Elastic N.V. (ESTC) vs InterDigital, Inc. (IDCC)

Elastic N.V. and InterDigital, Inc. are both Software Application companies. Elastic N.V. is the larger, with a market value of $10.2B against $8.5B — 1.2× the size. Elastic N.V. trades at the lower P/E: 25.4× against 27.2×. Elastic N.V. grew revenue faster over the last twelve months: 16.2% against −11.7%. InterDigital, Inc. has the higher net margin (38.3% vs 20.8%) and the higher return on invested capital (45.0% vs −7.35%). Across the 22 metrics below, InterDigital, Inc. leads on 12 and Elastic N.V. on 10.

Valuation

Metric ESTC IDCC Software Application median
P/E 25.41 27.22 25.41
P/S 5.33 10.46 2.73
P/B 7.40 6.86 2.57
Price to free cash flow 27.50 22.22 17.58
EV/EBITDA 106.84 17.76 15.36
EV/Sales 4.83 9.54 2.59
Earnings yield 3.94% 3.67% 0.00%
Free cash flow yield 3.64% 4.50% 2.24%

Profitability

Metric ESTC IDCC Software Application median
Gross margin 75.50% 100.00% 67.03%
Operating margin (2.64%) 43.77% 0.00%
Net margin 20.84% 38.32% 0.00%
Free cash flow margin 19.37% 62.98% 5.01%
Return on equity 33.12% 26.40% 0.00%
Return on assets 13.60% 14.47% 0.00%
Return on invested capital (7.35%) 45.04% 0.00%

Growth

Metric ESTC IDCC Software Application median
Revenue growth (TTM) 16.18% (11.66%) 12.48%
EPS growth (last fiscal year) 429.81% (2.24%) 32.26%
Revenue growth, 5-year CAGR 23.37% 18.36% 14.21%
Net income growth, 5-year CAGR 0.00% 55.45% 0.00%

Health

Metric ESTC IDCC Software Application median
Debt to equity 0.44 0.32 0.02
Current ratio 1.81 1.74 1.52
Net debt to EBITDA (9.19) (1.43) 0.08

Dividend

Metric ESTC IDCC Software Application median
Dividend yield — 0.89% 0.95%
Payout ratio — 0.33 0.29

Size

Metric ESTC IDCC Software Application median
Market cap 10.21b 8.47b 357.77m

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