Maxeon Solar Technologies, Ltd. (MAXNQ) vs Spruce Power Holding Corporation (SPRU)

Maxeon Solar Technologies, Ltd. and Spruce Power Holding Corporation are both Solar companies. Spruce Power Holding Corporation is the larger, with a market value of $38.1M against $12.9M — 3.0× the size. Spruce Power Holding Corporation grew revenue faster over the last twelve months: 10.2% against −54.7%. Spruce Power Holding Corporation has the higher net margin (−6.76% vs −120.7%) and the higher return on invested capital (2.16% vs 0.00%). Across the 16 metrics below, Maxeon Solar Technologies, Ltd. leads on 8 and Spruce Power Holding Corporation on 8.

Valuation

Metric MAXNQ SPRU Solar median
P/E n/m n/m 10.93
P/S n/m 0.33 0.54
P/B n/m 0.29 1.44
Price to free cash flow n/m 4.56 9.91
EV/EBITDA n/m 10.39 9.90
EV/Sales 0.53 5.69 0.74
Earnings yield 0.00% (22.16%) 0.00%
Free cash flow yield 0.00% 21.93% 0.00%

Profitability

Metric MAXNQ SPRU Solar median
Gross margin (49.00%) 66.41% 31.92%
Operating margin (113.28%) 22.47% (9.70%)
Net margin (120.68%) (6.76%) (8.48%)
Free cash flow margin 0.00% 7.30% (2.95%)
Return on equity 0.00% (5.86%) 5.34%
Return on assets 0.00% (0.87%) (5.36%)
Return on invested capital 0.00% 2.16% (5.27%)

Growth

Metric MAXNQ SPRU Solar median
Revenue growth (TTM) (54.68%) 10.22% 16.97%
EPS growth (last fiscal year) 83.87% 62.30% —
Revenue growth, 5-year CAGR (15.74%) 40.62% 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MAXNQ SPRU Solar median
Debt to equity (0.90) 5.39 0.09
Current ratio 0.84 0.40 1.33
Net debt to EBITDA (0.46) 11.36 0.03

Dividend

Metric MAXNQ SPRU Solar median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric MAXNQ SPRU Solar median
Market cap 12.86m 38.12m 43.46m

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