nCino Inc. (NCNO) vs ePlus inc. (PLUS)

nCino Inc. and ePlus inc. are both Software Application companies. ePlus inc. is the larger, with a market value of $2.4B against $2.1B — 1.1× the size. ePlus inc. trades at the lower P/E: 19.7× against 62.6×. ePlus inc. grew revenue faster over the last twelve months: 16.2% against 8.57%. nCino Inc. has the higher net margin (5.40% vs 4.91%) and the lower return on invested capital (2.63% vs 16.3%). Across the 22 metrics below, ePlus inc. leads on 13 and nCino Inc. on 9.

Valuation

Metric NCNO PLUS Software Application median
P/E 62.61 19.68 24.79
P/S 3.27 0.96 2.67
P/B 2.19 2.19 3.01
Price to free cash flow 15.40 42.82 16.59
EV/EBITDA 21.15 10.14 14.40
EV/Sales 3.66 0.78 2.62
Earnings yield 1.60% 5.08% 0.00%
Free cash flow yield 6.49% 2.34% 1.91%

Profitability

Metric NCNO PLUS Software Application median
Gross margin 62.24% 25.06% 67.03%
Operating margin 7.92% 6.62% 0.00%
Net margin 5.40% 4.91% 0.00%
Free cash flow margin 21.24% 2.24% 4.32%
Return on equity 3.38% 11.50% 0.00%
Return on assets 2.11% 6.56% 0.00%
Return on invested capital 2.63% 16.25% 0.00%

Growth

Metric NCNO PLUS Software Application median
Revenue growth (TTM) 8.57% 16.21% 12.40%
EPS growth (last fiscal year) 115.15% 24.20% —
Revenue growth, 5-year CAGR 23.83% 9.27% 13.72%
Net income growth, 5-year CAGR 0.00% 12.26% 0.00%

Health

Metric NCNO PLUS Software Application median
Debt to equity 0.35 0.00 0.02
Current ratio 0.85 2.13 1.55
Net debt to EBITDA 2.88 (2.12) 0.06

Dividend

Metric NCNO PLUS Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric NCNO PLUS Software Application median
Market cap 2.11b 2.38b 396.11m

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