Burford Capital Limited (BUR) vs Kayne Anderson BDC, Inc. (KBDC)

Burford Capital Limited and Kayne Anderson BDC, Inc. are both Asset Management companies. Burford Capital Limited and Kayne Anderson BDC, Inc. are of similar size ($857.8M and $797.1M). Burford Capital Limited has negative trailing earnings, so its P/E is not meaningful; Kayne Anderson BDC, Inc. trades at 12.0×. Kayne Anderson BDC, Inc. grew revenue faster over the last twelve months: 4.24% against −331.0%. Burford Capital Limited has the higher net margin (112.0% vs 31.5%) and the lower return on invested capital (−29.9% vs 5.43%). Across the 17 metrics below, Kayne Anderson BDC, Inc. leads on 10 and Burford Capital Limited on 7.

Valuation

Metric BUR KBDC Asset Management median
P/E n/m 11.99 14.62
P/S n/m 3.67 2.97
P/B 0.54 0.82 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA n/m 10.31 10.32
EV/Sales (1.63) 8.79 5.72
Earnings yield (211.81%) 8.34% 4.53%
Free cash flow yield (23.17%) (0.41%) 4.65%

Profitability

Metric BUR KBDC Asset Management median
Gross margin 100.00% 84.96% 100.00%
Operating margin 99.23% 83.39% 33.03%
Net margin 111.95% 31.54% 13.53%
Free cash flow margin 12.27% (1.50%) 12.44%
Return on equity (71.82%) 6.72% 4.83%
Return on assets (31.82%) 3.24% 1.57%
Return on invested capital (29.90%) 5.43% 3.04%

Growth

Metric BUR KBDC Asset Management median
Revenue growth (TTM) (330.95%) 4.24% 6.97%
EPS growth (last fiscal year) (57.58%) (35.75%) —
Revenue growth, 5-year CAGR 2.85% — 12.13%
Net income growth, 5-year CAGR (17.64%) 0.00% 0.00%

Health

Metric BUR KBDC Asset Management median
Debt to equity 1.64 1.16 0.42
Current ratio 9.56 1.25 1.28
Net debt to EBITDA 6.34 5.54 1.06

Dividend

Metric BUR KBDC Asset Management median
Dividend yield 0.88% — 6.92%
Payout ratio 0.10 — 0.77

Size

Metric BUR KBDC Asset Management median
Market cap 797.09m 857.83m 721.34m

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