Blue Star Foods Corp. (BSFC) vs Cyanotech Corporation (CYAN)

Blue Star Foods Corp. and Cyanotech Corporation are both Packaged Foods companies. Cyanotech Corporation is the larger, with a market value of $1.7M against $960.0K — 1.7× the size. Cyanotech Corporation grew revenue faster over the last twelve months: 12.8% against −61.8%. Cyanotech Corporation has the higher net margin (−0.25% vs −164.3%) and the higher return on invested capital (2.63% vs 0.00%). Across the 16 metrics below, Cyanotech Corporation leads on 9 and Blue Star Foods Corp. on 7.

Valuation

Metric BSFC CYAN Packaged Foods median
P/E n/m n/m 12.69
P/S n/m 0.13 0.61
P/B n/m 0.44 1.47
Price to free cash flow n/m 5.09 8.50
EV/EBITDA n/m 7.02 8.20
EV/Sales 0.25 0.39 0.85
Earnings yield 0.00% (28.08%) 0.00%
Free cash flow yield 0.00% 19.65% 6.05%

Profitability

Metric BSFC CYAN Packaged Foods median
Gross margin 73.46% 35.40% 27.54%
Operating margin (100.44%) 2.32% 0.00%
Net margin (164.25%) (0.25%) 0.00%
Free cash flow margin (37.78%) 2.56% 2.56%
Return on equity 116.68% (0.85%) 0.00%
Return on assets (183.43%) (0.30%) 0.00%
Return on invested capital 0.00% 2.63% 0.00%

Growth

Metric BSFC CYAN Packaged Foods median
Revenue growth (TTM) (61.78%) 12.83% 5.69%
EPS growth (last fiscal year) 97.59% 60.00% —
Revenue growth, 5-year CAGR (27.17%) (3.84%) 3.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BSFC CYAN Packaged Foods median
Debt to equity (0.13) 1.02 0.26
Current ratio 0.26 1.06 1.64
Net debt to EBITDA (0.18) 5.62 0.87

Dividend

Metric BSFC CYAN Packaged Foods median
Dividend yield — — 3.21%
Payout ratio 0.00 0.00 0.00

Size

Metric BSFC CYAN Packaged Foods median
Market cap 960.00k 1.65m 245.45m

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