AtlasClear Holdings, Inc. (ATCH) vs Institutional Financial Markets, Inc. (COHN)

AtlasClear Holdings, Inc. and Institutional Financial Markets, Inc. are both Capital Markets companies. Institutional Financial Markets, Inc. is the larger, with a market value of $32.6M against $28.2M — 1.2× the size. AtlasClear Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Institutional Financial Markets, Inc. trades at 1.0×. Institutional Financial Markets, Inc. grew revenue faster over the last twelve months: 126.4% against 50.3%. AtlasClear Holdings, Inc. has the higher net margin (16.8% vs 5.65%) and the lower return on invested capital (0.00% vs 7.99%). Across the 17 metrics below, Institutional Financial Markets, Inc. leads on 9 and AtlasClear Holdings, Inc. on 8.

Valuation

Metric ATCH COHN Capital Markets median
P/E n/m 1.03 15.78
P/S 1.73 0.07 2.32
P/B 1.26 0.21 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m 6.43 8.87
EV/Sales 0.31 1.45 2.28
Earnings yield (20,330.79%) 96.80% (3.77%)
Free cash flow yield (11.34%) (35.90%) (1.49%)

Profitability

Metric ATCH COHN Capital Markets median
Gross margin 100.00% 100.00% 62.80%
Operating margin (49.29%) 22.06% 0.00%
Net margin 16.82% 5.65% (0.55%)
Free cash flow margin (19.19%) (2.58%) 0.00%
Return on equity 65.96% 17.61% 0.00%
Return on assets 4.25% 1.84% 0.00%
Return on invested capital 0.00% 7.99% 0.00%

Growth

Metric ATCH COHN Capital Markets median
Revenue growth (TTM) 50.33% 126.39% 21.02%
EPS growth (last fiscal year) 100.16% 5,537.50% —
Revenue growth, 5-year CAGR — 16.19% 18.16%
Net income growth, 5-year CAGR 0.00% 0.32% 0.00%

Health

Metric ATCH COHN Capital Markets median
Debt to equity 0.61 4.33 0.08
Current ratio 1.52 0.86 1.51
Net debt to EBITDA 4.82 6.20 (0.24)

Dividend

Metric ATCH COHN Capital Markets median
Dividend yield — 14.81% 2.20%
Payout ratio 0.00 0.07 0.00

Size

Metric ATCH COHN Capital Markets median
Market cap 28.19m 32.63m 724.58m

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