Cellebrite DI Ltd. (CLBT) vs PagSeguro Digital Ltd. (PAGS)

Cellebrite DI Ltd. and PagSeguro Digital Ltd. are both Software Infrastructure companies. Cellebrite DI Ltd. and PagSeguro Digital Ltd. are of similar size ($3.1B and $2.9B). PagSeguro Digital Ltd. trades at the lower P/E: 7.7× against 46.0×. Cellebrite DI Ltd. grew revenue faster over the last twelve months: 17.8% against 12.3%. Cellebrite DI Ltd. has the higher net margin (11.4% vs 10.5%) and the higher return on invested capital (36.5% vs 32.6%). Across the 21 metrics below, PagSeguro Digital Ltd. leads on 12 and Cellebrite DI Ltd. on 9.

Valuation

Metric CLBT PAGS Software Infrastructure median
P/E 45.96 7.69 28.38
P/S 5.31 0.78 2.98
P/B 5.08 1.02 2.93
Price to free cash flow n/m 4.26 16.28
EV/EBITDA 29.96 1.60 13.92
EV/Sales 4.45 0.79 2.90
Earnings yield 2.18% 13.00% 0.14%
Free cash flow yield (0.73%) 23.48% 1.24%

Profitability

Metric CLBT PAGS Software Infrastructure median
Gross margin 82.96% 53.30% 61.00%
Operating margin 10.86% 40.07% 0.00%
Net margin 11.43% 10.47% 0.00%
Free cash flow margin (3.90%) 18.36% 1.67%
Return on equity 12.42% 14.69% 0.60%
Return on assets 6.60% 2.96% 0.00%
Return on invested capital 36.53% 32.55% 0.00%

Growth

Metric CLBT PAGS Software Infrastructure median
Revenue growth (TTM) 17.76% 12.27% 13.41%
EPS growth (last fiscal year) 122.96% 12.39% 27.10%
Revenue growth, 5-year CAGR 19.53% 22.56% 15.57%
Net income growth, 5-year CAGR 0.00% 8.65% 0.00%

Health

Metric CLBT PAGS Software Infrastructure median
Debt to equity 0.00 0.10 0.05
Current ratio 1.62 1.55 1.55
Net debt to EBITDA (5.75) 0.00 0.08

Dividend

Metric CLBT PAGS Software Infrastructure median
Dividend yield — 4.91% 1.20%
Payout ratio — 0.38 0.29

Size

Metric CLBT PAGS Software Infrastructure median
Market cap 2.86b 3.09b 752.37m

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