Bentley Systems, Incorporated (BSY) vs Elastic N.V. (ESTC)

Bentley Systems, Incorporated and Elastic N.V. are both Software Application companies. Bentley Systems, Incorporated and Elastic N.V. are of similar size ($9.7B and $9.6B). Elastic N.V. trades at the lower P/E: 24.4× against 33.8×. Elastic N.V. grew revenue faster over the last twelve months: 16.2% against 12.9%. Elastic N.V. has the higher net margin (20.8% vs 18.1%) and the lower return on invested capital (−7.35% vs 10.4%). Both pay a dividend; Bentley Systems, Incorporated yields more (0.24% vs 0.05%). Across the 23 metrics below, Elastic N.V. leads on 14 and Bentley Systems, Incorporated on 9.

Valuation

Metric BSY ESTC Software Application median
P/E 33.81 24.41 24.79
P/S 6.12 5.12 2.67
P/B 8.16 7.11 3.01
Price to free cash flow 19.66 26.42 16.59
EV/EBITDA 24.13 102.19 14.40
EV/Sales 6.79 4.62 2.62
Earnings yield 2.96% 4.10% 0.00%
Free cash flow yield 5.09% 3.79% 1.91%

Profitability

Metric BSY ESTC Software Application median
Gross margin 81.84% 75.50% 67.03%
Operating margin 23.59% (2.64%) 0.00%
Net margin 18.10% 20.84% 0.00%
Free cash flow margin 31.12% 19.37% 4.32%
Return on equity 24.53% 33.12% 0.00%
Return on assets 8.28% 13.60% 0.00%
Return on invested capital 10.39% (7.35%) 0.00%

Growth

Metric BSY ESTC Software Application median
Revenue growth (TTM) 12.85% 16.18% 12.40%
EPS growth (last fiscal year) 15.83% 429.81% —
Revenue growth, 5-year CAGR 13.38% 23.37% 13.72%
Net income growth, 5-year CAGR 17.08% 0.00% 0.00%

Health

Metric BSY ESTC Software Application median
Debt to equity 1.01 0.44 0.02
Current ratio 0.59 1.81 1.55
Net debt to EBITDA 2.58 (9.19) 0.06

Dividend

Metric BSY ESTC Software Application median
Dividend yield 0.24% 0.05% 1.25%
Payout ratio 0.33 0.00 0.00

Size

Metric BSY ESTC Software Application median
Market cap 9.73b 9.58b 396.11m

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