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 $111.9M against $69.3M — 1.6× the size. Byrna Technologies Inc. has negative trailing earnings, so its P/E is not meaningful; Optex Systems Holdings Inc. trades at 17.5×. Optex Systems Holdings Inc. grew revenue faster over the last twelve months: 0.81% against −13.4%. Optex Systems Holdings Inc. has the higher net margin (9.77% vs −9.21%) and the higher return on invested capital (15.3% vs −14.9%). Across the 19 metrics below, Optex Systems Holdings Inc. leads on 11 and Byrna Technologies Inc. on 8.

Valuation

Metric BYRN OPXS Aerospace & Defense median
P/E n/m 17.54 31.81
P/S 1.16 1.71 3.55
P/B 2.02 2.45 2.59
Price to free cash flow 33.95 47.79 31.99
EV/EBITDA n/m 11.14 18.08
EV/Sales 1.08 1.59 3.37
Earnings yield (7.77%) 5.70% 1.38%
Free cash flow yield 2.95% 2.09% 0.21%

Profitability

Metric BYRN OPXS Aerospace & Defense median
Gross margin 54.59% 30.69% 25.48%
Operating margin (11.35%) 13.25% 4.54%
Net margin (9.21%) 9.77% 2.22%
Free cash flow margin 3.57% 3.66% 1.43%
Return on equity (14.94%) 15.28% 6.43%
Return on assets (12.34%) 12.61% 2.70%
Return on invested capital (14.90%) 15.28% 1.56%

Growth

Metric BYRN OPXS Aerospace & Defense median
Revenue growth (TTM) (13.42%) 0.81% 18.43%
EPS growth (last fiscal year) (27.27%) 34.55% 24.27%
Revenue growth, 5-year CAGR 48.12% 9.81% 9.73%
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 5.54 7.09 2.72
Net debt to EBITDA (1.11) (0.84) 1.12

Dividend

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

Size

Metric BYRN OPXS Aerospace & Defense median
Market cap 111.87m 69.32m 2.19b

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