Byrna Technologies Inc. (BYRN) vs New Horizon Aircraft Ltd. (HOVR)

Byrna Technologies Inc. and New Horizon Aircraft Ltd. are both Aerospace & Defense companies. Byrna Technologies Inc. is the larger, with a market value of $111.9M against $94.7M — 1.2× the size. New Horizon Aircraft Ltd. has the higher net margin (0.00% vs −9.21%) and the higher return on invested capital (0.00% vs −14.9%). Across the 12 metrics below, Byrna Technologies Inc. leads on 8 and New Horizon Aircraft Ltd. on 4.

Valuation

Metric BYRN HOVR Aerospace & Defense median
P/E n/m n/m 31.81
P/S 1.16 n/m 3.55
P/B 2.02 2.07 2.59
Price to free cash flow 33.95 n/m 31.99
EV/EBITDA n/m n/m 18.08
EV/Sales 1.08 n/m 3.37
Earnings yield (7.77%) (29.71%) 1.38%
Free cash flow yield 2.95% (18.17%) 0.21%

Profitability

Metric BYRN HOVR Aerospace & Defense median
Gross margin 54.59% — 25.48%
Operating margin (11.35%) 0.00% 4.54%
Net margin (9.21%) 0.00% 2.22%
Free cash flow margin 3.57% 0.00% 1.43%
Return on equity (14.94%) (80.54%) 6.43%
Return on assets (12.34%) (57.33%) 2.70%
Return on invested capital (14.90%) 0.00% 1.56%

Growth

Metric BYRN HOVR Aerospace & Defense median
Revenue growth (TTM) (13.42%) — 18.43%
EPS growth (last fiscal year) (27.27%) (566.67%) 24.27%
Revenue growth, 5-year CAGR 48.12% — 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BYRN HOVR Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 5.54 30.19 2.72
Net debt to EBITDA (1.11) 3.38 1.12

Dividend

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

Size

Metric BYRN HOVR Aerospace & Defense median
Market cap 111.87m 94.65m 2.19b

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