AlTi Global, Inc. (ALTI) vs Crescent Capital BDC, Inc. (CCAP)

AlTi Global, Inc. and Crescent Capital BDC, Inc. are both Asset Management companies. AlTi Global, Inc. and Crescent Capital BDC, Inc. are of similar size ($360.2M and $336.4M). AlTi Global, Inc. grew revenue faster over the last twelve months: 33.3% against −14.6%. Crescent Capital BDC, Inc. has the higher net margin (−2.03% vs −40.9%) and the higher return on invested capital (2.58% vs −4.52%). Across the 18 metrics below, Crescent Capital BDC, Inc. leads on 11 and AlTi Global, Inc. on 7.

Valuation

Metric ALTI CCAP Asset Management median
P/E n/m n/m 13.99
P/S 1.03 2.10 2.76
P/B 0.56 0.50 0.85
Price to free cash flow 237.55 8.32 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (51.17%) (1.01%) 4.72%
Free cash flow yield 0.42% 12.02% 4.44%

Profitability

Metric ALTI CCAP Asset Management median
Gross margin 100.00% 64.03% 100.00%
Operating margin (22.22%) 40.82% 33.42%
Net margin (40.86%) (2.03%) 13.37%
Free cash flow margin 0.44% 25.23% 12.36%
Return on equity (19.38%) (0.46%) 4.79%
Return on assets (9.62%) (0.19%) 1.55%
Return on invested capital (4.52%) 2.58% 2.97%

Growth

Metric ALTI CCAP Asset Management median
Revenue growth (TTM) 33.25% (14.62%) 7.42%
EPS growth (last fiscal year) (0.65%) (53.27%) (6.67%)
Revenue growth, 5-year CAGR — 16.75% 12.51%
Net income growth, 5-year CAGR 0.00% (8.79%) 0.00%

Health

Metric ALTI CCAP Asset Management median
Debt to equity 0.01 1.41 0.44
Current ratio 0.97 1.30 1.30
Net debt to EBITDA 0.73 12.92 1.02

Dividend

Metric ALTI CCAP Asset Management median
Dividend yield — 17.06% 6.60%
Payout ratio — — 0.94

Size

Metric ALTI CCAP Asset Management median
Market cap 360.23m 336.40m 694.86m

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