Vast Renewables Limited (VSTTF) vs Zeo Energy Corp. (ZEO)

Vast Renewables Limited and Zeo Energy Corp. are both Solar companies. Zeo Energy Corp. is the larger, with a market value of $23.6M against $4.2M — 5.6× the size. Vast Renewables Limited has the higher net margin (0.00% vs −15.4%) and the higher return on invested capital (0.00% vs −98.8%). Across the 12 metrics below, Vast Renewables Limited leads on 9 and Zeo Energy Corp. on 3.

Valuation

Metric VSTTF ZEO Solar median
P/E n/m n/m 10.93
P/S n/m 0.19 0.54
P/B n/m 1.44 1.44
Price to free cash flow n/m n/m 9.91
EV/EBITDA 0.01 n/m 9.90
EV/Sales n/m 0.16 0.74
Earnings yield 0.00% (73.29%) 0.00%
Free cash flow yield 0.00% (46.95%) 0.00%

Profitability

Metric VSTTF ZEO Solar median
Gross margin — 51.10% 31.92%
Operating margin 0.00% (16.60%) (9.70%)
Net margin 0.00% (15.43%) (8.48%)
Free cash flow margin 0.00% (8.74%) (2.95%)
Return on equity 0.00% 44.16% 5.34%
Return on assets 0.00% (21.68%) (5.36%)
Return on invested capital 0.00% (98.81%) (5.27%)

Growth

Metric VSTTF ZEO Solar median
Revenue growth (TTM) — 10.17% 16.97%
EPS growth (last fiscal year) (147.20%) (16.67%) —
Revenue growth, 5-year CAGR — — 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric VSTTF ZEO Solar median
Debt to equity (1.70) 0.08 0.09
Current ratio 1.11 1.56 1.33
Net debt to EBITDA (0.02) 0.49 0.03

Dividend

Metric VSTTF ZEO Solar median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric VSTTF ZEO Solar median
Market cap 4.20m 23.63m 43.46m

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