Grab Holdings Limited (GRAB) vs Procore Technologies, Inc. (PCOR)

Grab Holdings Limited and Procore Technologies, Inc. are both Software Application companies. Grab Holdings Limited is the larger, with a market value of $14.2B against $11.5B — 1.2× the size. Procore Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Grab Holdings Limited trades at 25.9×. Grab Holdings Limited grew revenue faster over the last twelve months: 22.9% against 16.5%. Grab Holdings Limited has the higher net margin (14.8% vs −2.31%) and the higher return on invested capital (3.43% vs −8.14%). Across the 19 metrics below, Grab Holdings Limited leads on 15 and Procore Technologies, Inc. on 4.

Valuation

Metric GRAB PCOR Software Application median
P/E 25.89 n/m 25.90
P/S 3.58 7.71 3.04
P/B 1.96 10.56 2.60
Price to free cash flow n/m 39.91 17.17
EV/EBITDA 24.92 182.34 15.48
EV/Sales 2.67 7.30 2.89
Earnings yield 3.86% (0.30%) 0.00%
Free cash flow yield (0.01%) 2.51% 1.98%

Profitability

Metric GRAB PCOR Software Application median
Gross margin 44.39% 80.15% 66.89%
Operating margin 5.06% (4.13%) 0.00%
Net margin 14.79% (2.31%) 0.00%
Free cash flow margin (0.05%) 25.25% 5.77%
Return on equity 8.53% (2.98%) 0.00%
Return on assets 4.59% (1.34%) 0.00%
Return on invested capital 3.43% (8.14%) 0.00%

Growth

Metric GRAB PCOR Software Application median
Revenue growth (TTM) 22.92% 16.50% 12.27%
EPS growth (last fiscal year) 300.00% 6.94% 32.11%
Revenue growth, 5-year CAGR 48.35% 27.00% 14.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GRAB PCOR Software Application median
Debt to equity 0.29 0.00 0.02
Current ratio 1.38 1.06 1.53
Net debt to EBITDA (19.63) 53.89 0.09

Dividend

Metric GRAB PCOR Software Application median
Dividend yield — — 1.10%
Payout ratio — — 0.28

Size

Metric GRAB PCOR Software Application median
Market cap 14.16b 11.49b 487.58m

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