Burford Capital Limited (BUR) vs Carlyle Secured Lending, Inc. (CGBD)

Burford Capital Limited and Carlyle Secured Lending, Inc. are both Asset Management companies. Burford Capital Limited and Carlyle Secured Lending, Inc. are of similar size ($797.1M and $767.2M). Burford Capital Limited has negative trailing earnings, so its P/E is not meaningful; Carlyle Secured Lending, Inc. trades at 22.1×. Carlyle Secured Lending, Inc. grew revenue faster over the last twelve months: 10.7% against −331.0%. Burford Capital Limited has the higher net margin (112.0% vs 14.3%) and the lower return on invested capital (−29.9% vs 2.75%). Both pay a dividend; Carlyle Secured Lending, Inc. yields more (9.89% vs 0.88%). Across the 18 metrics below, Carlyle Secured Lending, Inc. leads on 12 and Burford Capital Limited on 6.

Valuation

Metric BUR CGBD Asset Management median
P/E n/m 22.10 14.62
P/S n/m 3.01 2.97
P/B 0.54 0.72 0.94
Price to free cash flow n/m 4.70 8.93
EV/EBITDA n/m 9.15 10.32
EV/Sales (1.63) 7.80 5.72
Earnings yield (211.81%) 4.53% 4.53%
Free cash flow yield (23.17%) 21.29% 4.65%

Profitability

Metric BUR CGBD Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 99.23% 74.29% 33.03%
Net margin 111.95% 14.26% 13.53%
Free cash flow margin 12.27% 64.17% 12.44%
Return on equity (71.82%) 3.25% 4.83%
Return on assets (31.82%) 1.47% 1.57%
Return on invested capital (29.90%) 2.75% 3.04%

Growth

Metric BUR CGBD Asset Management median
Revenue growth (TTM) (330.95%) 10.71% 6.97%
EPS growth (last fiscal year) (57.58%) (36.08%) —
Revenue growth, 5-year CAGR 2.85% 7.01% 12.13%
Net income growth, 5-year CAGR (17.64%) 72.30% 0.00%

Health

Metric BUR CGBD Asset Management median
Debt to equity 1.64 1.20 0.42
Current ratio 9.56 0.79 1.28
Net debt to EBITDA 6.34 9.27 1.06

Dividend

Metric BUR CGBD Asset Management median
Dividend yield 0.88% 9.89% 6.92%
Payout ratio 0.10 1.08 0.77

Size

Metric BUR CGBD Asset Management median
Market cap 797.09m 767.17m 721.34m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack