Ubiquiti Inc. (UI) vs Viasat Inc. (VSAT)

Ubiquiti Inc. and Viasat Inc. are both Communication Equipment companies. Ubiquiti Inc. is the larger, with a market value of $34.1B against $10.2B — 3.3× the size. Viasat Inc. has negative trailing earnings, so its P/E is not meaningful; Ubiquiti Inc. trades at 35.3×. Ubiquiti Inc. grew revenue faster over the last twelve months: 27.2% against 1.35%. Ubiquiti Inc. has the higher net margin (29.3% vs −0.64%) and the higher return on invested capital (89.4% vs 0.72%). Across the 21 metrics below, Ubiquiti Inc. leads on 13 and Viasat Inc. on 8.

Valuation

Metric UI VSAT Communication Equipment median
P/E 35.31 n/m 33.61
P/S 10.36 2.16 2.16
P/B 23.56 2.12 2.40
Price to free cash flow 37.32 28.44 25.02
EV/EBITDA 27.99 10.25 13.78
EV/Sales 10.31 3.18 2.27
Earnings yield 2.83% (0.33%) (0.65%)
Free cash flow yield 2.68% 3.52% 1.61%

Profitability

Metric UI VSAT Communication Equipment median
Gross margin 46.16% 33.22% 39.47%
Operating margin 36.21% 2.35% 2.39%
Net margin 29.33% (0.64%) (0.74%)
Free cash flow margin 27.76% 12.50% 1.39%
Return on equity 91.09% (0.63%) (1.91%)
Return on assets 52.41% (0.20%) (0.20%)
Return on invested capital 89.37% 0.72% 0.72%

Growth

Metric UI VSAT Communication Equipment median
Revenue growth (TTM) 27.22% 1.35% 11.48%
EPS growth (last fiscal year) 34.78% 94.42% —
Revenue growth, 5-year CAGR 11.52% 19.29% 4.92%
Net income growth, 5-year CAGR 9.27% 0.00% 0.00%

Health

Metric UI VSAT Communication Equipment median
Debt to equity 0.00 1.37 0.06
Current ratio 2.93 1.68 2.01
Net debt to EBITDA (0.51) 3.21 0.67

Dividend

Metric UI VSAT Communication Equipment median
Dividend yield 1.89% — 2.63%
Payout ratio 0.36 0.00 0.00

Size

Metric UI VSAT Communication Equipment median
Market cap 34.08b 10.20b 563.45m

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