Coursera, Inc. (COUR) vs Youdao, Inc. Unsponsored ADR (DAO)

Coursera, Inc. and Youdao, Inc. Unsponsored ADR are both Education & Training Services companies. Coursera, Inc. is the larger, with a market value of $991.5M against $657.2M — 1.5× the size. Coursera, Inc. has negative trailing earnings, so its P/E is not meaningful; Youdao, Inc. Unsponsored ADR trades at 102×. Coursera, Inc. grew revenue faster over the last twelve months: 44.4% against 13.8%. Youdao, Inc. Unsponsored ADR has the higher net margin (2.70% vs −14.4%) and the higher return on invested capital (0.00% vs −10.1%). Across the 17 metrics below, Coursera, Inc. leads on 9 and Youdao, Inc. Unsponsored ADR on 8.

Valuation

Metric COUR DAO Education & Training Services median
P/E n/m 101.80 12.09
P/S 0.93 2.75 0.80
P/B 0.94 n/m 1.39
Price to free cash flow n/m n/m 7.31
EV/EBITDA n/m 66.85 6.36
EV/Sales 0.01 2.89 0.58
Earnings yield (19.15%) 0.98% 3.29%
Free cash flow yield (0.78%) (2.79%) 3.03%

Profitability

Metric COUR DAO Education & Training Services median
Gross margin 57.02% 45.18% 55.03%
Operating margin (16.03%) 4.33% 0.00%
Net margin (14.36%) 2.70% 1.77%
Free cash flow margin 1.51% 0.00% 0.00%
Return on equity (18.07%) 0.00% 0.00%
Return on assets (10.95%) 8.70% 0.00%
Return on invested capital (10.12%) 0.00% 0.00%

Growth

Metric COUR DAO Education & Training Services median
Revenue growth (TTM) 44.35% 13.83% 5.84%
EPS growth (last fiscal year) 39.22% 30.00% 14.71%
Revenue growth, 5-year CAGR 20.88% 11.72% 4.24%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COUR DAO Education & Training Services median
Debt to equity 0.00 (0.93) 0.05
Current ratio 1.37 0.58 1.37
Net debt to EBITDA 16.31 4.35 (0.04)

Dividend

Metric COUR DAO Education & Training Services median
Dividend yield — — 2.64%
Payout ratio — — 0.26

Size

Metric COUR DAO Education & Training Services median
Market cap 991.50m 657.24m 59.54m

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