Advanced Flower Capital Inc. (AFCG) vs Pearl Diver Credit Company Inc. (PDCC)

Advanced Flower Capital Inc. and Pearl Diver Credit Company Inc. are both Asset Management companies. Advanced Flower Capital Inc. is the larger, with a market value of $67.2M against $60.8M — 1.1× the size. Pearl Diver Credit Company Inc. has negative trailing earnings, so its P/E is not meaningful; Advanced Flower Capital Inc. trades at 2.8×. Both pay a dividend; Pearl Diver Credit Company Inc. yields more (26.9% vs 5.10%). Across the 2 metrics below, Advanced Flower Capital Inc. leads on 1 and Pearl Diver Credit Company Inc. on 1.

Valuation

Metric AFCG PDCC Asset Management median
P/E 2.83 n/m 13.38
P/S 2.20 — 2.99
P/B 0.35 — 0.91
Price to free cash flow n/m — 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 35.37% (55.28%) 4.67%
Free cash flow yield (41.14%) — 4.85%

Profitability

Metric AFCG PDCC Asset Management median
Gross margin 100.00% — 100.00%
Operating margin 44.28% — 27.27%
Net margin 16.02% — 11.89%
Free cash flow margin 0.00% — 5.96%
Return on equity 0.00% — 4.57%
Return on assets 0.00% 0.00% 1.40%
Return on invested capital 0.00% — 2.12%

Growth

Metric AFCG PDCC Asset Management median
Revenue growth (TTM) 2.92% — 7.26%
EPS growth (last fiscal year) (221.79%) — (5.64%)
Revenue growth, 5-year CAGR 36.15% — 11.84%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric AFCG PDCC Asset Management median
Debt to equity 0.00 — 0.40
Current ratio 1.34 — 1.23
Net debt to EBITDA (1.80) — 1.06

Dividend

Metric AFCG PDCC Asset Management median
Dividend yield 5.10% 26.90% 6.43%
Payout ratio 0.14 — 0.91

Size

Metric AFCG PDCC Asset Management median
Market cap 67.19m 60.82m 692.54m

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