Saratoga Investment Corp (SAR) vs Westwood Holdings Group Inc (WHG)

Saratoga Investment Corp and Westwood Holdings Group Inc are both Asset Management companies. Saratoga Investment Corp is the larger, with a market value of $236.8M against $181.4M — 1.3× the size. Saratoga Investment Corp has negative trailing earnings, so its P/E is not meaningful; Westwood Holdings Group Inc trades at 20.0×. Westwood Holdings Group Inc grew revenue faster over the last twelve months: 6.30% against −4.15%. Westwood Holdings Group Inc has the higher net margin (7.73% vs −3.35%) and the lower return on invested capital (3.48% vs 6.21%). Both pay a dividend; Saratoga Investment Corp yields more (22.9% vs 3.22%). Across the 18 metrics below, Westwood Holdings Group Inc leads on 12 and Saratoga Investment Corp on 6.

Valuation

Metric SAR WHG Asset Management median
P/E n/m 20.02 13.99
P/S 1.98 1.58 2.76
P/B 0.70 1.26 0.85
Price to free cash flow n/m 9.94 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (1.65%) 4.99% 4.72%
Free cash flow yield (62.53%) 10.06% 4.44%

Profitability

Metric SAR WHG Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 67.89% 4.66% 33.42%
Net margin (3.35%) 7.73% 13.37%
Free cash flow margin (124.08%) 16.36% 12.36%
Return on equity (1.09%) 6.29% 4.79%
Return on assets (0.34%) 5.21% 1.55%
Return on invested capital 6.21% 3.48% 2.97%

Growth

Metric SAR WHG Asset Management median
Revenue growth (TTM) (4.15%) 6.30% 7.42%
EPS growth (last fiscal year) 14.36% 203.85% (6.67%)
Revenue growth, 5-year CAGR 16.87% 8.47% 12.51%
Net income growth, 5-year CAGR 19.89% 0.00% 0.00%

Health

Metric SAR WHG Asset Management median
Debt to equity 0.20 0.00 0.44
Current ratio 0.13 3.76 1.30
Net debt to EBITDA 0.50 (5.06) 1.02

Dividend

Metric SAR WHG Asset Management median
Dividend yield 22.85% 3.22% 6.60%
Payout ratio 3.50 0.68 0.94

Size

Metric SAR WHG Asset Management median
Market cap 236.82m 181.44m 694.86m

Compare with another peer

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