AVAX One Technology Ltd. (AVX) vs VirnetX Holding Corp (VHC)

AVAX One Technology Ltd. and VirnetX Holding Corp are both Software Infrastructure companies. VirnetX Holding Corp is the larger, with a market value of $51.6M against $39.4M — 1.3× the size. VirnetX Holding Corp has negative trailing earnings, so its P/E is not meaningful; AVAX One Technology Ltd. trades at 0.0×. VirnetX Holding Corp grew revenue faster over the last twelve months: 1,925.0% against 823.9%. VirnetX Holding Corp has the higher net margin (0.00% vs −1,533.9%) and the lower return on invested capital (−1,098.1% vs −65.7%). Across the 17 metrics below, VirnetX Holding Corp leads on 9 and AVAX One Technology Ltd. on 8.

Valuation

Metric AVX VHC Software Infrastructure median
P/E 0.02 n/m 28.02
P/S 6.92 242.72 3.07
P/B 0.44 2.61 3.36
Price to free cash flow n/m n/m 17.12
EV/EBITDA n/m n/m 14.91
EV/Sales 4.54 156.99 3.03
Earnings yield 5,145.34% (51.49%) 0.13%
Free cash flow yield (41.53%) (41.87%) 1.15%

Profitability

Metric AVX VHC Software Infrastructure median
Gross margin 57.41% 100.00% 61.23%
Operating margin (1,388.71%) 0.00% 0.00%
Net margin (1,533.87%) 0.00% 0.00%
Free cash flow margin (278.50%) 0.00% 1.67%
Return on equity (189.63%) (82.13%) 0.59%
Return on assets (153.87%) (61.14%) 0.00%
Return on invested capital (65.74%) (1,098.09%) 0.00%

Growth

Metric AVX VHC Software Infrastructure median
Revenue growth (TTM) 823.87% 1,925.00% 13.41%
EPS growth (last fiscal year) 98.14% 0.99% —
Revenue growth, 5-year CAGR — (77.83%) 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AVX VHC Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 2.16 6.24 1.55
Net debt to EBITDA 1.07 1.11 0.08

Dividend

Metric AVX VHC Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric AVX VHC Software Infrastructure median
Market cap 39.43m 51.57m 835.96m

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