Evolution Metals & Technologies Corp. (EMAT) vs Nexa Resources S.A. (NEXA)

Evolution Metals & Technologies Corp. and Nexa Resources S.A. are both Other Industrial Metals & Mining companies. Nexa Resources S.A. is the larger, with a market value of $1.5B against $1.2B — 1.2× the size. Evolution Metals & Technologies Corp. has negative trailing earnings, so its P/E is not meaningful; Nexa Resources S.A. trades at 9.4×. Nexa Resources S.A. has the higher net margin (4.00% vs 0.00%) and the higher return on invested capital (13.7% vs −1,321.1%). Across the 12 metrics below, Nexa Resources S.A. leads on 9 and Evolution Metals & Technologies Corp. on 3.

Valuation

Metric EMAT NEXA Other Industrial Metals & Mining median
P/E n/m 9.38 22.71
P/S n/m 0.41 5.39
P/B n/m 1.04 1.39
Price to free cash flow n/m 12.33 14.19
EV/EBITDA n/m 3.05 5.51
EV/Sales n/m 0.78 4.77
Earnings yield (53.77%) 10.67% (11.17%)
Free cash flow yield (0.98%) 8.11% (7.91%)

Profitability

Metric EMAT NEXA Other Industrial Metals & Mining median
Gross margin — 29.53% 14.48%
Operating margin 0.00% 16.76% 0.00%
Net margin 0.00% 4.00% 0.00%
Free cash flow margin 0.00% 3.36% 0.00%
Return on equity 2,558.19% 10.74% (6.24%)
Return on assets (735.26%) 2.72% (14.10%)
Return on invested capital (1,321.07%) 13.73% (3.57%)

Growth

Metric EMAT NEXA Other Industrial Metals & Mining median
Revenue growth (TTM) — 28.04% 28.07%
EPS growth (last fiscal year) (48.58%) 164.52% (14.00%)
Revenue growth, 5-year CAGR — 9.00% 6.99%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EMAT NEXA Other Industrial Metals & Mining median
Debt to equity (1.34) 1.21 0.04
Current ratio 0.16 0.82 2.53
Net debt to EBITDA (1.40) 1.48 1.03

Dividend

Metric EMAT NEXA Other Industrial Metals & Mining median
Dividend yield — 0.00% 2.31%
Payout ratio — 0.00 0.12

Size

Metric EMAT NEXA Other Industrial Metals & Mining median
Market cap 1.20b 1.50b 433.17m

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