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 $138.1M against $102.6M — 1.3× 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 12 and Shimmick Corporation on 5.

Valuation

Metric SHIM VATE Engineering & Construction median
P/E n/m n/m 28.59
P/S 0.28 0.07 1.15
P/B n/m n/m 3.96
Price to free cash flow n/m 0.98 25.24
EV/EBITDA 51.87 5.21 14.87
EV/Sales 0.43 0.42 1.42
Earnings yield (13.98%) (23.68%) 2.47%
Free cash flow yield (37.72%) 102.29% 1.91%

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%) —
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 — — 0.65%
Payout ratio — 0.00 0.00

Size

Metric SHIM VATE Engineering & Construction median
Market cap 138.06m 102.59m 1.31b

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