BARINGS BDC, INC. (BBDC) vs Fidus Investment Corporation (FDUS)

BARINGS BDC, INC. and Fidus Investment Corporation are both Asset Management companies. BARINGS BDC, INC. is the larger, with a market value of $902.6M against $759.2M — 1.2× the size. Fidus Investment Corporation trades at the lower P/E: 9.2× against 10.4×. Fidus Investment Corporation grew revenue faster over the last twelve months: 11.9% against −5.06%. Fidus Investment Corporation has the higher net margin (45.4% vs 32.7%) and the lower return on invested capital (5.23% vs 10.9%). Both pay a dividend; BARINGS BDC, INC. yields more (11.6% vs 8.57%). Across the 21 metrics below, BARINGS BDC, INC. leads on 14 and Fidus Investment Corporation on 7.

Valuation

Metric BBDC FDUS Asset Management median
P/E 10.45 9.16 14.62
P/S 3.41 4.26 2.97
P/B 0.79 0.98 0.94
Price to free cash flow 2.98 n/m 8.93
EV/EBITDA 4.84 7.90 10.32
EV/Sales 4.19 5.72 5.72
Earnings yield 9.57% 10.91% 4.53%
Free cash flow yield 33.57% (29.07%) 4.65%

Profitability

Metric BBDC FDUS Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 88.68% 70.64% 33.03%
Net margin 32.73% 45.36% 13.53%
Free cash flow margin 114.50% (123.96%) 12.44%
Return on equity 7.50% 10.81% 4.83%
Return on assets 3.24% 5.60% 1.57%
Return on invested capital 10.90% 5.23% 3.04%

Growth

Metric BBDC FDUS Asset Management median
Revenue growth (TTM) (5.06%) 11.90% 6.97%
EPS growth (last fiscal year) (6.73%) (3.33%) —
Revenue growth, 5-year CAGR 31.49% 12.86% 12.13%
Net income growth, 5-year CAGR 65.63% 21.42% 0.00%

Health

Metric BBDC FDUS Asset Management median
Debt to equity 0.24 0.39 0.42
Current ratio 0.09 0.09 1.28
Net debt to EBITDA 0.69 1.36 1.06

Dividend

Metric BBDC FDUS Asset Management median
Dividend yield 11.62% 8.57% 6.92%
Payout ratio 1.18 1.18 0.77

Size

Metric BBDC FDUS Asset Management median
Market cap 902.57m 759.22m 721.34m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack