ONESPAN INC (OSPN) vs Paysign, Inc. (PAYS)

ONESPAN INC and Paysign, Inc. are both Software Infrastructure companies. Paysign, Inc. is the larger, with a market value of $731.8M against $651.6M — 1.1× the size. ONESPAN INC trades at the lower P/E: 9.8× against 45.3×. Paysign, Inc. grew revenue faster over the last twelve months: 46.8% against 2.40%. ONESPAN INC has the higher net margin (27.8% vs 15.7%) and the higher return on invested capital (11.7% vs 0.00%). Across the 21 metrics below, ONESPAN INC leads on 12 and Paysign, Inc. on 9.

Valuation

Metric OSPN PAYS Software Infrastructure median
P/E 9.84 45.25 28.02
P/S 2.69 7.03 3.07
P/B 2.42 11.77 3.36
Price to free cash flow 16.58 10.48 17.12
EV/EBITDA 11.09 20.17 14.91
EV/Sales 2.54 5.31 3.03
Earnings yield 10.16% 2.21% 0.13%
Free cash flow yield 6.03% 9.55% 1.15%

Profitability

Metric OSPN PAYS Software Infrastructure median
Gross margin 73.58% 61.00% 61.23%
Operating margin 17.99% 17.01% 0.00%
Net margin 27.76% 15.67% 0.00%
Free cash flow margin 16.22% 67.13% 1.67%
Return on equity 26.51% 30.82% 0.59%
Return on assets 18.38% 6.17% 0.00%
Return on invested capital 11.73% 0.00% 0.00%

Growth

Metric OSPN PAYS Software Infrastructure median
Revenue growth (TTM) 2.40% 46.84% 13.41%
EPS growth (last fiscal year) 28.77% 85.71% —
Revenue growth, 5-year CAGR 2.43% 27.74% 15.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OSPN PAYS Software Infrastructure median
Debt to equity 0.02 0.00 0.06
Current ratio 1.33 1.14 1.55
Net debt to EBITDA (1.15) (10.52) 0.08

Dividend

Metric OSPN PAYS Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric OSPN PAYS Software Infrastructure median
Market cap 651.55m 731.75m 835.96m

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