Burford Capital Limited (BUR) vs Fidus Investment Corporation (FDUS)

Burford Capital Limited and Fidus Investment Corporation are both Asset Management companies. Burford Capital Limited and Fidus Investment Corporation are of similar size ($797.1M and $759.2M). Burford Capital Limited has negative trailing earnings, so its P/E is not meaningful; Fidus Investment Corporation trades at 9.2×. Fidus Investment Corporation grew revenue faster over the last twelve months: 11.9% against −331.0%. Burford Capital Limited has the higher net margin (112.0% vs 45.4%) and the lower return on invested capital (−29.9% vs 5.23%). Both pay a dividend; Fidus Investment Corporation yields more (8.57% vs 0.88%). Across the 18 metrics below, Fidus Investment Corporation leads on 11 and Burford Capital Limited on 7.

Valuation

Metric BUR FDUS Asset Management median
P/E n/m 9.16 14.62
P/S n/m 4.26 2.97
P/B 0.54 0.98 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA n/m 7.90 10.32
EV/Sales (1.63) 5.72 5.72
Earnings yield (211.81%) 10.91% 4.53%
Free cash flow yield (23.17%) (29.07%) 4.65%

Profitability

Metric BUR FDUS Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 99.23% 70.64% 33.03%
Net margin 111.95% 45.36% 13.53%
Free cash flow margin 12.27% (123.96%) 12.44%
Return on equity (71.82%) 10.81% 4.83%
Return on assets (31.82%) 5.60% 1.57%
Return on invested capital (29.90%) 5.23% 3.04%

Growth

Metric BUR FDUS Asset Management median
Revenue growth (TTM) (330.95%) 11.90% 6.97%
EPS growth (last fiscal year) (57.58%) (3.33%) —
Revenue growth, 5-year CAGR 2.85% 12.86% 12.13%
Net income growth, 5-year CAGR (17.64%) 21.42% 0.00%

Health

Metric BUR FDUS Asset Management median
Debt to equity 1.64 0.39 0.42
Current ratio 9.56 0.09 1.28
Net debt to EBITDA 6.34 1.36 1.06

Dividend

Metric BUR FDUS Asset Management median
Dividend yield 0.88% 8.57% 6.92%
Payout ratio 0.10 1.18 0.77

Size

Metric BUR FDUS Asset Management median
Market cap 797.09m 759.22m 721.34m

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