Joby Aviation, Inc. (JOBY) vs Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB)

Joby Aviation, Inc. and Grupo Aeroportuario del Centro Norte S.A.B. de C.V. are both Airports & Air Services companies. Joby Aviation, Inc. is the larger, with a market value of $4.8B against $3.8B — 1.2× the size. Joby Aviation, Inc. has negative trailing earnings, so its P/E is not meaningful; Grupo Aeroportuario del Centro Norte S.A.B. de C.V. trades at 14.7×. Joby Aviation, Inc. grew revenue faster over the last twelve months: 92,197.6% against 37.7%. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has the higher net margin (33.2% vs −755.1%) and the higher return on invested capital (30.0% vs −271.2%). Across the 18 metrics below, Grupo Aeroportuario del Centro Norte S.A.B. de C.V. leads on 14 and Joby Aviation, Inc. on 4.

Valuation

Metric JOBY OMAB Airports & Air Services median
P/E n/m 14.68 —
P/S 38.86 4.60 2.68
P/B 2.56 8.29 2.56
Price to free cash flow n/m 10.80 —
EV/EBITDA n/m 8.55 8.55
EV/Sales 25.42 5.19 2.91
Earnings yield (21.24%) 6.81% 1.90%
Free cash flow yield (16.45%) 9.26% (1.78%)

Profitability

Metric JOBY OMAB Airports & Air Services median
Gross margin 34.29% 74.88% 34.42%
Operating margin (759.20%) 55.19% 12.44%
Net margin (755.11%) 33.22% 6.20%
Free cash flow margin (639.18%) 42.58% 5.08%
Return on equity (65.90%) 67.69% 24.83%
Return on assets (43.78%) 20.20% 2.84%
Return on invested capital (271.21%) 30.00% 5.66%

Growth

Metric JOBY OMAB Airports & Air Services median
Revenue growth (TTM) 92,197.62% 37.68% 12.21%
EPS growth (last fiscal year) (29.89%) 25.25% 10.67%
Revenue growth, 5-year CAGR — 26.89% 26.64%
Net income growth, 5-year CAGR 0.00% 40.11% 1.16%

Health

Metric JOBY OMAB Airports & Air Services median
Debt to equity 0.40 1.35 0.48
Current ratio 17.98 0.66 1.31
Net debt to EBITDA 2.07 1.06 0.72

Dividend

Metric JOBY OMAB Airports & Air Services median
Dividend yield — 5.91% —
Payout ratio — 0.87 —

Size

Metric JOBY OMAB Airports & Air Services median
Market cap 4.78b 3.84b 3.93b

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