Blink Charging Co. (BLNK) vs INNOVATE Corp. (VATE)

Blink Charging Co. and INNOVATE Corp. are both Engineering & Construction companies. INNOVATE Corp. is the larger, with a market value of $102.6M against $81.2M — 1.3× the size. INNOVATE Corp. grew revenue faster over the last twelve months: 52.4% against −5.92%. INNOVATE Corp. has the higher net margin (−1.58% vs −52.5%) and the higher return on invested capital (13.1% vs −231.9%). Across the 17 metrics below, INNOVATE Corp. leads on 12 and Blink Charging Co. on 5.

Valuation

Metric BLNK VATE Engineering & Construction median
P/E n/m n/m 28.59
P/S 0.85 0.07 1.15
P/B 1.72 n/m 3.96
Price to free cash flow n/m 0.98 25.24
EV/EBITDA n/m 5.21 14.87
EV/Sales 0.50 0.42 1.42
Earnings yield (70.32%) (23.68%) 2.47%
Free cash flow yield (7.36%) 102.29% 1.91%

Profitability

Metric BLNK VATE Engineering & Construction median
Gross margin 29.71% 15.93% 18.76%
Operating margin (52.99%) 4.28% 6.26%
Net margin (52.48%) (1.58%) 2.23%
Free cash flow margin (6.27%) 7.01% 1.83%
Return on equity (85.48%) 11.03% 7.90%
Return on assets (34.85%) (2.53%) 0.87%
Return on invested capital (231.88%) 13.11% 2.52%

Growth

Metric BLNK VATE Engineering & Construction median
Revenue growth (TTM) (5.92%) 52.38% 16.67%
EPS growth (last fiscal year) 61.22% (57.14%) —
Revenue growth, 5-year CAGR 75.43% 11.69% 11.76%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BLNK VATE Engineering & Construction median
Debt to equity 0.00 (2.81) 0.40
Current ratio 1.17 0.44 1.39
Net debt to EBITDA 0.70 6.64 0.38

Dividend

Metric BLNK VATE Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric BLNK VATE Engineering & Construction median
Market cap 81.16m 102.59m 1.31b

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