Coda Octopus Group Inc. (CODA) vs Vertical Aerospace Ltd. (EVTL)

Coda Octopus Group Inc. and Vertical Aerospace Ltd. are both Aerospace & Defense companies. Coda Octopus Group Inc. and Vertical Aerospace Ltd. are of similar size ($120.8M and $115.5M). Vertical Aerospace Ltd. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 24.3×. Coda Octopus Group Inc. has the higher net margin (17.6% vs 0.00%) and the higher return on invested capital (11.6% vs 0.00%). Across the 14 metrics below, Coda Octopus Group Inc. leads on 11 and Vertical Aerospace Ltd. on 3.

Valuation

Metric CODA EVTL Aerospace & Defense median
P/E 24.32 n/m 33.00
P/S 4.25 n/m 3.63
P/B 1.94 n/m 3.24
Price to free cash flow 21.39 n/m 34.01
EV/EBITDA 12.63 n/m 18.69
EV/Sales 3.16 n/m 3.94
Earnings yield 4.11% (9.19%) 1.31%
Free cash flow yield 4.68% (191.70%) 0.00%

Profitability

Metric CODA EVTL Aerospace & Defense median
Gross margin 66.11% 0.00% 25.48%
Operating margin 20.08% 0.00% 4.54%
Net margin 17.63% 0.00% 2.22%
Free cash flow margin 19.88% 0.00% 0.00%
Return on equity 8.41% (19.55%) 6.43%
Return on assets 7.71% 21.87% 2.70%
Return on invested capital 11.57% 0.00% 1.56%

Growth

Metric CODA EVTL Aerospace & Defense median
Revenue growth (TTM) 17.48% — 18.43%
EPS growth (last fiscal year) 15.62% 105.08% —
Revenue growth, 5-year CAGR 5.79% — 9.62%
Net income growth, 5-year CAGR 4.31% 0.00% 0.00%

Health

Metric CODA EVTL Aerospace & Defense median
Debt to equity 0.00 (0.06) 0.24
Current ratio 10.06 0.71 2.72
Net debt to EBITDA (4.84) 0.54 1.12

Dividend

Metric CODA EVTL Aerospace & Defense median
Dividend yield 4.32% — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric CODA EVTL Aerospace & Defense median
Market cap 120.84m 115.45m 2.52b

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