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

Hexcel Corporation and Planet Labs PBC are both Aerospace & Defense companies. Hexcel Corporation and Planet Labs PBC are of similar size ($6.6B and $6.4B). Planet Labs PBC has negative trailing earnings, so its P/E is not meaningful; Hexcel Corporation trades at 42.9×. Planet Labs PBC grew revenue faster over the last twelve months: 44.1% against 5.41%. Hexcel Corporation has the higher net margin (7.76% vs −95.1%) and the higher return on invested capital (6.47% 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 42.88 n/m 33.00
P/S 3.28 16.59 3.63
P/B 5.00 11.12 3.24
Price to free cash flow 25.40 315.77 34.01
EV/EBITDA 21.09 n/m 18.69
EV/Sales 3.74 15.50 3.94
Earnings yield 2.33% (6.30%) 1.31%
Free cash flow yield 3.94% 0.32% 0.00%

Profitability

Metric HXL PL Aerospace & Defense median
Gross margin 24.96% 55.42% 25.48%
Operating margin 11.50% (27.16%) 4.54%
Net margin 7.76% (95.13%) 2.22%
Free cash flow margin 12.92% 5.25% 0.00%
Return on equity 10.76% (71.97%) 6.43%
Return on assets 5.51% (33.83%) 2.70%
Return on invested capital 6.47% (44.19%) 1.56%

Growth

Metric HXL PL Aerospace & Defense median
Revenue growth (TTM) 5.41% 44.12% 18.43%
EPS growth (last fiscal year) (13.84%) (90.48%) —
Revenue growth, 5-year CAGR 4.74% 22.15% 9.62%
Net income growth, 5-year CAGR 28.11% 0.00% 0.00%

Health

Metric HXL PL Aerospace & Defense median
Debt to equity 0.74 0.79 0.24
Current ratio 2.43 2.84 2.72
Net debt to EBITDA 3.15 3.64 1.12

Dividend

Metric HXL PL Aerospace & Defense median
Dividend yield 0.82% — 1.04%
Payout ratio 0.26 0.00 0.00

Size

Metric HXL PL Aerospace & Defense median
Market cap 6.40b 6.61b 2.52b

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