LiqTech International, Inc. (LIQT) vs Zone Frontier Inc. (ZONE)

LiqTech International, Inc. and Zone Frontier Inc. are both Pollution & Treatment Controls companies. Zone Frontier Inc. is the larger, with a market value of $30.5M against $21.0M — 1.5× the size. Zone Frontier Inc. grew revenue faster over the last twelve months: 80.7% against −0.17%. LiqTech International, Inc. has the higher net margin (−63.7% vs −4,664.5%) and the higher return on invested capital (−43.3% vs −74.8%). Across the 17 metrics below, LiqTech International, Inc. leads on 12 and Zone Frontier Inc. on 5.

Valuation

Metric LIQT ZONE Pollution & Treatment Controls median
P/E n/m n/m —
P/S 0.82 8.23 3.64
P/B 0.49 0.47 2.08
Price to free cash flow n/m n/m —
EV/EBITDA 0.11 n/m 17.68
EV/Sales (0.04) 4.37 4.26
Earnings yield (137.70%) (1,230.77%) (18.01%)
Free cash flow yield (68.70%) (53.32%) (5.86%)

Profitability

Metric LIQT ZONE Pollution & Treatment Controls median
Gross margin 9.07% 37.31% 34.73%
Operating margin (55.87%) (1,519.70%) (29.01%)
Net margin (63.66%) (4,664.52%) (31.94%)
Free cash flow margin (56.15%) (439.09%) (12.20%)
Return on equity (49.46%) (513.26%) (38.24%)
Return on assets (28.21%) (431.22%) (26.06%)
Return on invested capital (43.29%) (74.83%) 0.00%

Growth

Metric LIQT ZONE Pollution & Treatment Controls median
Revenue growth (TTM) (0.17%) 80.71% 9.79%
EPS growth (last fiscal year) 45.73% (61.22%) —
Revenue growth, 5-year CAGR (6.03%) — 8.56%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric LIQT ZONE Pollution & Treatment Controls median
Debt to equity 0.09 0.00 0.03
Current ratio 4.37 2.94 1.90
Net debt to EBITDA (0.56) (0.41) 0.30

Dividend

Metric LIQT ZONE Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio 0.00 — 0.00

Size

Metric LIQT ZONE Pollution & Treatment Controls median
Market cap 20.95m 30.54m 48.08m

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