Beam Global (BEEM) vs CSLM Acquisition Corp. (SPWR)

Beam Global and CSLM Acquisition Corp. are both Solar companies. CSLM Acquisition Corp. is the larger, with a market value of $99.3M against $28.3M — 3.5× the size. CSLM Acquisition Corp. grew revenue faster over the last twelve months: 18.6% against −20.5%. CSLM Acquisition Corp. has the higher net margin (−3.77% vs −64.6%) and the higher return on invested capital (−38.2% vs −55.7%). Across the 16 metrics below, CSLM Acquisition Corp. leads on 14 and Beam Global on 2.

Valuation

Metric BEEM SPWR Solar median
P/E n/m n/m 10.93
P/S 0.98 0.16 0.54
P/B 1.29 n/m 1.44
Price to free cash flow n/m n/m 9.91
EV/EBITDA n/m n/m 9.90
EV/Sales 0.97 0.59 0.74
Earnings yield (68.91%) (61.97%) 0.00%
Free cash flow yield (49.88%) (133.02%) 0.00%

Profitability

Metric BEEM SPWR Solar median
Gross margin 10.17% 52.17% 31.92%
Operating margin (64.95%) (20.11%) (9.70%)
Net margin (64.60%) (3.77%) (8.48%)
Free cash flow margin (48.99%) (21.35%) (2.95%)
Return on equity (72.69%) 15.27% 5.34%
Return on assets (40.37%) (5.36%) (5.36%)
Return on invested capital (55.72%) (38.19%) (5.27%)

Growth

Metric BEEM SPWR Solar median
Revenue growth (TTM) (20.49%) 18.59% 16.97%
EPS growth (last fiscal year) (109.09%) 30.18% —
Revenue growth, 5-year CAGR 35.37% — 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BEEM SPWR Solar median
Debt to equity 0.00 (4.70) 0.09
Current ratio 1.46 0.82 1.33
Net debt to EBITDA 0.07 (60.25) 0.03

Dividend

Metric BEEM SPWR Solar median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric BEEM SPWR Solar median
Market cap 28.30m 99.26m 43.46m

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