Amdocs Limited (DOX) vs Qualys, Inc. (QLYS)

Amdocs Limited and Qualys, Inc. are both Software Infrastructure companies. Amdocs Limited and Qualys, Inc. are of similar size ($6.3B and $6.2B). Amdocs Limited trades at the lower P/E: 13.7× against 29.7×. Qualys, Inc. grew revenue faster over the last twelve months: 10.4% against 0.14%. Qualys, Inc. has the higher net margin (29.4% vs 9.56%) and the higher return on invested capital (111.1% vs 9.39%). Across the 22 metrics below, Qualys, Inc. leads on 13 and Amdocs Limited on 9.

Valuation

Metric DOX QLYS Software Infrastructure median
P/E 13.67 29.70 28.02
P/S 1.28 8.57 3.07
P/B 1.79 10.72 3.36
Price to free cash flow 9.34 19.82 17.12
EV/EBITDA 8.17 22.25 14.91
EV/Sales 1.46 7.97 3.03
Earnings yield 7.32% 3.37% 0.13%
Free cash flow yield 10.71% 5.05% 1.15%

Profitability

Metric DOX QLYS Software Infrastructure median
Gross margin 38.28% 83.33% 61.23%
Operating margin 13.47% 34.36% 0.00%
Net margin 9.56% 29.38% 0.00%
Free cash flow margin 13.73% 44.66% 1.67%
Return on equity 12.95% 38.59% 0.59%
Return on assets 6.98% 19.92% 0.00%
Return on invested capital 9.39% 111.08% 0.00%

Growth

Metric DOX QLYS Software Infrastructure median
Revenue growth (TTM) 0.14% 10.35% 13.41%
EPS growth (last fiscal year) 18.82% 16.99% —
Revenue growth, 5-year CAGR 1.69% 13.01% 15.81%
Net income growth, 5-year CAGR 2.32% 16.71% 0.00%

Health

Metric DOX QLYS Software Infrastructure median
Debt to equity 0.32 0.00 0.06
Current ratio 0.94 1.38 1.55
Net debt to EBITDA 0.50 (1.91) 0.08

Dividend

Metric DOX QLYS Software Infrastructure median
Dividend yield 1.98% — 1.53%
Payout ratio 0.36 0.00 0.00

Size

Metric DOX QLYS Software Infrastructure median
Market cap 6.22b 6.33b 835.96m

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