Associated Capital Group, Inc. (ACGP) vs Bain Capital Specialty Finance, Inc. (BCSF)

Associated Capital Group, Inc. and Bain Capital Specialty Finance, Inc. are both Asset Management companies. Associated Capital Group, Inc. and Bain Capital Specialty Finance, Inc. are of similar size ($689.6M and $649.9M). Bain Capital Specialty Finance, Inc. trades at the lower P/E: 10.4× against 14.8×. Associated Capital Group, Inc. grew revenue faster over the last twelve months: 131.6% against −6.95%. Associated Capital Group, Inc. has the higher net margin (162.0% vs 24.2%) and the lower return on invested capital (−0.83% vs 3.01%). Both pay a dividend; Bain Capital Specialty Finance, Inc. yields more (12.3% vs 1.26%). Across the 19 metrics below, Bain Capital Specialty Finance, Inc. leads on 12 and Associated Capital Group, Inc. on 7.

Valuation

Metric ACGP BCSF Asset Management median
P/E 14.76 10.36 13.99
P/S 23.69 2.52 2.76
P/B 0.70 0.62 0.85
Price to free cash flow n/m 4.98 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.78% 9.65% 4.72%
Free cash flow yield (1.40%) 20.07% 4.44%

Profitability

Metric ACGP BCSF Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin (27.97%) 75.36% 33.42%
Net margin 162.00% 24.22% 13.37%
Free cash flow margin (33.19%) 50.60% 12.36%
Return on equity 4.85% 5.76% 4.79%
Return on assets 4.63% 2.37% 1.55%
Return on invested capital (0.83%) 3.01% 2.97%

Growth

Metric ACGP BCSF Asset Management median
Revenue growth (TTM) 131.64% (6.95%) 7.42%
EPS growth (last fiscal year) 21.15% (17.84%) (6.67%)
Revenue growth, 5-year CAGR 7.21% 7.04% 12.51%
Net income growth, 5-year CAGR 23.01% 64.18% 0.00%

Health

Metric ACGP BCSF Asset Management median
Debt to equity 0.00 1.39 0.44
Current ratio 15.24 7.20 1.30
Net debt to EBITDA 40.56 6.85 1.02

Dividend

Metric ACGP BCSF Asset Management median
Dividend yield 1.26% 12.28% 6.60%
Payout ratio 0.19 1.27 0.94

Size

Metric ACGP BCSF Asset Management median
Market cap 649.89m 689.55m 694.86m

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