BCP Investment Corporation (BCIC) vs Hennessy Advisors, Inc. (HNNA)

BCP Investment Corporation and Hennessy Advisors, Inc. are both Asset Management companies. BCP Investment Corporation and Hennessy Advisors, Inc. are of similar size ($82.6M and $82.5M). BCP Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Hennessy Advisors, Inc. trades at 9.9×. BCP Investment Corporation grew revenue faster over the last twelve months: 27.3% against −6.90%. Hennessy Advisors, Inc. has the higher net margin (24.8% vs −5.72%) and the higher return on invested capital (10.6% vs 3.93%). Both pay a dividend; BCP Investment Corporation yields more (24.5% vs 5.73%). Across the 19 metrics below, BCP Investment Corporation leads on 10 and Hennessy Advisors, Inc. on 9.

Valuation

Metric BCIC HNNA Asset Management median
P/E n/m 9.86 13.99
P/S 1.19 2.43 2.76
P/B 0.46 0.80 0.85
Price to free cash flow 0.89 7.96 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (8.11%) 10.15% 4.72%
Free cash flow yield 112.79% 12.56% 4.44%

Profitability

Metric BCIC HNNA Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 41.11% 33.42% 33.42%
Net margin (5.72%) 24.78% 13.37%
Free cash flow margin 134.43% 30.53% 12.36%
Return on equity (2.30%) 8.36% 4.79%
Return on assets (0.88%) 5.88% 1.55%
Return on invested capital 3.93% 10.59% 2.97%

Growth

Metric BCIC HNNA Asset Management median
Revenue growth (TTM) 27.34% (6.90%) 7.42%
EPS growth (last fiscal year) 262.50% 38.04% (6.67%)
Revenue growth, 5-year CAGR 7.42% 1.26% 12.51%
Net income growth, 5-year CAGR (18.30%) 4.90% 0.00%

Health

Metric BCIC HNNA Asset Management median
Debt to equity 1.56 0.00 0.44
Current ratio 1.45 9.39 1.30
Net debt to EBITDA 11.09 (2.37) 1.02

Dividend

Metric BCIC HNNA Asset Management median
Dividend yield 24.47% 5.73% 6.60%
Payout ratio — 0.56 0.94

Size

Metric BCIC HNNA Asset Management median
Market cap 82.60m 82.45m 694.86m

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