Aeva Technologies, Inc. (AEVA) vs Horizon Quantum Holdings Ltd. (HQ)

Aeva Technologies, Inc. and Horizon Quantum Holdings Ltd. are both Software Infrastructure companies. Aeva Technologies, Inc. is the larger, with a market value of $1.1B against $809.6M — 1.4× the size. Horizon Quantum Holdings Ltd. has the higher net margin (0.00% vs −150.1%) and the higher return on invested capital (0.00% vs 0.00%). Across the 12 metrics below, Horizon Quantum Holdings Ltd. leads on 8 and Aeva Technologies, Inc. on 4.

Valuation

Metric AEVA HQ Software Infrastructure median
P/E n/m n/m 28.02
P/S 46.23 n/m 3.07
P/B 36.27 18.69 3.36
Price to free cash flow n/m n/m 17.12
EV/EBITDA n/m n/m 14.91
EV/Sales 42.64 n/m 3.03
Earnings yield (2.27%) (85.79%) 0.13%
Free cash flow yield (11.68%) (1.45%) 1.15%

Profitability

Metric AEVA HQ Software Infrastructure median
Gross margin 27.22% — 61.23%
Operating margin (610.95%) 0.00% 0.00%
Net margin (150.12%) 0.00% 0.00%
Free cash flow margin (540.19%) 0.00% 1.67%
Return on equity 71.53% (1,057.18%) 0.59%
Return on assets (20.33%) (170.78%) 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric AEVA HQ Software Infrastructure median
Revenue growth (TTM) 56.22% — 13.41%
EPS growth (last fiscal year) 10.53% (2,075.05%) —
Revenue growth, 5-year CAGR 14.31% — 15.81%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric AEVA HQ Software Infrastructure median
Debt to equity 3.52 0.00 0.06
Current ratio 7.85 33.84 1.55
Net debt to EBITDA 0.21 (0.54) 0.08

Dividend

Metric AEVA HQ Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric AEVA HQ Software Infrastructure median
Market cap 1.11b 809.58m 835.96m

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