WallStSmart

Investcorp Credit Management BDC Inc (ICMB)vsKKR & Co LP (KKR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

KKR & Co LP generates 125505% more annual revenue ($25.65B vs $20.42M). ICMB leads profitability with a 65.6% profit margin vs 9.2%. ICMB trades at a lower P/E of 9.1x. KKR earns a higher WallStSmart Score of 65/100 (C+).

ICMB

Hold

48

out of 100

Grade: D+

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

KKR

Buy

65

out of 100

Grade: C+

Growth: 7.3Profit: 6.5Value: 7.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ICMBSignificantly Overvalued (-51.5%)

Margin of Safety

-51.5%

Fair Value

$2.04

Current Price

$1.88

$0.16 premium

UndervaluedFair: $2.04Overvalued
KKRSignificantly Overvalued (-560.3%)

Margin of Safety

-560.3%

Fair Value

$15.91

Current Price

$88.91

$73.00 premium

UndervaluedFair: $15.91Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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%

KKR6 strengths · Avg: 9.2/10
PEG RatioValuation
0.3910/10

Growing faster than its price suggests

Operating MarginProfitability
33.0%10/10

Strong operational efficiency at 33.0%

Revenue GrowthGrowth
76.3%10/10

Revenue surging 76.3% year-over-year

Market CapQuality
$84.19B9/10

Large-cap with strong market position

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$2.27B8/10

Generating 2.3B in free cash flow

Areas to Watch

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%

KKR2 concerns · Avg: 3.0/10
P/E RatioValuation
38.9x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-2.2%2/10

Earnings declined 2.2%

Comparative Analysis Report

WallStSmart Research

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%.

Bull Case : KKR

The strongest argument for KKR centers on PEG Ratio, Operating Margin, Revenue Growth. Revenue growth of 76.3% demonstrates continued momentum. PEG of 0.39 suggests the stock is reasonably priced for its growth.

Bear Case : ICMB

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

Bear Case : KKR

The primary concerns for KKR are P/E Ratio, EPS Growth.

Key Dynamics to Monitor

ICMB profiles as a declining stock while KKR is a hypergrowth play — different risk/reward profiles.

KKR carries more volatility with a beta of 2.01 — expect wider price swings.

KKR is growing revenue faster at 76.3% — sustainability is the question.

KKR generates stronger free cash flow (2.3B), providing more financial flexibility.

Bottom Line

KKR scores higher overall (65/100 vs 48/100) and 76.3% revenue growth. Both earn "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.

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.

KKR & Co LP

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

KKR & Co. LP is a leading global investment firm established in 1976, recognized for its expertise in managing a diversified portfolio across private equity, credit, and real assets. With a strong emphasis on innovative investment strategies and operational excellence, KKR adeptly identifies and leverages complex market opportunities to generate sustainable long-term value. The firm's profound industry knowledge and extensive global network contribute significantly to the growth of its portfolio companies. Additionally, KKR is committed to sustainable investing, actively integrating environmental, social, and governance (ESG) considerations into its strategies, thereby reinforcing its dedication to delivering robust performance for its investors while promoting responsible growth in the financial markets.

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