Blue Bird Corporation (BLBD) vs Wabash National Corporation (WNC)

Blue Bird Corporation and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. Blue Bird Corporation is the larger, with a market value of $1.8B against $546.3M — 3.2× the size. Wabash National Corporation has negative trailing earnings, so its P/E is not meaningful; Blue Bird Corporation trades at 6.7×. Blue Bird Corporation grew revenue faster over the last twelve months: 13.5% against −17.3%. Blue Bird Corporation has the higher net margin (17.5% vs −5.48%) and the higher return on invested capital (18.2% vs −6.81%). Across the 20 metrics below, Blue Bird Corporation leads on 16 and Wabash National Corporation on 4.

Valuation

Metric BLBD WNC Farm & Heavy Construction Machinery median
P/E 6.65 n/m 22.70
P/S 1.20 0.38 0.74
P/B 2.94 1.85 1.51
Price to free cash flow 12.58 91.33 22.15
EV/EBITDA 9.13 n/m 11.47
EV/Sales 1.19 0.69 1.15
Earnings yield 15.03% (14.49%) 2.89%
Free cash flow yield 7.95% 1.09% 2.65%

Profitability

Metric BLBD WNC Farm & Heavy Construction Machinery median
Gross margin 20.57% 1.00% 24.21%
Operating margin 11.77% (5.62%) 4.47%
Net margin 17.48% (5.48%) 1.49%
Free cash flow margin 9.50% 0.42% 2.15%
Return on equity 64.29% (22.97%) 3.99%
Return on assets 32.36% (5.96%) 1.31%
Return on invested capital 18.17% (6.81%) 3.36%

Growth

Metric BLBD WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) 13.46% (17.26%) 2.18%
EPS growth (last fiscal year) 22.78% 179.22% (27.79%)
Revenue growth, 5-year CAGR 10.98% 0.81% 7.34%
Net income growth, 5-year CAGR 59.99% 0.00% 0.00%

Health

Metric BLBD WNC Farm & Heavy Construction Machinery median
Debt to equity 0.18 1.75 0.67
Current ratio 1.64 1.31 2.00
Net debt to EBITDA (0.76) 1.12 1.12

Dividend

Metric BLBD WNC Farm & Heavy Construction Machinery median
Dividend yield — 2.42% 1.33%
Payout ratio — — 0.30

Size

Metric BLBD WNC Farm & Heavy Construction Machinery median
Market cap 1.76b 546.29m 783.27m

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