AST SpaceMobile, Inc. (ASTS) vs Ubiquiti Inc. (UI)

AST SpaceMobile, Inc. and Ubiquiti Inc. are both Communication Equipment companies. Ubiquiti Inc. is the larger, with a market value of $34.1B against $24.3B — 1.4× the size. AST SpaceMobile, Inc. has negative trailing earnings, so its P/E is not meaningful; Ubiquiti Inc. trades at 35.3×. AST SpaceMobile, Inc. grew revenue faster over the last twelve months: 2,256.9% against 27.2%. Ubiquiti Inc. has the higher net margin (29.3% vs −536.7%) and the higher return on invested capital (89.4% vs −12.2%). Across the 19 metrics below, Ubiquiti Inc. leads on 15 and AST SpaceMobile, Inc. on 4.

Valuation

Metric ASTS UI Communication Equipment median
P/E n/m 35.31 33.61
P/S 160.32 10.36 2.16
P/B 7.71 23.56 2.40
Price to free cash flow n/m 37.32 25.02
EV/EBITDA n/m 27.99 13.78
EV/Sales 166.20 10.31 2.27
Earnings yield (3.46%) 2.83% (0.65%)
Free cash flow yield (9.39%) 2.68% 1.61%

Profitability

Metric ASTS UI Communication Equipment median
Gross margin 38.91% 46.16% 39.47%
Operating margin (519.47%) 36.21% 2.39%
Net margin (536.66%) 29.33% (0.74%)
Free cash flow margin (1,506.12%) 27.76% 1.39%
Return on equity (34.81%) 91.09% (1.91%)
Return on assets (16.00%) 52.41% (0.20%)
Return on invested capital (12.17%) 89.37% 0.72%

Growth

Metric ASTS UI Communication Equipment median
Revenue growth (TTM) 2,256.89% 27.22% 11.48%
EPS growth (last fiscal year) 30.93% 34.78% —
Revenue growth, 5-year CAGR 41.72% 11.52% 4.92%
Net income growth, 5-year CAGR 0.00% 9.27% 0.00%

Health

Metric ASTS UI Communication Equipment median
Debt to equity 1.24 0.00 0.06
Current ratio 13.05 2.93 2.01
Net debt to EBITDA 0.51 (0.51) 0.67

Dividend

Metric ASTS UI Communication Equipment median
Dividend yield — 1.89% 2.63%
Payout ratio 0.00 0.36 0.00

Size

Metric ASTS UI Communication Equipment median
Market cap 24.25b 34.08b 563.45m

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