Park Aerospace Corp. (PKE) vs Virgin Galactic Holdings, Inc. (SPCE)

Park Aerospace Corp. and Virgin Galactic Holdings, Inc. are both Aerospace & Defense companies. Park Aerospace Corp. is the larger, with a market value of $498.3M against $360.8M — 1.4× the size. Virgin Galactic Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Park Aerospace Corp. trades at 31.4×. Park Aerospace Corp. grew revenue faster over the last twelve months: 27.7% against −38.9%. Park Aerospace Corp. has the higher net margin (18.4% vs −23,867.4%) and the higher return on invested capital (22.1% vs −48.9%). Across the 19 metrics below, Park Aerospace Corp. leads on 16 and Virgin Galactic Holdings, Inc. on 3.

Valuation

Metric PKE SPCE Aerospace & Defense median
P/E 31.36 n/m 28.48
P/S 6.09 253.95 2.95
P/B 3.02 0.67 2.68
Price to free cash flow 42.85 n/m 31.70
EV/EBITDA 23.59 n/m 16.85
EV/Sales 5.52 189.32 2.74
Earnings yield 3.19% (142.02%) 0.89%
Free cash flow yield 2.33% (146.61%) 0.00%

Profitability

Metric PKE SPCE Aerospace & Defense median
Gross margin 32.68% 100.00% 26.41%
Operating margin 21.06% (24,804.53%) 3.69%
Net margin 18.43% (23,867.44%) 2.74%
Free cash flow margin 14.21% (37,231.31%) 0.00%
Return on equity 11.06% (75.13%) 4.44%
Return on assets 10.19% (28.89%) 1.90%
Return on invested capital 22.12% (48.91%) 0.26%

Growth

Metric PKE SPCE Aerospace & Defense median
Revenue growth (TTM) 27.71% (38.87%) 18.03%
EPS growth (last fiscal year) 93.10% 60.84% 24.80%
Revenue growth, 5-year CAGR 9.64% 45.35% 9.73%
Net income growth, 5-year CAGR 18.30% 0.00% 0.00%

Health

Metric PKE SPCE Aerospace & Defense median
Debt to equity 0.00 0.55 0.20
Current ratio 22.75 1.62 2.85
Net debt to EBITDA (5.82) 0.05 1.29

Dividend

Metric PKE SPCE Aerospace & Defense median
Dividend yield 2.21% — 0.91%
Payout ratio 0.69 — 0.30

Size

Metric PKE SPCE Aerospace & Defense median
Market cap 498.34m 360.80m 1.78b

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