Kingsoft Cloud Holdings Limited Sponsored ADR (KC) vs SPS Commerce, Inc. (SPSC)

Kingsoft Cloud Holdings Limited Sponsored ADR and SPS Commerce, Inc. are both Software Application companies. Kingsoft Cloud Holdings Limited Sponsored ADR and SPS Commerce, Inc. are of similar size ($3.0B and $2.9B). Kingsoft Cloud Holdings Limited Sponsored ADR has negative trailing earnings, so its P/E is not meaningful; SPS Commerce, Inc. trades at 39.1×. Kingsoft Cloud Holdings Limited Sponsored ADR grew revenue faster over the last twelve months: 39.0% against 9.80%. SPS Commerce, Inc. has the higher net margin (10.1% vs −5.60%) and the higher return on invested capital (8.07% vs −2.08%). Across the 19 metrics below, SPS Commerce, Inc. leads on 13 and Kingsoft Cloud Holdings Limited Sponsored ADR on 6.

Valuation

Metric KC SPSC Software Application median
P/E n/m 39.09 24.79
P/S 1.82 3.84 2.67
P/B 2.24 3.16 3.01
Price to free cash flow n/m 14.95 16.59
EV/EBITDA n/m 17.51 14.40
EV/Sales 2.00 3.62 2.62
Earnings yield (2.90%) 2.56% 0.00%
Free cash flow yield (28.65%) 6.69% 1.91%

Profitability

Metric KC SPSC Software Application median
Gross margin 15.05% 69.82% 67.03%
Operating margin (3.31%) 12.80% 0.00%
Net margin (5.60%) 10.10% 0.00%
Free cash flow margin (52.22%) 25.72% 4.32%
Return on equity (7.87%) 8.26% 0.00%
Return on assets (2.26%) 6.94% 0.00%
Return on invested capital (2.08%) 8.07% 0.00%

Growth

Metric KC SPSC Software Application median
Revenue growth (TTM) 39.01% 9.80% 12.40%
EPS growth (last fiscal year) 55.45% 20.59% —
Revenue growth, 5-year CAGR 6.28% 19.17% 13.72%
Net income growth, 5-year CAGR 0.00% 15.41% 0.00%

Health

Metric KC SPSC Software Application median
Debt to equity 0.75 0.00 0.02
Current ratio 1.01 2.26 1.55
Net debt to EBITDA (1.81) (0.86) 0.06

Dividend

Metric KC SPSC Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric KC SPSC Software Application median
Market cap 2.89b 3.00b 396.11m

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