BlackLine (BL) vs ePlus inc. (PLUS)

BlackLine and ePlus inc. are both Software Application companies. BlackLine and ePlus inc. are of similar size ($2.2B and $2.0B). ePlus inc. trades at the lower P/E: 17.9× against 57.0×. ePlus inc. grew revenue faster over the last twelve months: 16.2% against 8.62%. ePlus inc. has the higher net margin (4.91% vs 4.75%) and the higher return on invested capital (16.3% vs 4.32%). Across the 22 metrics below, ePlus inc. leads on 17 and BlackLine on 5.

Valuation

Metric BL PLUS Software Application median
P/E 57.03 17.92 25.90
P/S 2.69 0.87 3.04
P/B 6.23 1.99 2.60
Price to free cash flow 13.21 38.99 17.17
EV/EBITDA 25.26 9.02 15.48
EV/Sales 2.89 0.69 2.89
Earnings yield 1.75% 5.58% 0.00%
Free cash flow yield 7.57% 2.56% 1.98%

Profitability

Metric BL PLUS Software Application median
Gross margin 75.56% 25.06% 66.89%
Operating margin 4.32% 6.62% 0.00%
Net margin 4.75% 4.91% 0.00%
Free cash flow margin 20.36% 2.24% 5.77%
Return on equity 9.53% 11.50% 0.00%
Return on assets 2.13% 6.56% 0.00%
Return on invested capital 4.32% 16.25% 0.00%

Growth

Metric BL PLUS Software Application median
Revenue growth (TTM) 8.62% 16.21% 12.27%
EPS growth (last fiscal year) (73.10%) 24.20% 32.11%
Revenue growth, 5-year CAGR 14.77% 9.27% 14.34%
Net income growth, 5-year CAGR 0.00% 12.26% 0.00%

Health

Metric BL PLUS Software Application median
Debt to equity 2.12 0.00 0.02
Current ratio 1.72 2.13 1.53
Net debt to EBITDA (1.49) (2.12) 0.09

Dividend

Metric BL PLUS Software Application median
Dividend yield — 1.26% 1.10%
Payout ratio — 0.23 0.28

Size

Metric BL PLUS Software Application median
Market cap 1.96b 2.15b 487.58m

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