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 $1.3B against $699.5M — 1.9× the size. American Public Education, Inc. trades at the lower P/E: 15.1× against 200×. American Public Education, Inc. grew revenue faster over the last twelve months: 3.64% against 2.79%. American Public Education, Inc. has the higher net margin (6.84% vs 0.74%) and the higher return on invested capital (22.4% vs 2.52%). Across the 22 metrics below, American Public Education, Inc. leads on 14 and Strategic Education Inc. on 8.

Valuation

Metric APEI STRA Education & Training Services median
P/E 15.14 199.59 12.09
P/S 1.04 0.94 0.80
P/B 2.22 0.81 1.39
Price to free cash flow 9.95 7.26 7.31
EV/EBITDA 6.97 5.06 6.36
EV/Sales 0.84 0.89 0.58
Earnings yield 6.61% 0.50% 3.29%
Free cash flow yield 10.05% 13.77% 3.03%

Profitability

Metric APEI STRA Education & Training Services median
Gross margin 55.85% 49.19% 55.03%
Operating margin 9.56% 4.31% 0.00%
Net margin 6.84% 0.74% 1.77%
Free cash flow margin 10.49% 16.47% 0.00%
Return on equity 15.58% 0.60% 0.00%
Return on assets 8.50% 0.47% 0.00%
Return on invested capital 22.35% 2.52% 0.00%

Growth

Metric APEI STRA Education & Training Services median
Revenue growth (TTM) 3.64% 2.79% 5.84%
EPS growth (last fiscal year) 147.27% 15.85% 14.71%
Revenue growth, 5-year CAGR 15.06% 4.30% 4.24%
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 0.05
Current ratio 3.25 1.08 1.37
Net debt to EBITDA (1.25) (0.66) (0.04)

Dividend

Metric APEI STRA Education & Training Services median
Dividend yield — 4.15% 2.64%
Payout ratio — 14.12 0.26

Size

Metric APEI STRA Education & Training Services median
Market cap 699.49m 1.30b 59.54m

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