Bending Spoons S.p.A. (BSP) vs Paychex, Inc. (PAYX)

Bending Spoons S.p.A. and Paychex, Inc. are both Software Application companies. Paychex, Inc. is the larger, with a market value of $38.9B against $29.7B — 1.3× the size. Paychex, Inc. trades at the lower P/E: 22.2× against 167×. Paychex, Inc. has the higher net margin (27.4% vs 8.40%) and the higher return on invested capital (22.2% vs 5.34%). Across the 19 metrics below, Paychex, Inc. leads on 19 and Bending Spoons S.p.A. on 0.

Valuation

Metric BSP PAYX Software Application median
P/E 166.84 22.20 26.76
P/S 14.59 6.04 2.99
P/B 21.74 10.76 2.59
Price to free cash flow 79.99 19.78 18.02
EV/EBITDA 46.34 13.38 16.06
EV/Sales 16.77 6.64 2.92
Earnings yield 0.60% 4.50% 0.00%
Free cash flow yield 1.25% 5.06% 2.00%

Profitability

Metric BSP PAYX Software Application median
Gross margin 66.21% 74.39% 67.03%
Operating margin 24.34% 39.19% 0.00%
Net margin 8.40% 27.35% 0.00%
Free cash flow margin 18.23% 30.54% 5.71%
Return on equity 0.00% 47.06% 0.00%
Return on assets 3.91% 11.17% 0.00%
Return on invested capital 5.34% 22.23% 0.00%

Growth

Metric BSP PAYX Software Application median
Revenue growth (TTM) — 13.97% 12.43%
EPS growth (last fiscal year) (100.00%) 6.77% 31.92%
Revenue growth, 5-year CAGR — 9.93% 14.34%
Net income growth, 5-year CAGR — 9.91% 0.00%

Health

Metric BSP PAYX Software Application median
Debt to equity 3.88 1.23 0.03
Current ratio 0.64 1.28 1.56
Net debt to EBITDA 4.69 1.06 0.08

Dividend

Metric BSP PAYX Software Application median
Dividend yield — 5.11% 0.93%
Payout ratio — 1.14 0.29

Size

Metric BSP PAYX Software Application median
Market cap 29.72b 38.93b 423.97m

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