LightPath Technologies, Inc. (LPTH) vs M-tron Industries, Inc. (MPTI)

LightPath Technologies, Inc. and M-tron Industries, Inc. are both Electronic Components companies. LightPath Technologies, Inc. is the larger, with a market value of $707.4M against $324.5M — 2.2× the size. LightPath Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; M-tron Industries, Inc. trades at 25.2×. LightPath Technologies, Inc. grew revenue faster over the last twelve months: 92.8% against 11.9%. M-tron Industries, Inc. has the higher net margin (16.4% vs −28.7%) and the higher return on invested capital (29.9% vs −21.6%). Across the 19 metrics below, M-tron Industries, Inc. leads on 17 and LightPath Technologies, Inc. on 2.

Valuation

Metric LPTH MPTI Electronic Components median
P/E n/m 25.19 39.06
P/S 7.43 5.16 3.22
P/B 3.56 2.53 3.30
Price to free cash flow n/m 31.69 26.65
EV/EBITDA n/m 17.09 19.69
EV/Sales 6.14 3.51 3.53
Earnings yield (4.01%) 3.97% 1.34%
Free cash flow yield (3.01%) 3.16% 0.40%

Profitability

Metric LPTH MPTI Electronic Components median
Gross margin 35.98% 44.28% 33.21%
Operating margin (27.40%) 18.49% 3.53%
Net margin (28.65%) 16.35% 2.57%
Free cash flow margin (22.33%) 16.28% 0.20%
Return on equity (24.89%) 12.40% 2.60%
Return on assets (14.91%) 11.49% 2.50%
Return on invested capital (21.61%) 29.94% 2.28%

Growth

Metric LPTH MPTI Electronic Components median
Revenue growth (TTM) 92.79% 11.85% 12.01%
EPS growth (last fiscal year) (5.56%) (1.13%) —
Revenue growth, 5-year CAGR 13.27% 12.66% 7.19%
Net income growth, 5-year CAGR 0.00% 29.60% 0.00%

Health

Metric LPTH MPTI Electronic Components median
Debt to equity 0.00 0.00 0.16
Current ratio 4.96 16.63 2.41
Net debt to EBITDA 6.38 (1.84) 0.32

Dividend

Metric LPTH MPTI Electronic Components median
Dividend yield — — 1.18%
Payout ratio 0.00 — 0.00

Size

Metric LPTH MPTI Electronic Components median
Market cap 707.36m 324.46m 780.25m

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