Binah Capital Group, Inc. (BCG) vs Rand Capital Corporation (RAND)

Binah Capital Group, Inc. and Rand Capital Corporation are both Asset Management companies. Rand Capital Corporation is the larger, with a market value of $29.1M against $19.9M — 1.5× the size. Rand Capital Corporation has negative trailing earnings, so its P/E is not meaningful; Binah Capital Group, Inc. trades at 5.8×. Binah Capital Group, Inc. grew revenue faster over the last twelve months: 8.29% against −31.0%. Binah Capital Group, Inc. has the higher net margin (2.17% vs −2.66%) and the higher return on invested capital (30.4% vs 0.00%). Across the 16 metrics below, Binah Capital Group, Inc. leads on 11 and Rand Capital Corporation on 5.

Valuation

Metric BCG RAND Asset Management median
P/E 5.75 n/m 14.62
P/S 0.10 5.40 2.97
P/B 5.96 0.58 0.94
Price to free cash flow 3.45 n/m 8.93
EV/EBITDA 1.76 n/m 10.32
EV/Sales 0.05 (4.02) 5.72
Earnings yield 17.39% (0.40%) 4.53%
Free cash flow yield 29.03% (13.45%) 4.65%

Profitability

Metric BCG RAND Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 2.50% 56.38% 33.03%
Net margin 2.17% (2.66%) 13.53%
Free cash flow margin 2.92% (72.42%) 12.44%
Return on equity 294.38% (0.27%) 4.83%
Return on assets 6.00% (0.25%) 1.57%
Return on invested capital 30.35% 0.00% 3.04%

Growth

Metric BCG RAND Asset Management median
Revenue growth (TTM) 8.29% (30.97%) 6.97%
EPS growth (last fiscal year) 142.50% (179.82%) —
Revenue growth, 5-year CAGR — 15.85% 12.13%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BCG RAND Asset Management median
Debt to equity 0.00 0.10 0.42
Current ratio 0.47 90.74 1.28
Net debt to EBITDA (3.10) (9.71) 1.06

Dividend

Metric BCG RAND Asset Management median
Dividend yield — 6.92% 6.92%
Payout ratio — 0.33 0.77

Size

Metric BCG RAND Asset Management median
Market cap 19.88m 29.13m 721.34m

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