CEA Industries Inc. (BNC) vs Wabash National Corporation (WNC)

CEA Industries Inc. and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. Wabash National Corporation is the larger, with a market value of $477.0M against $256.5M — 1.9× the size. Wabash National Corporation has negative trailing earnings, so its P/E is not meaningful; CEA Industries Inc. trades at 1.6×. CEA Industries Inc. grew revenue faster over the last twelve months: −14.9% against −17.3%. CEA Industries Inc. has the higher net margin (362.3% vs −5.48%) and the lower return on invested capital (−38.0% vs −6.81%). Across the 18 metrics below, CEA Industries Inc. leads on 10 and Wabash National Corporation on 8.

Valuation

Metric BNC WNC Farm & Heavy Construction Machinery median
P/E 1.60 n/m 23.38
P/S 11.15 0.37 0.81
P/B 1.12 1.82 1.43
Price to free cash flow n/m 89.82 25.31
EV/EBITDA n/m n/m 12.13
EV/Sales 11.45 0.69 1.20
Earnings yield 62.52% (14.74%) 2.73%
Free cash flow yield (126.37%) 1.11% 3.02%

Profitability

Metric BNC WNC Farm & Heavy Construction Machinery median
Gross margin 29.19% 1.00% 24.21%
Operating margin (622.73%) (5.62%) 4.47%
Net margin 362.28% (5.48%) 1.49%
Free cash flow margin (108.42%) 0.42% 2.15%
Return on equity 70.89% (22.97%) 4.16%
Return on assets 60.66% (5.96%) 1.45%
Return on invested capital (37.95%) (6.81%) 3.36%

Growth

Metric BNC WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) (14.88%) (17.26%) 2.18%
EPS growth (last fiscal year) (99.38%) 179.22% —
Revenue growth, 5-year CAGR 16.55% 0.81% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BNC WNC Farm & Heavy Construction Machinery median
Debt to equity 0.05 1.75 0.67
Current ratio 0.62 1.31 1.98
Net debt to EBITDA 0.01 1.12 1.12

Dividend

Metric BNC WNC Farm & Heavy Construction Machinery median
Dividend yield — 1.26% 1.45%
Payout ratio 0.00 0.08 0.08

Size

Metric BNC WNC Farm & Heavy Construction Machinery median
Market cap 256.51m 477.03m 772.81m

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