Hexcel Corporation (HXL) vs Planet Labs PBC (PL)

Hexcel Corporation and Planet Labs PBC are both Aerospace & Defense companies. Hexcel Corporation is the larger, with a market value of $6.1B against $4.1B — 1.5× the size. Planet Labs PBC has negative trailing earnings, so its P/E is not meaningful; Hexcel Corporation trades at 36.0×. Planet Labs PBC grew revenue faster over the last twelve months: 44.1% against 7.57%. Hexcel Corporation has the higher net margin (8.50% vs −95.1%) and the higher return on invested capital (7.04% vs −44.2%). Across the 20 metrics below, Hexcel Corporation leads on 16 and Planet Labs PBC on 4.

Valuation

Metric HXL PL Aerospace & Defense median
P/E 35.97 n/m 28.48
P/S 3.04 10.90 2.95
P/B 4.63 7.31 2.68
Price to free cash flow 29.24 207.56 31.70
EV/EBITDA 18.97 n/m 16.85
EV/Sales 3.47 9.82 2.74
Earnings yield 2.78% (9.59%) 0.89%
Free cash flow yield 3.42% 0.48% 0.00%

Profitability

Metric HXL PL Aerospace & Defense median
Gross margin 25.23% 55.42% 26.41%
Operating margin 12.21% (27.16%) 3.69%
Net margin 8.50% (95.13%) 2.74%
Free cash flow margin 10.39% 5.25% 0.00%
Return on equity 11.86% (71.97%) 4.44%
Return on assets 6.25% (33.83%) 1.90%
Return on invested capital 7.04% (44.19%) 0.26%

Growth

Metric HXL PL Aerospace & Defense median
Revenue growth (TTM) 7.57% 44.12% 18.03%
EPS growth (last fiscal year) (13.84%) (90.48%) 24.80%
Revenue growth, 5-year CAGR 4.74% 22.15% 9.73%
Net income growth, 5-year CAGR 28.11% 0.00% 0.00%

Health

Metric HXL PL Aerospace & Defense median
Debt to equity 0.71 0.79 0.20
Current ratio 2.57 2.84 2.85
Net debt to EBITDA 3.15 3.64 1.29

Dividend

Metric HXL PL Aerospace & Defense median
Dividend yield 0.89% — 0.91%
Payout ratio 0.32 — 0.30

Size

Metric HXL PL Aerospace & Defense median
Market cap 6.10b 4.14b 1.78b

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