Carlyle Group Inc. (CG) vs SEI Investments Company (SEIC)

Carlyle Group Inc. and SEI Investments Company are both Asset Management companies. Carlyle Group Inc. is the larger, with a market value of $14.1B against $12.6B — 1.1× the size. SEI Investments Company trades at the lower P/E: 18.2× against 39.6×. SEI Investments Company grew revenue faster over the last twelve months: 11.1% against −41.9%. SEI Investments Company has the higher net margin (28.9% vs 10.1%) and the higher return on invested capital (19.3% vs 4.40%). Both pay a dividend; Carlyle Group Inc. yields more (3.28% vs 1.41%). Across the 21 metrics below, SEI Investments Company leads on 12 and Carlyle Group Inc. on 9.

Valuation

Metric CG SEIC Asset Management median
P/E 39.63 18.22 14.62
P/S 3.97 5.19 2.97
P/B 1.99 5.01 0.94
Price to free cash flow n/m 19.20 8.93
EV/EBITDA 9.73 15.59 10.32
EV/Sales 4.39 5.09 5.72
Earnings yield 2.52% 5.49% 4.53%
Free cash flow yield (33.11%) 5.21% 4.65%

Profitability

Metric CG SEIC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 39.60% 28.90% 33.03%
Net margin 10.08% 28.85% 13.53%
Free cash flow margin (114.16%) 27.03% 12.44%
Return on equity 5.22% 29.00% 4.83%
Return on assets 1.37% 23.76% 1.57%
Return on invested capital 4.40% 19.29% 3.04%

Growth

Metric CG SEIC Asset Management median
Revenue growth (TTM) (41.88%) 11.10% 6.97%
EPS growth (last fiscal year) (21.30%) 27.66% —
Revenue growth, 5-year CAGR 10.25% 6.41% 12.13%
Net income growth, 5-year CAGR 18.36% 9.85% 0.00%

Health

Metric CG SEIC Asset Management median
Debt to equity 1.91 0.06 0.42
Current ratio 2.35 5.06 1.28
Net debt to EBITDA (0.47) (0.41) 1.06

Dividend

Metric CG SEIC Asset Management median
Dividend yield 3.28% 1.41% 6.92%
Payout ratio — 0.29 0.77

Size

Metric CG SEIC Asset Management median
Market cap 14.05b 12.58b 721.34m

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