Park Aerospace Corp. (PKE) vs TAT Technologies Ltd. (TATT)

Park Aerospace Corp. and TAT Technologies Ltd. are both Aerospace & Defense companies. Park Aerospace Corp. is the larger, with a market value of $575.9M against $504.2M — 1.1× the size. TAT Technologies Ltd. trades at the lower P/E: 24.1× against 36.3×. Park Aerospace Corp. grew revenue faster over the last twelve months: 27.7% against 12.1%. Park Aerospace Corp. has the higher net margin (18.4% vs 11.3%) and the higher return on invested capital (22.1% vs 8.08%). Across the 22 metrics below, Park Aerospace Corp. leads on 14 and TAT Technologies Ltd. on 8.

Valuation

Metric PKE TATT Aerospace & Defense median
P/E 36.33 24.12 31.60
P/S 7.05 2.70 3.36
P/B 3.49 2.67 2.99
Price to free cash flow 49.64 69.53 33.23
EV/EBITDA 27.72 19.12 19.00
EV/Sales 6.49 2.47 3.37
Earnings yield 2.75% 4.15% 0.90%
Free cash flow yield 2.01% 1.44% 0.00%

Profitability

Metric PKE TATT Aerospace & Defense median
Gross margin 32.68% 24.98% 25.95%
Operating margin 21.06% 10.07% 1.21%
Net margin 18.43% 11.26% 2.11%
Free cash flow margin 14.21% 4.28% 0.00%
Return on equity 11.06% 11.86% 2.67%
Return on assets 10.19% 9.14% 1.90%
Return on invested capital 22.12% 8.08% 0.25%

Growth

Metric PKE TATT Aerospace & Defense median
Revenue growth (TTM) 27.71% 12.06% 18.25%
EPS growth (last fiscal year) 93.10% 37.00% 24.80%
Revenue growth, 5-year CAGR 9.64% 18.76% 9.73%
Net income growth, 5-year CAGR 18.30% 0.00% 0.00%

Health

Metric PKE TATT Aerospace & Defense median
Debt to equity 0.00 0.06 0.18
Current ratio 22.75 4.83 2.85
Net debt to EBITDA (5.82) (1.65) 1.29

Dividend

Metric PKE TATT Aerospace & Defense median
Dividend yield 1.91% — 0.87%
Payout ratio 0.69 — 0.30

Size

Metric PKE TATT Aerospace & Defense median
Market cap 575.89m 504.20m 1.94b

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