Flywire Corporation (FLYW) vs Payoneer Global Inc. (PAYO)

Flywire Corporation and Payoneer Global Inc. are both Software Infrastructure companies. Flywire Corporation and Payoneer Global Inc. are of similar size ($2.4B and $2.4B). Payoneer Global Inc. trades at the lower P/E: 49.9× against 68.3×. Flywire Corporation grew revenue faster over the last twelve months: 32.2% against 6.31%. Flywire Corporation has the higher net margin (4.77% vs 4.65%) and the lower return on invested capital (4.70% vs 23.2%). Across the 19 metrics below, Flywire Corporation leads on 11 and Payoneer Global Inc. on 8.

Valuation

Metric FLYW PAYO Software Infrastructure median
P/E 68.30 49.86 28.38
P/S 3.16 2.22 2.98
P/B 2.76 3.68 2.93
Price to free cash flow 14.69 20.75 16.28
EV/EBITDA 28.01 10.99 13.92
EV/Sales 2.78 1.91 2.90
Earnings yield 1.46% 2.01% 0.14%
Free cash flow yield 6.81% 4.82% 1.24%

Profitability

Metric FLYW PAYO Software Infrastructure median
Gross margin 100.00% 100.00% 61.00%
Operating margin 5.51% 10.38% 0.00%
Net margin 4.77% 4.65% 0.00%
Free cash flow margin 21.54% 10.71% 1.67%
Return on equity 4.23% 7.06% 0.60%
Return on assets 2.99% 0.60% 0.00%
Return on invested capital 4.70% 23.19% 0.00%

Growth

Metric FLYW PAYO Software Infrastructure median
Revenue growth (TTM) 32.21% 6.31% 13.41%
EPS growth (last fiscal year) 450.00% (38.71%) 27.10%
Revenue growth, 5-year CAGR 36.44% 24.96% 15.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FLYW PAYO Software Infrastructure median
Debt to equity 0.00 0.00 0.05
Current ratio 1.52 1.00 1.55
Net debt to EBITDA (9.18) (2.22) 0.08

Dividend

Metric FLYW PAYO Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric FLYW PAYO Software Infrastructure median
Market cap 2.35b 2.42b 752.37m

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