Immersion Corporation (IMMR) vs Kaltura, Inc. (KLTR)

Immersion Corporation and Kaltura, Inc. are both Software Application companies. Immersion Corporation and Kaltura, Inc. are of similar size ($225.8M and $221.5M). Kaltura, Inc. has negative trailing earnings, so its P/E is not meaningful; Immersion Corporation trades at 19.3×. Immersion Corporation grew revenue faster over the last twelve months: 4.12% against −0.23%. Immersion Corporation has the higher net margin (0.60% vs −6.92%) and the higher return on invested capital (4.26% vs 0.00%). Across the 21 metrics below, Immersion Corporation leads on 16 and Kaltura, Inc. on 5.

Valuation

Metric IMMR KLTR Software Application median
P/E 19.34 n/m 26.44
P/S 0.13 1.25 2.90
P/B 0.40 133.45 2.60
Price to free cash flow 3.67 22.17 17.04
EV/EBITDA 1.85 19.43 15.48
EV/Sales 0.08 1.36 3.00
Earnings yield 5.17% (6.16%) 0.20%
Free cash flow yield 27.24% 4.51% 1.96%

Profitability

Metric IMMR KLTR Software Application median
Gross margin 21.54% 72.05% 67.34%
Operating margin 1.86% (1.45%) 0.00%
Net margin 0.60% (6.92%) 0.00%
Free cash flow margin 3.53% 5.71% 5.77%
Return on equity 1.87% (134.25%) 0.00%
Return on assets 0.85% (7.40%) 0.00%
Return on invested capital 4.26% 0.00% 0.00%

Growth

Metric IMMR KLTR Software Application median
Revenue growth (TTM) 4.12% (0.23%) 12.12%
EPS growth (last fiscal year) (92.63%) 61.90% 32.44%
Revenue growth, 5-year CAGR 124.34% 8.47% 14.34%
Net income growth, 5-year CAGR (3.52%) 0.00% 0.00%

Health

Metric IMMR KLTR Software Application median
Debt to equity 0.22 15.70 0.04
Current ratio 2.14 0.56 1.53
Net debt to EBITDA (1.60) (2.13) 0.09

Dividend

Metric IMMR KLTR Software Application median
Dividend yield 4.43% — 1.07%
Payout ratio 0.88 — 0.28

Size

Metric IMMR KLTR Software Application median
Market cap 221.49m 225.78m 383.88m

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