Ascent Solar Technologies Inc. (ASTI) vs Spruce Power Holding Corporation (SPRU)

Ascent Solar Technologies Inc. and Spruce Power Holding Corporation are both Solar companies. Spruce Power Holding Corporation is the larger, with a market value of $28.1M against $18.6M — 1.5× the size. Ascent Solar Technologies Inc. grew revenue faster over the last twelve months: 364.1% against 10.2%. Spruce Power Holding Corporation has the higher net margin (−6.76% vs −4,237.0%) and the higher return on invested capital (2.16% vs −704.2%). Across the 18 metrics below, Spruce Power Holding Corporation leads on 13 and Ascent Solar Technologies Inc. on 5.

Valuation

Metric ASTI SPRU Solar median
P/E n/m n/m 10.61
P/S 92.76 0.22 0.47
P/B 1.16 0.20 0.99
Price to free cash flow n/m 3.08 9.56
EV/EBITDA n/m 10.20 9.36
EV/Sales 82.19 5.58 0.63
Earnings yield (80.00%) (32.82%) 0.00%
Free cash flow yield (41.74%) 32.47% 0.00%

Profitability

Metric ASTI SPRU Solar median
Gross margin (96.13%) 66.41% 31.92%
Operating margin (4,313.23%) 22.47% (9.70%)
Net margin (4,236.98%) (6.76%) (8.48%)
Free cash flow margin (3,844.98%) 7.30% (2.95%)
Return on equity (86.62%) (5.86%) 5.34%
Return on assets (65.09%) (0.87%) (5.36%)
Return on invested capital (704.24%) 2.16% (5.27%)

Growth

Metric ASTI SPRU Solar median
Revenue growth (TTM) 364.08% 10.22% 16.97%
EPS growth (last fiscal year) 70.23% 62.30% 47.20%
Revenue growth, 5-year CAGR 2.89% 40.62% 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASTI SPRU Solar median
Debt to equity 0.00 5.39 0.09
Current ratio 6.31 0.40 1.33
Net debt to EBITDA 0.38 11.36 0.03

Dividend

Metric ASTI SPRU Solar median
Dividend yield — — —
Payout ratio — — —

Size

Metric ASTI SPRU Solar median
Market cap 18.56m 28.11m 31.62m

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