Currenc Group Inc. (CURR) vs Rimini Street, Inc. (RMNI)

Currenc Group Inc. and Rimini Street, Inc. are both Software Application companies. Rimini Street, Inc. is the larger, with a market value of $399.6M against $338.0M — 1.2× the size. Currenc Group Inc. has negative trailing earnings, so its P/E is not meaningful; Rimini Street, Inc. trades at 50.2×. Rimini Street, Inc. grew revenue faster over the last twelve months: 0.60% against −18.6%. Rimini Street, Inc. has the higher net margin (1.69% vs −48.7%) and the higher return on invested capital (0.00% vs 0.00%). Across the 16 metrics below, Rimini Street, Inc. leads on 13 and Currenc Group Inc. on 3.

Valuation

Metric CURR RMNI Software Application median
P/E n/m 50.24 24.79
P/S 4.88 0.91 2.67
P/B 9.89 n/m 3.01
Price to free cash flow 24.97 6.14 16.59
EV/EBITDA n/m 10.44 14.40
EV/Sales 3.32 0.74 2.62
Earnings yield (10.00%) 1.99% 0.00%
Free cash flow yield 4.00% 16.29% 1.91%

Profitability

Metric CURR RMNI Software Application median
Gross margin 40.77% 60.07% 67.03%
Operating margin (20.99%) 4.78% 0.00%
Net margin (48.74%) 1.69% 0.00%
Free cash flow margin 19.53% 14.86% 4.32%
Return on equity 159.54% (31.72%) 0.00%
Return on assets (16.85%) 1.85% 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric CURR RMNI Software Application median
Revenue growth (TTM) (18.57%) 0.60% 12.40%
EPS growth (last fiscal year) 70.87% 197.50% —
Revenue growth, 5-year CAGR — 5.22% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CURR RMNI Software Application median
Debt to equity 0.88 (2.79) 0.02
Current ratio 1.12 0.84 1.55
Net debt to EBITDA 17.44 (0.76) 0.06

Dividend

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

Size

Metric CURR RMNI Software Application median
Market cap 337.97m 399.56m 396.11m

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