Byrna Technologies Inc. (BYRN) vs Optex Systems Holdings Inc. (OPXS)

Byrna Technologies Inc. and Optex Systems Holdings Inc. are both Aerospace & Defense companies. Byrna Technologies Inc. is the larger, with a market value of $84.7M against $72.7M — 1.2× the size. Byrna Technologies Inc. has negative trailing earnings, so its P/E is not meaningful; Optex Systems Holdings Inc. trades at 18.6×. Byrna Technologies Inc. grew revenue faster over the last twelve months: 5.15% against 0.81%. Optex Systems Holdings Inc. has the higher net margin (9.77% vs −3.39%) and the higher return on invested capital (15.3% vs −6.85%). Across the 18 metrics below, Optex Systems Holdings Inc. leads on 11 and Byrna Technologies Inc. on 7.

Valuation

Metric BYRN OPXS Aerospace & Defense median
P/E n/m 18.61 33.00
P/S 0.73 1.82 3.63
P/B 1.39 2.60 3.24
Price to free cash flow n/m 50.71 34.01
EV/EBITDA n/m 11.87 18.69
EV/Sales 0.65 1.70 3.94
Earnings yield (4.30%) 5.37% 1.31%
Free cash flow yield (0.79%) 1.97% 0.00%

Profitability

Metric BYRN OPXS Aerospace & Defense median
Gross margin 52.51% 30.69% 25.48%
Operating margin (4.69%) 13.25% 4.54%
Net margin (3.39%) 9.77% 2.22%
Free cash flow margin (0.44%) 3.66% 0.00%
Return on equity (6.30%) 15.28% 6.43%
Return on assets (5.06%) 12.61% 2.70%
Return on invested capital (6.85%) 15.28% 1.56%

Growth

Metric BYRN OPXS Aerospace & Defense median
Revenue growth (TTM) 5.15% 0.81% 18.43%
EPS growth (last fiscal year) (27.27%) 34.55% —
Revenue growth, 5-year CAGR 48.12% 9.81% 9.62%
Net income growth, 5-year CAGR 0.00% 33.21% 0.00%

Health

Metric BYRN OPXS Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 4.86 7.09 2.72
Net debt to EBITDA (1.11) (0.84) 1.12

Dividend

Metric BYRN OPXS Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 — 0.00

Size

Metric BYRN OPXS Aerospace & Defense median
Market cap 84.73m 72.73m 2.52b

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