Solarmax Technology, Inc. (SMXT) vs Tigo Energy, Inc. (TYGO)

Solarmax Technology, Inc. and Tigo Energy, Inc. are both Solar companies. Tigo Energy, Inc. is the larger, with a market value of $64.2M against $24.5M — 2.6× the size. Solarmax Technology, Inc. has negative trailing earnings, so its P/E is not meaningful; Tigo Energy, Inc. trades at 5.5×. Solarmax Technology, Inc. grew revenue faster over the last twelve months: 284.7% against 49.5%. Tigo Energy, Inc. has the higher net margin (8.97% vs −7.91%) and the higher return on invested capital (−6.09% vs −79.0%). Across the 16 metrics below, Tigo Energy, Inc. leads on 10 and Solarmax Technology, Inc. on 6.

Valuation

Metric SMXT TYGO Solar median
P/E n/m 5.47 10.61
P/S 0.23 0.56 0.47
P/B n/m 1.40 0.99
Price to free cash flow n/m 6.76 9.56
EV/EBITDA n/m n/m 9.36
EV/Sales 0.45 0.87 0.63
Earnings yield (35.57%) 18.29% 0.00%
Free cash flow yield (18.06%) 14.79% 0.00%

Profitability

Metric SMXT TYGO Solar median
Gross margin 7.50% 42.43% 31.92%
Operating margin (7.56%) (2.79%) (9.70%)
Net margin (7.91%) 8.97% (8.48%)
Free cash flow margin (4.18%) 8.32% (2.95%)
Return on equity 51.87% 43.06% 5.34%
Return on assets (10.88%) 12.59% (5.36%)
Return on invested capital (78.95%) (6.09%) (5.27%)

Growth

Metric SMXT TYGO Solar median
Revenue growth (TTM) 284.69% 49.51% 16.97%
EPS growth (last fiscal year) 83.54% 97.12% 47.20%
Revenue growth, 5-year CAGR — — 14.00%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric SMXT TYGO Solar median
Debt to equity (1.51) 0.09 0.09
Current ratio 0.98 3.04 1.33
Net debt to EBITDA (3.70) 2.37 0.03

Dividend

Metric SMXT TYGO Solar median
Dividend yield — — —
Payout ratio — — —

Size

Metric SMXT TYGO Solar median
Market cap 24.47m 64.20m 31.62m

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