Hennessy Advisors, Inc. (HNNA) vs PhenixFIN Corporation (PFX)

Hennessy Advisors, Inc. and PhenixFIN Corporation are both Asset Management companies. Hennessy Advisors, Inc. and PhenixFIN Corporation are of similar size ($85.5M and $82.5M). Hennessy Advisors, Inc. trades at the lower P/E: 9.9× against 18.3×. PhenixFIN Corporation grew revenue faster over the last twelve months: 5.10% against −6.90%. Hennessy Advisors, Inc. has the higher net margin (24.8% vs 18.6%) and the higher return on invested capital (10.6% vs 3.29%). Only Hennessy Advisors, Inc. pays a dividend (5.73%). Across the 19 metrics below, Hennessy Advisors, Inc. leads on 15 and PhenixFIN Corporation on 4.

Valuation

Metric HNNA PFX Asset Management median
P/E 9.86 18.28 13.99
P/S 2.43 3.38 2.76
P/B 0.80 0.54 0.85
Price to free cash flow 7.96 n/m 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.15% 5.47% 4.72%
Free cash flow yield 12.56% (3.52%) 4.44%

Profitability

Metric HNNA PFX Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 33.42% 63.13% 33.42%
Net margin 24.78% 18.55% 13.37%
Free cash flow margin 30.53% (11.89%) 12.36%
Return on equity 8.36% 2.97% 4.79%
Return on assets 5.88% 1.52% 1.55%
Return on invested capital 10.59% 3.29% 2.97%

Growth

Metric HNNA PFX Asset Management median
Revenue growth (TTM) (6.90%) 5.10% 7.42%
EPS growth (last fiscal year) 38.04% (77.44%) (6.67%)
Revenue growth, 5-year CAGR 1.26% 3.26% 12.51%
Net income growth, 5-year CAGR 4.90% 0.00% 0.00%

Health

Metric HNNA PFX Asset Management median
Debt to equity 0.00 0.93 0.44
Current ratio 9.39 1.34 1.30
Net debt to EBITDA (2.37) 8.95 1.02

Dividend

Metric HNNA PFX Asset Management median
Dividend yield 5.73% 0.00% 6.60%
Payout ratio 0.56 0.00 0.94

Size

Metric HNNA PFX Asset Management median
Market cap 82.45m 85.46m 694.86m

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