Electrovaya Inc. (ELVA) vs SKYX Platforms Corp. (SKYX)

Electrovaya Inc. and SKYX Platforms Corp. are both Electrical Equipment & Parts companies. Electrovaya Inc. is the larger, with a market value of $268.0M against $136.8M — 2.0× the size. SKYX Platforms Corp. has negative trailing earnings, so its P/E is not meaningful; Electrovaya Inc. trades at 47.8×. Electrovaya Inc. grew revenue faster over the last twelve months: 30.9% against 8.05%. Electrovaya Inc. has the higher net margin (6.14% vs −35.5%) and the higher return on invested capital (4.60% vs −199.8%). Across the 19 metrics below, Electrovaya Inc. leads on 13 and SKYX Platforms Corp. on 6.

Valuation

Metric ELVA SKYX Electrical Equipment & Parts median
P/E 47.79 n/m 31.20
P/S 3.51 1.34 2.28
P/B 3.75 21.50 3.19
Price to free cash flow n/m n/m 27.15
EV/EBITDA 32.70 n/m 15.80
EV/Sales 3.87 1.24 2.38
Earnings yield 2.09% (28.13%) (5.87%)
Free cash flow yield (6.20%) (14.10%) 0.00%

Profitability

Metric ELVA SKYX Electrical Equipment & Parts median
Gross margin 33.00% 30.19% 25.38%
Operating margin 9.35% (30.26%) 0.00%
Net margin 6.14% (35.46%) 0.00%
Free cash flow margin (21.76%) (18.62%) 0.00%
Return on equity 9.85% 2,753.38% 0.14%
Return on assets 5.12% (49.25%) (1.50%)
Return on invested capital 4.60% (199.84%) 0.00%

Growth

Metric ELVA SKYX Electrical Equipment & Parts median
Revenue growth (TTM) 30.88% 8.05% 7.92%
EPS growth (last fiscal year) 300.00% 11.11% 27.37%
Revenue growth, 5-year CAGR 34.45% 223.82% 9.92%
Net income growth, 5-year CAGR 24.77% 0.00% 0.00%

Health

Metric ELVA SKYX Electrical Equipment & Parts median
Debt to equity 0.60 0.86 0.16
Current ratio 7.53 1.46 2.31
Net debt to EBITDA 2.17 (0.38) 0.26

Dividend

Metric ELVA SKYX Electrical Equipment & Parts median
Dividend yield — — 0.48%
Payout ratio — — 0.10

Size

Metric ELVA SKYX Electrical Equipment & Parts median
Market cap 268.00m 136.79m 157.22m

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