Air Global PLC (AIIR) vs RLX Technology Inc. Sponsored ADR (RLX)

Air Global PLC and RLX Technology Inc. Sponsored ADR are both Tobacco companies. RLX Technology Inc. Sponsored ADR is the larger, with a market value of $1.6B against $1.2B — 1.3× the size. Air Global PLC has negative trailing earnings, so its P/E is not meaningful; RLX Technology Inc. Sponsored ADR trades at 15.8×. RLX Technology Inc. Sponsored ADR has the higher net margin (22.0% vs 0.00%) and the higher return on invested capital (5.28% vs 1.93%). Across the 14 metrics below, RLX Technology Inc. Sponsored ADR leads on 13 and Air Global PLC on 1.

Valuation

Metric AIIR RLX Tobacco median
P/E n/m 15.85 15.85
P/S n/m 3.14 2.43
P/B 5.78 0.92 0.92
Price to free cash flow n/m 42.96 29.52
EV/EBITDA 92.77 9.01 10.47
EV/Sales n/m 1.17 2.66
Earnings yield (1.30%) 6.31% 3.65%
Free cash flow yield (0.01%) 2.33% 1.59%

Profitability

Metric AIIR RLX Tobacco median
Gross margin — 34.93% 47.05%
Operating margin 0.00% 13.02% 0.00%
Net margin 0.00% 21.95% 0.67%
Free cash flow margin 0.00% 11.80% 2.54%
Return on equity (97.38%) 0.00% (10.54%)
Return on assets (17.78%) 5.86% 0.00%
Return on invested capital 1.93% 5.28% 1.93%

Growth

Metric AIIR RLX Tobacco median
Revenue growth (TTM) — 63.68% (0.30%)
EPS growth (last fiscal year) 5,325.49% 66.67% —
Revenue growth, 5-year CAGR — (2.44%) 1.07%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AIIR RLX Tobacco median
Debt to equity 2.10 0.01 0.02
Current ratio 1.41 10.61 1.41
Net debt to EBITDA 0.01 (25.80) 0.64

Dividend

Metric AIIR RLX Tobacco median
Dividend yield — 0.56% 5.95%
Payout ratio — 0.00 0.35

Size

Metric AIIR RLX Tobacco median
Market cap 1.20b 1.56b 1.20b

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