Ryerson Holding Corporation (RYZ) vs Tredegar Corporation (TG)

Ryerson Holding Corporation and Tredegar Corporation are both Metal Fabrication companies. Ryerson Holding Corporation is the larger, with a market value of $1.2B against $248.1M — 5.0× the size. Ryerson Holding Corporation has negative trailing earnings, so its P/E is not meaningful; Tredegar Corporation trades at 7.3×. Ryerson Holding Corporation grew revenue faster over the last twelve months: 31.5% against 21.4%. Tredegar Corporation has the higher net margin (4.26% vs −0.56%) and the higher return on invested capital (10.7% vs 0.53%). Both pay a dividend; Tredegar Corporation yields more (5.52% vs 2.11%). Across the 20 metrics below, Tredegar Corporation leads on 14 and Ryerson Holding Corporation on 6.

Valuation

Metric RYZ TG Metal Fabrication median
P/E n/m 7.34 17.15
P/S 0.21 0.31 1.14
P/B 0.95 1.07 1.71
Price to free cash flow n/m 10.85 22.10
EV/EBITDA 18.71 4.17 17.60
EV/Sales 0.37 0.32 1.96
Earnings yield (5.16%) 13.62% 2.28%
Free cash flow yield (9.91%) 9.22% 0.92%

Profitability

Metric RYZ TG Metal Fabrication median
Gross margin 17.34% 14.59% 21.08%
Operating margin 0.32% 4.64% 5.14%
Net margin (0.56%) 4.26% 4.70%
Free cash flow margin (2.10%) 2.90% 1.45%
Return on equity (3.08%) 15.77% 0.00%
Return on assets (1.03%) 8.49% 1.56%
Return on invested capital 0.53% 10.72% 2.19%

Growth

Metric RYZ TG Metal Fabrication median
Revenue growth (TTM) 31.54% 21.39% 9.93%
EPS growth (last fiscal year) (576.92%) 151.06% —
Revenue growth, 5-year CAGR 5.69% 1.03% 6.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RYZ TG Metal Fabrication median
Debt to equity 0.74 0.00 0.30
Current ratio 2.21 1.73 2.08
Net debt to EBITDA 8.90 (0.13) 1.02

Dividend

Metric RYZ TG Metal Fabrication median
Dividend yield 2.11% 5.52% 1.69%
Payout ratio 0.20 1.59 0.06

Size

Metric RYZ TG Metal Fabrication median
Market cap 1.23b 248.11m 896.96m

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