BARINGS BDC, INC. (BBDC) vs Virtus Investment Partners, Inc. (VRTS)

BARINGS BDC, INC. and Virtus Investment Partners, Inc. are both Asset Management companies. BARINGS BDC, INC. and Virtus Investment Partners, Inc. are of similar size ($902.6M and $859.8M). Virtus Investment Partners, Inc. trades at the lower P/E: 7.3× against 10.4×. BARINGS BDC, INC. grew revenue faster over the last twelve months: −5.06% against −7.16%. BARINGS BDC, INC. has the higher net margin (32.7% vs 14.5%) and the higher return on invested capital (10.9% vs 0.00%). Both pay a dividend; BARINGS BDC, INC. yields more (11.6% vs 3.41%). Across the 20 metrics below, BARINGS BDC, INC. leads on 12 and Virtus Investment Partners, Inc. on 8.

Valuation

Metric BBDC VRTS Asset Management median
P/E 10.45 7.32 14.62
P/S 3.41 1.06 2.97
P/B 0.79 0.92 0.94
Price to free cash flow 2.98 n/m 8.93
EV/EBITDA 4.84 n/m 10.32
EV/Sales 4.19 (1.78) 5.72
Earnings yield 9.57% 13.66% 4.53%
Free cash flow yield 33.57% (5.96%) 4.65%

Profitability

Metric BBDC VRTS Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 88.68% 15.71% 33.03%
Net margin 32.73% 14.52% 13.53%
Free cash flow margin 114.50% (6.29%) 12.44%
Return on equity 7.50% 12.99% 4.83%
Return on assets 3.24% 2.91% 1.57%
Return on invested capital 10.90% 0.00% 3.04%

Growth

Metric BBDC VRTS Asset Management median
Revenue growth (TTM) (5.06%) (7.16%) 6.97%
EPS growth (last fiscal year) (6.73%) 18.24% —
Revenue growth, 5-year CAGR 31.49% 7.15% 12.13%
Net income growth, 5-year CAGR 65.63% 11.60% 0.00%

Health

Metric BBDC VRTS Asset Management median
Debt to equity 0.24 0.44 0.42
Current ratio 0.09 10.54 1.28
Net debt to EBITDA 0.69 (12.38) 1.06

Dividend

Metric BBDC VRTS Asset Management median
Dividend yield 11.62% 3.41% 6.92%
Payout ratio 1.18 0.35 0.77

Size

Metric BBDC VRTS Asset Management median
Market cap 902.57m 859.76m 721.34m

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