American Public Education, Inc. (APEI) vs Strategic Education Inc. (STRA)

American Public Education, Inc. and Strategic Education Inc. are both Education & Training Services companies. Strategic Education Inc. is the larger, with a market value of $1.8B against $781.7M — 2.3× the size. Strategic Education Inc. trades at the lower P/E: 12.5× against 16.6×. American Public Education, Inc. grew revenue faster over the last twelve months: 3.64% against 3.53%. Strategic Education Inc. has the higher net margin (10.5% vs 6.84%) and the lower return on invested capital (7.49% vs 22.4%). Across the 22 metrics below, American Public Education, Inc. leads on 11 and Strategic Education Inc. on 11.

Valuation

Metric APEI STRA Education & Training Services median
P/E 16.58 12.49 11.19
P/S 1.14 1.28 0.92
P/B 2.43 1.01 1.63
Price to free cash flow 10.91 9.62 9.62
EV/EBITDA 7.79 7.02 7.02
EV/Sales 0.94 1.24 0.82
Earnings yield 6.03% 8.00% 3.17%
Free cash flow yield 9.17% 10.40% 2.30%

Profitability

Metric APEI STRA Education & Training Services median
Gross margin 55.85% 49.06% 54.64%
Operating margin 9.56% 14.01% 0.00%
Net margin 6.84% 10.46% 3.29%
Free cash flow margin 10.49% 13.28% 0.00%
Return on equity 15.58% 8.15% 0.00%
Return on assets 8.50% 6.47% 0.00%
Return on invested capital 22.35% 7.49% 0.00%

Growth

Metric APEI STRA Education & Training Services median
Revenue growth (TTM) 3.64% 3.53% 6.97%
EPS growth (last fiscal year) 147.27% 15.85% —
Revenue growth, 5-year CAGR 15.06% 4.30% 4.27%
Net income growth, 5-year CAGR 6.10% 7.98% 0.00%

Health

Metric APEI STRA Education & Training Services median
Debt to equity 0.28 0.00 0.08
Current ratio 3.25 1.10 1.33
Net debt to EBITDA (1.25) (0.66) (0.15)

Dividend

Metric APEI STRA Education & Training Services median
Dividend yield — 2.48% 1.13%
Payout ratio 0.00 1.57 0.00

Size

Metric APEI STRA Education & Training Services median
Market cap 781.66m 1.77b 68.93m

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