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 ($90.7M and $87.5M). Byrna Technologies Inc. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 18.5×. 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 18.55 28.48
P/S 0.90 3.22 2.95
P/B 1.56 1.47 2.68
Price to free cash flow 26.25 16.19 31.70
EV/EBITDA n/m 8.50 16.85
EV/Sales 0.82 2.12 2.74
Earnings yield (10.13%) 5.39% 0.89%
Free cash flow yield 3.81% 6.18% 0.00%

Profitability

Metric BYRN CODA Aerospace & Defense median
Gross margin 54.59% 66.11% 26.41%
Operating margin (11.35%) 20.08% 3.69%
Net margin (9.21%) 17.63% 2.74%
Free cash flow margin 3.57% 19.88% 0.00%
Return on equity (14.94%) 8.41% 4.44%
Return on assets (12.34%) 7.71% 1.90%
Return on invested capital (14.90%) 11.57% 0.26%

Growth

Metric BYRN CODA Aerospace & Defense median
Revenue growth (TTM) (13.42%) 17.48% 18.03%
EPS growth (last fiscal year) (27.27%) 15.62% 24.80%
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 0.20
Current ratio 5.54 10.06 2.85
Net debt to EBITDA (1.11) (4.84) 1.29

Dividend

Metric BYRN CODA Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric BYRN CODA Aerospace & Defense median
Market cap 87.53m 90.72m 1.78b

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