Byrna Technologies Inc. (BYRN) vs Coda Octopus Group Inc. (CODA)

Byrna Technologies Inc. and Coda Octopus Group Inc. are both Aerospace & Defense companies. Byrna Technologies Inc. and Coda Octopus Group Inc. are of similar size ($111.9M and $111.9M). Byrna Technologies Inc. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 22.6×. Coda Octopus Group Inc. grew revenue faster over the last twelve months: 17.5% against −13.4%. Coda Octopus Group Inc. has the higher net margin (17.6% vs −9.21%) and the higher return on invested capital (11.6% vs −14.9%). Across the 19 metrics below, Coda Octopus Group Inc. leads on 16 and Byrna Technologies Inc. on 3.

Valuation

Metric BYRN CODA Aerospace & Defense median
P/E n/m 22.57 31.81
P/S 1.16 3.92 3.55
P/B 2.02 1.79 2.59
Price to free cash flow 33.95 19.70 31.99
EV/EBITDA n/m 11.29 18.08
EV/Sales 1.08 2.82 3.37
Earnings yield (7.77%) 4.43% 1.38%
Free cash flow yield 2.95% 5.08% 0.21%

Profitability

Metric BYRN CODA Aerospace & Defense median
Gross margin 54.59% 66.11% 25.48%
Operating margin (11.35%) 20.08% 4.54%
Net margin (9.21%) 17.63% 2.22%
Free cash flow margin 3.57% 19.88% 1.43%
Return on equity (14.94%) 8.41% 6.43%
Return on assets (12.34%) 7.71% 2.70%
Return on invested capital (14.90%) 11.57% 1.56%

Growth

Metric BYRN CODA Aerospace & Defense median
Revenue growth (TTM) (13.42%) 17.48% 18.43%
EPS growth (last fiscal year) (27.27%) 15.62% 24.27%
Revenue growth, 5-year CAGR 48.12% 5.79% 9.73%
Net income growth, 5-year CAGR 0.00% 4.31% 0.00%

Health

Metric BYRN CODA Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 5.54 10.06 2.72
Net debt to EBITDA (1.11) (4.84) 1.12

Dividend

Metric BYRN CODA Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric BYRN CODA Aerospace & Defense median
Market cap 111.87m 111.93m 2.19b

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