.15% 13.53%
Free cash flow margin 0.00% 31.55% 12.44%
Return on equity 19.37% 18.56% 4.83%
Return on assets 19.36% 5.91% 1.57%
Return on invested capital 0.00% 12.33% 3.04%

Growth

Metric AB WT Asset Management median
Revenue growth (TTM) — 37.14% 6.97%
EPS growth (last fiscal year) (19.95%) 127.27% —
Revenue growth, 5-year CAGR — 14.59% 12.13%
Net income growth, 5-year CAGR 1.42% 0.00% 0.00%

Health

Metric AB WT Asset Management median
Debt to equity 0.00 2.57 0.42
Current ratio — 3.00 1.28
Net debt to EBITDA — 3.51 1.06

Dividend

Metric AB WT Asset Management median
Dividend yield 9.24% 1.73% 6.92%
Payout ratio — 0.21 0.77

Size

Metric AB WT Asset Management median
Market cap 3.30b 3.63b 721.34m

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