Aeva Technologies, Inc. (AEVA) vs i3 Verticals, Inc. (IIIV)

Aeva Technologies, Inc. and i3 Verticals, Inc. are both Software Infrastructure companies. Aeva Technologies, Inc. is the larger, with a market value of $640.6M against $509.6M — 1.3× the size. Aeva Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; i3 Verticals, Inc. trades at 47.5×. Aeva Technologies, Inc. grew revenue faster over the last twelve months: 62.9% against 4.09%. i3 Verticals, Inc. has the higher net margin (3.90% vs −548.7%) and the higher return on invested capital (0.72% vs 0.00%). Across the 18 metrics below, i3 Verticals, Inc. leads on 14 and Aeva Technologies, Inc. on 4.

Valuation

Metric AEVA IIIV Software Infrastructure median
P/E n/m 47.50 24.52
P/S 30.92 1.69 2.78
P/B 17.65 0.92 2.84
Price to free cash flow n/m 8.80 18.22
EV/EBITDA n/m 14.17 13.98
EV/Sales 28.87 2.32 2.92
Earnings yield (19.62%) 2.11% 0.00%
Free cash flow yield (14.90%) 11.36% 0.37%

Profitability

Metric AEVA IIIV Software Infrastructure median
Gross margin 31.15% 100.00% 57.91%
Operating margin (558.59%) 2.72% 0.00%
Net margin (548.73%) 3.90% 0.00%
Free cash flow margin (460.53%) 19.22% 0.00%
Return on equity (354.28%) 1.87% 0.00%
Return on assets (91.68%) 1.36% 0.00%
Return on invested capital 0.00% 0.72% 0.00%

Growth

Metric AEVA IIIV Software Infrastructure median
Revenue growth (TTM) 62.91% 4.09% 14.42%
EPS growth (last fiscal year) 10.53% (84.78%) 17.35%
Revenue growth, 5-year CAGR 30.14% 7.26% 16.15%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AEVA IIIV Software Infrastructure median
Debt to equity 2.24 0.29 0.02
Current ratio 6.26 1.21 1.53
Net debt to EBITDA 0.21 (1.93) 0.05

Dividend

Metric AEVA IIIV Software Infrastructure median
Dividend yield — — 1.04%
Payout ratio — — 0.29

Size

Metric AEVA IIIV Software Infrastructure median
Market cap 640.60m 509.59m 606.60m

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