Gencor Industries Inc. (GENC) vs Titan International, Inc. (TWI)

Gencor Industries Inc. and Titan International, Inc. are both Farm & Heavy Construction Machinery companies. Titan International, Inc. is the larger, with a market value of $456.3M against $252.3M — 1.8× the size. Titan International, Inc. has negative trailing earnings, so its P/E is not meaningful; Gencor Industries Inc. trades at 17.2×. Titan International, Inc. grew revenue faster over the last twelve months: 4.69% against −6.39%. Gencor Industries Inc. has the higher net margin (13.5% vs −4.11%) and the higher return on invested capital (13.3% vs −0.11%). Across the 20 metrics below, Gencor Industries Inc. leads on 15 and Titan International, Inc. on 5.

Valuation

Metric GENC TWI Farm & Heavy Construction Machinery median
P/E 17.25 n/m 23.38
P/S 2.33 0.24 0.81
P/B 1.14 0.89 1.43
Price to free cash flow n/m n/m 25.31
EV/EBITDA 6.10 12.93 12.13
EV/Sales 0.83 0.47 1.20
Earnings yield 5.80% (17.09%) 2.73%
Free cash flow yield (0.63%) (1.72%) 3.02%

Profitability

Metric GENC TWI Farm & Heavy Construction Machinery median
Gross margin 28.58% 14.03% 24.21%
Operating margin 11.74% (0.09%) 4.47%
Net margin 13.53% (4.11%) 1.49%
Free cash flow margin (1.47%) (0.42%) 2.15%
Return on equity 6.85% (14.12%) 4.16%
Return on assets 6.49% (4.42%) 1.45%
Return on invested capital 13.32% (0.11%) 3.36%

Growth

Metric GENC TWI Farm & Heavy Construction Machinery median
Revenue growth (TTM) (6.39%) 4.69% 2.18%
EPS growth (last fiscal year) 8.08% (1,150.00%) —
Revenue growth, 5-year CAGR 8.32% 7.74% 7.34%
Net income growth, 5-year CAGR 23.14% 0.00% 0.00%

Health

Metric GENC TWI Farm & Heavy Construction Machinery median
Debt to equity 0.00 1.16 0.67
Current ratio 19.16 2.11 1.98
Net debt to EBITDA (8.32) 4.36 1.12

Dividend

Metric GENC TWI Farm & Heavy Construction Machinery median
Dividend yield — — 1.45%
Payout ratio 0.00 0.00 0.08

Size

Metric GENC TWI Farm & Heavy Construction Machinery median
Market cap 252.26m 456.31m 772.81m

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