Neostellar Capital Corp. (NSLR) vs WhiteHorse Finance, Inc. (WHF)

Neostellar Capital Corp. and WhiteHorse Finance, Inc. are both Asset Management companies. Neostellar Capital Corp. is the larger, with a market value of $212.6M against $151.6M — 1.4× the size. Neostellar Capital Corp. trades at the lower P/E: 1.6× against 8.9×. WhiteHorse Finance, Inc. grew revenue faster over the last twelve months: −19.9% against −26.3%. Neostellar Capital Corp. has the higher net margin (6,054.8% vs 26.9%) and the lower return on invested capital (−5.63% vs 2.67%). Both pay a dividend; Neostellar Capital Corp. yields more (134.5% vs 11.8%). Across the 20 metrics below, Neostellar Capital Corp. leads on 12 and WhiteHorse Finance, Inc. on 8.

Valuation

Metric NSLR WHF Asset Management median
P/E 1.65 8.91 14.62
P/S 100.81 2.33 2.97
P/B 0.58 0.60 0.94
Price to free cash flow n/m 1.95 8.93
EV/EBITDA n/m 10.53 10.32
EV/Sales 124.80 6.88 5.72
Earnings yield 60.68% 11.22% 4.53%
Free cash flow yield (12.35%) 51.26% 4.65%

Profitability

Metric NSLR WHF Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin (1,537.90%) 67.65% 33.03%
Net margin 6,054.76% 26.88% 13.53%
Free cash flow margin (1,245.16%) 119.28% 12.44%
Return on equity 43.19% 6.65% 4.83%
Return on assets 34.74% 2.75% 1.57%
Return on invested capital (5.63%) 2.67% 3.04%

Growth

Metric NSLR WHF Asset Management median
Revenue growth (TTM) (26.32%) (19.92%) 6.97%
EPS growth (last fiscal year) 211.25% 31.91% —
Revenue growth, 5-year CAGR (1.56%) 3.33% 12.13%
Net income growth, 5-year CAGR (8.32%) (14.67%) 0.00%

Health

Metric NSLR WHF Asset Management median
Debt to equity 0.17 1.29 0.42
Current ratio 6.76 1.39 1.28
Net debt to EBITDA (0.48) 6.19 1.06

Dividend

Metric NSLR WHF Asset Management median
Dividend yield 134.47% 11.79% 6.92%
Payout ratio 0.00 2.35 0.77

Size

Metric NSLR WHF Asset Management median
Market cap 212.58m 151.62m 721.34m

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