AlTi Global, Inc. (ALTI) vs Nuveen Churchill Direct Lending Corp. (NCDL)
AlTi Global, Inc. and Nuveen Churchill Direct Lending Corp. are both Asset Management companies. Nuveen Churchill Direct Lending Corp. is the larger, with a market value of $578.3M against $477.2M — 1.2× the size. AlTi Global, Inc. has negative trailing earnings, so its P/E is not meaningful; Nuveen Churchill Direct Lending Corp. trades at 12.3×. AlTi Global, Inc. grew revenue faster over the last twelve months: 33.3% against −14.4%. Nuveen Churchill Direct Lending Corp. has the higher net margin (24.4% vs −40.9%) and the higher return on invested capital (12.1% vs −4.52%). Across the 18 metrics below, Nuveen Churchill Direct Lending Corp. leads on 12 and AlTi Global, Inc. on 6.
Valuation
Profitability
| Metric | ALTI | NCDL | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | (22.22%) | 80.82% | 33.03% |
| Net margin | (40.86%) | 24.44% | 13.53% |
| Free cash flow margin | 0.44% | 58.99% | 12.44% |
| Return on equity | (19.38%) | 5.40% | 4.83% |
| Return on assets | (9.62%) | 2.31% | 1.57% |
| Return on invested capital | (4.52%) | 12.06% | 3.04% |
Growth
Health
Dividend
Size
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