Bain Capital Specialty Finance, Inc. (BCSF) vs ESGL Holdings Limited (OIO)

Bain Capital Specialty Finance, Inc. and ESGL Holdings Limited are both Asset Management companies. Bain Capital Specialty Finance, Inc. is the larger, with a market value of $689.6M against $563.8M — 1.2× the size. ESGL Holdings Limited has negative trailing earnings, so its P/E is not meaningful; Bain Capital Specialty Finance, Inc. trades at 10.4×. Bain Capital Specialty Finance, Inc. has the higher net margin (24.2% vs 0.00%) and the higher return on invested capital (3.01% vs 0.00%). Across the 13 metrics below, Bain Capital Specialty Finance, Inc. leads on 10 and ESGL Holdings Limited on 3.

Valuation

Metric BCSF OIO Asset Management median
P/E 10.36 n/m 13.99
P/S 2.52 n/m 2.76
P/B 0.62 0.09 0.85
Price to free cash flow 4.98 n/m 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.65% (89.34%) 4.72%
Free cash flow yield 20.07% (198.39%) 4.44%

Profitability

Metric BCSF OIO Asset Management median
Gross margin 100.00% — 100.00%
Operating margin 75.36% 0.00% 33.42%
Net margin 24.22% 0.00% 13.37%
Free cash flow margin 50.60% 0.00% 12.36%
Return on equity 5.76% 0.00% 4.79%
Return on assets 2.37% 0.00% 1.55%
Return on invested capital 3.01% 0.00% 2.97%

Growth

Metric BCSF OIO Asset Management median
Revenue growth (TTM) (6.95%) — 7.42%
EPS growth (last fiscal year) (17.84%) (466.67%) (6.67%)
Revenue growth, 5-year CAGR 7.04% — 12.51%
Net income growth, 5-year CAGR 64.18% — 0.00%

Health

Metric BCSF OIO Asset Management median
Debt to equity 1.39 0.29 0.44
Current ratio 7.20 0.18 1.30
Net debt to EBITDA 6.85 (2.17) 1.02

Dividend

Metric BCSF OIO Asset Management median
Dividend yield 12.28% — 6.60%
Payout ratio 1.27 — 0.94

Size

Metric BCSF OIO Asset Management median
Market cap 689.55m 563.80m 694.86m

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