PN Smart Energy Limited (PN) vs SPI Energy Co., Ltd. (SPIEQ)

PN Smart Energy Limited and SPI Energy Co., Ltd. are both Solar companies. PN Smart Energy Limited is the larger, with a market value of $41.3M against $24.2M — 1.7× the size. Across the 5 metrics below, PN Smart Energy Limited leads on 3 and SPI Energy Co., Ltd. on 2.

Valuation

Metric PN SPIEQ Solar median
P/E — n/m 10.93
P/S — n/m 0.54
P/B n/m n/m 1.44
Price to free cash flow — n/m 9.91
EV/EBITDA n/m n/m 9.90
EV/Sales n/m 0.21 0.74
Earnings yield — 0.00% 0.00%
Free cash flow yield — 0.00% 0.00%

Profitability

Metric PN SPIEQ Solar median
Gross margin — 13.08% 31.92%
Operating margin — (7.32%) (9.70%)
Net margin — (11.75%) (8.48%)
Free cash flow margin — (2.70%) (2.95%)
Return on equity — (122.93%) 5.34%
Return on assets — (10.87%) (5.36%)
Return on invested capital 0.00% (16.17%) (5.27%)

Growth

Metric PN SPIEQ Solar median
Revenue growth (TTM) — 21.20% 16.97%
EPS growth (last fiscal year) 0.00% 33.68% —
Revenue growth, 5-year CAGR — 7.87% 14.00%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric PN SPIEQ Solar median
Debt to equity 0.10 3.21 0.09
Current ratio 1.50 0.41 1.33
Net debt to EBITDA 4.34 (1.90) 0.03

Dividend

Metric PN SPIEQ Solar median
Dividend yield — — —
Payout ratio — 0.00 0.00

Size

Metric PN SPIEQ Solar median
Market cap 41.31m 24.21m 43.46m

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