Metalpha Technology Holding Limited (MATH) vs Vulcan Infrastructure and Power Inc (VIP)

Metalpha Technology Holding Limited and Vulcan Infrastructure and Power Inc are both Capital Markets companies. Vulcan Infrastructure and Power Inc is the larger, with a market value of $60.5M against $47.1M — 1.3× the size. Metalpha Technology Holding Limited has negative trailing earnings, so its P/E is not meaningful; Vulcan Infrastructure and Power Inc trades at 18.1×. Vulcan Infrastructure and Power Inc grew revenue faster over the last twelve months: −14.1% against −31.8%. Vulcan Infrastructure and Power Inc has the higher net margin (0.96% vs −946.6%) and the higher return on invested capital (0.00% vs 0.00%). Across the 15 metrics below, Vulcan Infrastructure and Power Inc leads on 9 and Metalpha Technology Holding Limited on 6.

Valuation

Metric MATH VIP Capital Markets median
P/E n/m 18.11 15.78
P/S n/m 0.55 2.32
P/B n/m n/m 1.89
Price to free cash flow n/m 14.79 6.25
EV/EBITDA 34.79 n/m 8.87
EV/Sales (246.05) 1.26 2.28
Earnings yield (110.20%) 5.52% (3.77%)
Free cash flow yield 0.00% 6.76% (1.49%)

Profitability

Metric MATH VIP Capital Markets median
Gross margin 0.00% 5.26% 62.80%
Operating margin 0.00% (23.98%) 0.00%
Net margin (946.56%) 0.96% (0.55%)
Free cash flow margin 0.00% 3.71% 0.00%
Return on equity 0.00% (0.82%) 0.00%
Return on assets 0.00% 1.06% 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric MATH VIP Capital Markets median
Revenue growth (TTM) (31.77%) (14.10%) 21.02%
EPS growth (last fiscal year) (92.77%) 118.05% —
Revenue growth, 5-year CAGR 177.49% 23.92% 18.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MATH VIP Capital Markets median
Debt to equity 0.00 (0.69) 0.08
Current ratio 1.12 0.41 1.51
Net debt to EBITDA (289.82) 3.23 (0.24)

Dividend

Metric MATH VIP Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 0.00 0.00

Size

Metric MATH VIP Capital Markets median
Market cap 47.11m 60.52m 724.58m

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