Coincheck Group N.V. (CNCK) vs Soluna Holdings, Inc. (SLNH)

Coincheck Group N.V. and Soluna Holdings, Inc. are both Capital Markets companies. Coincheck Group N.V. and Soluna Holdings, Inc. are of similar size ($333.7M and $310.9M). Coincheck Group N.V. has the higher net margin (−0.30% vs −219.5%) and the higher return on invested capital (−7.94% vs −27.4%). Across the 16 metrics below, Coincheck Group N.V. leads on 12 and Soluna Holdings, Inc. on 4.

Valuation

Metric CNCK SLNH Capital Markets median
P/E n/m n/m 15.78
P/S 0.08 3.80 2.32
P/B 1.38 0.76 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 0.05 1.69 2.28
Earnings yield (3.77%) (68.89%) (3.77%)
Free cash flow yield (9.05%) (30.84%) (1.49%)

Profitability

Metric CNCK SLNH Capital Markets median
Gross margin 2.60% 16.11% 62.80%
Operating margin (0.36%) (127.03%) 0.00%
Net margin (0.30%) (219.50%) (0.55%)
Free cash flow margin (0.74%) (117.11%) 0.00%
Return on equity (7.57%) (77.06%) 0.00%
Return on assets (1.29%) (47.92%) 0.00%
Return on invested capital (7.94%) (27.40%) 0.00%

Growth

Metric CNCK SLNH Capital Markets median
Revenue growth (TTM) — 50.86% 21.02%
EPS growth (last fiscal year) 89.61% 80.41% —
Revenue growth, 5-year CAGR — 118.62% 18.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CNCK SLNH Capital Markets median
Debt to equity 0.00 0.17 0.08
Current ratio 1.21 2.06 1.51
Net debt to EBITDA 14.62 3.24 (0.24)

Dividend

Metric CNCK SLNH Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 0.00 0.00

Size

Metric CNCK SLNH Capital Markets median
Market cap 333.73m 310.85m 724.58m

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