Bain Capital Specialty Finance, Inc. (BCSF) vs Fidus Investment Corporation (FDUS)

Bain Capital Specialty Finance, Inc. and Fidus Investment Corporation are both Asset Management companies. Bain Capital Specialty Finance, Inc. and Fidus Investment Corporation are of similar size ($759.2M and $721.3M). Fidus Investment Corporation trades at the lower P/E: 9.2× against 11.2×. Fidus Investment Corporation grew revenue faster over the last twelve months: 11.9% against −6.95%. Fidus Investment Corporation has the higher net margin (45.4% vs 24.2%) and the higher return on invested capital (5.23% vs 3.01%). Both pay a dividend; Bain Capital Specialty Finance, Inc. yields more (10.7% vs 8.57%). Across the 21 metrics below, Fidus Investment Corporation leads on 13 and Bain Capital Specialty Finance, Inc. on 8.

Valuation

Metric BCSF FDUS Asset Management median
P/E 11.19 9.16 14.62
P/S 2.72 4.26 2.97
P/B 0.67 0.98 0.94
Price to free cash flow 5.38 n/m 8.93
EV/EBITDA 18.11 7.90 10.32
EV/Sales 13.76 5.72 5.72
Earnings yield 8.94% 10.91% 4.53%
Free cash flow yield 18.58% (29.07%) 4.65%

Profitability

Metric BCSF FDUS Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 75.36% 70.64% 33.03%
Net margin 24.22% 45.36% 13.53%
Free cash flow margin 50.60% (123.96%) 12.44%
Return on equity 5.76% 10.81% 4.83%
Return on assets 2.37% 5.60% 1.57%
Return on invested capital 3.01% 5.23% 3.04%

Growth

Metric BCSF FDUS Asset Management median
Revenue growth (TTM) (6.95%) 11.90% 6.97%
EPS growth (last fiscal year) (17.84%) (3.33%) —
Revenue growth, 5-year CAGR 7.04% 12.86% 12.13%
Net income growth, 5-year CAGR 64.18% 21.42% 0.00%

Health

Metric BCSF FDUS Asset Management median
Debt to equity 1.39 0.39 0.42
Current ratio 7.20 0.09 1.28
Net debt to EBITDA 6.85 1.36 1.06

Dividend

Metric BCSF FDUS Asset Management median
Dividend yield 10.72% 8.57% 6.92%
Payout ratio 0.83 1.18 0.77

Size

Metric BCSF FDUS Asset Management median
Market cap 721.34m 759.22m 721.34m

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