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 $641.2M against $357.9M — 1.8× the size. Perion Network Ltd has negative trailing earnings, so its P/E is not meaningful; NerdWallet, Inc. trades at 11.0×. 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 16 and Perion Network Ltd on 4.

Valuation

Metric NRDS PERI Internet Content & Information median
P/E 11.02 n/m 11.54
P/S 0.76 0.74 0.86
P/B 2.00 0.52 1.20
Price to free cash flow 4.44 9.12 9.63
EV/EBITDA 5.16 61.58 8.68
EV/Sales 0.77 0.17 1.18
Earnings yield 9.07% (3.89%) (2.42%)
Free cash flow yield 22.54% 10.97% 2.27%

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%) 34.45%
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 — — 1.07%
Payout ratio — — 0.28

Size

Metric NRDS PERI Internet Content & Information median
Market cap 641.15m 357.91m 318.52m

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