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 $1.8B against $1.3B — 1.3× the size. Coursera, Inc. has negative trailing earnings, so its P/E is not meaningful; Strategic Education Inc. trades at 12.5×. Coursera, Inc. grew revenue faster over the last twelve months: 22.7% against 3.53%. Strategic Education Inc. has the higher net margin (10.5% vs −15.4%) and the higher return on invested capital (7.49% vs −53.4%). Across the 19 metrics below, Strategic Education Inc. leads on 13 and Coursera, Inc. on 6.

Valuation

Metric COUR STRA Education & Training Services median
P/E n/m 12.49 11.19
P/S 1.33 1.28 0.92
P/B 1.01 1.01 1.63
Price to free cash flow 111.20 9.62 9.62
EV/EBITDA n/m 7.02 7.02
EV/Sales 0.22 1.24 0.82
Earnings yield (13.27%) 8.00% 3.17%
Free cash flow yield 0.90% 10.40% 2.30%

Profitability

Metric COUR STRA Education & Training Services median
Gross margin 55.88% 49.06% 54.64%
Operating margin (17.83%) 14.01% 0.00%
Net margin (15.39%) 10.46% 3.29%
Free cash flow margin 1.20% 13.28% 0.00%
Return on equity (15.20%) 8.15% 0.00%
Return on assets (9.31%) 6.47% 0.00%
Return on invested capital (53.40%) 7.49% 0.00%

Growth

Metric COUR STRA Education & Training Services median
Revenue growth (TTM) 22.68% 3.53% 6.97%
EPS growth (last fiscal year) 39.22% 15.85% —
Revenue growth, 5-year CAGR 20.88% 4.30% 4.27%
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 0.08
Current ratio 1.59 1.10 1.33
Net debt to EBITDA 16.31 (0.66) (0.15)

Dividend

Metric COUR STRA Education & Training Services median
Dividend yield — 2.48% 1.13%
Payout ratio 0.00 1.57 0.00

Size

Metric COUR STRA Education & Training Services median
Market cap 1.34b 1.77b 68.93m

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