Coda Octopus Group Inc. (CODA) vs New Horizon Aircraft Ltd. (HOVR)

Coda Octopus Group Inc. and New Horizon Aircraft Ltd. are both Aerospace & Defense companies. Coda Octopus Group Inc. is the larger, with a market value of $111.9M against $94.7M — 1.2× the size. New Horizon Aircraft Ltd. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 22.6×. 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 13 metrics below, Coda Octopus Group Inc. leads on 12 and New Horizon Aircraft Ltd. on 1.

Valuation

Metric CODA HOVR Aerospace & Defense median
P/E 22.57 n/m 31.81
P/S 3.92 n/m 3.55
P/B 1.79 2.07 2.59
Price to free cash flow 19.70 n/m 31.99
EV/EBITDA 11.29 n/m 18.08
EV/Sales 2.82 n/m 3.37
Earnings yield 4.43% (29.71%) 1.38%
Free cash flow yield 5.08% (18.17%) 0.21%

Profitability

Metric CODA HOVR Aerospace & Defense median
Gross margin 66.11% — 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% 1.43%
Return on equity 8.41% (80.54%) 6.43%
Return on assets 7.71% (57.33%) 2.70%
Return on invested capital 11.57% 0.00% 1.56%

Growth

Metric CODA HOVR Aerospace & Defense median
Revenue growth (TTM) 17.48% — 18.43%
EPS growth (last fiscal year) 15.62% (566.67%) 24.27%
Revenue growth, 5-year CAGR 5.79% — 9.73%
Net income growth, 5-year CAGR 4.31% 0.00% 0.00%

Health

Metric CODA HOVR Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 10.06 30.19 2.72
Net debt to EBITDA (4.84) 3.38 1.12

Dividend

Metric CODA HOVR Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric CODA HOVR Aerospace & Defense median
Market cap 111.93m 94.65m 2.19b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack