Global-e Online Ltd. (GLBE) vs Wayfair Inc. (W)

Global-e Online Ltd. and Wayfair Inc. are both Internet Retail companies. Wayfair Inc. is the larger, with a market value of $13.4B against $6.9B — 1.9× the size. Wayfair Inc. has negative trailing earnings, so its P/E is not meaningful; Global-e Online Ltd. trades at 44.1×. Global-e Online Ltd. grew revenue faster over the last twelve months: 31.4% against 7.46%. Global-e Online Ltd. has the higher net margin (13.9% vs −2.49%) and the higher return on invested capital (26.5% vs 0.00%). Across the 20 metrics below, Global-e Online Ltd. leads on 14 and Wayfair Inc. on 6.

Valuation

Metric GLBE W Internet Retail median
P/E 44.14 n/m 22.73
P/S 6.07 1.01 0.64
P/B 7.45 n/m 1.65
Price to free cash flow 23.20 23.08 14.11
EV/EBITDA 31.18 29.25 15.68
EV/Sales 5.59 1.13 0.76
Earnings yield 2.27% (2.50%) (0.11%)
Free cash flow yield 4.31% 4.33% 0.00%

Profitability

Metric GLBE W Internet Retail median
Gross margin 45.22% 30.05% 43.51%
Operating margin 14.25% 1.67% 0.08%
Net margin 13.87% (2.49%) 0.56%
Free cash flow margin 26.16% 4.36% 0.00%
Return on equity 16.96% 11.66% 0.00%
Return on assets 11.96% (10.26%) 0.00%
Return on invested capital 26.46% 0.00% 0.00%

Growth

Metric GLBE W Internet Retail median
Revenue growth (TTM) 31.40% 7.46% 10.60%
EPS growth (last fiscal year) 186.67% 39.15% —
Revenue growth, 5-year CAGR 47.81% (2.51%) 10.81%
Net income growth, 5-year CAGR 148.19% 0.00% 0.00%

Health

Metric GLBE W Internet Retail median
Debt to equity 0.00 (1.00) 0.13
Current ratio 2.07 0.74 1.49
Net debt to EBITDA (3.93) 5.11 (0.25)

Dividend

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

Size

Metric GLBE W Internet Retail median
Market cap 6.87b 13.38b 443.85m

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