Applied Optoelectronics, Inc. (AAOI) vs AST SpaceMobile, Inc. (ASTS)

Applied Optoelectronics, Inc. and AST SpaceMobile, Inc. are both Communication Equipment companies. AST SpaceMobile, Inc. is the larger, with a market value of $24.3B against $8.8B — 2.8× the size. AST SpaceMobile, Inc. grew revenue faster over the last twelve months: 2,256.9% against 61.9%. Applied Optoelectronics, Inc. has the higher net margin (−9.57% vs −536.7%) and the higher return on invested capital (−2.96% vs −12.2%). Across the 18 metrics below, Applied Optoelectronics, Inc. leads on 13 and AST SpaceMobile, Inc. on 5.

Valuation

Metric AAOI ASTS Communication Equipment median
P/E n/m n/m 33.61
P/S 13.92 160.32 2.16
P/B 4.97 7.71 2.40
Price to free cash flow n/m n/m 25.02
EV/EBITDA n/m n/m 13.78
EV/Sales 13.50 166.20 2.27
Earnings yield (0.77%) (3.46%) (0.65%)
Free cash flow yield (7.15%) (9.39%) 1.61%

Profitability

Metric AAOI ASTS Communication Equipment median
Gross margin 28.92% 38.91% 39.47%
Operating margin (11.31%) (519.47%) 2.39%
Net margin (9.57%) (536.66%) (0.74%)
Free cash flow margin (99.45%) (1,506.12%) 1.39%
Return on equity (5.45%) (34.81%) (1.91%)
Return on assets (3.68%) (16.00%) (0.20%)
Return on invested capital (2.96%) (12.17%) 0.72%

Growth

Metric AAOI ASTS Communication Equipment median
Revenue growth (TTM) 61.85% 2,256.89% 11.48%
EPS growth (last fiscal year) 85.78% 30.93% —
Revenue growth, 5-year CAGR 14.20% 41.72% 4.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AAOI ASTS Communication Equipment median
Debt to equity 0.16 1.24 0.06
Current ratio 2.78 13.05 2.01
Net debt to EBITDA 3.09 0.51 0.67

Dividend

Metric AAOI ASTS Communication Equipment median
Dividend yield — — 2.63%
Payout ratio 0.00 0.00 0.00

Size

Metric AAOI ASTS Communication Equipment median
Market cap 8.78b 24.25b 563.45m

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