Global-e Online Ltd. (GLBE) vs Vipshop Holdings Limited (VIPS)

Global-e Online Ltd. and Vipshop Holdings Limited are both Internet Retail companies. Global-e Online Ltd. is the larger, with a market value of $6.9B against $4.9B — 1.4× the size. Vipshop Holdings Limited trades at the lower P/E: 4.0× against 44.1×. Global-e Online Ltd. grew revenue faster over the last twelve months: 31.4% against 5.97%. Global-e Online Ltd. has the higher net margin (13.9% vs 9.82%) and the lower return on invested capital (26.5% vs 34.2%). Across the 21 metrics below, Global-e Online Ltd. leads on 11 and Vipshop Holdings Limited on 10.

Valuation

Metric GLBE VIPS Internet Retail median
P/E 44.14 3.99 22.73
P/S 6.07 0.39 0.64
P/B 7.45 0.94 1.65
Price to free cash flow 23.20 1.51 14.11
EV/EBITDA 31.18 1.04 15.68
EV/Sales 5.59 0.08 0.76
Earnings yield 2.27% 25.04% (0.11%)
Free cash flow yield 4.31% 66.15% 0.00%

Profitability

Metric GLBE VIPS Internet Retail median
Gross margin 45.22% 23.40% 43.51%
Operating margin 14.25% 7.77% 0.08%
Net margin 13.87% 9.82% 0.56%
Free cash flow margin 26.16% 0.00% 0.00%
Return on equity 16.96% 0.00% 0.00%
Return on assets 11.96% 13.21% 0.00%
Return on invested capital 26.46% 34.20% 0.00%

Growth

Metric GLBE VIPS Internet Retail median
Revenue growth (TTM) 31.40% 5.97% 10.60%
EPS growth (last fiscal year) 186.67% 2.54% —
Revenue growth, 5-year CAGR 47.81% (0.60%) 10.81%
Net income growth, 5-year CAGR 148.19% 2.73% 0.00%

Health

Metric GLBE VIPS Internet Retail median
Debt to equity 0.00 0.00 0.13
Current ratio 2.07 1.28 1.49
Net debt to EBITDA (3.93) (3.01) (0.25)

Dividend

Metric GLBE VIPS Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric GLBE VIPS Internet Retail median
Market cap 6.87b 4.92b 443.85m

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