AvePoint, Inc. (AVPT) vs PagSeguro Digital Ltd. (PAGS)

AvePoint, Inc. and PagSeguro Digital Ltd. are both Software Infrastructure companies. AvePoint, Inc. is the larger, with a market value of $2.8B against $2.5B — 1.1× the size. PagSeguro Digital Ltd. trades at the lower P/E: 6.3× against 39.4×. AvePoint, Inc. grew revenue faster over the last twelve months: 25.0% against 12.3%. AvePoint, Inc. has the higher net margin (15.3% vs 10.5%) and the higher return on invested capital (145.3% vs 32.6%). Across the 22 metrics below, AvePoint, Inc. leads on 12 and PagSeguro Digital Ltd. on 10.

Valuation

Metric AVPT PAGS Software Infrastructure median
P/E 39.39 6.33 28.02
P/S 5.86 0.64 3.07
P/B 6.26 0.84 3.36
Price to free cash flow 27.54 3.50 17.12
EV/EBITDA 44.48 1.32 14.91
EV/Sales 4.97 0.65 3.03
Earnings yield 2.54% 15.80% 0.13%
Free cash flow yield 3.63% 28.53% 1.15%

Profitability

Metric AVPT PAGS Software Infrastructure median
Gross margin 73.45% 53.30% 61.23%
Operating margin 9.78% 40.07% 0.00%
Net margin 15.33% 10.47% 0.00%
Free cash flow margin 21.29% 18.36% 1.67%
Return on equity 16.25% 14.69% 0.59%
Return on assets 9.81% 2.96% 0.00%
Return on invested capital 145.25% 32.55% 0.00%

Growth

Metric AVPT PAGS Software Infrastructure median
Revenue growth (TTM) 24.95% 12.27% 13.41%
EPS growth (last fiscal year) 193.75% 12.39% —
Revenue growth, 5-year CAGR 22.59% 22.56% 15.81%
Net income growth, 5-year CAGR 0.00% 8.65% 0.00%

Health

Metric AVPT PAGS Software Infrastructure median
Debt to equity 0.00 0.10 0.06
Current ratio 2.00 1.55 1.55
Net debt to EBITDA (12.26) 0.00 0.08

Dividend

Metric AVPT PAGS Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric AVPT PAGS Software Infrastructure median
Market cap 2.78b 2.51b 835.96m

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