Associated Capital Group, Inc. (ACGP) vs SLR Investment Corp. (SLRC)

Associated Capital Group, Inc. and SLR Investment Corp. are both Asset Management companies. Associated Capital Group, Inc. and SLR Investment Corp. are of similar size ($649.9M and $637.2M). SLR Investment Corp. trades at the lower P/E: 8.7× against 15.8×. Associated Capital Group, Inc. grew revenue faster over the last twelve months: 131.6% against −5.79%. Associated Capital Group, Inc. has the higher net margin (162.0% vs 35.2%) and the lower return on invested capital (−0.83% vs 2.87%). Both pay a dividend; SLR Investment Corp. yields more (10.1% vs 0.61%). Across the 20 metrics below, SLR Investment Corp. leads on 14 and Associated Capital Group, Inc. on 6.

Valuation

Metric ACGP SLRC Asset Management median
P/E 15.77 8.70 14.62
P/S 25.31 3.06 2.97
P/B 0.75 0.65 0.94
Price to free cash flow n/m 4.09 8.93
EV/EBITDA n/m 9.31 10.32
EV/Sales 12.72 6.55 5.72
Earnings yield 6.34% 11.50% 4.53%
Free cash flow yield (1.31%) 24.44% 4.65%

Profitability

Metric ACGP SLRC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin (27.97%) 70.27% 33.03%
Net margin 162.00% 35.20% 13.53%
Free cash flow margin (33.19%) 74.68% 12.44%
Return on equity 4.85% 7.47% 4.83%
Return on assets 4.63% 2.89% 1.57%
Return on invested capital (0.83%) 2.87% 3.04%

Growth

Metric ACGP SLRC Asset Management median
Revenue growth (TTM) 131.64% (5.79%) 6.97%
EPS growth (last fiscal year) 21.15% (3.41%) —
Revenue growth, 5-year CAGR 7.21% 12.41% 12.13%
Net income growth, 5-year CAGR 23.01% 43.04% 0.00%

Health

Metric ACGP SLRC Asset Management median
Debt to equity 0.00 1.17 0.42
Current ratio 15.24 1.09 1.28
Net debt to EBITDA 40.56 5.05 1.06

Dividend

Metric ACGP SLRC Asset Management median
Dividend yield 0.61% 10.13% 6.92%
Payout ratio 0.24 1.48 0.77

Size

Metric ACGP SLRC Asset Management median
Market cap 649.89m 637.20m 721.34m

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