Bitdeer Technologies Group (BTDR) vs Grindr Inc. (GRND)

Bitdeer Technologies Group and Grindr Inc. are both Software Application companies. Grindr Inc. is the larger, with a market value of $2.6B against $2.3B — 1.1× the size. Bitdeer Technologies Group has negative trailing earnings, so its P/E is not meaningful; Grindr Inc. trades at 28.2×. Bitdeer Technologies Group grew revenue faster over the last twelve months: 127.7% against 32.4%. Grindr Inc. has the higher net margin (18.8% vs −28.1%) and the higher return on invested capital (25.8% vs 0.75%). Across the 17 metrics below, Grindr Inc. leads on 13 and Bitdeer Technologies Group on 4.

Valuation

Metric BTDR GRND Software Application median
P/E n/m 28.18 25.41
P/S 2.34 4.89 2.73
P/B 1.73 n/m 2.57
Price to free cash flow n/m 17.43 17.58
EV/EBITDA 109.98 18.28 15.36
EV/Sales 4.00 5.63 2.59
Earnings yield (12.42%) 3.55% 0.00%
Free cash flow yield (109.80%) 5.74% 2.24%

Profitability

Metric BTDR GRND Software Application median
Gross margin 0.67% 74.94% 67.03%
Operating margin 3.64% 29.77% 0.00%
Net margin (28.14%) 18.75% 0.00%
Free cash flow margin (257.38%) 28.03% 5.01%
Return on equity (25.26%) 108.65% 0.00%
Return on assets (8.33%) 18.92% 0.00%
Return on invested capital 0.75% 25.77% 0.00%

Growth

Metric BTDR GRND Software Application median
Revenue growth (TTM) 127.68% 32.38% 12.48%
EPS growth (last fiscal year) 106.42% 158.11% 32.26%
Revenue growth, 5-year CAGR — — 14.21%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BTDR GRND Software Application median
Debt to equity 1.67 (32.91) 0.02
Current ratio 1.01 1.10 1.52
Net debt to EBITDA 2.26 2.27 0.08

Dividend

Metric BTDR GRND Software Application median
Dividend yield — — 0.95%
Payout ratio — — 0.29

Size

Metric BTDR GRND Software Application median
Market cap 2.28b 2.62b 357.77m

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