Li-Cycle Holdings Corp. (LICYQ) vs LanzaTech Global, Inc. (LNZA)

Li-Cycle Holdings Corp. and LanzaTech Global, Inc. are both Waste Management companies. LanzaTech Global, Inc. is the larger, with a market value of $78.2M against $29.9M — 2.6× the size. Li-Cycle Holdings Corp. has negative trailing earnings, so its P/E is not meaningful; LanzaTech Global, Inc. trades at 0.4×. Li-Cycle Holdings Corp. grew revenue faster over the last twelve months: 53.0% against 43.8%. LanzaTech Global, Inc. has the higher net margin (295.7% vs −491.8%) and the higher return on invested capital (−9.60% vs −13.2%). Across the 15 metrics below, LanzaTech Global, Inc. leads on 12 and Li-Cycle Holdings Corp. on 3.

Valuation

Metric LICYQ LNZA Waste Management median
P/E n/m 0.40 33.79
P/S n/m 1.21 2.85
P/B n/m 0.27 2.54
Price to free cash flow n/m n/m 24.52
EV/EBITDA n/m n/m 15.16
EV/Sales 12.03 0.73 4.12
Earnings yield 0.00% 251.08% 0.06%
Free cash flow yield 0.00% (48.08%) 0.00%

Profitability

Metric LICYQ LNZA Waste Management median
Gross margin (173.57%) 44.60% 31.60%
Operating margin (448.21%) (60.96%) 0.50%
Net margin (491.79%) 295.66% 0.00%
Free cash flow margin (465.36%) (57.97%) 0.00%
Return on equity (43.06%) 146.44% 0.00%
Return on assets (15.76%) 78.55% 0.00%
Return on invested capital (13.20%) (9.60%) 0.00%

Growth

Metric LICYQ LNZA Waste Management median
Revenue growth (TTM) 53.01% 43.84% 5.74%
EPS growth (last fiscal year) 6.09% 68.19% —
Revenue growth, 5-year CAGR 30.85% — 12.80%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric LICYQ LNZA Waste Management median
Debt to equity 1.38 0.06 0.88
Current ratio 0.58 2.48 1.32
Net debt to EBITDA (3.10) (0.04) 2.03

Dividend

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

Size

Metric LICYQ LNZA Waste Management median
Market cap 29.88m 78.15m 103.93m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack