Beneficient (BENF) vs Investcorp Credit Management BDC, Inc. (ICMB)

Beneficient and Investcorp Credit Management BDC, Inc. are both Asset Management companies. Beneficient is the larger, with a market value of $13.2M against $8.8M — 1.5× the size. Beneficient grew revenue faster over the last twelve months: 53.2% against −27.4%. Beneficient has the higher net margin (63.2% vs −132.8%) and the lower return on invested capital (0.00% vs 0.33%). Across the 13 metrics below, Beneficient leads on 8 and Investcorp Credit Management BDC, Inc. on 5.

Valuation

Metric BENF ICMB Asset Management median
P/E n/m n/m 13.35
P/S n/m 0.60 3.01
P/B n/m 0.18 0.91
Price to free cash flow n/m 0.27 7.27
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (5,217.60%) (225.40%) 4.59%
Free cash flow yield (2,364.83%) 367.43% 4.88%

Profitability

Metric BENF ICMB Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 378.64% 56.53% 28.39%
Net margin 63.17% (132.75%) 11.89%
Free cash flow margin 223.10% 220.26% 5.96%
Return on equity 5.95% (32.04%) 4.61%
Return on assets (3.09%) (10.45%) 1.45%
Return on invested capital 0.00% 0.33% 2.27%

Growth

Metric BENF ICMB Asset Management median
Revenue growth (TTM) 53.17% (27.36%) 7.26%
EPS growth (last fiscal year) (120.59%) (114.56%) (5.64%)
Revenue growth, 5-year CAGR — (12.78%) 11.84%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BENF ICMB Asset Management median
Debt to equity (0.53) 2.20 0.39
Current ratio 3.85 7.28 1.25
Net debt to EBITDA 0.71 10.61 1.06

Dividend

Metric BENF ICMB Asset Management median
Dividend yield — 0.00% 6.43%
Payout ratio — — 0.92

Size

Metric BENF ICMB Asset Management median
Market cap 13.16m 8.81m 677.66m

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