Fidus Investment Corporation (FDUS) vs Prospect Capital Corporation (PSEC)

Fidus Investment Corporation and Prospect Capital Corporation are both Asset Management companies. Prospect Capital Corporation is the larger, with a market value of $870.1M against $773.1M — 1.1× the size. Fidus Investment Corporation trades at the lower P/E: 9.1× against 32.0×. Fidus Investment Corporation grew revenue faster over the last twelve months: 11.9% against −11.1%. Fidus Investment Corporation has the higher net margin (45.4% vs 4.66%) and the higher return on invested capital (5.23% vs 3.23%). Both pay a dividend; Prospect Capital Corporation yields more (32.8% vs 2.27%). Across the 20 metrics below, Fidus Investment Corporation leads on 12 and Prospect Capital Corporation on 8.

Valuation

Metric FDUS PSEC Asset Management median
P/E 9.08 32.00 13.99
P/S 4.22 1.20 2.76
P/B 0.98 0.26 0.85
Price to free cash flow n/m 1.49 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 11.02% 3.13% 4.72%
Free cash flow yield (29.34%) 67.25% 4.44%

Profitability

Metric FDUS PSEC Asset Management median
Gross margin 100.00% 75.38% 100.00%
Operating margin 70.64% 71.35% 33.42%
Net margin 45.36% 4.66% 13.37%
Free cash flow margin (123.96%) 80.74% 12.36%
Return on equity 10.81% 1.01% 4.79%
Return on assets 5.60% 0.45% 1.55%
Return on invested capital 5.23% 3.23% 2.97%

Growth

Metric FDUS PSEC Asset Management median
Revenue growth (TTM) 11.90% (11.12%) 7.42%
EPS growth (last fiscal year) (3.33%) 104.44% (6.67%)
Revenue growth, 5-year CAGR 12.86% 0.24% 12.51%
Net income growth, 5-year CAGR 21.42% (50.08%) 0.00%

Health

Metric FDUS PSEC Asset Management median
Debt to equity 0.39 0.41 0.44
Current ratio 0.09 0.87 1.30
Net debt to EBITDA 1.36 3.95 1.02

Dividend

Metric FDUS PSEC Asset Management median
Dividend yield 2.27% 32.81% 6.60%
Payout ratio 0.21 10.50 0.94

Size

Metric FDUS PSEC Asset Management median
Market cap 773.14m 870.12m 694.86m

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