Bilibili Inc. Sponsored ADR (BILI) vs Snap Inc. (SNAP)

Bilibili Inc. Sponsored ADR and Snap Inc. are both Internet Content & Information companies. Snap Inc. is the larger, with a market value of $9.2B against $5.0B — 1.8× the size. Snap Inc. has negative trailing earnings, so its P/E is not meaningful; Bilibili Inc. Sponsored ADR trades at 28.1×. Bilibili Inc. Sponsored ADR grew revenue faster over the last twelve months: 14.7% against 12.7%. Bilibili Inc. Sponsored ADR has the higher net margin (4.83% vs −4.90%) and the higher return on invested capital (76.5% vs −7.22%). Across the 19 metrics below, Bilibili Inc. Sponsored ADR leads on 15 and Snap Inc. on 4.

Valuation

Metric BILI SNAP Internet Content & Information median
P/E 28.11 n/m 10.24
P/S 1.35 1.42 0.87
P/B 2.80 4.68 1.32
Price to free cash flow 4.00 12.97 8.85
EV/EBITDA 20.02 n/m 8.86
EV/Sales 0.88 1.56 1.15
Earnings yield 3.56% (3.32%) (1.58%)
Free cash flow yield 24.99% 7.71% 2.32%

Profitability

Metric BILI SNAP Internet Content & Information median
Gross margin 37.00% 57.33% 66.84%
Operating margin 4.40% (5.10%) (3.41%)
Net margin 4.83% (4.90%) (3.02%)
Free cash flow margin 0.00% 11.11% 1.75%
Return on equity 0.00% (15.58%) 0.00%
Return on assets 3.83% (4.19%) (0.36%)
Return on invested capital 76.46% (7.22%) 0.00%

Growth

Metric BILI SNAP Internet Content & Information median
Revenue growth (TTM) 14.66% 12.65% 2.65%
EPS growth (last fiscal year) 188.64% 35.71% —
Revenue growth, 5-year CAGR 18.73% 18.80% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BILI SNAP Internet Content & Information median
Debt to equity 0.60 1.83 0.01
Current ratio 1.32 2.94 1.82
Net debt to EBITDA (4.39) (1.65) (0.48)

Dividend

Metric BILI SNAP Internet Content & Information median
Dividend yield — — 3.19%
Payout ratio 0.00 0.00 0.00

Size

Metric BILI SNAP Internet Content & Information median
Market cap 5.03b 9.21b 283.68m

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