Oaktree Specialty Lending Corp. (OCSL) vs Ridgepost Capital, Inc. (RPC)

Oaktree Specialty Lending Corp. and Ridgepost Capital, Inc. are both Asset Management companies. Oaktree Specialty Lending Corp. is the larger, with a market value of $1.1B against $815.8M — 1.3× the size. Oaktree Specialty Lending Corp. trades at the lower P/E: 25.2× against 29.0×. Ridgepost Capital, Inc. grew revenue faster over the last twelve months: 4.43% against −12.6%. Oaktree Specialty Lending Corp. has the higher net margin (14.5% vs 8.75%) and the higher return on invested capital (6.43% vs 4.76%). Both pay a dividend; Oaktree Specialty Lending Corp. yields more (11.2% vs 1.40%). Across the 23 metrics below, Oaktree Specialty Lending Corp. leads on 14 and Ridgepost Capital, Inc. on 9.

Valuation

Metric OCSL RPC Asset Management median
P/E 25.21 29.00 14.62
P/S 3.65 2.64 2.97
P/B 0.77 1.60 0.94
Price to free cash flow 10.04 15.57 8.93
EV/EBITDA 8.22 12.53 10.32
EV/Sales 6.72 4.09 5.72
Earnings yield 3.97% 3.45% 4.53%
Free cash flow yield 9.96% 6.42% 4.65%

Profitability

Metric OCSL RPC Asset Management median
Gross margin 82.16% 100.00% 100.00%
Operating margin 80.26% 23.63% 33.03%
Net margin 14.45% 8.75% 13.53%
Free cash flow margin 36.32% 16.98% 12.44%
Return on equity 2.95% 6.04% 4.83%
Return on assets 1.45% 2.63% 1.57%
Return on invested capital 6.43% 4.76% 3.04%

Growth

Metric OCSL RPC Asset Management median
Revenue growth (TTM) (12.55%) 4.43% 6.97%
EPS growth (last fiscal year) (45.83%) 6.25% —
Revenue growth, 5-year CAGR 17.22% 34.57% 12.13%
Net income growth, 5-year CAGR (2.86%) (3.32%) 0.00%

Health

Metric OCSL RPC Asset Management median
Debt to equity 0.68 0.95 0.42
Current ratio 0.19 2.71 1.28
Net debt to EBITDA 3.34 3.68 1.06

Dividend

Metric OCSL RPC Asset Management median
Dividend yield 11.15% 1.40% 6.92%
Payout ratio 1.75 1.23 0.77

Size

Metric OCSL RPC Asset Management median
Market cap 1.06b 815.78m 721.34m

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