Chicago Atlantic BDC, Inc. (LIEN) vs Neostellar Capital Corp. (NSLR)

Chicago Atlantic BDC, Inc. and Neostellar Capital Corp. are both Asset Management companies. Chicago Atlantic BDC, Inc. is the larger, with a market value of $235.3M against $212.6M — 1.1× the size. Neostellar Capital Corp. trades at the lower P/E: 1.6× against 7.2×. Chicago Atlantic BDC, Inc. grew revenue faster over the last twelve months: 46.9% against −26.3%. Neostellar Capital Corp. has the higher net margin (6,054.8% vs 52.8%) and the lower return on invested capital (−5.63% vs 0.00%). Both pay a dividend; Neostellar Capital Corp. yields more (134.5% vs 5.83%). Across the 20 metrics below, Chicago Atlantic BDC, Inc. leads on 12 and Neostellar Capital Corp. on 8.

Valuation

Metric LIEN NSLR Asset Management median
P/E 7.22 1.65 14.62
P/S 3.82 100.81 2.97
P/B 0.76 0.58 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA n/m n/m 10.32
EV/Sales (1.78) 124.80 5.72
Earnings yield 13.84% 60.68% 4.53%
Free cash flow yield (1.32%) (12.35%) 4.65%

Profitability

Metric LIEN NSLR Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 63.70% (1,537.90%) 33.03%
Net margin 52.82% 6,054.76% 13.53%
Free cash flow margin (5.03%) (1,245.16%) 12.44%
Return on equity 10.48% 43.19% 4.83%
Return on assets 9.38% 34.74% 1.57%
Return on invested capital 0.00% (5.63%) 3.04%

Growth

Metric LIEN NSLR Asset Management median
Revenue growth (TTM) 46.89% (26.32%) 6.97%
EPS growth (last fiscal year) 56.99% 211.25% —
Revenue growth, 5-year CAGR 457.31% (1.56%) 12.13%
Net income growth, 5-year CAGR 0.00% (8.32%) 0.00%

Health

Metric LIEN NSLR Asset Management median
Debt to equity 0.00 0.17 0.42
Current ratio 8.29 6.76 1.28
Net debt to EBITDA (10.43) (0.48) 1.06

Dividend

Metric LIEN NSLR Asset Management median
Dividend yield 5.83% 134.47% 6.92%
Payout ratio 0.00 0.00 0.77

Size

Metric LIEN NSLR Asset Management median
Market cap 235.28m 212.58m 721.34m

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