DeFi Technologies Inc. (DEFT) vs ProCap Financial, Inc. (SVIA)

DeFi Technologies Inc. and ProCap Financial, Inc. are both Capital Markets companies. ProCap Financial, Inc. is the larger, with a market value of $349.9M against $205.7M — 1.7× the size. ProCap Financial, Inc. has negative trailing earnings, so its P/E is not meaningful; DeFi Technologies Inc. trades at 8.3×. DeFi Technologies Inc. has the higher net margin (38.5% vs 0.00%) and the higher return on invested capital (51.1% vs −4.27%). Across the 12 metrics below, DeFi Technologies Inc. leads on 8 and ProCap Financial, Inc. on 4.

Valuation

Metric DEFT SVIA Capital Markets median
P/E 8.33 n/m 15.78
P/S 3.17 n/m 2.32
P/B 1.39 1.33 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA 5.35 n/m 8.87
EV/Sales 1.16 n/m 2.28
Earnings yield 12.00% (16,543,903.83%) (3.77%)
Free cash flow yield (42.01%) (4.18%) (1.49%)

Profitability

Metric DEFT SVIA Capital Markets median
Gross margin 100.00% — 62.80%
Operating margin 19.64% 0.00% 0.00%
Net margin 38.50% 0.00% (0.55%)
Free cash flow margin (133.16%) 0.00% 0.00%
Return on equity 22.98% 0.00% 0.00%
Return on assets 3.26% (96.78%) 0.00%
Return on invested capital 51.14% (4.27%) 0.00%

Growth

Metric DEFT SVIA Capital Markets median
Revenue growth (TTM) (8.13%) — 21.02%
EPS growth (last fiscal year) 288.89% — —
Revenue growth, 5-year CAGR — — 18.16%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric DEFT SVIA Capital Markets median
Debt to equity 0.00 0.35 0.08
Current ratio 1.14 0.18 1.51
Net debt to EBITDA (2.07) (2.91) (0.24)

Dividend

Metric DEFT SVIA Capital Markets median
Dividend yield — — 2.20%
Payout ratio — — 0.00

Size

Metric DEFT SVIA Capital Markets median
Market cap 205.69m 349.94m 724.58m

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