Kayne Anderson BDC, Inc. (KBDC) vs Vinci Compass Investments Ltd. (VINP)

Kayne Anderson BDC, Inc. and Vinci Compass Investments Ltd. are both Asset Management companies. Kayne Anderson BDC, Inc. is the larger, with a market value of $834.1M against $717.4M — 1.2× the size. Kayne Anderson BDC, Inc. trades at the lower P/E: 11.4× against 15.2×. Vinci Compass Investments Ltd. grew revenue faster over the last twelve months: 36.2% against 4.24%. Kayne Anderson BDC, Inc. has the higher net margin (31.5% vs 23.2%) and the lower return on invested capital (5.43% vs 8.68%). Both pay a dividend; Kayne Anderson BDC, Inc. yields more (12.9% vs 6.04%). Across the 19 metrics below, Vinci Compass Investments Ltd. leads on 12 and Kayne Anderson BDC, Inc. on 7.

Valuation

Metric KBDC VINP Asset Management median
P/E 11.40 15.18 13.99
P/S 3.49 3.58 2.76
P/B 0.78 1.68 0.85
Price to free cash flow n/m 17.94 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.77% 6.59% 4.72%
Free cash flow yield (0.43%) 5.58% 4.44%

Profitability

Metric KBDC VINP Asset Management median
Gross margin 84.96% 100.00% 100.00%
Operating margin 83.39% 28.14% 33.42%
Net margin 31.54% 23.21% 13.37%
Free cash flow margin (1.50%) 19.95% 12.36%
Return on equity 6.72% 12.24% 4.79%
Return on assets 3.24% 6.57% 1.55%
Return on invested capital 5.43% 8.68% 2.97%

Growth

Metric KBDC VINP Asset Management median
Revenue growth (TTM) 4.24% 36.21% 7.42%
EPS growth (last fiscal year) (35.75%) 46.15% (6.67%)
Revenue growth, 5-year CAGR — 21.56% 12.51%
Net income growth, 5-year CAGR 0.00% 3.37% 0.00%

Health

Metric KBDC VINP Asset Management median
Debt to equity 1.16 0.45 0.44
Current ratio 1.25 3.58 1.30
Net debt to EBITDA 5.54 (2.33) 1.02

Dividend

Metric KBDC VINP Asset Management median
Dividend yield 12.87% 6.04% 6.60%
Payout ratio 1.47 0.94 0.94

Size

Metric KBDC VINP Asset Management median
Market cap 834.06m 717.41m 694.86m

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