Alight, Inc. (ALIT) vs Immersion Corporation (IMMR)

Alight, Inc. and Immersion Corporation are both Software Application companies. Alight, Inc. and Immersion Corporation are of similar size ($248.4M and $237.1M). Alight, Inc. has negative trailing earnings, so its P/E is not meaningful; Immersion Corporation trades at 19.9×. Immersion Corporation grew revenue faster over the last twelve months: −0.88% against −3.46%. Immersion Corporation has the higher net margin (0.60% vs −90.9%) and the higher return on invested capital (4.26% vs −51.8%). Across the 21 metrics below, Immersion Corporation leads on 14 and Alight, Inc. on 7.

Valuation

Metric ALIT IMMR Software Application median
P/E n/m 19.86 25.41
P/S 0.11 0.13 2.73
P/B 0.23 0.41 2.57
Price to free cash flow 0.95 3.77 17.58
EV/EBITDA 4.21 1.93 15.36
EV/Sales 0.80 0.08 2.59
Earnings yield (856.60%) 5.04% 0.00%
Free cash flow yield 104.88% 26.53% 2.24%

Profitability

Metric ALIT IMMR Software Application median
Gross margin 32.09% 21.54% 67.03%
Operating margin (95.65%) 1.86% 0.00%
Net margin (90.90%) 0.60% 0.00%
Free cash flow margin 11.16% 3.53% 5.01%
Return on equity (97.81%) 1.87% 0.00%
Return on assets (36.72%) 0.85% 0.00%
Return on invested capital (51.82%) 4.26% 0.00%

Growth

Metric ALIT IMMR Software Application median
Revenue growth (TTM) (3.46%) (0.88%) 12.48%
EPS growth (last fiscal year) (1,924.14%) (95.06%) 32.26%
Revenue growth, 5-year CAGR (3.68%) 124.34% 14.21%
Net income growth, 5-year CAGR 0.00% (3.52%) 0.00%

Health

Metric ALIT IMMR Software Application median
Debt to equity 1.95 0.22 0.02
Current ratio 1.42 2.14 1.52
Net debt to EBITDA 3.35 (1.60) 0.08

Dividend

Metric ALIT IMMR Software Application median
Dividend yield — 4.96% 0.95%
Payout ratio — 1.01 0.29

Size

Metric ALIT IMMR Software Application median
Market cap 248.38m 237.09m 357.77m

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