Oaktree Specialty Lending Corp. (OCSL) vs Patria Investments Limited (PAX)

Oaktree Specialty Lending Corp. and Patria Investments Limited are both Asset Management companies. Patria Investments Limited is the larger, with a market value of $1.6B against $1.1B — 1.4× the size. Patria Investments Limited trades at the lower P/E: 21.9× against 26.1×. Patria Investments Limited grew revenue faster over the last twelve months: 9.84% against −12.6%. Oaktree Specialty Lending Corp. has the higher net margin (14.5% vs 13.4%) and the lower return on invested capital (6.43% vs 8.59%). Both pay a dividend; Oaktree Specialty Lending Corp. yields more (11.2% vs 6.48%). Across the 21 metrics below, Patria Investments Limited leads on 15 and Oaktree Specialty Lending Corp. on 6.

Valuation

Metric OCSL PAX Asset Management median
P/E 26.10 21.91 13.38
P/S 3.78 3.49 2.99
P/B 0.80 2.48 0.91
Price to free cash flow 10.40 10.15 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.83% 4.56% 4.67%
Free cash flow yield 9.62% 9.85% 4.85%

Profitability

Metric OCSL PAX Asset Management median
Gross margin 82.16% 40.17% 100.00%
Operating margin 80.26% 26.73% 27.27%
Net margin 14.45% 13.35% 11.89%
Free cash flow margin 36.32% 0.00% 5.96%
Return on equity 2.95% 9.67% 4.57%
Return on assets 1.45% 3.77% 1.40%
Return on invested capital 6.43% 8.59% 2.12%

Growth

Metric OCSL PAX Asset Management median
Revenue growth (TTM) (12.55%) 9.84% 7.26%
EPS growth (last fiscal year) (45.83%) 12.50% (5.64%)
Revenue growth, 5-year CAGR 17.22% 27.12% 11.84%
Net income growth, 5-year CAGR (2.86%) 7.80% 0.00%

Health

Metric OCSL PAX Asset Management median
Debt to equity 0.68 0.56 0.40
Current ratio 0.19 0.95 1.23
Net debt to EBITDA 3.34 (0.30) 1.06

Dividend

Metric OCSL PAX Asset Management median
Dividend yield 11.17% 6.48% 6.43%
Payout ratio 2.92 1.42 0.91

Size

Metric OCSL PAX Asset Management median
Market cap 1.10b 1.57b 692.54m

Compare with another peer

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