MidCap Financial Investment Corporation (MFIC) vs Virtus Investment Partners, Inc. (VRTS)

MidCap Financial Investment Corporation and Virtus Investment Partners, Inc. are both Asset Management companies. Virtus Investment Partners, Inc. is the larger, with a market value of $859.8M against $731.1M — 1.2× the size. MidCap Financial Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Virtus Investment Partners, Inc. trades at 7.3×. Virtus Investment Partners, Inc. grew revenue faster over the last twelve months: −7.16% against −7.17%. Virtus Investment Partners, Inc. has the higher net margin (14.5% vs −9.85%) and the lower return on invested capital (0.00% vs 5.78%). Both pay a dividend; MidCap Financial Investment Corporation yields more (11.1% vs 3.41%). Across the 19 metrics below, Virtus Investment Partners, Inc. leads on 12 and MidCap Financial Investment Corporation on 7.

Valuation

Metric MFIC VRTS Asset Management median
P/E n/m 7.32 14.62
P/S 2.44 1.06 2.97
P/B 0.67 0.92 0.94
Price to free cash flow 1.38 n/m 8.93
EV/EBITDA 6.54 n/m 10.32
EV/Sales 8.07 (1.78) 5.72
Earnings yield (4.05%) 13.66% 4.53%
Free cash flow yield 72.49% (5.96%) 4.65%

Profitability

Metric MFIC VRTS Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 86.02% 15.71% 33.03%
Net margin (9.85%) 14.52% 13.53%
Free cash flow margin 176.54% (6.29%) 12.44%
Return on equity (2.39%) 12.99% 4.83%
Return on assets (0.94%) 2.91% 1.57%
Return on invested capital 5.78% 0.00% 3.04%

Growth

Metric MFIC VRTS Asset Management median
Revenue growth (TTM) (7.17%) (7.16%) 6.97%
EPS growth (last fiscal year) (46.46%) 18.24% —
Revenue growth, 5-year CAGR 8.16% 7.15% 12.13%
Net income growth, 5-year CAGR (10.80%) 11.60% 0.00%

Health

Metric MFIC VRTS Asset Management median
Debt to equity 1.58 0.44 0.42
Current ratio 3.78 10.54 1.28
Net debt to EBITDA 6.41 (12.38) 1.06

Dividend

Metric MFIC VRTS Asset Management median
Dividend yield 11.11% 3.41% 6.92%
Payout ratio 0.97 0.35 0.77

Size

Metric MFIC VRTS Asset Management median
Market cap 731.06m 859.76m 721.34m

Compare with another peer

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