Hamilton Lane Inc. (HLNE) vs Blue Owl Technology Finance Corp. (OTF)

Hamilton Lane Inc. and Blue Owl Technology Finance Corp. are both Asset Management companies. Hamilton Lane Inc. and Blue Owl Technology Finance Corp. are of similar size ($4.7B and $4.7B). Blue Owl Technology Finance Corp. trades at the lower P/E: 12.9× against 13.0×. Blue Owl Technology Finance Corp. grew revenue faster over the last twelve months: 55.6% against 24.0%. Hamilton Lane Inc. has the higher net margin (32.1% vs 28.7%) and the higher return on invested capital (14.5% vs 2.94%). Across the 20 metrics below, Hamilton Lane Inc. leads on 11 and Blue Owl Technology Finance Corp. on 9.

Valuation

Metric HLNE OTF Asset Management median
P/E 13.00 12.89 14.62
P/S 4.17 3.64 2.97
P/B 2.11 0.63 0.94
Price to free cash flow 20.32 n/m 8.93
EV/EBITDA 9.11 11.08 10.32
EV/Sales 4.08 8.95 5.72
Earnings yield 7.69% 7.76% 4.53%
Free cash flow yield 4.92% (32.87%) 4.65%

Profitability

Metric HLNE OTF Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 43.62% 82.41% 33.03%
Net margin 32.14% 28.70% 13.53%
Free cash flow margin 42.74% (119.50%) 12.44%
Return on equity 20.53% 4.83% 4.83%
Return on assets 12.71% 2.67% 1.57%
Return on invested capital 14.48% 2.94% 3.04%

Growth

Metric HLNE OTF Asset Management median
Revenue growth (TTM) 24.01% 55.63% 6.97%
EPS growth (last fiscal year) 9.43% 15.79% —
Revenue growth, 5-year CAGR 17.31% 45.91% 12.13%
Net income growth, 5-year CAGR 20.51% 42.61% 0.00%

Health

Metric HLNE OTF Asset Management median
Debt to equity 0.16 0.95 0.42
Current ratio 3.49 0.05 1.28
Net debt to EBITDA (0.28) 6.31 1.06

Dividend

Metric HLNE OTF Asset Management median
Dividend yield 1.55% — 6.92%
Payout ratio 0.57 — 0.77

Size

Metric HLNE OTF Asset Management median
Market cap 4.70b 4.70b 721.34m

Compare with another peer

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