Almonty Industries Inc. (ALM) vs MP Materials Corp. (MP)

Almonty Industries Inc. and MP Materials Corp. are both Other Industrial Metals & Mining companies. MP Materials Corp. is the larger, with a market value of $6.0B against $2.3B — 2.6× the size. MP Materials Corp. has negative trailing earnings, so its P/E is not meaningful; Almonty Industries Inc. trades at 40.7×. Almonty Industries Inc. grew revenue faster over the last twelve months: 208.3% against 26.1%. Almonty Industries Inc. has the higher net margin (125.2% vs −19.9%) and the higher return on invested capital (2.10% vs −4.28%). Across the 17 metrics below, Almonty Industries Inc. leads on 11 and MP Materials Corp. on 6.

Valuation

Metric ALM MP Other Industrial Metals & Mining median
P/E 40.72 n/m 22.71
P/S 36.65 19.86 5.39
P/B 5.71 3.10 1.39
Price to free cash flow n/m n/m 14.19
EV/EBITDA 483.23 n/m 5.51
EV/Sales 31.84 18.39 4.77
Earnings yield 2.46% (1.00%) (11.17%)
Free cash flow yield (1.65%) (8.32%) (7.91%)

Profitability

Metric ALM MP Other Industrial Metals & Mining median
Gross margin 51.24% 57.69% 14.48%
Operating margin 5.37% (41.54%) 0.00%
Net margin 125.21% (19.85%) 0.00%
Free cash flow margin (60.47%) (165.23%) 0.00%
Return on equity 38.31% (4.08%) (6.24%)
Return on assets 10.66% (2.00%) (14.10%)
Return on invested capital 2.10% (4.28%) (3.57%)

Growth

Metric ALM MP Other Industrial Metals & Mining median
Revenue growth (TTM) 208.31% 26.13% 28.07%
EPS growth (last fiscal year) (1,020.00%) 12.28% (14.00%)
Revenue growth, 5-year CAGR — 10.82% 6.99%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric ALM MP Other Industrial Metals & Mining median
Debt to equity 1.47 0.39 0.04
Current ratio 9.58 9.51 2.53
Net debt to EBITDA 3.77 13.83 1.03

Dividend

Metric ALM MP Other Industrial Metals & Mining median
Dividend yield — — 2.31%
Payout ratio — — 0.12

Size

Metric ALM MP Other Industrial Metals & Mining median
Market cap 2.29b 6.01b 433.17m

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