American Resources Corporation (AREC) vs Li-Cycle Holdings Corp. (LICYQ)

American Resources Corporation and Li-Cycle Holdings Corp. are both Waste Management companies. American Resources Corporation is the larger, with a market value of $101.5M against $29.9M — 3.4× the size. Li-Cycle Holdings Corp. has negative trailing earnings, so its P/E is not meaningful; American Resources Corporation trades at 1.5×. Li-Cycle Holdings Corp. grew revenue faster over the last twelve months: 53.0% against −88.2%. American Resources Corporation has the higher net margin (122,052.2% vs −491.8%) and the lower return on invested capital (−18.4% vs −13.2%). Across the 16 metrics below, Li-Cycle Holdings Corp. leads on 9 and American Resources Corporation on 7.

Valuation

Metric AREC LICYQ Waste Management median
P/E 1.45 n/m 29.71
P/S 1,845.45 n/m 3.28
P/B 0.90 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 640.83 11.83 4.15
Earnings yield 68.81% 0.00% (0.73%)
Free cash flow yield (12.47%) 0.00% 0.00%

Profitability

Metric AREC LICYQ Waste Management median
Gross margin (675.55%) (173.57%) 20.46%
Operating margin (24,908.59%) (448.21%) 0.00%
Net margin 122,052.20% (491.79%) 0.00%
Free cash flow margin (23,015.86%) (465.36%) 0.00%
Return on equity 903.06% (43.06%) 0.00%
Return on assets 24.60% (15.76%) 0.00%
Return on invested capital (18.36%) (13.20%) 0.00%

Growth

Metric AREC LICYQ Waste Management median
Revenue growth (TTM) (88.15%) 53.01% 6.30%
EPS growth (last fiscal year) 221.15% 6.09% 2.78%
Revenue growth, 5-year CAGR (73.16%) 30.85% 11.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AREC LICYQ Waste Management median
Debt to equity 0.19 1.38 0.44
Current ratio 2.19 0.58 1.31
Net debt to EBITDA 4.89 (3.10) 2.03

Dividend

Metric AREC LICYQ Waste Management median
Dividend yield 0.00% — 0.89%
Payout ratio 0.00 — —

Size

Metric AREC LICYQ Waste Management median
Market cap 101.46m 29.88m 193.50m

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