FS KKR Capital Corp. (FSK) vs Hercules Capital, Inc. (HTGC)

FS KKR Capital Corp. and Hercules Capital, Inc. are both Asset Management companies. FS KKR Capital Corp. and Hercules Capital, Inc. are of similar size ($3.1B and $3.1B). FS KKR Capital Corp. has negative trailing earnings, so its P/E is not meaningful; Hercules Capital, Inc. trades at 8.1×. Hercules Capital, Inc. grew revenue faster over the last twelve months: 12.3% against −20.1%. Hercules Capital, Inc. has the higher net margin (67.7% vs −28.5%) and the higher return on invested capital (4.64% vs 2.98%). Both pay a dividend; FS KKR Capital Corp. yields more (12.7% vs 9.25%). Across the 21 metrics below, Hercules Capital, Inc. leads on 11 and FS KKR Capital Corp. on 10.

Valuation

Metric FSK HTGC Asset Management median
P/E n/m 8.12 14.62
P/S 2.40 5.56 2.97
P/B 0.62 1.38 0.94
Price to free cash flow 1.64 373.68 8.93
EV/EBITDA 9.43 11.96 10.32
EV/Sales 7.24 9.60 5.72
Earnings yield (12.00%) 12.32% 4.53%
Free cash flow yield 61.03% 0.27% 4.65%

Profitability

Metric FSK HTGC Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 75.06% 78.48% 33.03%
Net margin (28.52%) 67.68% 13.53%
Free cash flow margin 146.24% 1.49% 12.44%
Return on equity (6.66%) 17.32% 4.83%
Return on assets (2.82%) 8.54% 1.57%
Return on invested capital 2.98% 4.64% 3.04%

Growth

Metric FSK HTGC Asset Management median
Revenue growth (TTM) (20.11%) 12.34% 6.97%
EPS growth (last fiscal year) (98.09%) 14.91% —
Revenue growth, 5-year CAGR 18.91% 13.14% 12.13%
Net income growth, 5-year CAGR 0.00% 8.37% 0.00%

Health

Metric FSK HTGC Asset Management median
Debt to equity 1.23 1.03 0.42
Current ratio 2.28 1.37 1.28
Net debt to EBITDA 6.40 5.21 1.06

Dividend

Metric FSK HTGC Asset Management median
Dividend yield 12.71% 9.25% 6.92%
Payout ratio 2.60 0.70 0.77

Size

Metric FSK HTGC Asset Management median
Market cap 3.05b 3.14b 721.34m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack