Brady Corporation (BRC) vs CompX International Inc. (CIX)

Brady Corporation and CompX International Inc. are both Security & Protection Services companies. Brady Corporation is the larger, with a market value of $3.9B against $447.3M — 8.7× the size. Brady Corporation trades at the lower P/E: 19.3× against 21.1×. Brady Corporation grew revenue faster over the last twelve months: 9.78% against 5.96%. CompX International Inc. has the higher net margin (13.6% vs 12.4%) and the higher return on invested capital (17.9% vs 13.9%). Both pay a dividend; CompX International Inc. yields more (4.26% vs 1.53%). Across the 23 metrics below, Brady Corporation leads on 12 and CompX International Inc. on 11.

Valuation

Metric BRC CIX Security & Protection Services median
P/E 19.31 21.12 21.88
P/S 2.39 2.88 1.21
P/B 2.93 3.22 2.21
Price to free cash flow 20.62 21.96 20.62
EV/EBITDA 12.37 13.84 12.37
EV/Sales 2.30 2.56 1.86
Earnings yield 5.18% 4.74% 3.67%
Free cash flow yield 4.85% 4.55% 1.13%

Profitability

Metric BRC CIX Security & Protection Services median
Gross margin 51.75% 32.08% 41.45%
Operating margin 15.86% 16.30% 8.06%
Net margin 12.36% 13.60% 3.72%
Free cash flow margin 11.59% 13.11% 1.45%
Return on equity 16.11% 14.97% 9.87%
Return on assets 11.45% 13.49% 2.54%
Return on invested capital 13.89% 17.88% 3.11%

Growth

Metric BRC CIX Security & Protection Services median
Revenue growth (TTM) 9.78% 5.96% 5.96%
EPS growth (last fiscal year) 9.14% 17.04% —
Revenue growth, 5-year CAGR 7.74% 6.68% 7.35%
Net income growth, 5-year CAGR 9.64% 13.54% 0.00%

Health

Metric BRC CIX Security & Protection Services median
Debt to equity 0.01 0.00 0.20
Current ratio 1.94 6.69 1.93
Net debt to EBITDA (0.56) (2.06) 1.55

Dividend

Metric BRC CIX Security & Protection Services median
Dividend yield 1.53% 4.26% 1.53%
Payout ratio 0.26 0.62 0.00

Size

Metric BRC CIX Security & Protection Services median
Market cap 3.88b 447.33m 395.79m

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