Cypherpunk Technologies Inc. (CYPH) vs PennantPark Investment Corporation (PNNT)

Cypherpunk Technologies Inc. and PennantPark Investment Corporation are both Asset Management companies. Cypherpunk Technologies Inc. and PennantPark Investment Corporation are of similar size ($229.5M and $220.1M). Cypherpunk Technologies Inc. has negative trailing earnings, so its P/E is not meaningful; PennantPark Investment Corporation trades at 21.6×. Cypherpunk Technologies Inc. grew revenue faster over the last twelve months: 0.00% against −19.9%. PennantPark Investment Corporation has the higher net margin (9.66% vs 0.00%) and the higher return on invested capital (2.65% vs −8.44%). Across the 16 metrics below, PennantPark Investment Corporation leads on 11 and Cypherpunk Technologies Inc. on 5.

Valuation

Metric CYPH PNNT Asset Management median
P/E n/m 21.59 13.79
P/S 261.75 2.09 3.05
P/B 2.82 0.51 0.90
Price to free cash flow n/m 1.93 8.01
EV/EBITDA n/m — —
EV/Sales 364.80 — —
Earnings yield (1.88%) 4.63% 4.59%
Free cash flow yield (5.35%) 51.75% 4.68%

Profitability

Metric CYPH PNNT Asset Management median
Gross margin 0.00% 80.01% 100.00%
Operating margin 0.00% 74.72% 32.18%
Net margin 0.00% 9.66% 13.21%
Free cash flow margin 0.00% 107.91% 11.44%
Return on equity (1.21%) 2.23% 4.66%
Return on assets (1.08%) 0.81% 1.45%
Return on invested capital (8.44%) 2.65% 2.90%

Growth

Metric CYPH PNNT Asset Management median
Revenue growth (TTM) 0.00% (19.87%) 7.13%
EPS growth (last fiscal year) 103.87% (33.33%) (5.64%)
Revenue growth, 5-year CAGR — 4.07% 11.84%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CYPH PNNT Asset Management median
Debt to equity 0.00 1.28 0.37
Current ratio 79.19 0.18 1.27
Net debt to EBITDA 0.34 7.74 1.06

Dividend

Metric CYPH PNNT Asset Management median
Dividend yield — 14.33% 6.56%
Payout ratio — 3.09 0.90

Size

Metric CYPH PNNT Asset Management median
Market cap 229.53m 220.05m 680.64m

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