Amdocs Limited (DOX) vs Tenable Holdings, Inc. (TENB)

Amdocs Limited and Tenable Holdings, Inc. are both Software Infrastructure companies. Amdocs Limited and Tenable Holdings, Inc. are of similar size ($4.7B and $4.6B). Amdocs Limited trades at the lower P/E: 10.4× against 333×. Tenable Holdings, Inc. grew revenue faster over the last twelve months: 9.53% against 0.14%. Amdocs Limited has the higher net margin (9.56% vs 1.48%) and the lower return on invested capital (9.39% vs 11.3%). Across the 21 metrics below, Amdocs Limited leads on 13 and Tenable Holdings, Inc. on 8.

Valuation

Metric DOX TENB Software Infrastructure median
P/E 10.41 333.36 24.43
P/S 0.98 4.53 2.81
P/B 1.37 n/m 2.88
Price to free cash flow 7.12 18.11 17.94
EV/EBITDA 6.46 58.42 14.51
EV/Sales 1.16 4.80 2.91
Earnings yield 9.61% 0.30% 0.00%
Free cash flow yield 14.05% 5.52% 0.49%

Profitability

Metric DOX TENB Software Infrastructure median
Gross margin 38.28% 78.11% 57.45%
Operating margin 13.47% 4.37% 0.00%
Net margin 9.56% 1.48% 0.00%
Free cash flow margin 13.73% 25.01% 0.00%
Return on equity 12.95% 9.93% 0.00%
Return on assets 6.98% 0.92% 0.00%
Return on invested capital 9.39% 11.34% 0.00%

Growth

Metric DOX TENB Software Infrastructure median
Revenue growth (TTM) 0.14% 9.53% 14.28%
EPS growth (last fiscal year) 18.82% 3.23% 18.26%
Revenue growth, 5-year CAGR 1.69% 17.82% 16.15%
Net income growth, 5-year CAGR 2.32% 0.00% 0.00%

Health

Metric DOX TENB Software Infrastructure median
Debt to equity 0.32 (29.43) 0.02
Current ratio 0.94 1.04 1.53
Net debt to EBITDA 0.50 (1.54) 0.05

Dividend

Metric DOX TENB Software Infrastructure median
Dividend yield 5.09% — 1.06%
Payout ratio 0.53 — 0.29

Size

Metric DOX TENB Software Infrastructure median
Market cap 4.71b 4.62b 661.51m

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