Great Elm Group, Inc. (GEG) vs PhenixFIN Corporation (PFX)

Great Elm Group, Inc. and PhenixFIN Corporation are both Asset Management companies. PhenixFIN Corporation is the larger, with a market value of $85.5M against $67.1M — 1.3× the size. Great Elm Group, Inc. has negative trailing earnings, so its P/E is not meaningful; PhenixFIN Corporation trades at 18.3×. Great Elm Group, Inc. grew revenue faster over the last twelve months: 70.2% against 5.10%. PhenixFIN Corporation has the higher net margin (18.6% vs −127.6%) and the higher return on invested capital (3.29% vs −70.6%). Across the 17 metrics below, PhenixFIN Corporation leads on 11 and Great Elm Group, Inc. on 6.

Valuation

Metric GEG PFX Asset Management median
P/E n/m 18.28 13.99
P/S 2.34 3.38 2.76
P/B 1.60 0.54 0.85
Price to free cash flow 4.12 n/m 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (53.49%) 5.47% 4.72%
Free cash flow yield 24.29% (3.52%) 4.44%

Profitability

Metric GEG PFX Asset Management median
Gross margin (18.20%) 100.00% 100.00%
Operating margin (50.44%) 63.13% 33.42%
Net margin (127.61%) 18.55% 13.37%
Free cash flow margin 56.43% (11.89%) 12.36%
Return on equity (58.36%) 2.97% 4.79%
Return on assets (26.49%) 1.52% 1.55%
Return on invested capital (70.64%) 3.29% 2.97%

Growth

Metric GEG PFX Asset Management median
Revenue growth (TTM) 70.24% 5.10% 7.42%
EPS growth (last fiscal year) (407.89%) (77.44%) (6.67%)
Revenue growth, 5-year CAGR (14.52%) 3.26% 12.51%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GEG PFX Asset Management median
Debt to equity 1.55 0.93 0.44
Current ratio 12.89 1.34 1.30
Net debt to EBITDA 2.68 8.95 1.02

Dividend

Metric GEG PFX Asset Management median
Dividend yield — 0.00% 6.60%
Payout ratio — 0.00 0.94

Size

Metric GEG PFX Asset Management median
Market cap 67.10m 85.46m 694.86m

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