Dave Inc. (DAVE) vs Klaviyo, Inc. (KVYO)

Dave Inc. and Klaviyo, Inc. are both Software Application companies. Dave Inc. and Klaviyo, Inc. are of similar size ($4.6B and $4.2B). Dave Inc. trades at the lower P/E: 19.6× against 849×. Dave Inc. grew revenue faster over the last twelve months: 48.6% against 28.9%. Dave Inc. has the higher net margin (34.6% vs 0.49%) and the higher return on invested capital (62.1% vs −12.1%). Across the 20 metrics below, Dave Inc. leads on 15 and Klaviyo, Inc. on 5.

Valuation

Metric DAVE KVYO Software Application median
P/E 19.61 849.46 24.79
P/S 6.42 3.38 2.67
P/B 19.88 4.85 3.01
Price to free cash flow 12.95 19.84 16.59
EV/EBITDA 18.05 44.31 14.40
EV/Sales 6.44 2.78 2.62
Earnings yield 5.10% 0.12% 0.00%
Free cash flow yield 7.72% 5.04% 1.91%

Profitability

Metric DAVE KVYO Software Application median
Gross margin 100.00% 73.79% 67.03%
Operating margin 34.52% (1.86%) 0.00%
Net margin 34.59% 0.49% 0.00%
Free cash flow margin 49.59% 17.01% 4.32%
Return on equity 104.78% 0.66% 0.00%
Return on assets 47.66% 0.49% 0.00%
Return on invested capital 62.13% (12.11%) 0.00%

Growth

Metric DAVE KVYO Software Application median
Revenue growth (TTM) 48.63% 28.89% 12.40%
EPS growth (last fiscal year) 222.91% 35.29% —
Revenue growth, 5-year CAGR — — 13.72%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric DAVE KVYO Software Application median
Debt to equity 1.29 0.00 0.02
Current ratio 4.22 3.13 1.55
Net debt to EBITDA (0.24) (31.63) 0.06

Dividend

Metric DAVE KVYO Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 — 0.00

Size

Metric DAVE KVYO Software Application median
Market cap 4.23b 4.56b 396.11m

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