MDA Space Ltd. (MDA) vs Planet Labs PBC (PL)

MDA Space Ltd. and Planet Labs PBC are both Aerospace & Defense companies. Planet Labs PBC is the larger, with a market value of $4.9B against $4.4B — 1.1× the size. Planet Labs PBC has negative trailing earnings, so its P/E is not meaningful; MDA Space Ltd. trades at 46.5×. MDA Space Ltd. has the higher net margin (5.68% vs −95.1%) and the higher return on invested capital (5.05% vs −44.2%). Across the 16 metrics below, MDA Space Ltd. leads on 12 and Planet Labs PBC on 4.

Valuation

Metric MDA PL Aerospace & Defense median
P/E 46.46 n/m 31.60
P/S 2.80 12.88 3.36
P/B 2.78 8.63 2.99
Price to free cash flow n/m 245.19 33.23
EV/EBITDA 16.34 n/m 19.00
EV/Sales 2.78 11.79 3.37
Earnings yield 2.15% (8.12%) 0.90%
Free cash flow yield (4.61%) 0.41% 0.00%

Profitability

Metric MDA PL Aerospace & Defense median
Gross margin 25.43% 55.42% 25.95%
Operating margin 7.99% (27.16%) 1.21%
Net margin 5.68% (95.13%) 2.11%
Free cash flow margin (12.91%) 5.25% 0.00%
Return on equity 6.70% (71.97%) 2.67%
Return on assets 3.07% (33.83%) 1.90%
Return on invested capital 5.05% (44.19%) 0.25%

Growth

Metric MDA PL Aerospace & Defense median
Revenue growth (TTM) — 44.12% 18.25%
EPS growth (last fiscal year) 30.24% (90.48%) 24.80%
Revenue growth, 5-year CAGR — 22.15% 9.73%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MDA PL Aerospace & Defense median
Debt to equity 0.19 0.79 0.18
Current ratio 0.75 2.84 2.85
Net debt to EBITDA 0.84 3.64 1.29

Dividend

Metric MDA PL Aerospace & Defense median
Dividend yield — — 0.87%
Payout ratio — — 0.30

Size

Metric MDA PL Aerospace & Defense median
Market cap 4.43b 4.92b 1.94b

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