Park-Ohio Holdings Corp. (PKOH) vs Tennant Company (TNC)

Park-Ohio Holdings Corp. and Tennant Company are both Specialty Industrial Machinery companies. Tennant Company is the larger, with a market value of $1.1B against $688.6M — 1.6× the size. Park-Ohio Holdings Corp. trades at the lower P/E: 25.2× against 65.1×. Park-Ohio Holdings Corp. grew revenue faster over the last twelve months: 2.68% against −2.91%. Park-Ohio Holdings Corp. has the higher net margin (1.60% vs 1.50%) and the higher return on invested capital (4.45% vs 2.98%). Both pay a dividend; Park-Ohio Holdings Corp. yields more (2.56% vs 1.10%). Across the 22 metrics below, Park-Ohio Holdings Corp. leads on 18 and Tennant Company on 4.

Valuation

Metric PKOH TNC Specialty Industrial Machinery median
P/E 25.15 65.13 29.62
P/S 0.40 0.94 2.77
P/B 1.70 2.14 3.04
Price to free cash flow 32.57 n/m 23.81
EV/EBITDA 11.26 14.44 16.05
EV/Sales 0.77 1.17 2.94
Earnings yield 3.98% 1.54% 3.08%
Free cash flow yield 3.07% (0.12%) 3.12%

Profitability

Metric PKOH TNC Specialty Industrial Machinery median
Gross margin 17.31% 38.77% 35.90%
Operating margin 4.32% 3.20% 11.22%
Net margin 1.60% 1.50% 7.80%
Free cash flow margin 1.24% (0.10%) 9.51%
Return on equity 6.89% 3.08% 11.10%
Return on assets 1.83% 1.46% 4.63%
Return on invested capital 4.45% 2.98% 5.37%

Growth

Metric PKOH TNC Specialty Industrial Machinery median
Revenue growth (TTM) 2.68% (2.91%) 6.45%
EPS growth (last fiscal year) (29.17%) (46.12%) —
Revenue growth, 5-year CAGR 6.78% 3.75% 8.31%
Net income growth, 5-year CAGR 0.00% 5.38% 5.04%

Health

Metric PKOH TNC Specialty Industrial Machinery median
Debt to equity 1.68 0.67 0.35
Current ratio 2.40 2.04 2.11
Net debt to EBITDA 5.40 1.32 1.32

Dividend

Metric PKOH TNC Specialty Industrial Machinery median
Dividend yield 2.56% 1.10% 1.12%
Payout ratio 0.42 0.21 0.17

Size

Metric PKOH TNC Specialty Industrial Machinery median
Market cap 688.57m 1.13b 1.97b

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