ESGL Holdings Limited (OIO) vs PennantPark Floating Rate Capital Ltd. (PFLT)

ESGL Holdings Limited and PennantPark Floating Rate Capital Ltd. are both Asset Management companies. PennantPark Floating Rate Capital Ltd. is the larger, with a market value of $698.5M against $584.3M — 1.2× the size. ESGL Holdings Limited has negative trailing earnings, so its P/E is not meaningful; PennantPark Floating Rate Capital Ltd. trades at 13.7×. PennantPark Floating Rate Capital Ltd. has the higher net margin (18.5% vs 0.00%) and the higher return on invested capital (3.51% vs 0.00%). Across the 13 metrics below, PennantPark Floating Rate Capital Ltd. leads on 9 and ESGL Holdings Limited on 4.

Valuation

Metric OIO PFLT Asset Management median
P/E n/m 13.71 14.62
P/S n/m 2.56 2.97
P/B 0.09 0.68 0.94
Price to free cash flow n/m n/m 8.93
EV/EBITDA n/m 5.62 10.32
EV/Sales n/m 5.72 5.72
Earnings yield (96.38%) 7.30% 4.53%
Free cash flow yield (214.02%) (8.42%) 4.65%

Profitability

Metric OIO PFLT Asset Management median
Gross margin — 100.00% 100.00%
Operating margin 0.00% 76.57% 33.03%
Net margin 0.00% 18.53% 13.53%
Free cash flow margin 0.00% (21.54%) 12.44%
Return on equity 0.00% 4.77% 4.83%
Return on assets 0.00% 1.95% 1.57%
Return on invested capital 0.00% 3.51% 3.04%

Growth

Metric OIO PFLT Asset Management median
Revenue growth (TTM) — 9.33% 6.97%
EPS growth (last fiscal year) (466.67%) (48.57%) —
Revenue growth, 5-year CAGR — 22.32% 12.13%
Net income growth, 5-year CAGR — 29.23% 0.00%

Health

Metric OIO PFLT Asset Management median
Debt to equity 0.29 0.94 0.42
Current ratio 0.18 0.19 1.28
Net debt to EBITDA (2.17) 3.46 1.06

Dividend

Metric OIO PFLT Asset Management median
Dividend yield — 10.75% 6.92%
Payout ratio — 14.25 0.77

Size

Metric OIO PFLT Asset Management median
Market cap 584.33m 698.50m 721.34m

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