Carlyle Secured Lending, Inc. (CGBD) vs Ridgepost Capital, Inc. (RPC)

Carlyle Secured Lending, Inc. and Ridgepost Capital, Inc. are both Asset Management companies. Ridgepost Capital, Inc. is the larger, with a market value of $906.2M against $733.5M — 1.2× the size. Carlyle Secured Lending, Inc. trades at the lower P/E: 20.4× against 31.8×. Carlyle Secured Lending, Inc. grew revenue faster over the last twelve months: 10.7% against 4.43%. Carlyle Secured Lending, Inc. has the higher net margin (14.3% vs 8.75%) and the lower return on invested capital (2.75% vs 4.76%). Both pay a dividend; Carlyle Secured Lending, Inc. yields more (14.4% vs 1.89%). Across the 20 metrics below, Carlyle Secured Lending, Inc. leads on 12 and Ridgepost Capital, Inc. on 8.

Valuation

Metric CGBD RPC Asset Management median
P/E 20.41 31.81 13.99
P/S 2.78 2.90 2.76
P/B 0.67 1.75 0.85
Price to free cash flow 4.34 17.08 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.90% 3.14% 4.72%
Free cash flow yield 23.05% 5.85% 4.44%

Profitability

Metric CGBD RPC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 74.29% 23.63% 33.42%
Net margin 14.26% 8.75% 13.37%
Free cash flow margin 64.17% 16.98% 12.36%
Return on equity 3.25% 6.04% 4.79%
Return on assets 1.47% 2.63% 1.55%
Return on invested capital 2.75% 4.76% 2.97%

Growth

Metric CGBD RPC Asset Management median
Revenue growth (TTM) 10.71% 4.43% 7.42%
EPS growth (last fiscal year) (36.08%) 6.25% (6.67%)
Revenue growth, 5-year CAGR 7.01% 34.57% 12.51%
Net income growth, 5-year CAGR 72.30% (3.32%) 0.00%

Health

Metric CGBD RPC Asset Management median
Debt to equity 1.20 0.95 0.44
Current ratio 0.79 2.71 1.30
Net debt to EBITDA 9.27 3.68 1.02

Dividend

Metric CGBD RPC Asset Management median
Dividend yield 14.44% 1.89% 6.60%
Payout ratio 2.95 0.62 0.94

Size

Metric CGBD RPC Asset Management median
Market cap 733.46m 906.18m 694.86m

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