MP Materials Corp. (MP) vs TMC the metals company Inc. (TMC)

MP Materials Corp. and TMC the metals company Inc. are both Other Industrial Metals & Mining companies. MP Materials Corp. is the larger, with a market value of $7.4B against $1.2B — 6.3× the size. TMC the metals company Inc. has the higher net margin (0.00% vs −14.6%) and the higher return on invested capital (0.00% vs −4.28%). Across the 13 metrics below, TMC the metals company Inc. leads on 7 and MP Materials Corp. on 6.

Valuation

Metric MP TMC Other Industrial Metals & Mining median
P/E n/m n/m 26.65
P/S 17.22 n/m 6.78
P/B 3.66 n/m 1.18
Price to free cash flow n/m n/m 15.65
EV/EBITDA n/m n/m 7.09
EV/Sales 16.14 n/m 4.64
Earnings yield (0.85%) (28.29%) (9.58%)
Free cash flow yield (7.04%) (3.91%) (8.41%)

Profitability

Metric MP TMC Other Industrial Metals & Mining median
Gross margin 42.33% 0.00% 14.52%
Operating margin (30.48%) 0.00% 0.00%
Net margin (14.56%) 0.00% 0.00%
Free cash flow margin (121.22%) 0.00% 0.00%
Return on equity (4.08%) (1,123.19%) (7.90%)
Return on assets (2.00%) (172.41%) (11.61%)
Return on invested capital (4.28%) 0.00% (3.47%)

Growth

Metric MP TMC Other Industrial Metals & Mining median
Revenue growth (TTM) 71.92% — 27.25%
EPS growth (last fiscal year) (29.84%) (232.00%) (15.57%)
Revenue growth, 5-year CAGR 15.45% — 5.26%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MP TMC Other Industrial Metals & Mining median
Debt to equity 0.39 0.00 0.04
Current ratio 9.51 1.93 2.48
Net debt to EBITDA 13.83 0.84 1.07

Dividend

Metric MP TMC Other Industrial Metals & Mining median
Dividend yield — — 1.46%
Payout ratio — — —

Size

Metric MP TMC Other Industrial Metals & Mining median
Market cap 7.41b 1.18b 454.02m

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