Ionic Digital Inc. (IOND) vs Lincoln International Inc. (LCLN)

Ionic Digital Inc. and Lincoln International Inc. are both Capital Markets companies. Lincoln International Inc. is the larger, with a market value of $2.7B against $2.5B — 1.1× the size. Across the 5 metrics below, Lincoln International Inc. leads on 3 and Ionic Digital Inc. on 2.

Valuation

Metric IOND LCLN Capital Markets median
P/E n/m — 14.35
P/S 11.53 n/m 2.07
P/B 4.03 2.25 1.36
Price to free cash flow n/m n/m 9.28
EV/EBITDA 102.91 n/m —
EV/Sales 10.83 n/m —
Earnings yield (2.15%) — (8.28%)
Free cash flow yield (5.18%) 0.00% (1.12%)

Profitability

Metric IOND LCLN Capital Markets median
Gross margin 68.15% — 68.15%
Operating margin (14.07%) — 0.00%
Net margin (24.90%) — (0.34%)
Free cash flow margin (59.70%) — 0.00%
Return on equity 0.00% — 0.00%
Return on assets 0.00% — 0.00%
Return on invested capital (3.52%) 0.00% 0.00%

Growth

Metric IOND LCLN Capital Markets median
Revenue growth (TTM) — — 19.72%
EPS growth (last fiscal year) — — 16.79%
Revenue growth, 5-year CAGR — — 17.41%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric IOND LCLN Capital Markets median
Debt to equity 0.00 0.76 0.07
Current ratio 24.39 1.76 1.51
Net debt to EBITDA 0.00 — (0.03)

Dividend

Metric IOND LCLN Capital Markets median
Dividend yield — — 1.58%
Payout ratio — — 0.19

Size

Metric IOND LCLN Capital Markets median
Market cap 2.46b 2.74b 527.01m

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