Greenwave Technology Solutions, Inc. (GWAV) vs Li-Cycle Holdings Corp. (LICYQ)

Greenwave Technology Solutions, Inc. and Li-Cycle Holdings Corp. are both Waste Management companies. Li-Cycle Holdings Corp. is the larger, with a market value of $29.9M against $7.2M — 4.2× the size. Greenwave Technology Solutions, Inc. grew revenue faster over the last twelve months: 71.9% against 53.0%. Greenwave Technology Solutions, Inc. has the higher net margin (−27.7% vs −491.8%) and the lower return on invested capital (−34.9% vs −13.2%). Across the 16 metrics below, Greenwave Technology Solutions, Inc. leads on 9 and Li-Cycle Holdings Corp. on 7.

Valuation

Metric GWAV LICYQ Waste Management median
P/E n/m n/m 33.79
P/S 0.03 n/m 2.85
P/B 0.09 n/m 2.54
Price to free cash flow n/m n/m 24.52
EV/EBITDA n/m n/m 15.16
EV/Sales 0.13 12.03 4.12
Earnings yield (912.55%) 0.00% 0.06%
Free cash flow yield (173.95%) 0.00% 0.00%

Profitability

Metric GWAV LICYQ Waste Management median
Gross margin 31.60% (173.57%) 31.60%
Operating margin (25.09%) (448.21%) 0.50%
Net margin (27.65%) (491.79%) 0.00%
Free cash flow margin (5.69%) (465.36%) 0.00%
Return on equity (56.68%) (43.06%) 0.00%
Return on assets (28.68%) (15.76%) 0.00%
Return on invested capital (34.90%) (13.20%) 0.00%

Growth

Metric GWAV LICYQ Waste Management median
Revenue growth (TTM) 71.88% 53.01% 5.74%
EPS growth (last fiscal year) 95.57% 6.09% —
Revenue growth, 5-year CAGR 481.79% 30.85% 12.80%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GWAV LICYQ Waste Management median
Debt to equity 0.32 1.38 0.88
Current ratio 0.23 0.58 1.32
Net debt to EBITDA (1.11) (3.10) 2.03

Dividend

Metric GWAV LICYQ Waste Management median
Dividend yield — — 1.17%
Payout ratio 0.00 0.00 0.00

Size

Metric GWAV LICYQ Waste Management median
Market cap 7.19m 29.88m 103.93m

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