NerdWallet, Inc. (NRDS) vs Perion Network Ltd (PERI)

NerdWallet, Inc. and Perion Network Ltd are both Internet Content & Information companies. NerdWallet, Inc. is the larger, with a market value of $524.2M against $341.4M — 1.5× the size. Perion Network Ltd has negative trailing earnings, so its P/E is not meaningful; NerdWallet, Inc. trades at 9.3×. NerdWallet, Inc. grew revenue faster over the last twelve months: 11.5% against 2.86%. NerdWallet, Inc. has the higher net margin (7.56% vs −2.95%) and the higher return on invested capital (20.9% vs −3.19%). Across the 20 metrics below, NerdWallet, Inc. leads on 17 and Perion Network Ltd on 3.

Valuation

Metric NRDS PERI Internet Content & Information median
P/E 9.34 n/m 10.24
P/S 0.64 0.73 0.87
P/B 1.70 0.51 1.32
Price to free cash flow 3.76 8.96 8.85
EV/EBITDA 3.89 58.89 8.86
EV/Sales 0.58 0.16 1.15
Earnings yield 10.71% (3.96%) (1.58%)
Free cash flow yield 26.60% 11.16% 2.32%

Profitability

Metric NRDS PERI Internet Content & Information median
Gross margin 93.50% 88.57% 66.84%
Operating margin 10.23% (4.14%) (3.41%)
Net margin 7.56% (2.95%) (3.02%)
Free cash flow margin 17.12% 8.13% 1.75%
Return on equity 18.16% (1.96%) 0.00%
Return on assets 14.54% (1.46%) (0.36%)
Return on invested capital 20.85% (3.19%) 0.00%

Growth

Metric NRDS PERI Internet Content & Information median
Revenue growth (TTM) 11.51% 2.86% 2.65%
EPS growth (last fiscal year) 68.42% (176.00%) —
Revenue growth, 5-year CAGR 27.81% 6.04% 9.73%
Net income growth, 5-year CAGR 55.83% 0.00% 0.00%

Health

Metric NRDS PERI Internet Content & Information median
Debt to equity 0.00 0.00 0.01
Current ratio 2.62 2.53 1.82
Net debt to EBITDA (0.88) (137.89) (0.48)

Dividend

Metric NRDS PERI Internet Content & Information median
Dividend yield — — 3.19%
Payout ratio 0.00 0.00 0.00

Size

Metric NRDS PERI Internet Content & Information median
Market cap 524.17m 341.39m 283.68m

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