Harmonic Inc. (HLIT) vs Vistance Networks, Inc. (VISN)

Harmonic Inc. and Vistance Networks, Inc. are both Communication Equipment companies. Vistance Networks, Inc. is the larger, with a market value of $1.3B against $1.0B — 1.2× the size. Harmonic Inc. has negative trailing earnings, so its P/E is not meaningful; Vistance Networks, Inc. trades at 0.2×. Vistance Networks, Inc. grew revenue faster over the last twelve months: 9.66% against −16.0%. Vistance Networks, Inc. has the higher net margin (396.4% vs −7.81%) and the lower return on invested capital (1.85% vs 15.9%). Across the 19 metrics below, Vistance Networks, Inc. leads on 13 and Harmonic Inc. on 6.

Valuation

Metric HLIT VISN Communication Equipment median
P/E n/m 0.17 29.86
P/S 2.27 0.68 1.68
P/B 2.72 0.50 1.72
Price to free cash flow n/m 14.31 21.71
EV/EBITDA 7.61 37.70 14.04
EV/Sales 2.03 5.32 1.76
Earnings yield (3.26%) 586.68% (0.87%)
Free cash flow yield (2.42%) 6.99% 0.68%

Profitability

Metric HLIT VISN Communication Equipment median
Gross margin 49.29% 52.50% 39.34%
Operating margin 15.15% 3.89% 2.43%
Net margin (7.81%) 396.37% (0.64%)
Free cash flow margin (5.50%) 4.77% 0.27%
Return on equity (8.60%) 22,155.21% 0.00%
Return on assets (5.22%) 128.51% (0.10%)
Return on invested capital 15.85% 1.85% 1.29%

Growth

Metric HLIT VISN Communication Equipment median
Revenue growth (TTM) (16.04%) 9.66% 9.66%
EPS growth (last fiscal year) (215.15%) 641.01% 31.29%
Revenue growth, 5-year CAGR (0.99%) (25.53%) 4.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HLIT VISN Communication Equipment median
Debt to equity 0.10 0.00 0.05
Current ratio 2.43 2.57 1.99
Net debt to EBITDA (0.15) 20.04 0.93

Dividend

Metric HLIT VISN Communication Equipment median
Dividend yield — 364.96% 1.10%
Payout ratio — 0.65 0.44

Size

Metric HLIT VISN Communication Equipment median
Market cap 1.01b 1.25b 495.24m

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