Nuveen Churchill Direct Lending Corp. (NCDL) vs Vinci Compass Investments Ltd. (VINP)

Nuveen Churchill Direct Lending Corp. and Vinci Compass Investments Ltd. are both Asset Management companies. Nuveen Churchill Direct Lending Corp. and Vinci Compass Investments Ltd. are of similar size ($608.0M and $578.3M). Nuveen Churchill Direct Lending Corp. trades at the lower P/E: 12.3× against 13.0×. Vinci Compass Investments Ltd. grew revenue faster over the last twelve months: 36.2% against −14.4%. Nuveen Churchill Direct Lending Corp. has the higher net margin (24.4% vs 23.2%) and the higher return on invested capital (12.1% vs 8.68%). Across the 21 metrics below, Nuveen Churchill Direct Lending Corp. leads on 13 and Vinci Compass Investments Ltd. on 8.

Valuation

Metric NCDL VINP Asset Management median
P/E 12.32 12.99 14.62
P/S 3.01 3.06 2.97
P/B 0.68 1.44 0.94
Price to free cash flow 5.11 15.34 8.93
EV/EBITDA 9.13 8.65 10.32
EV/Sales 8.59 2.96 5.72
Earnings yield 8.12% 7.70% 4.53%
Free cash flow yield 19.57% 6.52% 4.65%

Profitability

Metric NCDL VINP Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 80.82% 28.14% 33.03%
Net margin 24.44% 23.21% 13.53%
Free cash flow margin 58.99% 19.95% 12.44%
Return on equity 5.40% 12.24% 4.83%
Return on assets 2.31% 6.57% 1.57%
Return on invested capital 12.06% 8.68% 3.04%

Growth

Metric NCDL VINP Asset Management median
Revenue growth (TTM) (14.44%) 36.21% 6.97%
EPS growth (last fiscal year) (39.53%) 46.15% —
Revenue growth, 5-year CAGR 73.29% 21.56% 12.13%
Net income growth, 5-year CAGR 98.20% 3.37% 0.00%

Health

Metric NCDL VINP Asset Management median
Debt to equity 0.00 0.45 0.42
Current ratio 0.06 3.58 1.28
Net debt to EBITDA 5.46 (2.33) 1.06

Dividend

Metric NCDL VINP Asset Management median
Dividend yield — 7.43% 6.92%
Payout ratio — 0.82 0.77

Size

Metric NCDL VINP Asset Management median
Market cap 578.32m 607.99m 721.34m

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