Cyanotech Corporation (CYAN) vs Functional Brands Inc. (MEHA)

Cyanotech Corporation and Functional Brands Inc. are both Packaged Foods companies. Functional Brands Inc. is the larger, with a market value of $1.9M against $1.7M — 1.2× the size. Cyanotech Corporation has the higher net margin (−0.25% vs −126.9%) and the higher return on invested capital (2.63% vs 0.00%). Across the 14 metrics below, Cyanotech Corporation leads on 7 and Functional Brands Inc. on 7.

Valuation

Metric CYAN MEHA Packaged Foods median
P/E n/m n/m 12.69
P/S 0.13 n/m 0.61
P/B 0.44 n/m 1.47
Price to free cash flow 5.09 n/m 8.50
EV/EBITDA 7.02 n/m 8.20
EV/Sales 0.39 0.19 0.85
Earnings yield (28.08%) 0.00% 0.00%
Free cash flow yield 19.65% 0.00% 6.05%

Profitability

Metric CYAN MEHA Packaged Foods median
Gross margin 35.40% 55.64% 27.54%
Operating margin 2.32% (47.94%) 0.00%
Net margin (0.25%) (126.93%) 0.00%
Free cash flow margin 2.56% (42.70%) 2.56%
Return on equity (0.85%) 553.71% 0.00%
Return on assets (0.30%) (263.75%) 0.00%
Return on invested capital 2.63% 0.00% 0.00%

Growth

Metric CYAN MEHA Packaged Foods median
Revenue growth (TTM) 12.83% — 5.69%
EPS growth (last fiscal year) 60.00% 112.50% —
Revenue growth, 5-year CAGR (3.84%) — 3.81%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric CYAN MEHA Packaged Foods median
Debt to equity 1.02 (0.54) 0.26
Current ratio 1.06 0.49 1.64
Net debt to EBITDA 5.62 1.88 0.87

Dividend

Metric CYAN MEHA Packaged Foods median
Dividend yield — — 3.21%
Payout ratio 0.00 — 0.00

Size

Metric CYAN MEHA Packaged Foods median
Market cap 1.65m 1.92m 245.45m

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