CPI Aerostructures, Inc. (CVU) vs New Horizon Aircraft Ltd. (HOVR)

CPI Aerostructures, Inc. and New Horizon Aircraft Ltd. are both Aerospace & Defense companies. New Horizon Aircraft Ltd. is the larger, with a market value of $75.9M against $59.1M — 1.3× the size. New Horizon Aircraft Ltd. has negative trailing earnings, so its P/E is not meaningful; CPI Aerostructures, Inc. trades at 15.3×. CPI Aerostructures, Inc. has the higher net margin (5.06% vs 0.00%) and the higher return on invested capital (8.14% vs 0.00%). Across the 13 metrics below, CPI Aerostructures, Inc. leads on 8 and New Horizon Aircraft Ltd. on 5.

Valuation

Metric CVU HOVR Aerospace & Defense median
P/E 15.28 n/m 28.48
P/S 0.78 n/m 2.95
P/B 2.03 1.69 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA 11.91 n/m 16.85
EV/Sales 1.02 n/m 2.74
Earnings yield 6.55% (36.28%) 0.89%
Free cash flow yield (4.15%) (22.19%) 0.00%

Profitability

Metric CVU HOVR Aerospace & Defense median
Gross margin 22.54% — 26.41%
Operating margin 8.18% 0.00% 3.69%
Net margin 5.06% 0.00% 2.74%
Free cash flow margin (3.22%) 0.00% 0.00%
Return on equity 14.37% (80.54%) 4.44%
Return on assets 4.94% (57.33%) 1.90%
Return on invested capital 8.14% 0.00% 0.26%

Growth

Metric CVU HOVR Aerospace & Defense median
Revenue growth (TTM) 2.59% — 18.03%
EPS growth (last fiscal year) (126.92%) (566.67%) 24.80%
Revenue growth, 5-year CAGR (4.59%) — 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVU HOVR Aerospace & Defense median
Debt to equity 0.68 0.00 0.20
Current ratio 1.97 30.19 2.85
Net debt to EBITDA 54.35 3.38 1.29

Dividend

Metric CVU HOVR Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric CVU HOVR Aerospace & Defense median
Market cap 59.10m 75.85m 1.78b

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