Bending Spoons S.p.A. (BSP) vs Atlassian Corporation PLC (TEAM)

Bending Spoons S.p.A. and Atlassian Corporation PLC are both Software Application companies. Atlassian Corporation PLC is the larger, with a market value of $51.4B against $29.7B — 1.7× the size. Atlassian Corporation PLC has negative trailing earnings, so its P/E is not meaningful; Bending Spoons S.p.A. trades at 167×. Bending Spoons S.p.A. has the higher net margin (8.40% vs −0.82%) and the higher return on invested capital (5.34% vs 0.80%). Across the 18 metrics below, Atlassian Corporation PLC leads on 10 and Bending Spoons S.p.A. on 8.

Valuation

Metric BSP TEAM Software Application median
P/E 166.84 n/m 26.76
P/S 14.59 7.59 2.99
P/B 21.74 47.15 2.59
Price to free cash flow 79.99 37.97 18.02
EV/EBITDA 46.34 329.10 16.06
EV/Sales 16.77 7.56 2.92
Earnings yield 0.60% (0.10%) 0.00%
Free cash flow yield 1.25% 2.63% 2.00%

Profitability

Metric BSP TEAM Software Application median
Gross margin 66.21% 84.83% 67.03%
Operating margin 24.34% 0.16% 0.00%
Net margin 8.40% (0.82%) 0.00%
Free cash flow margin 18.23% 20.07% 5.71%
Return on equity 0.00% (4.48%) 0.00%
Return on assets 3.91% (0.89%) 0.00%
Return on invested capital 5.34% 0.80% 0.00%

Growth

Metric BSP TEAM Software Application median
Revenue growth (TTM) — 26.02% 12.43%
EPS growth (last fiscal year) (100.00%) 78.57% 31.92%
Revenue growth, 5-year CAGR — 25.76% 14.34%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BSP TEAM Software Application median
Debt to equity 3.88 0.93 0.03
Current ratio 0.64 0.78 1.56
Net debt to EBITDA 4.69 (1.66) 0.08

Dividend

Metric BSP TEAM Software Application median
Dividend yield — — 0.93%
Payout ratio — — 0.29

Size

Metric BSP TEAM Software Application median
Market cap 29.72b 51.40b 423.97m

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