Cohen & Steers Inc (CNS) vs Blue Owl Technology Finance Corp. (OTF)

Cohen & Steers Inc and Blue Owl Technology Finance Corp. are both Asset Management companies. Blue Owl Technology Finance Corp. is the larger, with a market value of $4.4B against $3.8B — 1.2× the size. Blue Owl Technology Finance Corp. trades at the lower P/E: 12.2× against 22.4×. Blue Owl Technology Finance Corp. grew revenue faster over the last twelve months: 33.7% against 8.60%. Cohen & Steers Inc has the higher net margin (28.2% vs 27.1%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; Blue Owl Technology Finance Corp. yields more (14.7% vs 3.58%). Across the 18 metrics below, Cohen & Steers Inc leads on 9 and Blue Owl Technology Finance Corp. on 9.

Valuation

Metric CNS OTF Asset Management median
P/E 22.38 12.23 13.38
P/S 6.31 3.28 2.99
P/B 5.56 0.58 0.91
Price to free cash flow 105.86 n/m 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.47% 8.18% 4.67%
Free cash flow yield 0.94% (35.36%) 4.85%

Profitability

Metric CNS OTF Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 32.40% 0.00% 27.27%
Net margin 28.16% 27.11% 11.89%
Free cash flow margin 5.96% (116.08%) 5.96%
Return on equity 27.10% 4.61% 4.57%
Return on assets 38.10% 2.51% 1.40%
Return on invested capital 0.00% 0.00% 2.12%

Growth

Metric CNS OTF Asset Management median
Revenue growth (TTM) 8.60% 33.71% 7.26%
EPS growth (last fiscal year) 0.00% 15.79% (5.64%)
Revenue growth, 5-year CAGR 5.40% 45.91% 11.84%
Net income growth, 5-year CAGR 14.88% 42.61% 0.00%

Health

Metric CNS OTF Asset Management median
Debt to equity 0.00 0.95 0.40
Current ratio 9.19 0.00 1.23
Net debt to EBITDA (2.97) 6.31 1.06

Dividend

Metric CNS OTF Asset Management median
Dividend yield 3.58% 14.68% 6.43%
Payout ratio 0.81 1.79 0.91

Size

Metric CNS OTF Asset Management median
Market cap 3.77b 4.37b 692.54m

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