Gladstone Investment Corporation (GAIN) vs Vinci Compass Investments Ltd. (VINP)

Gladstone Investment Corporation and Vinci Compass Investments Ltd. are both Asset Management companies. Gladstone Investment Corporation and Vinci Compass Investments Ltd. are of similar size ($623.2M and $608.0M). Gladstone Investment Corporation trades at the lower P/E: 3.8× against 13.0×. Vinci Compass Investments Ltd. grew revenue faster over the last twelve months: 36.2% against 9.32%. Gladstone Investment Corporation has the higher net margin (159.0% vs 23.2%) and the lower return on invested capital (2.36% vs 8.68%). Both pay a dividend; Vinci Compass Investments Ltd. yields more (7.43% vs 6.59%). Across the 21 metrics below, Vinci Compass Investments Ltd. leads on 12 and Gladstone Investment Corporation on 9.

Valuation

Metric GAIN VINP Asset Management median
P/E 3.78 12.99 14.62
P/S 6.06 3.06 2.97
P/B 0.97 1.44 0.94
Price to free cash flow n/m 15.34 8.93
EV/EBITDA n/m 8.65 10.32
EV/Sales 6.07 2.96 5.72
Earnings yield 26.44% 7.70% 4.53%
Free cash flow yield (6.89%) 6.52% 4.65%

Profitability

Metric GAIN VINP Asset Management median
Gross margin 61.22% 100.00% 100.00%
Operating margin 23.40% 28.14% 33.03%
Net margin 158.95% 23.21% 13.53%
Free cash flow margin (41.74%) 19.95% 12.44%
Return on equity 29.17% 12.24% 4.83%
Return on assets 14.01% 6.57% 1.57%
Return on invested capital 2.36% 8.68% 3.04%

Growth

Metric GAIN VINP Asset Management median
Revenue growth (TTM) 9.32% 36.21% 6.97%
EPS growth (last fiscal year) 167.98% 46.15% —
Revenue growth, 5-year CAGR 11.84% 21.56% 12.13%
Net income growth, 5-year CAGR 34.19% 3.37% 0.00%

Health

Metric GAIN VINP Asset Management median
Debt to equity 0.00 0.45 0.42
Current ratio 0.02 3.58 1.28
Net debt to EBITDA 0.01 (2.33) 1.06

Dividend

Metric GAIN VINP Asset Management median
Dividend yield 6.59% 7.43% 6.92%
Payout ratio 0.97 0.82 0.77

Size

Metric GAIN VINP Asset Management median
Market cap 623.21m 607.99m 721.34m

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