Air Global PLC (AIIR) vs Turning Point Brands, Inc. (TPB)

Air Global PLC and Turning Point Brands, Inc. are both Tobacco companies. Air Global PLC and Turning Point Brands, Inc. are of similar size ($1.2B and $1.2B). Air Global PLC has negative trailing earnings, so its P/E is not meaningful; Turning Point Brands, Inc. trades at 26.1×. Turning Point Brands, Inc. has the higher net margin (8.78% vs 0.00%) and the higher return on invested capital (9.77% vs 1.93%). Across the 14 metrics below, Turning Point Brands, Inc. leads on 12 and Air Global PLC on 2.

Valuation

Metric AIIR TPB Tobacco median
P/E n/m 26.08 15.85
P/S n/m 2.43 2.43
P/B 5.78 2.72 0.92
Price to free cash flow n/m 62.89 29.52
EV/EBITDA 92.77 16.22 10.47
EV/Sales n/m 2.72 2.66
Earnings yield (1.30%) 3.83% 3.65%
Free cash flow yield (0.01%) 1.59% 1.59%

Profitability

Metric AIIR TPB Tobacco median
Gross margin — 59.16% 47.05%
Operating margin 0.00% 14.79% 0.00%
Net margin 0.00% 8.78% 0.67%
Free cash flow margin 0.00% 3.87% 2.54%
Return on equity (97.38%) 13.13% (10.54%)
Return on assets (17.78%) 6.14% 0.00%
Return on invested capital 1.93% 9.77% 1.93%

Growth

Metric AIIR TPB Tobacco median
Revenue growth (TTM) — 24.49% (0.30%)
EPS growth (last fiscal year) 5,325.49% 45.33% —
Revenue growth, 5-year CAGR — 2.71% 1.07%
Net income growth, 5-year CAGR — 8.78% 0.00%

Health

Metric AIIR TPB Tobacco median
Debt to equity 2.10 0.65 0.02
Current ratio 1.41 5.67 1.41
Net debt to EBITDA 0.01 0.68 0.64

Dividend

Metric AIIR TPB Tobacco median
Dividend yield — 1.13% 5.95%
Payout ratio — 0.35 0.35

Size

Metric AIIR TPB Tobacco median
Market cap 1.20b 1.21b 1.20b

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