WallStSmart

Blackstone Group Inc (BX)vsInvestcorp Credit Management BDC Inc (ICMB)

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Smart Verdict

WallStSmart Research — data-driven comparison

Blackstone Group Inc generates 69495% more annual revenue ($14.21B vs $20.42M). ICMB leads profitability with a 65.6% profit margin vs 21.2%. ICMB trades at a lower P/E of 9.1x. BX earns a higher WallStSmart Score of 77/100 (B+).

BX

Strong Buy

77

out of 100

Grade: B+

Growth: 10.0Profit: 9.0Value: 10.0Quality: 5.3
Piotroski: 2/9

ICMB

Hold

48

out of 100

Grade: D+

Growth: 4.7Profit: 7.0Value: 5.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BXUndervalued (+35.7%)

Margin of Safety

+35.7%

Fair Value

$181.12

Current Price

$108.38

$72.74 discount

UndervaluedFair: $181.12Overvalued
ICMBSignificantly Overvalued (-51.5%)

Margin of Safety

-51.5%

Fair Value

$2.04

Current Price

$1.88

$0.16 premium

UndervaluedFair: $2.04Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BX6 strengths · Avg: 9.2/10
Operating MarginProfitability
52.8%10/10

Strong operational efficiency at 52.8%

Revenue GrowthGrowth
50.6%10/10

Revenue surging 50.6% year-over-year

Market CapQuality
$131.98B9/10

Large-cap with strong market position

Return on EquityProfitability
29.2%9/10

Every $100 of equity generates 29 in profit

Profit MarginProfitability
21.2%9/10

Keeps 21 of every $100 in revenue as profit

EPS GrowthGrowth
42.5%8/10

Earnings expanding 42.5% YoY

ICMB4 strengths · Avg: 10.0/10
P/E RatioValuation
9.1x10/10

Attractively priced relative to earnings

Price/BookValuation
0.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
65.6%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
63.0%10/10

Strong operational efficiency at 63.0%

Areas to Watch

BX4 concerns · Avg: 3.5/10
P/E RatioValuation
27.9x4/10

Moderate valuation

Price/BookValuation
9.8x4/10

Trading at 9.8x book value

Debt/EquityHealth
1.633/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

ICMB4 concerns · Avg: 2.3/10
Market CapQuality
$39.51M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-5.5%2/10

ROE of -5.5% — below average capital efficiency

Revenue GrowthGrowth
-11.2%2/10

Revenue declined 11.2%

EPS GrowthGrowth
-8.6%2/10

Earnings declined 8.6%

Comparative Analysis Report

WallStSmart Research

Bull Case : BX

The strongest argument for BX centers on Operating Margin, Revenue Growth, Market Cap. Profitability is solid with margins at 21.2% and operating margin at 52.8%. Revenue growth of 50.6% demonstrates continued momentum.

Bull Case : ICMB

The strongest argument for ICMB centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 65.6% and operating margin at 63.0%.

Bear Case : BX

The primary concerns for BX are P/E Ratio, Price/Book, Debt/Equity. Debt-to-equity of 1.63 is elevated, increasing financial risk.

Bear Case : ICMB

The primary concerns for ICMB are Market Cap, Return on Equity, Revenue Growth.

Key Dynamics to Monitor

BX profiles as a growth stock while ICMB is a declining play — different risk/reward profiles.

BX carries more volatility with a beta of 1.79 — expect wider price swings.

BX is growing revenue faster at 50.6% — sustainability is the question.

ICMB generates stronger free cash flow (-6M), providing more financial flexibility.

Bottom Line

BX scores higher overall (77/100 vs 48/100), backed by strong 21.2% margins and 50.6% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Blackstone Group Inc

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

Blackstone Group Inc. is an alternative asset management company specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity strategies and multiple asset classes. The company is headquartered in New York, New York with additional offices across Asia, Europe and North America.

Investcorp Credit Management BDC Inc

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

Investcorp Credit Management BDC Inc (ICMB) is a distinguished business development company that specializes in providing debt and equity financing solutions to middle-market businesses, emphasizing the attainment of superior risk-adjusted returns. With a diversified investment portfolio across various sectors, ICMB is committed to enhancing shareholder value while maintaining a robust risk management framework. The company's experienced management team leverages deep market insights to identify and cultivate promising growth-oriented enterprises, positioning ICMB strategically within the dynamic private credit market. This makes ICMB an appealing investment opportunity for institutional investors seeking income generation coupled with portfolio diversification.

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