Materialise NV (MTLS) vs PAR Technology Corporation (PAR)

Materialise NV and PAR Technology Corporation are both Software Application companies. PAR Technology Corporation is the larger, with a market value of $576.6M against $469.1M — 1.2× the size. PAR Technology Corporation has negative trailing earnings, so its P/E is not meaningful; Materialise NV trades at 31.2×. PAR Technology Corporation grew revenue faster over the last twelve months: 18.8% against 5.81%. Materialise NV has the higher net margin (4.81% vs −14.5%) and the higher return on invested capital (3.62% vs −3.41%). Across the 18 metrics below, Materialise NV leads on 13 and PAR Technology Corporation on 5.

Valuation

Metric MTLS PAR Software Application median
P/E 31.22 n/m 24.79
P/S 1.58 1.17 2.67
P/B 1.65 0.71 3.01
Price to free cash flow 23.57 n/m 16.59
EV/EBITDA 10.39 n/m 14.40
EV/Sales 1.28 1.84 2.62
Earnings yield 3.20% (12.52%) 0.00%
Free cash flow yield 4.24% (4.20%) 1.91%

Profitability

Metric MTLS PAR Software Application median
Gross margin 57.20% 42.24% 67.03%
Operating margin 3.81% (12.58%) 0.00%
Net margin 4.81% (14.52%) 0.00%
Free cash flow margin 6.70% (4.90%) 4.32%
Return on equity 5.15% (8.62%) 0.00%
Return on assets 3.17% (5.22%) 0.00%
Return on invested capital 3.62% (3.41%) 0.00%

Growth

Metric MTLS PAR Software Application median
Revenue growth (TTM) 5.81% 18.81% 12.40%
EPS growth (last fiscal year) (40.00%) (1,392.86%) —
Revenue growth, 5-year CAGR 9.23% 16.34% 13.72%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MTLS PAR Software Application median
Debt to equity 0.21 0.52 0.02
Current ratio 2.41 2.21 1.55
Net debt to EBITDA (2.49) (15.18) 0.06

Dividend

Metric MTLS PAR Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric MTLS PAR Software Application median
Market cap 469.07m 576.60m 396.11m

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