Aqua Metals, Inc. (AQMS) vs Li-Cycle Holdings Corp. (LICYQ)

Aqua Metals, Inc. and Li-Cycle Holdings Corp. are both Waste Management companies. Li-Cycle Holdings Corp. is the larger, with a market value of $29.9M against $4.2M — 7.2× the size. Li-Cycle Holdings Corp. grew revenue faster over the last twelve months: 53.0% against −93.5%. Aqua Metals, Inc. has the higher net margin (0.00% vs −491.8%) and the lower return on invested capital (−213.5% vs −13.2%). Across the 16 metrics below, Li-Cycle Holdings Corp. leads on 9 and Aqua Metals, Inc. on 7.

Valuation

Metric AQMS LICYQ Waste Management median
P/E n/m n/m 29.71
P/S 13.77 n/m 3.28
P/B 0.42 n/m 1.22
Price to free cash flow n/m n/m 28.87
EV/EBITDA n/m n/m 17.07
EV/Sales 21.49 11.83 4.15
Earnings yield (533.05%) 0.00% (0.73%)
Free cash flow yield (185.78%) 0.00% 0.00%

Profitability

Metric AQMS LICYQ Waste Management median
Gross margin 0.00% (173.57%) 20.46%
Operating margin 0.00% (448.21%) 0.00%
Net margin 0.00% (491.79%) 0.00%
Free cash flow margin 0.00% (465.36%) 0.00%
Return on equity (218.39%) (43.06%) 0.00%
Return on assets (146.30%) (15.76%) 0.00%
Return on invested capital (213.53%) (13.20%) 0.00%

Growth

Metric AQMS LICYQ Waste Management median
Revenue growth (TTM) (93.45%) 53.01% 6.30%
EPS growth (last fiscal year) 60.44% 6.09% 2.78%
Revenue growth, 5-year CAGR (64.52%) 30.85% 11.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AQMS LICYQ Waste Management median
Debt to equity 0.00 1.38 0.44
Current ratio 2.43 0.58 1.31
Net debt to EBITDA 0.49 (3.10) 2.03

Dividend

Metric AQMS LICYQ Waste Management median
Dividend yield — — 0.89%
Payout ratio — — —

Size

Metric AQMS LICYQ Waste Management median
Market cap 4.17m 29.88m 193.50m

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