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 $1.5B against $1.2B — 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: 1,333.2% against 11.2%. Vistance Networks, Inc. has the higher net margin (359.2% vs −10.6%) and the lower return on invested capital (1.85% vs 13.6%). Across the 20 metrics below, Vistance Networks, Inc. leads on 11 and Harmonic Inc. on 9.

Valuation

Metric HLIT VISN Communication Equipment median
P/E n/m 0.19 33.61
P/S 2.70 0.70 2.16
P/B 3.32 0.56 2.40
Price to free cash flow 22.19 16.25 25.02
EV/EBITDA 8.94 38.36 13.78
EV/Sales 2.42 4.91 2.27
Earnings yield (3.81%) 516.88% (0.65%)
Free cash flow yield 4.51% 6.15% 1.61%

Profitability

Metric HLIT VISN Communication Equipment median
Gross margin 50.01% 47.58% 39.47%
Operating margin 11.69% 3.53% 2.39%
Net margin (10.62%) 359.19% (0.74%)
Free cash flow margin 12.14% 4.32% 1.39%
Return on equity (11.69%) 22,155.21% (1.91%)
Return on assets (6.66%) 128.51% (0.20%)
Return on invested capital 13.56% 1.85% 0.72%

Growth

Metric HLIT VISN Communication Equipment median
Revenue growth (TTM) 11.19% 1,333.21% 11.48%
EPS growth (last fiscal year) (215.15%) 641.01% —
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 0.31 0.00 0.06
Current ratio 3.05 2.57 2.01
Net debt to EBITDA (0.15) 20.04 0.67

Dividend

Metric HLIT VISN Communication Equipment median
Dividend yield — — 2.63%
Payout ratio 0.00 0.00 0.00

Size

Metric HLIT VISN Communication Equipment median
Market cap 1.21b 1.45b 563.45m

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