AvePoint, Inc. (AVPT) vs Paymentus Holdings, Inc. (PAY)

AvePoint, Inc. and Paymentus Holdings, Inc. are both Software Infrastructure companies. Paymentus Holdings, Inc. is the larger, with a market value of $4.1B against $3.2B — 1.3× the size. AvePoint, Inc. trades at the lower P/E: 43.4× against 47.1×. Paymentus Holdings, Inc. grew revenue faster over the last twelve months: 30.2% against 25.0%. AvePoint, Inc. has the higher net margin (15.3% vs 6.24%) and the higher return on invested capital (145.3% vs 27.6%). Across the 21 metrics below, AvePoint, Inc. leads on 12 and Paymentus Holdings, Inc. on 9.

Valuation

Metric AVPT PAY Software Infrastructure median
P/E 43.42 47.07 28.38
P/S 6.46 2.92 2.98
P/B 6.89 6.47 2.93
Price to free cash flow 30.36 32.78 16.28
EV/EBITDA 49.85 24.47 13.92
EV/Sales 5.57 2.64 2.90
Earnings yield 2.30% 2.12% 0.14%
Free cash flow yield 3.29% 3.05% 1.24%

Profitability

Metric AVPT PAY Software Infrastructure median
Gross margin 73.45% 24.95% 61.00%
Operating margin 9.78% 7.58% 0.00%
Net margin 15.33% 6.24% 0.00%
Free cash flow margin 21.29% 8.92% 1.67%
Return on equity 16.25% 15.02% 0.60%
Return on assets 9.81% 12.71% 0.00%
Return on invested capital 145.25% 27.57% 0.00%

Growth

Metric AVPT PAY Software Infrastructure median
Revenue growth (TTM) 24.95% 30.21% 13.41%
EPS growth (last fiscal year) 193.75% 48.57% 27.10%
Revenue growth, 5-year CAGR 22.59% 31.72% 15.57%
Net income growth, 5-year CAGR 0.00% 51.01% 0.00%

Health

Metric AVPT PAY Software Infrastructure median
Debt to equity 0.00 0.00 0.05
Current ratio 2.00 4.89 1.55
Net debt to EBITDA (12.26) (2.68) 0.08

Dividend

Metric AVPT PAY Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric AVPT PAY Software Infrastructure median
Market cap 3.15b 4.05b 752.37m

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