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 $94.7M against $65.9M — 1.4× the size. New Horizon Aircraft Ltd. has negative trailing earnings, so its P/E is not meaningful; CPI Aerostructures, Inc. trades at 17.0×. 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 17.03 n/m 31.81
P/S 0.87 n/m 3.55
P/B 2.27 2.07 2.59
Price to free cash flow n/m n/m 31.99
EV/EBITDA 12.95 n/m 18.08
EV/Sales 1.11 n/m 3.37
Earnings yield 5.87% (29.71%) 1.38%
Free cash flow yield (3.72%) (18.17%) 0.21%

Profitability

Metric CVU HOVR Aerospace & Defense median
Gross margin 22.54% — 25.48%
Operating margin 8.18% 0.00% 4.54%
Net margin 5.06% 0.00% 2.22%
Free cash flow margin (3.22%) 0.00% 1.43%
Return on equity 14.37% (80.54%) 6.43%
Return on assets 4.94% (57.33%) 2.70%
Return on invested capital 8.14% 0.00% 1.56%

Growth

Metric CVU HOVR Aerospace & Defense median
Revenue growth (TTM) 2.59% — 18.43%
EPS growth (last fiscal year) (126.92%) (566.67%) 24.27%
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 0.24
Current ratio 1.97 30.19 2.72
Net debt to EBITDA 54.35 3.38 1.12

Dividend

Metric CVU HOVR Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric CVU HOVR Aerospace & Defense median
Market cap 65.85m 94.65m 2.19b

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