Cypherpunk Technologies Inc. (CYPH) vs Saratoga Investment Corp (SAR)

Cypherpunk Technologies Inc. and Saratoga Investment Corp are both Asset Management companies. Cypherpunk Technologies Inc. is the larger, with a market value of $229.5M against $196.2M — 1.2× the size. Cypherpunk Technologies Inc. grew revenue faster over the last twelve months: 0.00% against −4.15%. Cypherpunk Technologies Inc. has the higher net margin (0.00% vs −3.35%) and the lower return on invested capital (−8.44% vs 6.21%). Across the 17 metrics below, Cypherpunk Technologies Inc. leads on 9 and Saratoga Investment Corp on 8.

Valuation

Metric CYPH SAR Asset Management median
P/E n/m n/m 13.79
P/S 261.75 1.65 3.05
P/B 2.82 0.58 0.90
Price to free cash flow n/m n/m 8.01
EV/EBITDA n/m — —
EV/Sales 364.80 — —
Earnings yield (1.88%) (1.97%) 4.59%
Free cash flow yield (5.35%) (75.31%) 4.68%

Profitability

Metric CYPH SAR Asset Management median
Gross margin 0.00% 100.00% 100.00%
Operating margin 0.00% 67.89% 32.18%
Net margin 0.00% (3.35%) 13.21%
Free cash flow margin 0.00% (124.08%) 11.44%
Return on equity (1.21%) (1.09%) 4.66%
Return on assets (1.08%) (0.34%) 1.45%
Return on invested capital (8.44%) 6.21% 2.90%

Growth

Metric CYPH SAR Asset Management median
Revenue growth (TTM) 0.00% (4.15%) 7.13%
EPS growth (last fiscal year) 103.87% 14.36% (5.64%)
Revenue growth, 5-year CAGR — 16.87% 11.84%
Net income growth, 5-year CAGR 0.00% 19.89% 0.00%

Health

Metric CYPH SAR Asset Management median
Debt to equity 0.00 0.20 0.37
Current ratio 79.19 0.13 1.27
Net debt to EBITDA 0.34 0.50 1.06

Dividend

Metric CYPH SAR Asset Management median
Dividend yield — 23.58% 6.56%
Payout ratio — 3.50 0.90

Size

Metric CYPH SAR Asset Management median
Market cap 229.53m 196.21m 680.64m

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