Aebi Schmidt Holding AG (AEBI) vs Wabash National Corporation (WNC)

Aebi Schmidt Holding AG and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. Aebi Schmidt Holding AG is the larger, with a market value of $870.7M against $477.0M — 1.8× the size. Wabash National Corporation has negative trailing earnings, so its P/E is not meaningful; Aebi Schmidt Holding AG trades at 34.8×. Aebi Schmidt Holding AG grew revenue faster over the last twelve months: 79.4% against −17.3%. Aebi Schmidt Holding AG has the higher net margin (1.09% vs −5.48%) and the higher return on invested capital (4.09% vs −6.81%). Across the 18 metrics below, Aebi Schmidt Holding AG leads on 11 and Wabash National Corporation on 7.

Valuation

Metric AEBI WNC Farm & Heavy Construction Machinery median
P/E 34.83 n/m 23.38
P/S 0.43 0.37 0.81
P/B 1.03 1.82 1.43
Price to free cash flow 120.66 89.82 25.31
EV/EBITDA 9.27 n/m 12.13
EV/Sales 0.69 0.69 1.20
Earnings yield 2.87% (14.74%) 2.73%
Free cash flow yield 0.83% 1.11% 3.02%

Profitability

Metric AEBI WNC Farm & Heavy Construction Machinery median
Gross margin 19.40% 1.00% 24.21%
Operating margin 4.47% (5.62%) 4.47%
Net margin 1.09% (5.48%) 1.49%
Free cash flow margin 0.36% 0.42% 2.15%
Return on equity 3.58% (22.97%) 4.16%
Return on assets 1.31% (5.96%) 1.45%
Return on invested capital 4.09% (6.81%) 3.36%

Growth

Metric AEBI WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) 79.44% (17.26%) 2.18%
EPS growth (last fiscal year) (77.68%) 179.22% —
Revenue growth, 5-year CAGR — 0.81% 7.34%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AEBI WNC Farm & Heavy Construction Machinery median
Debt to equity 0.75 1.75 0.67
Current ratio 1.98 1.31 1.98
Net debt to EBITDA 4.23 1.12 1.12

Dividend

Metric AEBI WNC Farm & Heavy Construction Machinery median
Dividend yield — 1.26% 1.45%
Payout ratio — 0.08 0.08

Size

Metric AEBI WNC Farm & Heavy Construction Machinery median
Market cap 870.71m 477.03m 772.81m

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