Franklin Resources Inc (BEN) vs TPG Inc. (TPG)

Franklin Resources Inc and TPG Inc. are both Asset Management companies. Franklin Resources Inc and TPG Inc. are of similar size ($16.7B and $15.9B). Franklin Resources Inc trades at the lower P/E: 21.1× against 36.0×. TPG Inc. grew revenue faster over the last twelve months: 30.1% against 7.94%. Franklin Resources Inc has the higher net margin (8.14% vs 4.67%) and the lower return on invested capital (2.27% vs 7.97%). Both pay a dividend; TPG Inc. yields more (5.27% vs 4.26%). Across the 20 metrics below, TPG Inc. leads on 13 and Franklin Resources Inc on 7.

Valuation

Metric BEN TPG Asset Management median
P/E 21.07 36.03 13.99
P/S 1.71 1.38 2.76
P/B 1.24 1.87 0.85
Price to free cash flow 68.92 7.63 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.74% 2.78% 4.72%
Free cash flow yield 1.45% 13.10% 4.44%

Profitability

Metric BEN TPG Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 9.71% 15.54% 33.42%
Net margin 8.14% 4.67% 13.37%
Free cash flow margin 2.48% 18.15% 12.36%
Return on equity 5.84% 6.47% 4.79%
Return on assets 2.21% 1.82% 1.55%
Return on invested capital 2.27% 7.97% 2.97%

Growth

Metric BEN TPG Asset Management median
Revenue growth (TTM) 7.94% 30.07% 7.42%
EPS growth (last fiscal year) 7.06% 207.14% (6.67%)
Revenue growth, 5-year CAGR 9.52% 17.17% 12.51%
Net income growth, 5-year CAGR (9.65%) (33.68%) 0.00%

Health

Metric BEN TPG Asset Management median
Debt to equity 1.22 0.63 0.44
Current ratio 1.48 0.31 1.30
Net debt to EBITDA 7.18 1.06 1.02

Dividend

Metric BEN TPG Asset Management median
Dividend yield 4.26% 5.27% 6.60%
Payout ratio 0.90 3.39 0.94

Size

Metric BEN TPG Asset Management median
Market cap 15.94b 16.68b 694.86m

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