Immersion Corporation (IMMR) vs Silvaco Group, Inc. (SVCO)

Immersion Corporation and Silvaco Group, Inc. are both Software Application companies. Immersion Corporation and Silvaco Group, Inc. are of similar size ($237.1M and $223.0M). Silvaco Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Immersion Corporation trades at 19.9×. Silvaco Group, Inc. grew revenue faster over the last twelve months: 31.9% against −0.88%. Immersion Corporation has the higher net margin (0.60% vs −30.4%) and the higher return on invested capital (4.26% vs −22.8%). Across the 17 metrics below, Immersion Corporation leads on 13 and Silvaco Group, Inc. on 4.

Valuation

Metric IMMR SVCO Software Application median
P/E 19.86 n/m 25.41
P/S 0.13 2.83 2.73
P/B 0.41 2.45 2.57
Price to free cash flow 3.77 n/m 17.58
EV/EBITDA 1.93 n/m 15.36
EV/Sales 0.08 2.74 2.59
Earnings yield 5.04% (11.59%) 0.00%
Free cash flow yield 26.53% (16.74%) 2.24%

Profitability

Metric IMMR SVCO Software Application median
Gross margin 21.54% 83.12% 67.03%
Operating margin 1.86% (35.56%) 0.00%
Net margin 0.60% (30.44%) 0.00%
Free cash flow margin 3.53% (47.35%) 5.01%
Return on equity 1.87% (27.03%) 0.00%
Return on assets 0.85% (18.16%) 0.00%
Return on invested capital 4.26% (22.81%) 0.00%

Growth

Metric IMMR SVCO Software Application median
Revenue growth (TTM) (0.88%) 31.86% 12.48%
EPS growth (last fiscal year) (95.06%) 9.15% 32.26%
Revenue growth, 5-year CAGR 124.34% — 14.21%
Net income growth, 5-year CAGR (3.52%) — 0.00%

Health

Metric IMMR SVCO Software Application median
Debt to equity 0.22 0.00 0.02
Current ratio 2.14 1.72 1.52
Net debt to EBITDA (1.60) 0.43 0.08

Dividend

Metric IMMR SVCO Software Application median
Dividend yield 4.96% — 0.95%
Payout ratio 1.01 — 0.29

Size

Metric IMMR SVCO Software Application median
Market cap 237.09m 222.97m 357.77m

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