Grab Holdings Limited (GRAB) vs Unity Software Inc. (U)

Grab Holdings Limited and Unity Software Inc. are both Software Application companies. Unity Software Inc. is the larger, with a market value of $18.2B against $12.8B — 1.4× the size. Unity Software Inc. has negative trailing earnings, so its P/E is not meaningful; Grab Holdings Limited trades at 22.4×. Grab Holdings Limited grew revenue faster over the last twelve months: 21.4% against 14.0%. Grab Holdings Limited has the higher net margin (16.0% vs −29.0%) and the higher return on invested capital (2.55% vs −13.2%). Across the 18 metrics below, Grab Holdings Limited leads on 14 and Unity Software Inc. on 4.

Valuation

Metric GRAB U Software Application median
P/E 22.36 n/m 24.79
P/S 3.43 8.97 2.67
P/B 1.78 5.98 3.01
Price to free cash flow n/m 34.80 16.59
EV/EBITDA 26.21 n/m 14.40
EV/Sales 2.28 8.91 2.62
Earnings yield 4.47% (3.27%) 0.00%
Free cash flow yield (1.32%) 2.87% 1.91%

Profitability

Metric GRAB U Software Application median
Gross margin 43.62% 64.85% 67.03%
Operating margin 3.22% (30.37%) 0.00%
Net margin 16.01% (28.97%) 0.00%
Free cash flow margin (4.53%) 26.54% 4.32%
Return on equity 8.80% (18.85%) 0.00%
Return on assets 4.86% (8.78%) 0.00%
Return on invested capital 2.55% (13.16%) 0.00%

Growth

Metric GRAB U Software Application median
Revenue growth (TTM) 21.42% 13.98% 12.40%
EPS growth (last fiscal year) 300.00% 42.86% —
Revenue growth, 5-year CAGR 48.35% 19.08% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GRAB U Software Application median
Debt to equity 0.28 0.74 0.02
Current ratio 1.52 2.03 1.55
Net debt to EBITDA (19.63) (9.91) 0.06

Dividend

Metric GRAB U Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric GRAB U Software Application median
Market cap 12.77b 18.19b 396.11m

Compare with another peer

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