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 $645.1M against $486.0M — 1.3× the size. TAT Technologies Ltd. trades at the lower P/E: 23.3× against 47.8×. Park Aerospace Corp. grew revenue faster over the last twelve months: 20.1% against 12.1%. Park Aerospace Corp. has the higher net margin (16.7% vs 11.3%) and the higher return on invested capital (22.7% 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 47.79 23.34 33.00
P/S 8.25 2.61 3.63
P/B 4.80 2.58 3.24
Price to free cash flow 57.36 67.27 34.01
EV/EBITDA 31.81 18.44 18.69
EV/Sales 7.08 2.38 3.94
Earnings yield 2.09% 4.29% 1.31%
Free cash flow yield 1.74% 1.49% 0.00%

Profitability

Metric PKE TATT Aerospace & Defense median
Gross margin 31.92% 24.98% 25.48%
Operating margin 19.81% 10.07% 4.54%
Net margin 16.70% 11.26% 2.22%
Free cash flow margin 14.38% 4.28% 0.00%
Return on equity 10.79% 11.86% 6.43%
Return on assets 9.60% 9.14% 2.70%
Return on invested capital 22.69% 8.08% 1.56%

Growth

Metric PKE TATT Aerospace & Defense median
Revenue growth (TTM) 20.10% 12.06% 18.43%
EPS growth (last fiscal year) 93.10% 37.00% —
Revenue growth, 5-year CAGR 6.47% 18.76% 9.62%
Net income growth, 5-year CAGR 5.90% 0.00% 0.00%

Health

Metric PKE TATT Aerospace & Defense median
Debt to equity 0.00 0.06 0.24
Current ratio 15.29 4.83 2.72
Net debt to EBITDA (5.82) (1.65) 1.12

Dividend

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

Size

Metric PKE TATT Aerospace & Defense median
Market cap 645.14m 486.00m 2.52b

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