Grid Dynamics Holdings, Inc. (GDYN) vs IBEX Limited (IBEX)

Grid Dynamics Holdings, Inc. and IBEX Limited are both Information Technology Services companies. Grid Dynamics Holdings, Inc. and IBEX Limited are of similar size ($608.5M and $573.9M). IBEX Limited trades at the lower P/E: 13.0× against 283×. IBEX Limited grew revenue faster over the last twelve months: 15.4% against 8.57%. IBEX Limited has the higher net margin (7.19% vs 0.68%) and the higher return on invested capital (24.7% vs −0.60%). Across the 22 metrics below, IBEX Limited leads on 14 and Grid Dynamics Holdings, Inc. on 8.

Valuation

Metric GDYN IBEX Information Technology Services median
P/E 282.85 12.95 14.63
P/S 1.51 0.93 1.13
P/B 1.23 3.52 2.10
Price to free cash flow 39.85 20.17 10.11
EV/EBITDA 14.59 7.59 8.56
EV/Sales 0.82 0.88 1.20
Earnings yield 0.35% 7.72% 4.56%
Free cash flow yield 2.51% 4.96% 4.37%

Profitability

Metric GDYN IBEX Information Technology Services median
Gross margin 34.72% 29.17% 31.05%
Operating margin (0.51%) 8.53% 3.30%
Net margin 0.68% 7.19% 2.09%
Free cash flow margin 3.79% 4.84% 0.00%
Return on equity 0.54% 30.43% 4.12%
Return on assets 0.47% 15.91% 0.61%
Return on invested capital (0.60%) 24.66% 0.57%

Growth

Metric GDYN IBEX Information Technology Services median
Revenue growth (TTM) 8.57% 15.37% 7.12%
EPS growth (last fiscal year) 120.00% 32.63% —
Revenue growth, 5-year CAGR 14.28% 7.74% 7.71%
Net income growth, 5-year CAGR 0.00% 74.70% 0.00%

Health

Metric GDYN IBEX Information Technology Services median
Debt to equity 0.00 0.01 0.45
Current ratio 7.22 2.10 1.66
Net debt to EBITDA (14.93) (0.41) 0.44

Dividend

Metric GDYN IBEX Information Technology Services median
Dividend yield — — 1.21%
Payout ratio 0.00 0.00 0.00

Size

Metric GDYN IBEX Information Technology Services median
Market cap 608.45m 573.90m 1.36b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack