Coda Octopus Group Inc. (CODA) vs Safe Pro Group Inc. (SPAI)

Coda Octopus Group Inc. and Safe Pro Group Inc. are both Aerospace & Defense companies. Coda Octopus Group Inc. is the larger, with a market value of $111.9M against $71.9M — 1.6× the size. Safe Pro Group Inc. has negative trailing earnings, so its P/E is not meaningful; Coda Octopus Group Inc. trades at 22.6×. Safe Pro Group Inc. grew revenue faster over the last twelve months: 92.6% against 17.5%. Coda Octopus Group Inc. has the higher net margin (17.6% vs −500.0%) and the higher return on invested capital (11.6% vs −490.6%). Across the 17 metrics below, Coda Octopus Group Inc. leads on 16 and Safe Pro Group Inc. on 1.

Valuation

Metric CODA SPAI Aerospace & Defense median
P/E 22.57 n/m 31.81
P/S 3.92 23.50 3.55
P/B 1.79 5.66 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 20.00 3.37
Earnings yield 4.43% (22.40%) 1.38%
Free cash flow yield 5.08% (12.52%) 0.21%

Profitability

Metric CODA SPAI Aerospace & Defense median
Gross margin 66.11% 62.20% 25.48%
Operating margin 20.08% (513.85%) 4.54%
Net margin 17.63% (499.97%) 2.22%
Free cash flow margin 19.88% (294.13%) 1.43%
Return on equity 8.41% (198.18%) 6.43%
Return on assets 7.71% (168.80%) 2.70%
Return on invested capital 11.57% (490.56%) 1.56%

Growth

Metric CODA SPAI Aerospace & Defense median
Revenue growth (TTM) 17.48% 92.57% 18.43%
EPS growth (last fiscal year) 15.62% (21.43%) 24.27%
Revenue growth, 5-year CAGR 5.79% — 9.73%
Net income growth, 5-year CAGR 4.31% — 0.00%

Health

Metric CODA SPAI Aerospace & Defense median
Debt to equity 0.00 0.01 0.24
Current ratio 10.06 8.76 2.72
Net debt to EBITDA (4.84) 1.25 1.12

Dividend

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

Size

Metric CODA SPAI Aerospace & Defense median
Market cap 111.93m 71.88m 2.19b

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