LightInTheBox Holding Co., Ltd. (LITB) vs ThredUp Inc. (TDUP)

LightInTheBox Holding Co., Ltd. and ThredUp Inc. are both Internet Retail companies. ThredUp Inc. is the larger, with a market value of $298.1M against $53.9M — 5.5× the size. ThredUp Inc. has negative trailing earnings, so its P/E is not meaningful; LightInTheBox Holding Co., Ltd. trades at 6.4×. ThredUp Inc. grew revenue faster over the last twelve months: 20.4% against 2.97%. LightInTheBox Holding Co., Ltd. has the higher net margin (3.91% vs −6.65%) and the higher return on invested capital (0.00% vs −57.1%). Across the 18 metrics below, LightInTheBox Holding Co., Ltd. leads on 10 and ThredUp Inc. on 8.

Valuation

Metric LITB TDUP Internet Retail median
P/E 6.40 n/m 22.73
P/S 0.24 0.87 0.64
P/B n/m 4.81 1.65
Price to free cash flow n/m 181.14 14.11
EV/EBITDA 4.35 n/m 15.68
EV/Sales 0.18 0.78 0.76
Earnings yield 15.64% (7.56%) (0.11%)
Free cash flow yield (53.47%) 0.55% 0.00%

Profitability

Metric LITB TDUP Internet Retail median
Gross margin 65.05% 79.52% 43.51%
Operating margin 4.02% (7.11%) 0.08%
Net margin 3.91% (6.65%) 0.56%
Free cash flow margin 0.00% 0.48% 0.00%
Return on equity (155.85%) (36.76%) 0.00%
Return on assets 13.51% (12.93%) 0.00%
Return on invested capital 0.00% (57.05%) 0.00%

Growth

Metric LITB TDUP Internet Retail median
Revenue growth (TTM) 2.97% 20.37% 10.60%
EPS growth (last fiscal year) 421.43% 75.36% —
Revenue growth, 5-year CAGR (10.84%) 10.81% 10.81%
Net income growth, 5-year CAGR (9.07%) 0.00% 0.00%

Health

Metric LITB TDUP Internet Retail median
Debt to equity (0.73) 0.29 0.13
Current ratio 0.42 0.99 1.49
Net debt to EBITDA (2.64) 7.17 (0.25)

Dividend

Metric LITB TDUP Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric LITB TDUP Internet Retail median
Market cap 53.91m 298.13m 443.85m

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