Here Group Limited (HERE) vs TruGolf Holdings, Inc. (TRUG)

Here Group Limited and TruGolf Holdings, Inc. are both Leisure companies. Here Group Limited is the larger, with a market value of $66.1M against $1.8M — 36.1× the size. TruGolf Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Here Group Limited trades at 2.0×. TruGolf Holdings, Inc. grew revenue faster over the last twelve months: −8.22% against −64.0%. Here Group Limited has the higher net margin (31.1% vs −55.3%) and the higher return on invested capital (4.70% vs 0.00%). Across the 17 metrics below, Here Group Limited leads on 12 and TruGolf Holdings, Inc. on 5.

Valuation

Metric HERE TRUG Leisure median
P/E 1.97 n/m 17.42
P/S 0.59 0.02 1.02
P/B 0.78 0.16 2.13
Price to free cash flow 0.91 n/m 11.49
EV/EBITDA n/m 2.03 9.97
EV/Sales (0.04) (0.30) 2.00
Earnings yield 50.89% (2,020.71%) 2.85%
Free cash flow yield 109.93% (1,700.52%) 3.64%

Profitability

Metric HERE TRUG Leisure median
Gross margin 57.96% 51.92% 48.02%
Operating margin 0.92% (22.41%) 3.08%
Net margin 31.14% (55.26%) 2.58%
Free cash flow margin 0.00% (28.51%) 2.13%
Return on equity 42.26% (349.27%) 0.00%
Return on assets 22.16% (52.56%) 0.05%
Return on invested capital 4.70% 0.00% 3.95%

Growth

Metric HERE TRUG Leisure median
Revenue growth (TTM) (64.02%) (8.22%) 3.28%
EPS growth (last fiscal year) (80.67%) 86.48% —
Revenue growth, 5-year CAGR (19.84%) — 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HERE TRUG Leisure median
Debt to equity 0.00 1.01 0.02
Current ratio 4.82 0.84 1.76
Net debt to EBITDA 2.07 2.11 1.85

Dividend

Metric HERE TRUG Leisure median
Dividend yield — — 2.86%
Payout ratio — 0.00 0.00

Size

Metric HERE TRUG Leisure median
Market cap 66.08m 1.83m 293.27m

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