Coda Octopus Group Inc. (CODA) vs Draganfly Inc. (DPRO)

Coda Octopus Group Inc. and Draganfly Inc. are both Aerospace & Defense companies. Draganfly Inc. is the larger, with a market value of $110.0M against $90.7M — 1.2× the size. Draganfly Inc. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 18.5×. Draganfly Inc. grew revenue faster over the last twelve months: 27.1% against 17.5%. Coda Octopus Group Inc. has the higher net margin (17.6% vs −358.2%) and the higher return on invested capital (11.6% vs −131.7%). Across the 19 metrics below, Coda Octopus Group Inc. leads on 13 and Draganfly Inc. on 6.

Valuation

Metric CODA DPRO Aerospace & Defense median
P/E 18.55 n/m 28.48
P/S 3.22 15.85 2.95
P/B 1.47 0.96 2.68
Price to free cash flow 16.19 n/m 31.70
EV/EBITDA 8.50 n/m 16.85
EV/Sales 2.12 1.30 2.74
Earnings yield 5.39% (27.66%) 0.89%
Free cash flow yield 6.18% (26.21%) 0.00%

Profitability

Metric CODA DPRO Aerospace & Defense median
Gross margin 66.11% 15.35% 26.41%
Operating margin 20.08% (397.00%) 3.69%
Net margin 17.63% (358.23%) 2.74%
Free cash flow margin 19.88% (415.47%) 0.00%
Return on equity 8.41% (37.72%) 4.44%
Return on assets 7.71% (35.52%) 1.90%
Return on invested capital 11.57% (131.68%) 0.26%

Growth

Metric CODA DPRO Aerospace & Defense median
Revenue growth (TTM) 17.48% 27.07% 18.03%
EPS growth (last fiscal year) 15.62% 67.60% 24.80%
Revenue growth, 5-year CAGR 5.79% 10.00% 9.73%
Net income growth, 5-year CAGR 4.31% 0.00% 0.00%

Health

Metric CODA DPRO Aerospace & Defense median
Debt to equity 0.00 0.00 0.20
Current ratio 10.06 29.62 2.85
Net debt to EBITDA (4.84) 4.40 1.29

Dividend

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

Size

Metric CODA DPRO Aerospace & Defense median
Market cap 90.72m 109.98m 1.78b

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