Coursera, Inc. (COUR) vs Strategic Education Inc. (STRA)

Coursera, Inc. and Strategic Education Inc. are both Education & Training Services companies. Strategic Education Inc. is the larger, with a market value of $1.3B against $991.5M — 1.3× the size. Coursera, Inc. has negative trailing earnings, so its P/E is not meaningful; Strategic Education Inc. trades at 200×. Coursera, Inc. grew revenue faster over the last twelve months: 44.4% against 2.79%. Strategic Education Inc. has the higher net margin (0.74% vs −14.4%) and the higher return on invested capital (2.52% vs −10.1%). Across the 18 metrics below, Strategic Education Inc. leads on 11 and Coursera, Inc. on 7.

Valuation

Metric COUR STRA Education & Training Services median
P/E n/m 199.59 12.09
P/S 0.93 0.94 0.80
P/B 0.94 0.81 1.39
Price to free cash flow n/m 7.26 7.31
EV/EBITDA n/m 5.06 6.36
EV/Sales 0.01 0.89 0.58
Earnings yield (19.15%) 0.50% 3.29%
Free cash flow yield (0.78%) 13.77% 3.03%

Profitability

Metric COUR STRA Education & Training Services median
Gross margin 57.02% 49.19% 55.03%
Operating margin (16.03%) 4.31% 0.00%
Net margin (14.36%) 0.74% 1.77%
Free cash flow margin 1.51% 16.47% 0.00%
Return on equity (18.07%) 0.60% 0.00%
Return on assets (10.95%) 0.47% 0.00%
Return on invested capital (10.12%) 2.52% 0.00%

Growth

Metric COUR STRA Education & Training Services median
Revenue growth (TTM) 44.35% 2.79% 5.84%
EPS growth (last fiscal year) 39.22% 15.85% 14.71%
Revenue growth, 5-year CAGR 20.88% 4.30% 4.24%
Net income growth, 5-year CAGR 0.00% 7.98% 0.00%

Health

Metric COUR STRA Education & Training Services median
Debt to equity 0.00 0.00 0.05
Current ratio 1.37 1.08 1.37
Net debt to EBITDA 16.31 (0.66) (0.04)

Dividend

Metric COUR STRA Education & Training Services median
Dividend yield — 4.15% 2.64%
Payout ratio — 14.12 0.26

Size

Metric COUR STRA Education & Training Services median
Market cap 991.50m 1.30b 59.54m

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