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 $645.1M against $492.7M — 1.3× the size. Virgin Galactic Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Park Aerospace Corp. trades at 47.8×. Park Aerospace Corp. grew revenue faster over the last twelve months: 20.1% against −38.9%. Park Aerospace Corp. has the higher net margin (16.7% vs −23,867.4%) and the higher return on invested capital (22.7% 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 47.79 n/m 33.00
P/S 8.25 340.38 3.63
P/B 4.80 0.89 3.24
Price to free cash flow 57.36 n/m 34.01
EV/EBITDA 31.81 n/m 18.69
EV/Sales 7.08 275.75 3.94
Earnings yield 2.09% (105.96%) 1.31%
Free cash flow yield 1.74% (109.38%) 0.00%

Profitability

Metric PKE SPCE Aerospace & Defense median
Gross margin 31.92% 100.00% 25.48%
Operating margin 19.81% (24,804.53%) 4.54%
Net margin 16.70% (23,867.44%) 2.22%
Free cash flow margin 14.38% (37,231.31%) 0.00%
Return on equity 10.79% (75.13%) 6.43%
Return on assets 9.60% (28.89%) 2.70%
Return on invested capital 22.69% (48.91%) 1.56%

Growth

Metric PKE SPCE Aerospace & Defense median
Revenue growth (TTM) 20.10% (38.87%) 18.43%
EPS growth (last fiscal year) 93.10% 60.84% —
Revenue growth, 5-year CAGR 6.47% 45.35% 9.62%
Net income growth, 5-year CAGR 5.90% 0.00% 0.00%

Health

Metric PKE SPCE Aerospace & Defense median
Debt to equity 0.00 0.55 0.24
Current ratio 15.29 1.62 2.72
Net debt to EBITDA (5.82) 0.05 1.12

Dividend

Metric PKE SPCE Aerospace & Defense median
Dividend yield 3.43% — 1.04%
Payout ratio 0.82 0.00 0.00

Size

Metric PKE SPCE Aerospace & Defense median
Market cap 645.14m 492.69m 2.52b

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