Clarus Corporation (CLAR) vs FST Corp. (KBSX)

Clarus Corporation and FST Corp. are both Leisure companies. Clarus Corporation is the larger, with a market value of $134.4M against $67.2M — 2.0× the size. Clarus Corporation has negative trailing earnings, so its P/E is not meaningful; FST Corp. trades at 14.4×. FST Corp. has the higher net margin (9.63% vs −12.4%) and the higher return on invested capital (2.71% vs −16.1%). Across the 16 metrics below, FST Corp. leads on 9 and Clarus Corporation on 7.

Valuation

Metric CLAR KBSX Leisure median
P/E n/m 14.38 17.42
P/S 0.54 1.42 1.02
P/B 0.69 4.72 2.13
Price to free cash flow n/m n/m 11.49
EV/EBITDA n/m 59.37 9.97
EV/Sales 0.44 1.83 2.00
Earnings yield (22.91%) 6.95% 2.85%
Free cash flow yield (0.42%) (0.12%) 3.64%

Profitability

Metric CLAR KBSX Leisure median
Gross margin 36.68% 45.28% 48.02%
Operating margin (17.21%) 3.08% 3.08%
Net margin (12.44%) 9.63% 2.58%
Free cash flow margin (0.13%) (0.17%) 2.13%
Return on equity (14.87%) 35.29% 0.00%
Return on assets (11.62%) 8.10% 0.05%
Return on invested capital (16.08%) 2.71% 3.95%

Growth

Metric CLAR KBSX Leisure median
Revenue growth (TTM) (0.53%) — 3.28%
EPS growth (last fiscal year) 11.68% 60.56% —
Revenue growth, 5-year CAGR 2.26% — 4.22%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric CLAR KBSX Leisure median
Debt to equity 0.00 1.91 0.02
Current ratio 4.45 0.94 1.76
Net debt to EBITDA 0.85 10.17 1.85

Dividend

Metric CLAR KBSX Leisure median
Dividend yield 1.65% — 2.86%
Payout ratio 0.15 0.00 0.00

Size

Metric CLAR KBSX Leisure median
Market cap 134.39m 67.15m 293.27m

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