AlTi Global, Inc. (ALTI) vs Vinci Compass Investments Ltd. (VINP)

AlTi Global, Inc. and Vinci Compass Investments Ltd. are both Asset Management companies. Vinci Compass Investments Ltd. is the larger, with a market value of $608.0M against $477.2M — 1.3× the size. AlTi Global, Inc. has negative trailing earnings, so its P/E is not meaningful; Vinci Compass Investments Ltd. trades at 13.0×. Vinci Compass Investments Ltd. grew revenue faster over the last twelve months: 36.2% against 33.3%. Vinci Compass Investments Ltd. has the higher net margin (23.2% vs −40.9%) and the higher return on invested capital (8.68% vs −4.52%). Across the 18 metrics below, Vinci Compass Investments Ltd. leads on 14 and AlTi Global, Inc. on 4.

Valuation

Metric ALTI VINP Asset Management median
P/E n/m 12.99 14.62
P/S 1.25 3.06 2.97
P/B 0.68 1.44 0.94
Price to free cash flow 288.19 15.34 8.93
EV/EBITDA n/m 8.65 10.32
EV/Sales 1.19 2.96 5.72
Earnings yield (42.18%) 7.70% 4.53%
Free cash flow yield 0.35% 6.52% 4.65%

Profitability

Metric ALTI VINP Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin (22.22%) 28.14% 33.03%
Net margin (40.86%) 23.21% 13.53%
Free cash flow margin 0.44% 19.95% 12.44%
Return on equity (19.38%) 12.24% 4.83%
Return on assets (9.62%) 6.57% 1.57%
Return on invested capital (4.52%) 8.68% 3.04%

Growth

Metric ALTI VINP Asset Management median
Revenue growth (TTM) 33.25% 36.21% 6.97%
EPS growth (last fiscal year) (0.65%) 46.15% —
Revenue growth, 5-year CAGR — 21.56% 12.13%
Net income growth, 5-year CAGR 0.00% 3.37% 0.00%

Health

Metric ALTI VINP Asset Management median
Debt to equity 0.01 0.45 0.42
Current ratio 0.97 3.58 1.28
Net debt to EBITDA 0.73 (2.33) 1.06

Dividend

Metric ALTI VINP Asset Management median
Dividend yield — 7.43% 6.92%
Payout ratio 0.00 0.82 0.77

Size

Metric ALTI VINP Asset Management median
Market cap 477.19m 607.99m 721.34m

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