Nexa Resources S.A. (NEXA) vs Sigma Lithium Corporation (SGML)

Nexa Resources S.A. and Sigma Lithium Corporation are both Other Industrial Metals & Mining companies. Nexa Resources S.A. is the larger, with a market value of $1.7B against $1.2B — 1.4× the size. Sigma Lithium Corporation has negative trailing earnings, so its P/E is not meaningful; Nexa Resources S.A. trades at 6.0×. Nexa Resources S.A. grew revenue faster over the last twelve months: 24.3% against 7.31%. Nexa Resources S.A. has the higher net margin (8.02% vs −19.4%) and the higher return on invested capital (16.8% vs 4.25%). Across the 19 metrics below, Nexa Resources S.A. leads on 16 and Sigma Lithium Corporation on 3.

Valuation

Metric NEXA SGML Other Industrial Metals & Mining median
P/E 5.95 n/m 27.78
P/S 0.48 7.52 8.14
P/B 1.09 13.02 1.48
Price to free cash flow 13.18 36.27 16.31
EV/EBITDA 2.78 44.10 14.66
EV/Sales 0.87 8.05 6.17
Earnings yield 16.80% (2.51%) (8.03%)
Free cash flow yield 7.59% 2.76% (6.85%)

Profitability

Metric NEXA SGML Other Industrial Metals & Mining median
Gross margin 28.39% 49.14% 14.52%
Operating margin 22.17% 7.48% 0.00%
Net margin 8.02% (19.35%) 0.00%
Free cash flow margin 3.61% 20.72% 0.00%
Return on equity 20.91% (31.65%) (7.90%)
Return on assets 5.41% (6.77%) (11.61%)
Return on invested capital 16.79% 4.25% (3.47%)

Growth

Metric NEXA SGML Other Industrial Metals & Mining median
Revenue growth (TTM) 24.30% 7.31% 27.25%
EPS growth (last fiscal year) 164.52% 2.17% —
Revenue growth, 5-year CAGR 9.00% — 5.26%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NEXA SGML Other Industrial Metals & Mining median
Debt to equity 1.16 1.25 0.04
Current ratio 0.80 0.34 2.48
Net debt to EBITDA 1.48 0.21 1.10

Dividend

Metric NEXA SGML Other Industrial Metals & Mining median
Dividend yield 3.47% — 4.32%
Payout ratio 0.00 0.00 0.00

Size

Metric NEXA SGML Other Industrial Metals & Mining median
Market cap 1.67b 1.18b 586.13m

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