Mawson Infrastructure Group Inc. (BGDE) vs Heritage Global Inc. (HGBL)

Mawson Infrastructure Group Inc. and Heritage Global Inc. are both Capital Markets companies. Heritage Global Inc. is the larger, with a market value of $46.1M against $35.4M — 1.3× the size. Heritage Global Inc. grew revenue faster over the last twelve months: −1.50% against −46.0%. Heritage Global Inc. has the higher net margin (−29.6% vs −80.7%) and the higher return on invested capital (−26.0% vs −66.2%). Across the 19 metrics below, Heritage Global Inc. leads on 16 and Mawson Infrastructure Group Inc. on 3.

Valuation

Metric BGDE HGBL Capital Markets median
P/E n/m n/m 15.78
P/S 1.17 0.96 2.32
P/B 2.57 0.89 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 1.67 0.77 2.28
Earnings yield (226.63%) (30.83%) (3.77%)
Free cash flow yield (77.73%) (2.38%) (1.49%)

Profitability

Metric BGDE HGBL Capital Markets median
Gross margin 36.89% 64.83% 62.80%
Operating margin (101.34%) (36.98%) 0.00%
Net margin (80.68%) (29.63%) (0.55%)
Free cash flow margin (90.85%) (2.27%) 0.00%
Return on equity (1,076.31%) (24.29%) 0.00%
Return on assets (39.28%) (18.08%) 0.00%
Return on invested capital (66.18%) (26.01%) 0.00%

Growth

Metric BGDE HGBL Capital Markets median
Revenue growth (TTM) (46.03%) (1.50%) 21.02%
EPS growth (last fiscal year) 61.18% (28.57%) —
Revenue growth, 5-year CAGR 54.96% 14.25% 18.16%
Net income growth, 5-year CAGR 0.00% (17.97%) 0.00%

Health

Metric BGDE HGBL Capital Markets median
Debt to equity 2.41 0.08 0.08
Current ratio 0.71 1.69 1.51
Net debt to EBITDA (0.96) (2.39) (0.24)

Dividend

Metric BGDE HGBL Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 0.00 0.00

Size

Metric BGDE HGBL Capital Markets median
Market cap 35.35m 46.07m 724.58m

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