6 years of historical data (2019–2024) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Vtex trades at 55.0x earnings, 42% below its 5-year average of 94.4x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 118%. On a free-cash-flow basis, the stock trades at 13.2x P/FCF, 93% below the 5-year average of 191.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $333M | $1.1B | $1.3B | $715M | $2.0B | — | — |
| Enterprise Value | $318M | $1.1B | $1.3B | $698M | $1.9B | — | — |
| P/E Ratio → | 54.97 | 94.39 | — | — | — | — | — |
| P/S Ratio | 1.47 | 5.00 | 6.36 | 4.54 | 16.28 | — | — |
| P/B Ratio | 2.58 | 4.43 | 5.34 | 2.60 | 6.26 | — | — |
| P/FCF | 13.23 | 44.98 | 338.58 | — | — | — | — |
| P/OCF | 12.23 | 41.56 | 301.05 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Vtex's enterprise value stands at 22.0x EBITDA, 72% below its 5-year average of 77.2x. The Technology sector median is 15.7x, placing the stock at a 40% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.93 | 6.24 | 4.43 | 15.39 | — | — |
| EV / EBITDA | 21.98 | 77.25 | — | — | — | — | — |
| EV / EBIT | 31.47 | 111.37 | — | — | — | — | — |
| EV / FCF | — | 44.37 | 332.26 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Vtex earns an operating margin of 4.5%. Operating margins have expanded from -31.7% to 4.5% over the past 3 years, signaling improving operational efficiency. ROE of 4.8% is modest. ROIC of 3.3% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8% | 73.8% | 69.8% | 66.5% | 60.6% | 64.7% | 67.0% |
| Operating Margin | 4.5% | 4.5% | -7.2% | -31.7% | -52.4% | 6.6% | -2.9% |
| Net Profit Margin | 5.3% | 5.3% | -6.8% | -33.3% | -48.1% | -0.9% | -7.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | -5.3% | -17.4% | -30.0% | -1.5% | -9.8% |
| ROA | 3.4% | 3.4% | -3.9% | -13.6% | -21.8% | -0.8% | -4.7% |
| ROIC | 3.3% | 3.3% | -4.6% | -15.8% | -40.6% | 15.2% | -3.8% |
| ROCE | 3.7% | 3.7% | -5.2% | -15.3% | -29.4% | 8.1% | -2.6% |
Solvency and debt-coverage ratios — lower is generally safer
Vtex carries a Debt/EBITDA ratio of 0.2x, which is very conservative (92% below the sector average of 3.0x). The company holds a net cash position — cash of $19M exceeds total debt of $3M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 7.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.17 | 0.40 |
| Debt / EBITDA | 0.23 | 0.23 | — | — | — | 1.40 | 26.09 |
| Net Debt / Equity | — | -0.06 | -0.10 | -0.06 | -0.34 | -0.63 | -0.23 |
| Net Debt / EBITDA | -1.06 | -1.06 | — | — | — | -5.32 | -15.42 |
| Debt / FCF | — | -0.61 | -6.32 | — | — | -4.99 | -46.26 |
| Interest Coverage | 7.07 | 7.07 | -25.26 | -68.10 | -83.45 | 5.11 | -0.72 |
Net cash position: cash ($19M) exceeds total debt ($3M)
Short-term solvency ratios and asset-utilisation metrics
Vtex's current ratio of 3.51x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.63x to 3.51x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 3.51 | 3.51 | 3.45 | 4.63 | 5.94 | 2.31 | 2.25 |
| Quick Ratio | 3.51 | 3.51 | 3.45 | 4.63 | 5.94 | 2.31 | 2.25 |
| Cash Ratio | 2.65 | 2.65 | 2.71 | 3.85 | 5.06 | 1.64 | 1.51 |
| Asset Turnover | — | 0.62 | 0.59 | 0.44 | 0.30 | 0.70 | 0.63 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 101.18 | 91.69 | 97.18 | 120.62 | 107.27 | 102.81 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Vtex returns 3.4% to shareholders annually primarily through share buybacks. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 1.1% | — | — | — | — | — |
| FCF Yield | 7.6% | 2.2% | 0.3% | — | — | — | — |
| Buyback Yield | 3.4% | 1.0% | 2.7% | 1.8% | 0.1% | — | — |
| Total Shareholder Yield | 3.4% | 1.0% | 2.7% | 1.8% | 0.1% | — | — |
| Shares Outstanding | — | $192M | $186M | $191M | $191M | $190M | $190M |
Compare VTEX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| VTEXYou | $333M | 55.0 | 22.0 | 13.2 | 73.8% | 4.5% | 4.8% | 3.3% | 0.2 |
| SHOP | $157B | 128.4 | 104.1 | 78.4 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
| GRAB | $17B | 66.2 | 40.6 | 125.0 | 43.2% | 6.0% | 4.1% | 3.3% | 5.4 |
| MANH | $8B | 37.6 | 27.3 | 21.7 | 55.7% | 26.1% | 71.7% | 236.8% | 0.4 |
| STUB | $3B | -63.8 | 27.1 | 12.0 | 81.1% | 7.8% | -0.2% | 3.6% | 14.3 |
| PTRN | $2B | -8.6 | 14.5 | 32.6 | 43.5% | 4.9% | 19.6% | 29.8% | 0.3 |
| STEC | $1B | 1.5 | 1.5 | 2.1 | 41.2% | 9.4% | 10.7% | 28.6% | 0.7 |
| CMRC | $226M | -11.6 | — | 12.0 | 78.7% | -4.7% | -53.2% | -7.5% | — |
| AZ | $219M | -6.5 | — | — | 27.7% | -204.2% | -749.5% | — | — |
| TRAK | $158M | 24.9 | 17.4 | 18.9 | 83.7% | 27.5% | 14.5% | 21.4% | 0.1 |
| EB | $69M | -26.0 | — | 2.0 | 69.7% | -9.5% | -8.6% | -76.5% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonVtex's current P/E ratio is 55.0x. The historical average is 94.4x.
Vtex's current EV/EBITDA is 22.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 77.2x.
Vtex's return on equity (ROE) is 4.8%. The historical average is -9.9%.
Based on historical data, Vtex is trading at a P/E of 55.0x. Compare with industry peers and growth rates for a complete picture.
Vtex has 73.8% gross margin and 4.5% operating margin.
Vtex's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.