American Public Education, Inc. (APEI) vs Coursera, Inc. (COUR)

American Public Education, Inc. and Coursera, Inc. are both Education & Training Services companies. Coursera, Inc. is the larger, with a market value of $1.3B against $781.7M — 1.7× the size. Coursera, Inc. has negative trailing earnings, so its P/E is not meaningful; American Public Education, Inc. trades at 16.6×. Coursera, Inc. grew revenue faster over the last twelve months: 22.7% against 3.64%. American Public Education, Inc. has the higher net margin (6.84% vs −15.4%) and the higher return on invested capital (22.4% vs −53.4%). Across the 20 metrics below, American Public Education, Inc. leads on 14 and Coursera, Inc. on 6.

Valuation

Metric APEI COUR Education & Training Services median
P/E 16.58 n/m 11.19
P/S 1.14 1.33 0.92
P/B 2.43 1.01 1.63
Price to free cash flow 10.91 111.20 9.62
EV/EBITDA 7.79 n/m 7.02
EV/Sales 0.94 0.22 0.82
Earnings yield 6.03% (13.27%) 3.17%
Free cash flow yield 9.17% 0.90% 2.30%

Profitability

Metric APEI COUR Education & Training Services median
Gross margin 55.85% 55.88% 54.64%
Operating margin 9.56% (17.83%) 0.00%
Net margin 6.84% (15.39%) 3.29%
Free cash flow margin 10.49% 1.20% 0.00%
Return on equity 15.58% (15.20%) 0.00%
Return on assets 8.50% (9.31%) 0.00%
Return on invested capital 22.35% (53.40%) 0.00%

Growth

Metric APEI COUR Education & Training Services median
Revenue growth (TTM) 3.64% 22.68% 6.97%
EPS growth (last fiscal year) 147.27% 39.22% —
Revenue growth, 5-year CAGR 15.06% 20.88% 4.27%
Net income growth, 5-year CAGR 6.10% 0.00% 0.00%

Health

Metric APEI COUR Education & Training Services median
Debt to equity 0.28 0.00 0.08
Current ratio 3.25 1.59 1.33
Net debt to EBITDA (1.25) 16.31 (0.15)

Dividend

Metric APEI COUR Education & Training Services median
Dividend yield — — 1.13%
Payout ratio 0.00 0.00 0.00

Size

Metric APEI COUR Education & Training Services median
Market cap 781.66m 1.34b 68.93m

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