AMTD IDEA Group (AMTD) vs Investcorp Credit Management BDC, Inc. (ICMB)

AMTD IDEA Group and Investcorp Credit Management BDC, Inc. are both Asset Management companies. AMTD IDEA Group is the larger, with a market value of $11.0M against $8.8M — 1.2× the size. Investcorp Credit Management BDC, Inc. has negative trailing earnings, so its P/E is not meaningful; AMTD IDEA Group trades at 11.0×. AMTD IDEA Group grew revenue faster over the last twelve months: 150.9% against −27.4%. AMTD IDEA Group has the higher net margin (87.8% vs −132.8%) and the lower return on invested capital (0.00% vs 0.33%). Across the 18 metrics below, AMTD IDEA Group leads on 12 and Investcorp Credit Management BDC, Inc. on 6.

Valuation

Metric AMTD ICMB Asset Management median
P/E 10.99 n/m 13.35
P/S 0.02 0.60 3.01
P/B 0.00 0.18 0.91
Price to free cash flow n/m 0.27 7.27
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.10% (225.40%) 4.59%
Free cash flow yield 0.00% 367.43% 4.88%

Profitability

Metric AMTD ICMB Asset Management median
Gross margin 0.00% 100.00% 100.00%
Operating margin 0.00% 56.53% 28.39%
Net margin 87.76% (132.75%) 11.89%
Free cash flow margin 0.00% 220.26% 5.96%
Return on equity 0.00% (32.04%) 4.61%
Return on assets 0.00% (10.45%) 1.45%
Return on invested capital 0.00% 0.33% 2.27%

Growth

Metric AMTD ICMB Asset Management median
Revenue growth (TTM) 150.88% (27.36%) 7.26%
EPS growth (last fiscal year) (5.64%) (114.56%) (5.64%)
Revenue growth, 5-year CAGR (2.98%) (12.78%) 11.84%
Net income growth, 5-year CAGR (21.23%) 0.00% 0.00%

Health

Metric AMTD ICMB Asset Management median
Debt to equity 0.17 2.20 0.39
Current ratio 29.75 7.28 1.25
Net debt to EBITDA 0.00 10.61 1.06

Dividend

Metric AMTD ICMB Asset Management median
Dividend yield — 0.00% 6.43%
Payout ratio — — 0.92

Size

Metric AMTD ICMB Asset Management median
Market cap 10.99m 8.81m 677.66m

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