Aspen Aerogels, Inc. (ASPN) vs Orion S.A. (OEC)

Aspen Aerogels, Inc. and Orion S.A. are both Specialty Chemicals companies. Aspen Aerogels, Inc. is the larger, with a market value of $428.2M against $235.7M — 1.8× the size. Orion S.A. grew revenue faster over the last twelve months: 0.86% against −39.3%. Orion S.A. has the higher net margin (−1.75% vs −60.8%) and the higher return on invested capital (3.49% vs −131.5%). Across the 19 metrics below, Orion S.A. leads on 14 and Aspen Aerogels, Inc. on 5.

Valuation

Metric ASPN OEC Specialty Chemicals median
P/E n/m n/m 24.46
P/S 1.98 0.13 1.64
P/B 2.30 0.60 1.88
Price to free cash flow 14.68 5.44 19.15
EV/EBITDA n/m 5.30 12.87
EV/Sales 1.73 0.63 1.88
Earnings yield (30.98%) (13.78%) 2.42%
Free cash flow yield 6.81% 18.37% 2.25%

Profitability

Metric ASPN OEC Specialty Chemicals median
Gross margin 2.42% 18.47% 27.84%
Operating margin (59.33%) 3.98% 5.64%
Net margin (60.81%) (1.75%) 4.19%
Free cash flow margin 13.47% 2.36% 3.49%
Return on equity (53.16%) (8.08%) 2.34%
Return on assets (29.43%) (1.65%) 0.45%
Return on invested capital (131.54%) 3.49% 3.21%

Growth

Metric ASPN OEC Specialty Chemicals median
Revenue growth (TTM) (39.28%) 0.86% 6.39%
EPS growth (last fiscal year) (2,882.35%) (263.16%) (9.77%)
Revenue growth, 5-year CAGR 22.01% 9.72% 6.33%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASPN OEC Specialty Chemicals median
Debt to equity 0.12 2.48 0.59
Current ratio 2.10 1.06 2.28
Net debt to EBITDA 0.16 5.69 2.03

Dividend

Metric ASPN OEC Specialty Chemicals median
Dividend yield — 1.97% 1.80%
Payout ratio — — 0.40

Size

Metric ASPN OEC Specialty Chemicals median
Market cap 428.23m 235.70m 2.08b

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