The Scotts Miracle-Gro Company (SMG) vs CVR Partners, LP (UAN)

The Scotts Miracle-Gro Company and CVR Partners, LP are both Agricultural Inputs companies. The Scotts Miracle-Gro Company is the larger, with a market value of $3.9B against $1.2B — 3.4× the size. CVR Partners, LP trades at the lower P/E: 10.8× against 37.2×. CVR Partners, LP grew revenue faster over the last twelve months: 7.31% against −3.64%. CVR Partners, LP has the higher net margin (16.1% vs 3.16%) and the lower return on invested capital (12.5% vs 15.4%). Both pay a dividend; CVR Partners, LP yields more (13.3% vs 3.99%). Across the 22 metrics below, CVR Partners, LP leads on 18 and The Scotts Miracle-Gro Company on 4.

Valuation

Metric SMG UAN Agricultural Inputs median
P/E 37.19 10.84 14.64
P/S 1.17 1.75 0.78
P/B n/m 4.24 0.80
Price to free cash flow 12.98 7.75 10.41
EV/EBITDA 12.95 6.95 5.38
EV/Sales 1.78 2.37 1.07
Earnings yield 2.69% 9.23% 0.00%
Free cash flow yield 7.70% 12.91% 5.69%

Profitability

Metric SMG UAN Agricultural Inputs median
Gross margin 32.32% 39.94% 29.38%
Operating margin 12.36% 20.61% 0.60%
Net margin 3.16% 16.14% (9.43%)
Free cash flow margin 8.98% 22.56% 3.70%
Return on equity 0.00% 36.04% 0.00%
Return on assets 3.79% 10.16% 0.00%
Return on invested capital 15.42% 12.45% 1.70%

Growth

Metric SMG UAN Agricultural Inputs median
Revenue growth (TTM) (3.64%) 7.31% 8.63%
EPS growth (last fiscal year) (28.83%) 61.98% 23.08%
Revenue growth, 5-year CAGR (7.76%) 11.61% 4.64%
Net income growth, 5-year CAGR (27.33%) 0.00% 0.00%

Health

Metric SMG UAN Agricultural Inputs median
Debt to equity (5.44) 2.09 0.51
Current ratio 1.22 1.65 1.58
Net debt to EBITDA 4.26 2.37 0.25

Dividend

Metric SMG UAN Agricultural Inputs median
Dividend yield 3.99% 13.27% 3.99%
Payout ratio 1.57 1.44 0.67

Size

Metric SMG UAN Agricultural Inputs median
Market cap 3.86b 1.15b 998.68m

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