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 $8.9B against $1.8B — 5.0× 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 27.78
P/S 20.93 n/m 8.14
P/B 4.45 n/m 1.48
Price to free cash flow n/m n/m 16.31
EV/EBITDA n/m n/m 14.66
EV/Sales 19.85 n/m 6.17
Earnings yield (0.70%) (18.58%) (8.03%)
Free cash flow yield (5.79%) (2.57%) (6.85%)

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%) —
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 1.10

Dividend

Metric MP TMC Other Industrial Metals & Mining median
Dividend yield — — 4.32%
Payout ratio 0.00 0.00 0.00

Size

Metric MP TMC Other Industrial Metals & Mining median
Market cap 8.85b 1.78b 586.13m

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