Fold Holdings, Inc. (FLD) vs The9 Limited (NCTY)

Fold Holdings, Inc. and The9 Limited are both Capital Markets companies. The9 Limited is the larger, with a market value of $38.6M against $26.6M — 1.5× the size. Fold Holdings, Inc. grew revenue faster over the last twelve months: −2.54% against −8.79%. The9 Limited has the higher net margin (−152.8% vs −258.6%) and the higher return on invested capital (0.00% vs −112.3%). Across the 16 metrics below, Fold Holdings, Inc. leads on 9 and The9 Limited on 7.

Valuation

Metric FLD NCTY Capital Markets median
P/E n/m n/m 14.35
P/S 0.90 1.02 2.07
P/B 0.81 0.31 1.36
Price to free cash flow 0.89 n/m 9.28
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (314.29%) (1,096.35%) (8.28%)
Free cash flow yield 112.72% (490.70%) (1.12%)

Profitability

Metric FLD NCTY Capital Markets median
Gross margin 6.75% (32.19%) 68.15%
Operating margin (97.49%) 0.00% 0.00%
Net margin (258.60%) (152.80%) (0.34%)
Free cash flow margin 101.46% (424.18%) 0.00%
Return on equity (121.82%) (133.93%) 0.00%
Return on assets (62.20%) (41.27%) 0.00%
Return on invested capital (112.28%) 0.00% 0.00%

Growth

Metric FLD NCTY Capital Markets median
Revenue growth (TTM) (2.54%) (8.79%) 19.72%
EPS growth (last fiscal year) 85.20% (253.02%) 16.79%
Revenue growth, 5-year CAGR — 176.25% 17.41%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLD NCTY Capital Markets median
Debt to equity 0.40 0.35 0.07
Current ratio 1.84 2.57 1.51
Net debt to EBITDA (2.68) 0.33 (0.03)

Dividend

Metric FLD NCTY Capital Markets median
Dividend yield — — 1.58%
Payout ratio — — 0.19

Size

Metric FLD NCTY Capital Markets median
Market cap 26.57m 38.63m 527.01m

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