Grid Dynamics Holdings, Inc. (GDYN) vs Keel Infrastructure Corp (KEEL)

Grid Dynamics Holdings, Inc. and Keel Infrastructure Corp are both Information Technology Services companies. Grid Dynamics Holdings, Inc. and Keel Infrastructure Corp are of similar size ($1.1B and $1.0B). Keel Infrastructure Corp has negative trailing earnings, so its P/E is not meaningful; Grid Dynamics Holdings, Inc. trades at 146×. Keel Infrastructure Corp grew revenue faster over the last twelve months: 25.5% against 6.59%. Grid Dynamics Holdings, Inc. has the higher net margin (1.81% vs −230.6%) and the higher return on invested capital (2.06% vs −32.8%). Across the 18 metrics below, Grid Dynamics Holdings, Inc. leads on 15 and Keel Infrastructure Corp on 3.

Valuation

Metric GDYN KEEL Information Technology Services median
P/E 146.27 n/m 16.12
P/S 2.45 6.05 1.14
P/B 2.03 3.46 1.73
Price to free cash flow 40.34 n/m 13.77
EV/EBITDA 22.31 n/m 9.89
EV/Sales 1.76 7.71 1.34
Earnings yield 0.68% (39.35%) 3.10%
Free cash flow yield 2.48% (20.49%) 0.06%

Profitability

Metric GDYN KEEL Information Technology Services median
Gross margin 36.53% (68.22%) 30.04%
Operating margin 1.67% (178.74%) 1.81%
Net margin 1.81% (230.59%) 0.79%
Free cash flow margin 6.08% (123.96%) 0.00%
Return on equity 1.48% (87.54%) 0.00%
Return on assets 1.29% (38.67%) 0.00%
Return on invested capital 2.06% (32.81%) 0.00%

Growth

Metric GDYN KEEL Information Technology Services median
Revenue growth (TTM) 6.59% 25.45% 4.85%
EPS growth (last fiscal year) 120.00% (660.23%) 3.57%
Revenue growth, 5-year CAGR 29.91% 45.88% 6.93%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GDYN KEEL Information Technology Services median
Debt to equity 0.00 3.13 0.31
Current ratio 7.34 16.26 1.69
Net debt to EBITDA (14.93) 65.01 0.55

Dividend

Metric GDYN KEEL Information Technology Services median
Dividend yield — — 1.97%
Payout ratio — — 0.29

Size

Metric GDYN KEEL Information Technology Services median
Market cap 1.09b 1.02b 1.02b

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