Compass Diversified Holdings (CODI) vs Seaboard Corporation (SEB)

Compass Diversified Holdings and Seaboard Corporation are both Conglomerates companies. Seaboard Corporation is the larger, with a market value of $3.8B against $846.4M — 4.5× the size. Compass Diversified Holdings has negative trailing earnings, so its P/E is not meaningful; Seaboard Corporation trades at 6.0×. Seaboard Corporation grew revenue faster over the last twelve months: 8.17% against −4.83%. Seaboard Corporation has the higher net margin (6.17% vs −5.29%) and the higher return on invested capital (3.66% vs 1.84%). Both pay a dividend; Compass Diversified Holdings yields more (4.54% vs 0.25%). Across the 22 metrics below, Seaboard Corporation leads on 16 and Compass Diversified Holdings on 6.

Valuation

Metric CODI SEB Conglomerates median
P/E n/m 6.00 17.47
P/S 0.47 0.37 0.88
P/B 6.54 0.69 1.40
Price to free cash flow 10.63 200.13 12.58
EV/EBITDA 11.45 6.25 11.36
EV/Sales 1.31 0.41 1.37
Earnings yield (19.29%) 16.67% 0.65%
Free cash flow yield 9.41% 0.50% 0.00%

Profitability

Metric CODI SEB Conglomerates median
Gross margin 44.59% 8.05% 33.55%
Operating margin 3.46% 3.36% 3.36%
Net margin (5.29%) 6.17% 0.97%
Free cash flow margin 4.44% 0.18% (0.94%)
Return on equity (304.87%) 12.23% 0.75%
Return on assets (3.15%) 7.67% 0.10%
Return on invested capital 1.84% 3.66% 0.73%

Growth

Metric CODI SEB Conglomerates median
Revenue growth (TTM) (4.83%) 8.17% 8.17%
EPS growth (last fiscal year) (214.91%) 467.71% —
Revenue growth, 5-year CAGR 5.29% 6.46% 6.01%
Net income growth, 5-year CAGR 0.00% 11.88% 0.00%

Health

Metric CODI SEB Conglomerates median
Debt to equity 2.61 0.29 0.48
Current ratio 2.26 2.40 1.79
Net debt to EBITDA 11.78 0.37 1.36

Dividend

Metric CODI SEB Conglomerates median
Dividend yield 4.54% 0.25% 2.53%
Payout ratio — 0.03 0.00

Size

Metric CODI SEB Conglomerates median
Market cap 846.40m 3.78b 519.65m

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