MediaAlpha, Inc. (MAX) vs Perion Network Ltd (PERI)

MediaAlpha, Inc. and Perion Network Ltd are both Internet Content & Information companies. MediaAlpha, Inc. is the larger, with a market value of $715.6M against $357.9M — 2.0× the size. Perion Network Ltd has negative trailing earnings, so its P/E is not meaningful; MediaAlpha, Inc. trades at 6.5×. MediaAlpha, Inc. grew revenue faster over the last twelve months: 13.8% against 2.86%. MediaAlpha, Inc. has the higher net margin (7.94% vs −2.95%) and the higher return on invested capital (35.6% vs −3.19%). Across the 19 metrics below, MediaAlpha, Inc. leads on 11 and Perion Network Ltd on 8.

Valuation

Metric MAX PERI Internet Content & Information median
P/E 6.52 n/m 11.54
P/S 0.50 0.74 0.86
P/B n/m 0.52 1.20
Price to free cash flow 10.96 9.12 9.63
EV/EBITDA 8.83 61.58 8.68
EV/Sales 0.63 0.17 1.18
Earnings yield 15.33% (3.89%) (2.42%)
Free cash flow yield 9.12% 10.97% 2.27%

Profitability

Metric MAX PERI Internet Content & Information median
Gross margin 14.71% 88.57% 66.84%
Operating margin 6.89% (4.14%) (3.41%)
Net margin 7.94% (2.95%) (3.02%)
Free cash flow margin 4.60% 8.13% 1.75%
Return on equity (314.09%) (1.96%) 0.00%
Return on assets 31.91% (1.46%) (0.36%)
Return on invested capital 35.63% (3.19%) 0.00%

Growth

Metric MAX PERI Internet Content & Information median
Revenue growth (TTM) 13.84% 2.86% 2.65%
EPS growth (last fiscal year) 25.81% (176.00%) 34.45%
Revenue growth, 5-year CAGR 13.75% 6.04% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MAX PERI Internet Content & Information median
Debt to equity (35.71) 0.00 0.01
Current ratio 1.29 2.53 1.82
Net debt to EBITDA 4.09 (137.89) (0.48)

Dividend

Metric MAX PERI Internet Content & Information median
Dividend yield — — 1.07%
Payout ratio — — 0.28

Size

Metric MAX PERI Internet Content & Information median
Market cap 715.56m 357.91m 318.52m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack