Shimmick Corporation (SHIM) vs INNOVATE Corp. (VATE)

Shimmick Corporation and INNOVATE Corp. are both Engineering & Construction companies. Shimmick Corporation is the larger, with a market value of $104.6M against $84.7M — 1.2× the size. INNOVATE Corp. grew revenue faster over the last twelve months: 52.4% against −16.0%. INNOVATE Corp. has the higher net margin (−1.58% vs −3.81%) and the higher return on invested capital (13.1% vs −35.8%). Across the 17 metrics below, INNOVATE Corp. leads on 11 and Shimmick Corporation on 6.

Valuation

Metric SHIM VATE Engineering & Construction median
P/E n/m n/m 29.24
P/S 0.21 0.05 1.09
P/B n/m n/m 3.39
Price to free cash flow n/m 0.75 24.81
EV/EBITDA 43.31 5.01 14.38
EV/Sales 0.36 0.40 1.37
Earnings yield (18.67%) (30.67%) 2.83%
Free cash flow yield (50.40%) 132.46% 2.28%

Profitability

Metric SHIM VATE Engineering & Construction median
Gross margin 10.10% 15.93% 18.76%
Operating margin (1.92%) 4.28% 6.26%
Net margin (3.81%) (1.58%) 2.23%
Free cash flow margin (10.71%) 7.01% 1.83%
Return on equity 33.38% 11.03% 7.90%
Return on assets (7.78%) (2.53%) 0.87%
Return on invested capital (35.84%) 13.11% 2.52%

Growth

Metric SHIM VATE Engineering & Construction median
Revenue growth (TTM) (15.98%) 52.38% 16.67%
EPS growth (last fiscal year) 81.95% (57.14%) 13.42%
Revenue growth, 5-year CAGR — 11.69% 11.76%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric SHIM VATE Engineering & Construction median
Debt to equity (1.65) (2.81) 0.40
Current ratio 1.00 0.44 1.39
Net debt to EBITDA (8.51) 6.64 0.38

Dividend

Metric SHIM VATE Engineering & Construction median
Dividend yield — — 0.63%
Payout ratio — — 0.17

Size

Metric SHIM VATE Engineering & Construction median
Market cap 104.58m 84.71m 1.09b

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