CEA Industries Inc. (BNC) vs Hyster-Yale, Inc. (HY)

CEA Industries Inc. and Hyster-Yale, Inc. are both Farm & Heavy Construction Machinery companies. Hyster-Yale, Inc. is the larger, with a market value of $552.6M against $256.5M — 2.2× the size. Hyster-Yale, Inc. has negative trailing earnings, so its P/E is not meaningful; CEA Industries Inc. trades at 1.6×. Hyster-Yale, Inc. grew revenue faster over the last twelve months: −11.1% against −14.9%. CEA Industries Inc. has the higher net margin (362.3% vs −3.33%) and the lower return on invested capital (−38.0% vs −7.03%). Across the 18 metrics below, CEA Industries Inc. leads on 10 and Hyster-Yale, Inc. on 8.

Valuation

Metric BNC HY Farm & Heavy Construction Machinery median
P/E 1.60 n/m 23.38
P/S 11.15 0.16 0.81
P/B 1.12 1.41 1.43
Price to free cash flow n/m 33.12 25.31
EV/EBITDA n/m n/m 12.13
EV/Sales 11.45 0.25 1.20
Earnings yield 62.52% (21.12%) 2.73%
Free cash flow yield (126.37%) 3.02% 3.02%

Profitability

Metric BNC HY Farm & Heavy Construction Machinery median
Gross margin 29.19% 15.36% 24.21%
Operating margin (622.73%) (2.32%) 4.47%
Net margin 362.28% (3.33%) 1.49%
Free cash flow margin (108.42%) 0.48% 2.15%
Return on equity 70.89% (24.80%) 4.16%
Return on assets 60.66% (5.84%) 1.45%
Return on invested capital (37.95%) (7.03%) 3.36%

Growth

Metric BNC HY Farm & Heavy Construction Machinery median
Revenue growth (TTM) (14.88%) (11.14%) 2.18%
EPS growth (last fiscal year) (99.38%) (142.29%) —
Revenue growth, 5-year CAGR 16.55% 6.03% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BNC HY Farm & Heavy Construction Machinery median
Debt to equity 0.05 1.02 0.67
Current ratio 0.62 1.28 1.98
Net debt to EBITDA 0.01 10.42 1.12

Dividend

Metric BNC HY Farm & Heavy Construction Machinery median
Dividend yield — 1.88% 1.45%
Payout ratio 0.00 0.64 0.08

Size

Metric BNC HY Farm & Heavy Construction Machinery median
Market cap 256.51m 552.62m 772.81m

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