Ducommun Incorporated (DCO) vs Moog Inc. (MOG.B)

Ducommun Incorporated and Moog Inc. are both Aerospace & Defense companies. Moog Inc. is the larger, with a market value of $3.7B against $2.6B — 1.4× the size. Ducommun Incorporated has negative trailing earnings, so its P/E is not meaningful; Moog Inc. trades at 33.0×. Moog Inc. grew revenue faster over the last twelve months: 15.8% against 9.24%. Moog Inc. has the higher net margin (8.73% vs −2.45%) and the higher return on invested capital (10.5% vs −0.97%). Across the 20 metrics below, Moog Inc. leads on 16 and Ducommun Incorporated on 4.

Valuation

Metric DCO MOG.B Aerospace & Defense median
P/E n/m 33.00 33.00
P/S 3.01 2.88 3.63
P/B 3.77 5.60 3.24
Price to free cash flow n/m 35.21 34.01
EV/EBITDA 147.97 21.03 18.69
EV/Sales 3.29 3.08 3.94
Earnings yield (0.83%) 3.03% 1.31%
Free cash flow yield (0.93%) 2.84% 0.00%

Profitability

Metric DCO MOG.B Aerospace & Defense median
Gross margin 27.43% 28.20% 25.48%
Operating margin (1.66%) 11.93% 4.54%
Net margin (2.45%) 8.73% 2.22%
Free cash flow margin (2.81%) 8.18% 0.00%
Return on equity (3.03%) 18.11% 6.43%
Return on assets (1.79%) 8.23% 2.70%
Return on invested capital (0.97%) 10.52% 1.56%

Growth

Metric DCO MOG.B Aerospace & Defense median
Revenue growth (TTM) 9.24% 15.81% 18.43%
EPS growth (last fiscal year) (257.21%) 14.53% —
Revenue growth, 5-year CAGR 5.57% 6.00% 9.62%
Net income growth, 5-year CAGR 0.00% 91.17% 0.00%

Health

Metric DCO MOG.B Aerospace & Defense median
Debt to equity 0.40 0.41 0.24
Current ratio 3.36 2.09 2.72
Net debt to EBITDA (124.40) 1.75 1.12

Dividend

Metric DCO MOG.B Aerospace & Defense median
Dividend yield — 0.93% 1.04%
Payout ratio 0.00 0.21 0.00

Size

Metric DCO MOG.B Aerospace & Defense median
Market cap 2.64b 3.66b 2.52b

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