Captivision Inc. (CPTAF) vs Smith-Midland Corp. (SMID)

Captivision Inc. and Smith-Midland Corp. are both Building Materials companies. Smith-Midland Corp. is the larger, with a market value of $127.4M against $2.0M — 64.0× the size. Captivision Inc. has negative trailing earnings, so its P/E is not meaningful; Smith-Midland Corp. trades at 16.7×. Smith-Midland Corp. has the higher net margin (8.63% vs 0.00%) and the higher return on invested capital (13.5% vs 0.00%). Across the 12 metrics below, Smith-Midland Corp. leads on 10 and Captivision Inc. on 2.

Valuation

Metric CPTAF SMID Building Materials median
P/E n/m 16.74 17.22
P/S n/m 1.44 1.54
P/B n/m 2.26 2.26
Price to free cash flow n/m 30.77 30.28
EV/EBITDA n/m 8.51 9.38
EV/Sales n/m 1.37 1.85
Earnings yield 0.00% 5.97% 4.53%
Free cash flow yield 0.00% 3.25% 3.08%

Profitability

Metric CPTAF SMID Building Materials median
Gross margin — 23.46% 27.27%
Operating margin 0.00% 12.07% 13.85%
Net margin 0.00% 8.63% 9.59%
Free cash flow margin 0.00% 4.68% 8.06%
Return on equity 0.00% 14.54% 9.62%
Return on assets 0.00% 9.21% 5.86%
Return on invested capital 0.00% 13.54% 6.03%

Growth

Metric CPTAF SMID Building Materials median
Revenue growth (TTM) — (1.65%) 6.93%
EPS growth (last fiscal year) (632.50%) 62.76% —
Revenue growth, 5-year CAGR — 16.33% 7.63%
Net income growth, 5-year CAGR — 36.23% 7.04%

Health

Metric CPTAF SMID Building Materials median
Debt to equity (0.44) 0.06 0.51
Current ratio 0.25 4.06 1.58
Net debt to EBITDA (2.01) (0.41) 1.48

Dividend

Metric CPTAF SMID Building Materials median
Dividend yield — — 0.74%
Payout ratio 0.00 0.00 0.08

Size

Metric CPTAF SMID Building Materials median
Market cap 1.99m 127.42m 2.76b

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