Institutional Financial Markets, Inc. (COHN) vs Fold Holdings, Inc. (FLD)

Institutional Financial Markets, Inc. and Fold Holdings, Inc. are both Capital Markets companies. Institutional Financial Markets, Inc. and Fold Holdings, Inc. are of similar size ($32.6M and $29.8M). Fold Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Institutional Financial Markets, Inc. trades at 1.0×. Institutional Financial Markets, Inc. grew revenue faster over the last twelve months: 126.4% against −2.54%. Institutional Financial Markets, Inc. has the higher net margin (5.65% vs −258.6%) and the higher return on invested capital (7.99% vs −112.3%). Across the 17 metrics below, Institutional Financial Markets, Inc. leads on 12 and Fold Holdings, Inc. on 5.

Valuation

Metric COHN FLD Capital Markets median
P/E 1.03 n/m 15.78
P/S 0.07 0.99 2.32
P/B 0.21 0.90 1.89
Price to free cash flow n/m 0.98 6.25
EV/EBITDA 6.43 n/m 8.87
EV/Sales 1.45 2.86 2.28
Earnings yield 96.80% (285.19%) (3.77%)
Free cash flow yield (35.90%) 102.28% (1.49%)

Profitability

Metric COHN FLD Capital Markets median
Gross margin 100.00% 6.75% 62.80%
Operating margin 22.06% (97.49%) 0.00%
Net margin 5.65% (258.60%) (0.55%)
Free cash flow margin (2.58%) 101.46% 0.00%
Return on equity 17.61% (121.82%) 0.00%
Return on assets 1.84% (62.20%) 0.00%
Return on invested capital 7.99% (112.28%) 0.00%

Growth

Metric COHN FLD Capital Markets median
Revenue growth (TTM) 126.39% (2.54%) 21.02%
EPS growth (last fiscal year) 5,537.50% 85.20% —
Revenue growth, 5-year CAGR 16.19% — 18.16%
Net income growth, 5-year CAGR 0.32% — 0.00%

Health

Metric COHN FLD Capital Markets median
Debt to equity 4.33 0.40 0.08
Current ratio 0.86 1.84 1.51
Net debt to EBITDA 6.20 (2.68) (0.24)

Dividend

Metric COHN FLD Capital Markets median
Dividend yield 14.81% — 2.20%
Payout ratio 0.07 0.00 0.00

Size

Metric COHN FLD Capital Markets median
Market cap 32.63m 29.76m 724.58m

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