Associated Capital Group, Inc. (ACGP) vs Gladstone Investment Corporation (GAIN)

Associated Capital Group, Inc. and Gladstone Investment Corporation are both Asset Management companies. Associated Capital Group, Inc. and Gladstone Investment Corporation are of similar size ($649.9M and $623.2M). Gladstone Investment Corporation trades at the lower P/E: 3.8× against 15.8×. Associated Capital Group, Inc. grew revenue faster over the last twelve months: 131.6% against 9.32%. Associated Capital Group, Inc. has the higher net margin (162.0% vs 159.0%) and the lower return on invested capital (−0.83% vs 2.36%). Both pay a dividend; Gladstone Investment Corporation yields more (6.59% vs 0.61%). Across the 20 metrics below, Gladstone Investment Corporation leads on 13 and Associated Capital Group, Inc. on 7.

Valuation

Metric ACGP GAIN Asset Management median
P/E 15.77 3.78 14.62
P/S 25.31 6.06 2.97
P/B 0.75 0.97 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA n/m n/m 10.32
EV/Sales 12.72 6.07 5.72
Earnings yield 6.34% 26.44% 4.53%
Free cash flow yield (1.31%) (6.89%) 4.65%

Profitability

Metric ACGP GAIN Asset Management median
Gross margin 100.00% 61.22% 100.00%
Operating margin (27.97%) 23.40% 33.03%
Net margin 162.00% 158.95% 13.53%
Free cash flow margin (33.19%) (41.74%) 12.44%
Return on equity 4.85% 29.17% 4.83%
Return on assets 4.63% 14.01% 1.57%
Return on invested capital (0.83%) 2.36% 3.04%

Growth

Metric ACGP GAIN Asset Management median
Revenue growth (TTM) 131.64% 9.32% 6.97%
EPS growth (last fiscal year) 21.15% 167.98% —
Revenue growth, 5-year CAGR 7.21% 11.84% 12.13%
Net income growth, 5-year CAGR 23.01% 34.19% 0.00%

Health

Metric ACGP GAIN Asset Management median
Debt to equity 0.00 0.00 0.42
Current ratio 15.24 0.02 1.28
Net debt to EBITDA 40.56 0.01 1.06

Dividend

Metric ACGP GAIN Asset Management median
Dividend yield 0.61% 6.59% 6.92%
Payout ratio 0.24 0.97 0.77

Size

Metric ACGP GAIN Asset Management median
Market cap 649.89m 623.21m 721.34m

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