Ellington Credit Company (EARN) vs Silvercrest Asset Management Group Inc. (SAMG)

Ellington Credit Company and Silvercrest Asset Management Group Inc. are both Asset Management companies. Ellington Credit Company and Silvercrest Asset Management Group Inc. are of similar size ($131.1M and $120.2M). Ellington Credit Company trades at the lower P/E: 10.9× against 55.0×. Ellington Credit Company grew revenue faster over the last twelve months: 17.2% against 1.22%. Ellington Credit Company has the higher net margin (13.2% vs 0.74%) and the lower return on invested capital (1.60% vs 3.48%). Both pay a dividend; Ellington Credit Company yields more (29.4% vs 7.88%). Across the 21 metrics below, Ellington Credit Company leads on 12 and Silvercrest Asset Management Group Inc. on 9.

Valuation

Metric EARN SAMG Asset Management median
P/E 10.90 54.98 13.35
P/S 1.55 0.66 3.01
P/B 0.40 1.09 0.91
Price to free cash flow 8.46 14.93 7.27
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.17% 1.82% 4.59%
Free cash flow yield 11.82% 6.70% 4.88%

Profitability

Metric EARN SAMG Asset Management median
Gross margin 94.17% 100.00% 100.00%
Operating margin 12.60% 2.54% 28.39%
Net margin 13.21% 0.74% 11.89%
Free cash flow margin 18.27% 4.40% 5.96%
Return on equity 3.99% 1.10% 4.61%
Return on assets 0.00% 0.62% 1.45%
Return on invested capital 1.60% 3.48% 2.27%

Growth

Metric EARN SAMG Asset Management median
Revenue growth (TTM) 17.19% 1.22% 7.26%
EPS growth (last fiscal year) (8.87%) (44.00%) (5.64%)
Revenue growth, 5-year CAGR 2.61% 3.02% 11.84%
Net income growth, 5-year CAGR (21.61%) (13.28%) 0.00%

Health

Metric EARN SAMG Asset Management median
Debt to equity 2.91 0.12 0.39
Current ratio 0.14 0.80 1.25
Net debt to EBITDA 50.05 (3.41) 1.06

Dividend

Metric EARN SAMG Asset Management median
Dividend yield 29.36% 7.88% 6.43%
Payout ratio — 4.35 0.92

Size

Metric EARN SAMG Asset Management median
Market cap 120.24m 131.12m 677.66m

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