Cass Information Systems, Inc (CASS) vs Quad Graphics, Inc (QUAD)

Cass Information Systems, Inc and Quad Graphics, Inc are both Specialty Business Services companies. Cass Information Systems, Inc is the larger, with a market value of $696.4M against $476.9M — 1.5× the size. Quad Graphics, Inc trades at the lower P/E: 14.5× against 19.1×. Cass Information Systems, Inc grew revenue faster over the last twelve months: 6.52% against −8.02%. Cass Information Systems, Inc has the higher net margin (17.1% vs 1.31%) and the higher return on invested capital (176.3% vs 11.6%). Across the 21 metrics below, Quad Graphics, Inc leads on 11 and Cass Information Systems, Inc on 10.

Valuation

Metric CASS QUAD Specialty Business Services median
P/E 19.06 14.51 23.86
P/S 3.22 0.19 1.06
P/B 2.83 3.63 2.37
Price to free cash flow 16.54 5.51 16.54
EV/EBITDA n/m 5.03 11.51
EV/Sales 2.16 0.36 1.51
Earnings yield 5.25% 6.89% 2.14%
Free cash flow yield 6.05% 18.14% 1.55%

Profitability

Metric CASS QUAD Specialty Business Services median
Gross margin 92.56% 21.64% 35.31%
Operating margin 0.00% 4.05% 3.43%
Net margin 17.08% 1.31% 1.67%
Free cash flow margin 19.49% 3.45% 3.28%
Return on equity 15.12% 29.48% 0.58%
Return on assets 1.52% 2.56% 0.33%
Return on invested capital 176.26% 11.61% 0.65%

Growth

Metric CASS QUAD Specialty Business Services median
Revenue growth (TTM) 6.52% (8.02%) 6.04%
EPS growth (last fiscal year) 87.77% 150.47% —
Revenue growth, 5-year CAGR 6.97% (3.75%) 7.66%
Net income growth, 5-year CAGR 6.88% 0.00% 0.00%

Health

Metric CASS QUAD Specialty Business Services median
Debt to equity 0.00 3.21 0.21
Current ratio 0.61 0.87 1.62
Net debt to EBITDA 0.00 1.73 1.16

Dividend

Metric CASS QUAD Specialty Business Services median
Dividend yield 2.78% — 1.61%
Payout ratio 0.49 0.00 0.00

Size

Metric CASS QUAD Specialty Business Services median
Market cap 696.40m 476.88m 879.14m

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