OUTFRONT Media Inc. (OUT) vs Uniti Group Inc. (UNIT)

OUTFRONT Media Inc. and Uniti Group Inc. are both Reit Specialty companies. OUTFRONT Media Inc. is the larger, with a market value of $4.9B against $2.2B — 2.3× the size. Uniti Group Inc. trades at the lower P/E: 1.8× against 19.8×. Uniti Group Inc. grew revenue faster over the last twelve months: 199.7% against 7.62%. Uniti Group Inc. has the higher net margin (28.0% vs 12.3%) and the lower return on invested capital (0.00% vs 7.74%). Both pay a dividend; Uniti Group Inc. yields more (12.4% vs 9.65%). Across the 21 metrics below, Uniti Group Inc. leads on 14 and OUTFRONT Media Inc. on 7.

Valuation

Metric OUT UNIT Reit Specialty median
P/E 19.75 1.76 26.27
P/S 2.52 0.64 5.86
P/B 7.01 13.95 2.19
Price to free cash flow 16.71 n/m 14.62
EV/EBITDA 13.29 1.26 16.22
EV/Sales 3.81 0.44 8.93
Earnings yield 5.06% 56.68% 3.43%
Free cash flow yield 5.98% (38.60%) 5.37%

Profitability

Metric OUT UNIT Reit Specialty median
Gross margin 51.40% 59.09% 67.43%
Operating margin 20.46% 3.23% 21.38%
Net margin 12.25% 27.99% 16.14%
Free cash flow margin 15.08% (25.13%) 31.07%
Return on equity 38.34% (86.76%) 4.76%
Return on assets 4.55% 10.69% 3.29%
Return on invested capital 7.74% 0.00% 4.19%

Growth

Metric OUT UNIT Reit Specialty median
Revenue growth (TTM) 7.62% 199.72% 5.36%
EPS growth (last fiscal year) (45.70%) 672.65% —
Revenue growth, 5-year CAGR 8.18% 15.93% 6.70%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OUT UNIT Reit Specialty median
Debt to equity 3.64 0.00 0.62
Current ratio 0.67 0.10 0.70
Net debt to EBITDA 5.40 (0.14) 4.47

Dividend

Metric OUT UNIT Reit Specialty median
Dividend yield 9.65% 12.35% 3.88%
Payout ratio 1.08 0.81 1.14

Size

Metric OUT UNIT Reit Specialty median
Market cap 4.92b 2.17b 8.48b

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