Asana, Inc. (ASAN) vs ePlus inc. (PLUS)

Asana, Inc. and ePlus inc. are both Software Application companies. ePlus inc. is the larger, with a market value of $2.4B against $2.1B — 1.2× the size. Asana, Inc. has negative trailing earnings, so its P/E is not meaningful; ePlus inc. trades at 19.7×. ePlus inc. grew revenue faster over the last twelve months: 16.2% against 9.48%. ePlus inc. has the higher net margin (4.91% vs −18.6%) and the higher return on invested capital (16.3% vs 0.00%). Across the 19 metrics below, ePlus inc. leads on 13 and Asana, Inc. on 6.

Valuation

Metric ASAN PLUS Software Application median
P/E n/m 19.68 24.79
P/S 2.51 0.96 2.67
P/B 19.96 2.19 3.01
Price to free cash flow 8.48 42.82 16.59
EV/EBITDA n/m 10.14 14.40
EV/Sales 2.15 0.78 2.62
Earnings yield (7.32%) 5.08% 0.00%
Free cash flow yield 11.80% 2.34% 1.91%

Profitability

Metric ASAN PLUS Software Application median
Gross margin 87.56% 25.06% 67.03%
Operating margin (19.37%) 6.62% 0.00%
Net margin (18.63%) 4.91% 0.00%
Free cash flow margin 29.65% 2.24% 4.32%
Return on equity (105.40%) 11.50% 0.00%
Return on assets (18.62%) 6.56% 0.00%
Return on invested capital 0.00% 16.25% 0.00%

Growth

Metric ASAN PLUS Software Application median
Revenue growth (TTM) 9.48% 16.21% 12.40%
EPS growth (last fiscal year) 27.93% 24.20% —
Revenue growth, 5-year CAGR 28.35% 9.27% 13.72%
Net income growth, 5-year CAGR 0.00% 12.26% 0.00%

Health

Metric ASAN PLUS Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 0.92 2.13 1.55
Net debt to EBITDA 2.95 (2.12) 0.06

Dividend

Metric ASAN PLUS Software Application median
Dividend yield 1.22% — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric ASAN PLUS Software Application median
Market cap 2.06b 2.38b 396.11m

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