Aspen Aerogels, Inc. (ASPN) vs Mativ Holdings, Inc. (MATV)

Aspen Aerogels, Inc. and Mativ Holdings, Inc. are both Specialty Chemicals companies. Mativ Holdings, Inc. is the larger, with a market value of $682.2M against $428.2M — 1.6× the size. Aspen Aerogels, Inc. has negative trailing earnings, so its P/E is not meaningful; Mativ Holdings, Inc. trades at 7.5×. Mativ Holdings, Inc. grew revenue faster over the last twelve months: −0.43% against −39.3%. Mativ Holdings, Inc. has the higher net margin (0.00% vs −60.8%) and the higher return on invested capital (3.34% vs −131.5%). Across the 19 metrics below, Mativ Holdings, Inc. leads on 14 and Aspen Aerogels, Inc. on 5.

Valuation

Metric ASPN MATV Specialty Chemicals median
P/E n/m 7.50 24.46
P/S 1.98 0.35 1.64
P/B 2.30 1.46 1.88
Price to free cash flow 14.68 6.53 19.15
EV/EBITDA n/m 7.09 12.87
EV/Sales 1.73 0.80 1.88
Earnings yield (30.98%) 13.33% 2.42%
Free cash flow yield 6.81% 15.31% 2.25%

Profitability

Metric ASPN MATV Specialty Chemicals median
Gross margin 2.42% 19.41% 27.84%
Operating margin (59.33%) 3.68% 5.64%
Net margin (60.81%) 0.00% 4.19%
Free cash flow margin 13.47% 6.93% 3.49%
Return on equity (53.16%) 0.00% 2.34%
Return on assets (29.43%) 0.00% 0.45%
Return on invested capital (131.54%) 3.34% 3.21%

Growth

Metric ASPN MATV Specialty Chemicals median
Revenue growth (TTM) (39.28%) (0.43%) 6.39%
EPS growth (last fiscal year) (2,882.35%) (587.78%) (9.77%)
Revenue growth, 5-year CAGR 22.01% 13.09% 6.33%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASPN MATV Specialty Chemicals median
Debt to equity 0.12 2.12 0.59
Current ratio 2.10 1.93 2.28
Net debt to EBITDA 0.16 5.01 2.03

Dividend

Metric ASPN MATV Specialty Chemicals median
Dividend yield — 3.23% 1.80%
Payout ratio — 0.25 0.40

Size

Metric ASPN MATV Specialty Chemicals median
Market cap 428.23m 682.15m 2.08b

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