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 $81.5M against $66.5M — 1.2× the size. Great Elm Group, Inc. has negative trailing earnings, so its P/E is not meaningful; PhenixFIN Corporation trades at 17.2×. PhenixFIN Corporation grew revenue faster over the last twelve months: 5.10% against −12.1%. PhenixFIN Corporation has the higher net margin (18.6% vs −160.2%) and the higher return on invested capital (3.29% vs −11.8%). Across the 17 metrics below, PhenixFIN Corporation leads on 12 and Great Elm Group, Inc. on 5.

Valuation

Metric GEG PFX Asset Management median
P/E n/m 17.17 13.38
P/S 3.15 3.18 2.99
P/B 1.74 0.51 0.91
Price to free cash flow 45.80 n/m 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (48.84%) 5.83% 4.67%
Free cash flow yield 2.18% (3.74%) 4.85%

Profitability

Metric GEG PFX Asset Management median
Gross margin 0.00% 100.00% 100.00%
Operating margin (67.76%) 63.13% 27.27%
Net margin (160.19%) 18.55% 11.89%
Free cash flow margin 6.15% (11.89%) 5.96%
Return on equity (54.36%) 2.97% 4.57%
Return on assets (24.57%) 1.52% 1.40%
Return on invested capital (11.77%) 3.29% 2.12%

Growth

Metric GEG PFX Asset Management median
Revenue growth (TTM) (12.05%) 5.10% 7.26%
EPS growth (last fiscal year) (407.89%) (77.44%) (5.64%)
Revenue growth, 5-year CAGR (14.52%) 3.26% 11.84%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GEG PFX Asset Management median
Debt to equity 1.00 0.93 0.40
Current ratio 2.89 1.34 1.23
Net debt to EBITDA 2.68 8.95 1.06

Dividend

Metric GEG PFX Asset Management median
Dividend yield — 0.00% 6.43%
Payout ratio — 0.00 0.91

Size

Metric GEG PFX Asset Management median
Market cap 66.52m 81.45m 692.54m

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