Antalpha Platform Holding Company (ANTA) vs CURO Group Holdings Corp. (CUROQ)

Antalpha Platform Holding Company and CURO Group Holdings Corp. are both Credit Services companies. Antalpha Platform Holding Company is the larger, with a market value of $55.9M against $5.9M — 9.5× the size. CURO Group Holdings Corp. has negative trailing earnings, so its P/E is not meaningful; Antalpha Platform Holding Company trades at 3.8×. Antalpha Platform Holding Company grew revenue faster over the last twelve months: 43.9% against −14.2%. Antalpha Platform Holding Company has the higher net margin (15.2% vs −77.0%) and the lower return on invested capital (−0.95% vs 0.39%). Across the 15 metrics below, Antalpha Platform Holding Company leads on 8 and CURO Group Holdings Corp. on 7.

Valuation

Metric ANTA CUROQ Credit Services median
P/E 3.84 n/m 9.39
P/S 0.67 0.00 0.86
P/B 0.27 n/m 1.16
Price to free cash flow n/m n/m 2.78
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 26.06% (25,100.00%) 6.55%
Free cash flow yield (29.36%) (1,660.95%) 12.26%

Profitability

Metric ANTA CUROQ Credit Services median
Gross margin 49.97% 42.47% 77.13%
Operating margin (5.04%) 1.73% 0.34%
Net margin 15.19% (77.04%) 9.25%
Free cash flow margin 0.00% (5.16%) 12.91%
Return on equity 0.00% 299.47% 8.49%
Return on assets 0.85% (17.99%) 2.16%
Return on invested capital (0.95%) 0.39% 4.09%

Growth

Metric ANTA CUROQ Credit Services median
Revenue growth (TTM) 43.87% (14.18%) 4.62%
EPS growth (last fiscal year) 231.56% (432.61%) 21.94%
Revenue growth, 5-year CAGR — 0.45% 9.13%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric ANTA CUROQ Credit Services median
Debt to equity 0.50 (5.09) 0.68
Current ratio 1.29 9.33 1.55
Net debt to EBITDA 46.87 12.24 0.13

Dividend

Metric ANTA CUROQ Credit Services median
Dividend yield — — 1.64%
Payout ratio — — 0.22

Size

Metric ANTA CUROQ Credit Services median
Market cap 55.90m 5.86m 751.08m

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