DigitalBridge Group, Inc. (DBRG) vs Golub Capital BDC, Inc. (GBDC)

DigitalBridge Group, Inc. and Golub Capital BDC, Inc. are both Asset Management companies. DigitalBridge Group, Inc. and Golub Capital BDC, Inc. are of similar size ($3.2B and $3.0B). DigitalBridge Group, Inc. trades at the lower P/E: 10.3× against 19.2×. DigitalBridge Group, Inc. grew revenue faster over the last twelve months: 242.8% against −8.73%. DigitalBridge Group, Inc. has the higher net margin (45.1% vs 21.5%) and the higher return on invested capital (5.02% vs 2.81%). Both pay a dividend; Golub Capital BDC, Inc. yields more (9.10% vs 0.23%). Across the 22 metrics below, DigitalBridge Group, Inc. leads on 12 and Golub Capital BDC, Inc. on 10.

Valuation

Metric DBRG GBDC Asset Management median
P/E 10.31 19.17 14.62
P/S 4.58 4.05 2.97
P/B 1.60 0.88 0.94
Price to free cash flow 16.20 3.53 8.93
EV/EBITDA 12.26 13.25 10.32
EV/Sales 4.22 10.27 5.72
Earnings yield 9.70% 5.22% 4.53%
Free cash flow yield 6.17% 28.34% 4.65%

Profitability

Metric DBRG GBDC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 30.23% 78.18% 33.03%
Net margin 45.07% 21.45% 13.53%
Free cash flow margin 28.25% 114.85% 12.44%
Return on equity 16.58% 4.46% 4.83%
Return on assets 7.95% 1.95% 1.57%
Return on invested capital 5.02% 2.81% 3.04%

Growth

Metric DBRG GBDC Asset Management median
Revenue growth (TTM) 242.82% (8.73%) 6.97%
EPS growth (last fiscal year) 144.66% 4.41% —
Revenue growth, 5-year CAGR (25.75%) 23.84% 12.13%
Net income growth, 5-year CAGR 0.00% 47.00% 0.00%

Health

Metric DBRG GBDC Asset Management median
Debt to equity 0.11 1.22 0.42
Current ratio 0.00 1.33 1.28
Net debt to EBITDA 1.62 6.94 1.06

Dividend

Metric DBRG GBDC Asset Management median
Dividend yield 0.23% 9.10% 6.92%
Payout ratio 0.00 1.33 0.77

Size

Metric DBRG GBDC Asset Management median
Market cap 3.04b 3.22b 721.34m

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