AlTi Global, Inc. (ALTI) vs Gladstone Capital Corporation (GLAD)

AlTi Global, Inc. and Gladstone Capital Corporation are both Asset Management companies. AlTi Global, Inc. and Gladstone Capital Corporation are of similar size ($477.2M and $434.2M). AlTi Global, Inc. has negative trailing earnings, so its P/E is not meaningful; Gladstone Capital Corporation trades at 9.0×. AlTi Global, Inc. grew revenue faster over the last twelve months: 33.3% against 11.3%. Gladstone Capital Corporation has the higher net margin (48.7% vs −40.9%) and the higher return on invested capital (5.89% vs −4.52%). Across the 16 metrics below, AlTi Global, Inc. leads on 8 and Gladstone Capital Corporation on 8.

Valuation

Metric ALTI GLAD Asset Management median
P/E n/m 9.05 14.62
P/S 1.25 4.42 2.97
P/B 0.68 0.90 0.94
Price to free cash flow 288.19 n/m 8.93
EV/EBITDA n/m 10.51 10.32
EV/Sales 1.19 6.55 5.72
Earnings yield (42.18%) 11.05% 4.53%
Free cash flow yield 0.35% (34.47%) 4.65%

Profitability

Metric ALTI GLAD Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin (22.22%) 70.28% 33.03%
Net margin (40.86%) 48.67% 13.53%
Free cash flow margin 0.44% (152.38%) 12.44%
Return on equity (19.38%) 10.03% 4.83%
Return on assets (9.62%) 5.50% 1.57%
Return on invested capital (4.52%) 5.89% 3.04%

Growth

Metric ALTI GLAD Asset Management median
Revenue growth (TTM) 33.25% 11.29% 6.97%
EPS growth (last fiscal year) (0.65%) (41.24%) —
Revenue growth, 5-year CAGR — 13.19% 12.13%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALTI GLAD Asset Management median
Debt to equity 0.01 0.00 0.42
Current ratio 0.97 0.03 1.28
Net debt to EBITDA 0.73 (0.30) 1.06

Dividend

Metric ALTI GLAD Asset Management median
Dividend yield — 9.75% 6.92%
Payout ratio 0.00 0.91 0.77

Size

Metric ALTI GLAD Asset Management median
Market cap 477.19m 434.24m 721.34m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack