Bain Capital Specialty Finance, Inc. (BCSF) vs SLR Investment Corp. (SLRC)

Bain Capital Specialty Finance, Inc. and SLR Investment Corp. are both Asset Management companies. Bain Capital Specialty Finance, Inc. and SLR Investment Corp. are of similar size ($689.6M and $629.0M). SLR Investment Corp. trades at the lower P/E: 8.4× against 10.4×. SLR Investment Corp. grew revenue faster over the last twelve months: −5.79% against −6.95%. SLR Investment Corp. has the higher net margin (35.2% vs 24.2%) and the lower return on invested capital (2.87% vs 3.01%). Both pay a dividend; SLR Investment Corp. yields more (12.7% vs 12.3%). Across the 20 metrics below, SLR Investment Corp. leads on 14 and Bain Capital Specialty Finance, Inc. on 6.

Valuation

Metric BCSF SLRC Asset Management median
P/E 10.36 8.43 13.99
P/S 2.52 2.96 2.76
P/B 0.62 0.63 0.85
Price to free cash flow 4.98 3.97 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.65% 11.86% 4.72%
Free cash flow yield 20.07% 25.21% 4.44%

Profitability

Metric BCSF SLRC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 75.36% 70.27% 33.42%
Net margin 24.22% 35.20% 13.37%
Free cash flow margin 50.60% 74.68% 12.36%
Return on equity 5.76% 7.47% 4.79%
Return on assets 2.37% 2.89% 1.55%
Return on invested capital 3.01% 2.87% 2.97%

Growth

Metric BCSF SLRC Asset Management median
Revenue growth (TTM) (6.95%) (5.79%) 7.42%
EPS growth (last fiscal year) (17.84%) (3.41%) (6.67%)
Revenue growth, 5-year CAGR 7.04% 12.41% 12.51%
Net income growth, 5-year CAGR 64.18% 43.04% 0.00%

Health

Metric BCSF SLRC Asset Management median
Debt to equity 1.39 1.17 0.44
Current ratio 7.20 1.09 1.30
Net debt to EBITDA 6.85 5.05 1.02

Dividend

Metric BCSF SLRC Asset Management median
Dividend yield 12.28% 12.65% 6.60%
Payout ratio 1.27 1.07 0.94

Size

Metric BCSF SLRC Asset Management median
Market cap 689.55m 629.02m 694.86m

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