Beeline Holdings, Inc. (BLNE) vs Pineapple Financial Inc. (PAPL)

Beeline Holdings, Inc. and Pineapple Financial Inc. are both Mortgage Finance companies. Beeline Holdings, Inc. is the larger, with a market value of $33.5M against $25.5M — 1.3× the size. Pineapple Financial Inc. has negative trailing earnings, so its P/E is not meaningful; Beeline Holdings, Inc. trades at 0.4×. Beeline Holdings, Inc. grew revenue faster over the last twelve months: 142.3% against −2.54%. Pineapple Financial Inc. has the higher net margin (−90.2% vs −227.8%) and the higher return on invested capital (−0.40% vs −26.2%). Across the 17 metrics below, Beeline Holdings, Inc. leads on 9 and Pineapple Financial Inc. on 8.

Valuation

Metric BLNE PAPL Mortgage Finance median
P/E 0.41 n/m 7.11
P/S 2.75 9.18 1.54
P/B 0.55 0.49 0.53
Price to free cash flow n/m n/m 6.59
EV/EBITDA n/m 22.03 22.03
EV/Sales 3.14 13.27 5.95
Earnings yield 244.81% (643.78%) 2.09%
Free cash flow yield (62.97%) (22.79%) (16.97%)

Profitability

Metric BLNE PAPL Mortgage Finance median
Gross margin 100.00% 100.00% 84.40%
Operating margin (202.06%) 25.36% 12.51%
Net margin (227.79%) (90.19%) (0.83%)
Free cash flow margin (173.13%) (209.14%) (45.06%)
Return on equity (43.69%) (9.57%) (1.16%)
Return on assets (35.23%) (6.23%) 0.38%
Return on invested capital (26.21%) (0.40%) 0.36%

Growth

Metric BLNE PAPL Mortgage Finance median
Revenue growth (TTM) 142.33% (2.54%) 11.44%
EPS growth (last fiscal year) 95.22% 53.42% —
Revenue growth, 5-year CAGR (11.12%) 2.13% (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BLNE PAPL Mortgage Finance median
Debt to equity 0.00 0.42 1.22
Current ratio 1.07 1.00 1.38
Net debt to EBITDA 0.22 0.53 9.85

Dividend

Metric BLNE PAPL Mortgage Finance median
Dividend yield — — 5.81%
Payout ratio 0.00 — 0.00

Size

Metric BLNE PAPL Mortgage Finance median
Market cap 33.45m 25.52m 214.95m

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