IX Acquisition Corp. (IXAQF) vs Papaya Growth Opportunity Corp. I (PPYA)

IX Acquisition Corp. and Papaya Growth Opportunity Corp. I are both Shell Companies companies. IX Acquisition Corp. and Papaya Growth Opportunity Corp. I are of similar size ($99.5M and $97.3M). Papaya Growth Opportunity Corp. I has negative trailing earnings, so its P/E is not meaningful; IX Acquisition Corp. trades at 25.6×. Across the 8 metrics below, IX Acquisition Corp. leads on 4 and Papaya Growth Opportunity Corp. I on 4.

Valuation

Metric IXAQF PPYA Shell Companies median
P/E 25.56 n/m 39.97
P/S n/m n/m 12.19
P/B 2.89 n/m 2.01
Price to free cash flow n/m n/m 28.89
EV/EBITDA n/m n/m —
EV/Sales n/m n/m —
Earnings yield 3.91% (8.99%) 1.63%
Free cash flow yield (0.52%) (0.17%) (0.79%)

Profitability

Metric IXAQF PPYA Shell Companies median
Gross margin — — 71.01%
Operating margin — 0.00% 0.00%
Net margin 0.00% 0.00% 0.00%
Free cash flow margin 0.00% 0.00% 0.00%
Return on equity 4.25% 16.08% 1.91%
Return on assets 3.91% (56.69%) 2.03%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric IXAQF PPYA Shell Companies median
Revenue growth (TTM) — — —
EPS growth (last fiscal year) 0.00% (694.93%) —
Revenue growth, 5-year CAGR — — —
Net income growth, 5-year CAGR — — 0.00%

Health

Metric IXAQF PPYA Shell Companies median
Debt to equity 0.03 0.00 0.00
Current ratio 0.01 0.01 0.08
Net debt to EBITDA 0.05 0.00 0.06

Dividend

Metric IXAQF PPYA Shell Companies median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric IXAQF PPYA Shell Companies median
Market cap 99.50m 97.30m 154.76m

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