PhenixFIN Corporation (PFX) vs Silvercrest Asset Management Group Inc. (SAMG)

PhenixFIN Corporation and Silvercrest Asset Management Group Inc. are both Asset Management companies. Silvercrest Asset Management Group Inc. is the larger, with a market value of $119.9M against $88.8M — 1.3× the size. PhenixFIN Corporation trades at the lower P/E: 18.9× against 93.4×. PhenixFIN Corporation grew revenue faster over the last twelve months: 5.10% against 0.80%. PhenixFIN Corporation has the higher net margin (18.6% vs 0.72%) and the higher return on invested capital (3.29% vs 2.50%). Across the 20 metrics below, PhenixFIN Corporation leads on 12 and Silvercrest Asset Management Group Inc. on 8.

Valuation

Metric PFX SAMG Asset Management median
P/E 18.92 93.36 14.62
P/S 3.50 0.63 2.97
P/B 0.56 1.01 0.94
Price to free cash flow n/m 8.93 8.93
EV/EBITDA 15.10 13.02 10.32
EV/Sales 9.24 0.54 5.72
Earnings yield 5.29% 1.07% 4.53%
Free cash flow yield (3.40%) 11.20% 4.65%

Profitability

Metric PFX SAMG Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 63.13% 2.13% 33.03%
Net margin 18.55% 0.72% 13.53%
Free cash flow margin (11.89%) 7.05% 12.44%
Return on equity 2.97% 1.02% 4.83%
Return on assets 1.52% 0.62% 1.57%
Return on invested capital 3.29% 2.50% 3.04%

Growth

Metric PFX SAMG Asset Management median
Revenue growth (TTM) 5.10% 0.80% 6.97%
EPS growth (last fiscal year) (77.44%) (44.00%) —
Revenue growth, 5-year CAGR 3.26% 3.02% 12.13%
Net income growth, 5-year CAGR 0.00% (13.28%) 0.00%

Health

Metric PFX SAMG Asset Management median
Debt to equity 0.93 0.12 0.42
Current ratio 1.34 0.79 1.28
Net debt to EBITDA 8.95 (3.41) 1.06

Dividend

Metric PFX SAMG Asset Management median
Dividend yield — 4.59% 6.92%
Payout ratio 0.00 0.59 0.77

Size

Metric PFX SAMG Asset Management median
Market cap 88.82m 119.90m 721.34m

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