Sound Point Meridian Capital, Inc. (SPMC) vs WhiteHorse Finance, Inc. (WHF)

Sound Point Meridian Capital, Inc. and WhiteHorse Finance, Inc. are both Asset Management companies. Sound Point Meridian Capital, Inc. is the larger, with a market value of $179.0M against $151.6M — 1.2× the size. Sound Point Meridian Capital, Inc. has negative trailing earnings, so its P/E is not meaningful; WhiteHorse Finance, Inc. trades at 8.9×. Across the 2 metrics below, WhiteHorse Finance, Inc. leads on 2 and Sound Point Meridian Capital, Inc. on 0.

Valuation

Metric SPMC WHF Asset Management median
P/E n/m 8.91 14.62
P/S — 2.33 2.97
P/B — 0.60 0.94
Price to free cash flow — 1.95 8.93
EV/EBITDA — 10.53 10.32
EV/Sales — 6.88 5.72
Earnings yield (68.08%) 11.22% 4.53%
Free cash flow yield — 51.26% 4.65%

Profitability

Metric SPMC WHF Asset Management median
Gross margin — 100.00% 100.00%
Operating margin — 67.65% 33.03%
Net margin — 26.88% 13.53%
Free cash flow margin — 119.28% 12.44%
Return on equity — 6.65% 4.83%
Return on assets 0.00% 2.75% 1.57%
Return on invested capital — 2.67% 3.04%

Growth

Metric SPMC WHF Asset Management median
Revenue growth (TTM) — (19.92%) 6.97%
EPS growth (last fiscal year) — 31.91% —
Revenue growth, 5-year CAGR — 3.33% 12.13%
Net income growth, 5-year CAGR — (14.67%) 0.00%

Health

Metric SPMC WHF Asset Management median
Debt to equity — 1.29 0.42
Current ratio — 1.39 1.28
Net debt to EBITDA — 6.19 1.06

Dividend

Metric SPMC WHF Asset Management median
Dividend yield — 11.79% 6.92%
Payout ratio — 2.35 0.77

Size

Metric SPMC WHF Asset Management median
Market cap 179.01m 151.62m 721.34m

Compare with another peer

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