Belpointe PREP, LLC (OZ) vs Sky Harbour Group Corporation (SKYH)

Belpointe PREP, LLC and Sky Harbour Group Corporation are both Real Estate Development companies. Sky Harbour Group Corporation is the larger, with a market value of $802.4M against $178.4M — 4.5× the size. Belpointe PREP, LLC has negative trailing earnings, so its P/E is not meaningful; Sky Harbour Group Corporation trades at 334×. Belpointe PREP, LLC grew revenue faster over the last twelve months: 164.2% against 62.2%. Sky Harbour Group Corporation has the higher net margin (2.73% vs −290.5%) and the higher return on invested capital (0.00% vs −5.01%). Across the 17 metrics below, Sky Harbour Group Corporation leads on 13 and Belpointe PREP, LLC on 4.

Valuation

Metric OZ SKYH Real Estate Development median
P/E n/m 333.67 7.17
P/S 11.49 10.16 1.63
P/B 0.67 2.10 0.70
Price to free cash flow n/m n/m 7.76
EV/EBITDA n/m n/m 11.00
EV/Sales 29.17 4.07 2.43
Earnings yield (25.76%) 0.30% 7.33%
Free cash flow yield (31.80%) (1.59%) (1.59%)

Profitability

Metric OZ SKYH Real Estate Development median
Gross margin (21.25%) 100.00% 29.60%
Operating margin (277.35%) (80.78%) (2.67%)
Net margin (290.46%) 2.73% 3.36%
Free cash flow margin (365.36%) (16.14%) (0.89%)
Return on equity (15.92%) 0.56% 0.56%
Return on assets (7.81%) 0.13% 1.11%
Return on invested capital (5.01%) 0.00% 0.00%

Growth

Metric OZ SKYH Real Estate Development median
Revenue growth (TTM) 164.23% 62.23% 11.77%
EPS growth (last fiscal year) (63.41%) 105.11% —
Revenue growth, 5-year CAGR 146.47% — 5.69%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OZ SKYH Real Estate Development median
Debt to equity 1.08 0.00 0.37
Current ratio 1.45 0.34 0.63
Net debt to EBITDA (8.65) 2.28 1.81

Dividend

Metric OZ SKYH Real Estate Development median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric OZ SKYH Real Estate Development median
Market cap 178.40m 802.42m 178.40m

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