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 $9.6B against $4.4B — 2.2× the size. Snap Inc. has negative trailing earnings, so its P/E is not meaningful; Bilibili Inc. Sponsored ADR trades at 23.9×. 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 23.92 n/m 12.10
P/S 1.15 1.40 0.93
P/B 2.39 4.63 1.26
Price to free cash flow 3.40 12.83 8.57
EV/EBITDA 15.44 n/m 9.76
EV/Sales 0.68 1.54 1.10
Earnings yield 4.18% (3.36%) 0.70%
Free cash flow yield 29.37% 7.79% 3.77%

Profitability

Metric BILI SNAP Internet Content & Information median
Gross margin 37.00% 57.33% 66.11%
Operating margin 4.40% (5.10%) 0.36%
Net margin 4.83% (4.90%) 1.24%
Free cash flow margin 0.00% 11.11% 3.47%
Return on equity 0.00% (15.58%) 0.00%
Return on assets 3.83% (4.19%) 0.50%
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% 5.54%
EPS growth (last fiscal year) 188.64% 35.71% 34.37%
Revenue growth, 5-year CAGR 18.73% 18.80% 10.75%
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 1.85
Net debt to EBITDA (4.39) (1.65) (0.53)

Dividend

Metric BILI SNAP Internet Content & Information median
Dividend yield — — 1.13%
Payout ratio — — 0.28

Size

Metric BILI SNAP Internet Content & Information median
Market cap 4.36b 9.61b 636.02m

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