New Mountain Finance Corporation (NMFC) vs Vinci Compass Investments Ltd. (VINP)

New Mountain Finance Corporation and Vinci Compass Investments Ltd. are both Asset Management companies. Vinci Compass Investments Ltd. is the larger, with a market value of $717.4M against $651.3M — 1.1× the size. New Mountain Finance Corporation has negative trailing earnings, so its P/E is not meaningful; Vinci Compass Investments Ltd. trades at 15.2×. Vinci Compass Investments Ltd. grew revenue faster over the last twelve months: 36.2% against −60.6%. Vinci Compass Investments Ltd. has the higher net margin (23.2% vs −41.1%) and the higher return on invested capital (8.68% vs −1.29%). Both pay a dividend; New Mountain Finance Corporation yields more (16.9% vs 6.04%). Across the 19 metrics below, Vinci Compass Investments Ltd. leads on 13 and New Mountain Finance Corporation on 6.

Valuation

Metric NMFC VINP Asset Management median
P/E n/m 15.18 13.99
P/S 5.40 3.58 2.76
P/B 0.61 1.68 0.85
Price to free cash flow 0.96 17.94 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (6.98%) 6.59% 4.72%
Free cash flow yield 103.81% 5.58% 4.44%

Profitability

Metric NMFC VINP Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 0.00% 28.14% 33.42%
Net margin (41.05%) 23.21% 13.37%
Free cash flow margin 560.64% 19.95% 12.36%
Return on equity (4.12%) 12.24% 4.79%
Return on assets (1.74%) 6.57% 1.55%
Return on invested capital (1.29%) 8.68% 2.97%

Growth

Metric NMFC VINP Asset Management median
Revenue growth (TTM) (60.64%) 36.21% 7.42%
EPS growth (last fiscal year) (84.47%) 46.15% (6.67%)
Revenue growth, 5-year CAGR (1.03%) 21.56% 12.51%
Net income growth, 5-year CAGR (22.37%) 3.37% 0.00%

Health

Metric NMFC VINP Asset Management median
Debt to equity 1.30 0.45 0.44
Current ratio 13.33 3.58 1.30
Net debt to EBITDA 0.00 (2.33) 1.02

Dividend

Metric NMFC VINP Asset Management median
Dividend yield 16.94% 6.04% 6.60%
Payout ratio — 0.94 0.94

Size

Metric NMFC VINP Asset Management median
Market cap 651.25m 717.41m 694.86m

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