Currenc Group Inc. (CURR) vs Ribbon Communications Inc. (RBBN)

Currenc Group Inc. and Ribbon Communications Inc. are both Software Application companies. Currenc Group Inc. and Ribbon Communications Inc. are of similar size ($338.0M and $325.5M). Currenc Group Inc. has negative trailing earnings, so its P/E is not meaningful; Ribbon Communications Inc. trades at 20.0×. Ribbon Communications Inc. grew revenue faster over the last twelve months: −7.62% against −18.6%. Ribbon Communications Inc. has the higher net margin (1.96% vs −48.7%) and the lower return on invested capital (−2.94% vs 0.00%). Across the 19 metrics below, Ribbon Communications Inc. leads on 13 and Currenc Group Inc. on 6.

Valuation

Metric CURR RBBN Software Application median
P/E n/m 20.00 24.79
P/S 4.88 0.40 2.67
P/B 9.89 0.81 3.01
Price to free cash flow 24.97 46.93 16.59
EV/EBITDA n/m 19.71 14.40
EV/Sales 3.32 0.76 2.62
Earnings yield (10.00%) 5.00% 0.00%
Free cash flow yield 4.00% 2.13% 1.91%

Profitability

Metric CURR RBBN Software Application median
Gross margin 40.77% 48.78% 67.03%
Operating margin (20.99%) (3.99%) 0.00%
Net margin (48.74%) 1.96% 0.00%
Free cash flow margin 19.53% 0.85% 4.32%
Return on equity 159.54% 4.09% 0.00%
Return on assets (16.85%) 1.37% 0.00%
Return on invested capital 0.00% (2.94%) 0.00%

Growth

Metric CURR RBBN Software Application median
Revenue growth (TTM) (18.57%) (7.62%) 12.40%
EPS growth (last fiscal year) 70.87% 170.97% —
Revenue growth, 5-year CAGR — 0.02% 13.72%
Net income growth, 5-year CAGR 0.00% (14.86%) 0.00%

Health

Metric CURR RBBN Software Application median
Debt to equity 0.88 0.84 0.02
Current ratio 1.12 1.31 1.55
Net debt to EBITDA 17.44 3.89 0.06

Dividend

Metric CURR RBBN Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric CURR RBBN Software Application median
Market cap 337.97m 325.46m 396.11m

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