Tredegar Corporation (TG) vs Techprecision Corp. (TPCS)

Tredegar Corporation and Techprecision Corp. are both Metal Fabrication companies. Tredegar Corporation is the larger, with a market value of $248.1M against $53.1M — 4.7× the size. Techprecision Corp. has negative trailing earnings, so its P/E is not meaningful; Tredegar Corporation trades at 7.3×. Tredegar Corporation grew revenue faster over the last twelve months: 21.4% against −0.19%. Tredegar Corporation has the higher net margin (4.26% vs −3.66%) and the higher return on invested capital (10.7% vs −3.33%). Across the 20 metrics below, Tredegar Corporation leads on 17 and Techprecision Corp. on 3.

Valuation

Metric TG TPCS Metal Fabrication median
P/E 7.34 n/m 17.15
P/S 0.31 1.59 1.14
P/B 1.07 6.98 1.71
Price to free cash flow 10.85 46.85 22.10
EV/EBITDA 4.17 26.27 17.60
EV/Sales 0.32 1.73 1.96
Earnings yield 13.62% (2.38%) 2.28%
Free cash flow yield 9.22% 2.13% 0.92%

Profitability

Metric TG TPCS Metal Fabrication median
Gross margin 14.59% 16.02% 21.08%
Operating margin 4.64% (1.95%) 5.14%
Net margin 4.26% (3.66%) 4.70%
Free cash flow margin 2.90% 3.40% 1.45%
Return on equity 15.77% (15.42%) 0.00%
Return on assets 8.49% (3.85%) 1.56%
Return on invested capital 10.72% (3.33%) 2.19%

Growth

Metric TG TPCS Metal Fabrication median
Revenue growth (TTM) 21.39% (0.19%) 9.93%
EPS growth (last fiscal year) 151.06% 41.38% —
Revenue growth, 5-year CAGR 1.03% 15.20% 6.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TG TPCS Metal Fabrication median
Debt to equity 0.00 0.64 0.30
Current ratio 1.73 1.00 2.08
Net debt to EBITDA (0.13) 3.59 1.02

Dividend

Metric TG TPCS Metal Fabrication median
Dividend yield 5.52% — 1.69%
Payout ratio 1.59 — 0.06

Size

Metric TG TPCS Metal Fabrication median
Market cap 248.11m 53.13m 896.96m

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