Phreesia, Inc. (PHR) vs Teladoc Health, Inc. (TDOC)

Phreesia, Inc. and Teladoc Health, Inc. are both Health Information Services companies. Teladoc Health, Inc. is the larger, with a market value of $1.1B against $685.3M — 1.6× the size. Teladoc Health, Inc. has negative trailing earnings, so its P/E is not meaningful; Phreesia, Inc. trades at 64.4×. Phreesia, Inc. grew revenue faster over the last twelve months: 12.9% against −2.08%. Phreesia, Inc. has the higher net margin (2.06% vs −7.13%) and the higher return on invested capital (1.74% vs −7.62%). Across the 20 metrics below, Phreesia, Inc. leads on 14 and Teladoc Health, Inc. on 6.

Valuation

Metric PHR TDOC Health Information Services median
P/E 64.35 n/m 39.82
P/S 1.33 0.41 2.24
P/B 1.82 0.78 1.79
Price to free cash flow 10.03 11.59 19.04
EV/EBITDA 14.10 11.02 11.52
EV/Sales 1.49 0.90 2.64
Earnings yield 1.55% (17.46%) (2.45%)
Free cash flow yield 9.97% 8.63% 0.00%

Profitability

Metric PHR TDOC Health Information Services median
Gross margin 67.52% 68.97% 62.87%
Operating margin 2.47% (7.50%) (9.45%)
Net margin 2.06% (7.13%) (15.48%)
Free cash flow margin 13.30% 3.56% 0.00%
Return on equity 3.12% (12.99%) (6.91%)
Return on assets 1.98% (6.28%) (6.28%)
Return on invested capital 1.74% (7.62%) 0.00%

Growth

Metric PHR TDOC Health Information Services median
Revenue growth (TTM) 12.93% (2.08%) 8.78%
EPS growth (last fiscal year) 103.92% 80.58% 57.06%
Revenue growth, 5-year CAGR 26.45% 18.26% 11.91%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PHR TDOC Health Information Services median
Debt to equity 0.41 0.76 0.00
Current ratio 1.76 0.83 2.31
Net debt to EBITDA 3.58 1.15 0.48

Dividend

Metric PHR TDOC Health Information Services median
Dividend yield — — —
Payout ratio — — —

Size

Metric PHR TDOC Health Information Services median
Market cap 685.26m 1.08b 332.37m

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