Artisan Partners Asset Management Inc. (APAM) vs GCM Grosvenor Inc. (GCMG)

Artisan Partners Asset Management Inc. and GCM Grosvenor Inc. are both Asset Management companies. Artisan Partners Asset Management Inc. is the larger, with a market value of $2.9B against $2.6B — 1.1× the size. Artisan Partners Asset Management Inc. trades at the lower P/E: 8.8× against 16.7×. Artisan Partners Asset Management Inc. grew revenue faster over the last twelve months: 9.78% against −22.4%. Artisan Partners Asset Management Inc. has the higher net margin (22.1% vs 0.00%) and the higher return on invested capital (84.8% vs 28.1%). Both pay a dividend; Artisan Partners Asset Management Inc. yields more (6.76% vs 5.47%). Across the 23 metrics below, Artisan Partners Asset Management Inc. leads on 16 and GCM Grosvenor Inc. on 7.

Valuation

Metric APAM GCMG Asset Management median
P/E 8.78 16.72 14.62
P/S 1.92 1.88 2.97
P/B 5.16 6.51 0.94
Price to free cash flow 9.25 4.27 8.93
EV/EBITDA 5.31 6.69 10.32
EV/Sales 1.79 2.41 5.72
Earnings yield 11.39% 5.98% 4.53%
Free cash flow yield 10.81% 23.40% 4.65%

Profitability

Metric APAM GCMG Asset Management median
Gross margin 43.31% 0.00% 100.00%
Operating margin 33.03% 0.00% 33.03%
Net margin 22.08% 0.00% 13.53%
Free cash flow margin 20.78% 0.00% 12.44%
Return on equity 62.29% 87.47% 4.83%
Return on assets 18.97% 6.77% 1.57%
Return on invested capital 84.76% 28.07% 3.04%

Growth

Metric APAM GCMG Asset Management median
Revenue growth (TTM) 9.78% (22.39%) 6.97%
EPS growth (last fiscal year) 10.66% 1,300.00% —
Revenue growth, 5-year CAGR 5.87% 3.69% 12.13%
Net income growth, 5-year CAGR 4.57% 16.13% 0.00%

Health

Metric APAM GCMG Asset Management median
Debt to equity 0.41 2.96 0.42
Current ratio 0.90 1.89 1.28
Net debt to EBITDA (0.16) 1.42 1.06

Dividend

Metric APAM GCMG Asset Management median
Dividend yield 6.76% 5.47% 6.92%
Payout ratio 0.76 0.83 0.77

Size

Metric APAM GCMG Asset Management median
Market cap 2.90b 2.56b 721.34m

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