AvePoint, Inc. (AVPT) vs Shift4 Payments, Inc. (FOUR)

AvePoint, Inc. and Shift4 Payments, Inc. are both Software Infrastructure companies. AvePoint, Inc. and Shift4 Payments, Inc. are of similar size ($3.5B and $3.4B). AvePoint, Inc. trades at the lower P/E: 45.6× against 67.6×. Shift4 Payments, Inc. grew revenue faster over the last twelve months: 32.4% against 23.7%. AvePoint, Inc. has the higher net margin (15.7% vs 0.92%) and the higher return on invested capital (7.01% vs 4.12%). Across the 21 metrics below, AvePoint, Inc. leads on 13 and Shift4 Payments, Inc. on 8.

Valuation

Metric AVPT FOUR Software Infrastructure median
P/E 45.56 67.62 24.43
P/S 7.08 0.71 2.81
P/B 7.91 1.95 2.88
Price to free cash flow 36.49 10.86 17.94
EV/EBITDA 58.30 8.00 14.51
EV/Sales 6.23 1.58 2.91
Earnings yield 2.20% 1.48% 0.00%
Free cash flow yield 2.74% 9.21% 0.49%

Profitability

Metric AVPT FOUR Software Infrastructure median
Gross margin 72.91% 35.91% 57.45%
Operating margin 10.04% 8.11% 0.00%
Net margin 15.67% 0.92% 0.00%
Free cash flow margin 19.40% 6.50% 0.00%
Return on equity 16.92% 3.20% 0.00%
Return on assets 10.15% 0.56% 0.00%
Return on invested capital 7.01% 4.12% 0.00%

Growth

Metric AVPT FOUR Software Infrastructure median
Revenue growth (TTM) 23.74% 32.44% 14.28%
EPS growth (last fiscal year) 193.75% (64.36%) 18.26%
Revenue growth, 5-year CAGR 22.59% 40.37% 16.15%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AVPT FOUR Software Infrastructure median
Debt to equity 0.00 2.60 0.02
Current ratio 1.94 1.21 1.53
Net debt to EBITDA (12.26) 4.44 0.05

Dividend

Metric AVPT FOUR Software Infrastructure median
Dividend yield — — 1.06%
Payout ratio — — 0.29

Size

Metric AVPT FOUR Software Infrastructure median
Market cap 3.47b 3.38b 661.51m

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