Covista Inc. (CVSA) vs Twenty One Capital, Inc. (XXI)

Covista Inc. and Twenty One Capital, Inc. are both Education & Training Services companies. Covista Inc. and Twenty One Capital, Inc. are of similar size ($3.8B and $3.5B). Twenty One Capital, Inc. has negative trailing earnings, so its P/E is not meaningful; Covista Inc. trades at 15.2×. Covista Inc. has the higher net margin (12.8% vs 0.00%) and the higher return on invested capital (14.6% vs −0.86%). Across the 13 metrics below, Covista Inc. leads on 9 and Twenty One Capital, Inc. on 4.

Valuation

Metric CVSA XXI Education & Training Services median
P/E 15.16 n/m 12.09
P/S 1.91 n/m 0.80
P/B 2.70 1.39 1.39
Price to free cash flow 10.81 n/m 7.31
EV/EBITDA 8.47 n/m 6.36
EV/Sales 2.05 n/m 0.58
Earnings yield 6.60% (101.23%) 3.29%
Free cash flow yield 9.25% (0.46%) 3.03%

Profitability

Metric CVSA XXI Education & Training Services median
Gross margin 57.39% — 55.03%
Operating margin 19.76% 0.00% 0.00%
Net margin 12.84% 0.00% 1.77%
Free cash flow margin 17.70% 0.00% 0.00%
Return on equity 17.86% (137.05%) 0.00%
Return on assets 8.87% (107.69%) 0.00%
Return on invested capital 14.58% (0.86%) 0.00%

Growth

Metric CVSA XXI Education & Training Services median
Revenue growth (TTM) 9.28% — 5.84%
EPS growth (last fiscal year) 13.92% (1,639.74%) 14.71%
Revenue growth, 5-year CAGR 16.79% — 4.24%
Net income growth, 5-year CAGR 29.14% — 0.00%

Health

Metric CVSA XXI Education & Training Services median
Debt to equity 0.35 0.22 0.05
Current ratio 0.81 71.05 1.37
Net debt to EBITDA 0.54 (25.23) (0.04)

Dividend

Metric CVSA XXI Education & Training Services median
Dividend yield — — 2.64%
Payout ratio — — 0.26

Size

Metric CVSA XXI Education & Training Services median
Market cap 3.76b 3.48b 59.54m

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