Mount Logan Capital Inc. (MLCI) vs Rand Capital Corporation (RAND)

Mount Logan Capital Inc. and Rand Capital Corporation are both Asset Management companies. Mount Logan Capital Inc. is the larger, with a market value of $37.7M against $29.1M — 1.3× the size. Rand Capital Corporation has the higher net margin (−2.66% vs −155.4%) and the higher return on invested capital (0.00% vs 0.00%). Across the 14 metrics below, Rand Capital Corporation leads on 12 and Mount Logan Capital Inc. on 2.

Valuation

Metric MLCI RAND Asset Management median
P/E n/m n/m 14.62
P/S 0.96 5.40 2.97
P/B 0.64 0.58 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA 39.25 n/m 10.32
EV/Sales (25.78) (4.02) 5.72
Earnings yield (191.12%) (0.40%) 4.53%
Free cash flow yield (119.60%) (13.45%) 4.65%

Profitability

Metric MLCI RAND Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin (139.61%) 56.38% 33.03%
Net margin (155.36%) (2.66%) 13.53%
Free cash flow margin (114.52%) (72.42%) 12.44%
Return on equity (76.87%) (0.27%) 4.83%
Return on assets (8.18%) (0.25%) 1.57%
Return on invested capital 0.00% 0.00% 3.04%

Growth

Metric MLCI RAND Asset Management median
Revenue growth (TTM) — (30.97%) 6.97%
EPS growth (last fiscal year) (316.67%) (179.82%) —
Revenue growth, 5-year CAGR — 15.85% 12.13%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MLCI RAND Asset Management median
Debt to equity 1.81 0.10 0.42
Current ratio 0.82 90.74 1.28
Net debt to EBITDA 45.83 (9.71) 1.06

Dividend

Metric MLCI RAND Asset Management median
Dividend yield — 6.92% 6.92%
Payout ratio — 0.33 0.77

Size

Metric MLCI RAND Asset Management median
Market cap 37.71m 29.13m 721.34m

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