Archer Aviation Inc. (ACHR) vs MDA Space Ltd. (MDA)

Archer Aviation Inc. and MDA Space Ltd. are both Aerospace & Defense companies. MDA Space Ltd. is the larger, with a market value of $4.4B against $3.2B — 1.4× the size. Archer Aviation Inc. has negative trailing earnings, so its P/E is not meaningful; MDA Space Ltd. trades at 46.5×. MDA Space Ltd. has the higher net margin (5.68% vs 0.00%) and the higher return on invested capital (5.05% vs −127.0%). Across the 14 metrics below, MDA Space Ltd. leads on 9 and Archer Aviation Inc. on 5.

Valuation

Metric ACHR MDA Aerospace & Defense median
P/E n/m 46.46 31.60
P/S n/m 2.80 3.36
P/B 1.70 2.78 2.99
Price to free cash flow n/m n/m 33.23
EV/EBITDA n/m 16.34 19.00
EV/Sales n/m 2.78 3.37
Earnings yield (25.96%) 2.15% 0.90%
Free cash flow yield (21.10%) (4.61%) 0.00%

Profitability

Metric ACHR MDA Aerospace & Defense median
Gross margin 0.00% 25.43% 25.95%
Operating margin 0.00% 7.99% 1.21%
Net margin 0.00% 5.68% 2.11%
Free cash flow margin 0.00% (12.91%) 0.00%
Return on equity (44.47%) 6.70% 2.67%
Return on assets (38.52%) 3.07% 1.90%
Return on invested capital (126.95%) 5.05% 0.25%

Growth

Metric ACHR MDA Aerospace & Defense median
Revenue growth (TTM) — — 18.25%
EPS growth (last fiscal year) 30.28% 30.24% 24.80%
Revenue growth, 5-year CAGR — — 9.73%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ACHR MDA Aerospace & Defense median
Debt to equity 0.06 0.19 0.18
Current ratio 10.21 0.75 2.85
Net debt to EBITDA 2.62 0.84 1.29

Dividend

Metric ACHR MDA Aerospace & Defense median
Dividend yield — — 0.87%
Payout ratio — — 0.30

Size

Metric ACHR MDA Aerospace & Defense median
Market cap 3.18b 4.43b 1.94b

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