BNB Standard Corporation (BNC) vs Xos, Inc. (XOS)

BNB Standard Corporation and Xos, Inc. are both Farm & Heavy Construction Machinery companies. BNB Standard Corporation is the larger, with a market value of $222.9M against $33.8M — 6.6× the size. Xos, Inc. has negative trailing earnings, so its P/E is not meaningful; BNB Standard Corporation trades at 2.2×. BNB Standard Corporation grew revenue faster over the last twelve months: −14.9% against −26.9%. BNB Standard Corporation has the higher net margin (378.4% vs −51.7%) and the higher return on invested capital (−38.0% vs −73.1%). Across the 18 metrics below, BNB Standard Corporation leads on 9 and Xos, Inc. on 9.

Valuation

Metric BNC XOS Farm & Heavy Construction Machinery median
P/E 2.15 n/m 21.67
P/S 8.41 0.80 0.77
P/B 0.84 1.31 1.31
Price to free cash flow n/m 29.52 20.59
EV/EBITDA n/m n/m 11.30
EV/Sales 8.71 0.86 1.11
Earnings yield 46.41% (68.07%) 3.08%
Free cash flow yield (167.48%) 3.39% 3.12%

Profitability

Metric BNC XOS Farm & Heavy Construction Machinery median
Gross margin 29.19% 12.69% 22.91%
Operating margin (622.73%) (77.95%) 4.47%
Net margin 378.36% (51.73%) 1.41%
Free cash flow margin (108.42%) 2.69% 2.26%
Return on equity 74.03% (94.66%) 3.99%
Return on assets 63.36% (28.92%) 1.31%
Return on invested capital (37.95%) (73.08%) 4.09%

Growth

Metric BNC XOS Farm & Heavy Construction Machinery median
Revenue growth (TTM) (14.88%) (26.88%) 1.81%
EPS growth (last fiscal year) (99.38%) 59.49% (27.79%)
Revenue growth, 5-year CAGR 16.55% 77.09% 6.63%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BNC XOS Farm & Heavy Construction Machinery median
Debt to equity 0.05 0.68 0.66
Current ratio 0.62 2.00 1.98
Net debt to EBITDA 0.01 (0.17) 1.12

Dividend

Metric BNC XOS Farm & Heavy Construction Machinery median
Dividend yield — — 1.24%
Payout ratio — — 0.31

Size

Metric BNC XOS Farm & Heavy Construction Machinery median
Market cap 222.89m 33.84m 836.63m

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