PennantPark Investment Corporation (PNNT) vs Westwood Holdings Group Inc (WHG)

PennantPark Investment Corporation and Westwood Holdings Group Inc are both Asset Management companies. PennantPark Investment Corporation is the larger, with a market value of $218.7M against $180.4M — 1.2× the size. Westwood Holdings Group Inc trades at the lower P/E: 20.5× against 21.4×. Westwood Holdings Group Inc grew revenue faster over the last twelve months: 6.30% against −19.9%. PennantPark Investment Corporation has the higher net margin (9.66% vs 7.73%) and the lower return on invested capital (2.65% vs 3.48%). Both pay a dividend; PennantPark Investment Corporation yields more (12.9% vs 5.07%). Across the 22 metrics below, Westwood Holdings Group Inc leads on 14 and PennantPark Investment Corporation on 8.

Valuation

Metric PNNT WHG Asset Management median
P/E 21.39 20.46 14.62
P/S 2.07 1.62 2.97
P/B 0.51 1.29 0.94
Price to free cash flow 1.92 10.16 8.93
EV/EBITDA 9.79 14.45 10.32
EV/Sales 7.18 1.20 5.72
Earnings yield 4.67% 4.89% 4.53%
Free cash flow yield 52.22% 9.84% 4.65%

Profitability

Metric PNNT WHG Asset Management median
Gross margin 80.01% 100.00% 100.00%
Operating margin 74.72% 4.66% 33.03%
Net margin 9.66% 7.73% 13.53%
Free cash flow margin 107.91% 16.36% 12.44%
Return on equity 2.23% 6.29% 4.83%
Return on assets 0.81% 5.21% 1.57%
Return on invested capital 2.65% 3.48% 3.04%

Growth

Metric PNNT WHG Asset Management median
Revenue growth (TTM) (19.87%) 6.30% 6.97%
EPS growth (last fiscal year) (33.33%) 203.85% —
Revenue growth, 5-year CAGR 4.07% 8.47% 12.13%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PNNT WHG Asset Management median
Debt to equity 1.28 0.00 0.42
Current ratio 0.18 3.76 1.28
Net debt to EBITDA 7.74 (5.06) 1.06

Dividend

Metric PNNT WHG Asset Management median
Dividend yield 12.94% 5.07% 6.92%
Payout ratio 0.99 3.75 0.77

Size

Metric PNNT WHG Asset Management median
Market cap 218.74m 180.39m 721.34m

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