Tredegar Corporation (TG) vs Worthington Enterprises, Inc. (WOR)

Tredegar Corporation and Worthington Enterprises, Inc. are both Metal Fabrication companies. Worthington Enterprises, Inc. is the larger, with a market value of $3.1B against $275.4M — 11.4× the size. Tredegar Corporation trades at the lower P/E: 8.2× against 19.1×. Tredegar Corporation grew revenue faster over the last twelve months: 21.4% against 18.4%. Worthington Enterprises, Inc. has the higher net margin (11.5% vs 4.26%) and the lower return on invested capital (3.85% vs 10.7%). Across the 22 metrics below, Tredegar Corporation leads on 16 and Worthington Enterprises, Inc. on 6.

Valuation

Metric TG WOR Metal Fabrication median
P/E 8.19 19.12 17.49
P/S 0.35 2.19 1.08
P/B 1.20 3.04 1.61
Price to free cash flow 12.10 15.79 20.17
EV/EBITDA 4.64 24.14 17.12
EV/Sales 0.36 2.37 1.92
Earnings yield 12.21% 5.23% 2.35%
Free cash flow yield 8.27% 6.33% 0.96%

Profitability

Metric TG WOR Metal Fabrication median
Gross margin 14.59% 27.22% 21.08%
Operating margin 4.64% 5.63% 5.14%
Net margin 4.26% 11.50% 4.70%
Free cash flow margin 2.90% 13.90% 1.45%
Return on equity 15.77% 0.00% 0.00%
Return on assets 8.49% 9.14% 1.56%
Return on invested capital 10.72% 3.85% 2.19%

Growth

Metric TG WOR Metal Fabrication median
Revenue growth (TTM) 21.39% 18.44% 9.93%
EPS growth (last fiscal year) 151.06% 63.54% 37.36%
Revenue growth, 5-year CAGR 1.03% (15.32%) 6.12%
Net income growth, 5-year CAGR 0.00% (26.42%) 0.00%

Health

Metric TG WOR Metal Fabrication median
Debt to equity 0.00 0.29 0.30
Current ratio 1.73 2.67 2.08
Net debt to EBITDA (0.13) 2.08 1.67

Dividend

Metric TG WOR Metal Fabrication median
Dividend yield — 1.20% 1.08%
Payout ratio — 0.23 0.14

Size

Metric TG WOR Metal Fabrication median
Market cap 275.36m 3.14b 982.18m

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