BitVentures Limited (BVC) vs Roadzen Inc. (RDZN)

BitVentures Limited and Roadzen Inc. are both Software Application companies. BitVentures Limited and Roadzen Inc. are of similar size ($109.5M and $109.4M). Roadzen Inc. has negative trailing earnings, so its P/E is not meaningful; BitVentures Limited trades at 5.8×. BitVentures Limited grew revenue faster over the last twelve months: 83.9% against 30.5%. BitVentures Limited has the higher net margin (9.07% vs −46.9%) and the higher return on invested capital (0.00% vs 0.00%). Across the 15 metrics below, BitVentures Limited leads on 10 and Roadzen Inc. on 5.

Valuation

Metric BVC RDZN Software Application median
P/E 5.79 n/m 24.79
P/S 0.53 1.92 2.67
P/B 21.71 n/m 3.01
Price to free cash flow n/m n/m 16.59
EV/EBITDA n/m n/m 14.40
EV/Sales 0.50 2.36 2.62
Earnings yield 17.27% (25.71%) 0.00%
Free cash flow yield 0.00% (20.74%) 1.91%

Profitability

Metric BVC RDZN Software Application median
Gross margin 0.00% 60.68% 67.03%
Operating margin 0.00% (21.57%) 0.00%
Net margin 9.07% (46.90%) 0.00%
Free cash flow margin 0.00% (39.81%) 4.32%
Return on equity 0.00% 95.26% 0.00%
Return on assets 0.00% (70.17%) 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric BVC RDZN Software Application median
Revenue growth (TTM) 83.88% 30.54% 12.40%
EPS growth (last fiscal year) (300.00%) 72.12% —
Revenue growth, 5-year CAGR (34.54%) — 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BVC RDZN Software Application median
Debt to equity 0.00 (1.08) 0.02
Current ratio 610.63 0.45 1.55
Net debt to EBITDA 3.06 (2.25) 0.06

Dividend

Metric BVC RDZN Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric BVC RDZN Software Application median
Market cap 109.54m 109.44m 396.11m

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