Miami International Holdings, Inc. (MIAX) vs Sharplink Inc (SBET)

Miami International Holdings, Inc. and Sharplink Inc are both Capital Markets companies. Miami International Holdings, Inc. is the larger, with a market value of $3.1B against $1.8B — 1.7× the size. Sharplink Inc has negative trailing earnings, so its P/E is not meaningful; Miami International Holdings, Inc. trades at 26.0×. Miami International Holdings, Inc. has the higher net margin (9.70% vs −3,406.3%) and the higher return on invested capital (16.1% vs −78.8%). Across the 15 metrics below, Miami International Holdings, Inc. leads on 10 and Sharplink Inc on 5.

Valuation

Metric MIAX SBET Capital Markets median
P/E 26.01 n/m 14.20
P/S 2.01 31.63 2.00
P/B 2.56 1.13 1.51
Price to free cash flow 12.24 n/m 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.84% (84.38%) (3.94%)
Free cash flow yield 8.17% (2.10%) (1.62%)

Profitability

Metric MIAX SBET Capital Markets median
Gross margin 34.35% 97.02% 62.80%
Operating margin 7.92% (3,401.44%) 0.00%
Net margin 9.70% (3,406.29%) (0.55%)
Free cash flow margin 16.43% (66.13%) 0.00%
Return on equity 18.75% (183.57%) 0.00%
Return on assets 17.78% (182.89%) 0.00%
Return on invested capital 16.10% (78.80%) 0.00%

Growth

Metric MIAX SBET Capital Markets median
Revenue growth (TTM) — 1,496.86% 20.70%
EPS growth (last fiscal year) (173.17%) (126.81%) 22.92%
Revenue growth, 5-year CAGR — 65.22% 18.16%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MIAX SBET Capital Markets median
Debt to equity 0.00 0.00 0.08
Current ratio 2.61 10.45 1.50
Net debt to EBITDA (3.75) 0.04 (0.24)

Dividend

Metric MIAX SBET Capital Markets median
Dividend yield — — 1.36%
Payout ratio — — 0.19

Size

Metric MIAX SBET Capital Markets median
Market cap 3.06b 1.78b 565.91m

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