Bentley Systems, Incorporated (BSY) vs Grab Holdings Limited (GRAB)

Bentley Systems, Incorporated and Grab Holdings Limited are both Software Application companies. Grab Holdings Limited is the larger, with a market value of $12.7B against $10.5B — 1.2× the size. Grab Holdings Limited trades at the lower P/E: 22.8× against 37.6×. Grab Holdings Limited grew revenue faster over the last twelve months: 21.4% against 12.9%. Bentley Systems, Incorporated has the higher net margin (18.1% vs 16.0%) and the higher return on invested capital (10.4% vs 2.55%). Across the 21 metrics below, Grab Holdings Limited leads on 11 and Bentley Systems, Incorporated on 10.

Valuation

Metric BSY GRAB Software Application median
P/E 37.60 22.79 24.69
P/S 6.81 3.49 2.74
P/B 9.07 1.81 2.83
Price to free cash flow 21.87 n/m 17.55
EV/EBITDA 26.58 26.97 14.66
EV/Sales 7.47 2.35 2.65
Earnings yield 2.66% 4.39% 0.00%
Free cash flow yield 4.57% (1.30%) 1.87%

Profitability

Metric BSY GRAB Software Application median
Gross margin 81.84% 43.62% 67.03%
Operating margin 23.59% 3.22% 0.00%
Net margin 18.10% 16.01% 0.00%
Free cash flow margin 31.12% (4.53%) 5.01%
Return on equity 24.53% 8.80% 0.00%
Return on assets 8.28% 4.86% 0.00%
Return on invested capital 10.39% 2.55% 0.00%

Growth

Metric BSY GRAB Software Application median
Revenue growth (TTM) 12.85% 21.42% 12.48%
EPS growth (last fiscal year) 15.83% 300.00% 32.26%
Revenue growth, 5-year CAGR 13.38% 48.35% 14.21%
Net income growth, 5-year CAGR 17.08% 0.00% 0.00%

Health

Metric BSY GRAB Software Application median
Debt to equity 1.01 0.28 0.02
Current ratio 0.59 1.52 1.52
Net debt to EBITDA 2.58 (19.63) 0.06

Dividend

Metric BSY GRAB Software Application median
Dividend yield 0.80% — 0.86%
Payout ratio 0.31 — 0.29

Size

Metric BSY GRAB Software Application median
Market cap 10.52b 12.68b 379.49m

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