Claritev Corporation (CTEV) vs Phreesia, Inc. (PHR)

Claritev Corporation and Phreesia, Inc. are both Health Information Services companies. Phreesia, Inc. is the larger, with a market value of $620.7M against $395.9M — 1.6× the size. Claritev Corporation has negative trailing earnings, so its P/E is not meaningful; Phreesia, Inc. trades at 59.7×. Phreesia, Inc. grew revenue faster over the last twelve months: 12.9% against 6.32%. Phreesia, Inc. has the higher net margin (2.06% vs −28.5%) and the higher return on invested capital (1.74% vs 0.47%). Across the 18 metrics below, Phreesia, Inc. leads on 12 and Claritev Corporation on 6.

Valuation

Metric CTEV PHR Health Information Services median
P/E n/m 59.71 39.52
P/S 0.39 1.24 2.65
P/B n/m 1.69 2.32
Price to free cash flow n/m 9.30 16.77
EV/EBITDA 10.36 13.19 12.35
EV/Sales 5.06 1.39 3.06
Earnings yield (73.89%) 1.67% (1.68%)
Free cash flow yield (4.59%) 10.75% 0.54%

Profitability

Metric CTEV PHR Health Information Services median
Gross margin 72.97% 67.52% 63.38%
Operating margin 3.27% 2.47% (8.35%)
Net margin (28.46%) 2.06% (14.70%)
Free cash flow margin (1.80%) 13.30% 0.58%
Return on equity 172.76% 3.12% (6.82%)
Return on assets (5.76%) 1.98% (6.02%)
Return on invested capital 0.47% 1.74% 0.00%

Growth

Metric CTEV PHR Health Information Services median
Revenue growth (TTM) 6.32% 12.93% 8.62%
EPS growth (last fiscal year) 83.03% 103.92% —
Revenue growth, 5-year CAGR 0.58% 26.45% 12.36%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CTEV PHR Health Information Services median
Debt to equity (16.23) 0.41 0.01
Current ratio 1.00 1.76 2.37
Net debt to EBITDA 9.46 3.58 0.50

Dividend

Metric CTEV PHR Health Information Services median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric CTEV PHR Health Information Services median
Market cap 395.89m 620.71m 352.86m

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