Balchem Corporation (BCPC) vs Perimeter Solutions, SA (PRM)

Balchem Corporation and Perimeter Solutions, SA are both Specialty Chemicals companies. Balchem Corporation is the larger, with a market value of $5.7B against $4.6B — 1.2× the size. Balchem Corporation trades at the lower P/E: 33.8× against 102×. Perimeter Solutions, SA grew revenue faster over the last twelve months: 30.7% against 9.42%. Balchem Corporation has the higher net margin (15.4% vs 6.68%) and the higher return on invested capital (10.2% vs 3.10%). Across the 21 metrics below, Balchem Corporation leads on 14 and Perimeter Solutions, SA on 7.

Valuation

Metric BCPC PRM Specialty Chemicals median
P/E 33.77 102.29 24.46
P/S 5.13 5.64 1.64
P/B 4.28 3.53 1.88
Price to free cash flow n/m 121.19 19.15
EV/EBITDA 20.83 25.21 12.87
EV/Sales 5.23 6.97 1.88
Earnings yield 2.96% 0.98% 2.42%
Free cash flow yield (2.07%) 0.83% 2.25%

Profitability

Metric BCPC PRM Specialty Chemicals median
Gross margin 36.46% 54.53% 27.84%
Operating margin 20.70% 14.52% 5.64%
Net margin 15.41% 6.68% 4.19%
Free cash flow margin 16.08% 6.48% 3.49%
Return on equity 13.02% 4.55% 2.34%
Return on assets 10.16% 1.84% 0.45%
Return on invested capital 10.19% 3.10% 3.21%

Growth

Metric BCPC PRM Specialty Chemicals median
Revenue growth (TTM) 9.42% 30.67% 6.39%
EPS growth (last fiscal year) 20.87% (3,325.00%) (9.77%)
Revenue growth, 5-year CAGR 8.07% 13.97% 6.33%
Net income growth, 5-year CAGR 12.84% 0.00% 0.00%

Health

Metric BCPC PRM Specialty Chemicals median
Debt to equity 0.11 0.92 0.59
Current ratio 2.47 2.79 2.28
Net debt to EBITDA 0.44 (2.79) 2.03

Dividend

Metric BCPC PRM Specialty Chemicals median
Dividend yield 0.54% — 1.80%
Payout ratio 0.18 — 0.40

Size

Metric BCPC PRM Specialty Chemicals median
Market cap 5.71b 4.61b 2.08b

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