NasdaqCM:AQMS

Stock Analysis Report

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Executive Summary

Aqua Metals, Inc. engages in the recycling of lead primarily in the United States.


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

How has Aqua Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AQMS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

AQMS

1.5%

US Commercial Services

1.5%

US Market


1 Year Return

-40.4%

AQMS

-5.4%

US Commercial Services

6.9%

US Market

Return vs Industry: AQMS underperformed the US Commercial Services industry which returned -6.9% over the past year.

Return vs Market: AQMS underperformed the US Market which returned 5.3% over the past year.


Shareholder returns

AQMSIndustryMarket
7 Day0%1.5%1.5%
30 Day17.7%1.8%5.9%
90 Day89.8%16.5%17.9%
1 Year-40.4%-40.4%-3.9%-5.4%9.2%6.9%
3 Year-90.8%-90.8%36.4%28.0%36.4%27.5%
5 Yearn/a76.8%58.8%64.9%47.0%

Price Volatility Vs. Market

How volatile is Aqua Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aqua Metals undervalued compared to its fair value and its price relative to the market?

1.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AQMS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AQMS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AQMS is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.

PE vs Market: AQMS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AQMS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AQMS's PB Ratio (1.5x) is in line with the US Commercial Services industry average.


Next Steps

Future Growth

How is Aqua Metals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

76.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AQMS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: AQMS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AQMS's is expected to become profitable in the next 3 years.

Revenue vs Market: AQMS's revenue (74.8% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: AQMS's revenue (74.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AQMS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Aqua Metals performed over the past 5 years?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AQMS is currently unprofitable.

Growing Profit Margin: AQMS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AQMS is unprofitable, and losses have increased over the past 5 years at a rate of -35% per year.

Accelerating Growth: Unable to compare AQMS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AQMS is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (4.7%).


Return on Equity

High ROE: AQMS has a negative Return on Equity (-81.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Aqua Metals's financial position?


Financial Position Analysis

Short Term Liabilities: AQMS's short term assets ($18.0M) exceed its short term liabilities ($6.4M).

Long Term Liabilities: AQMS's short term assets ($18.0M) exceed its long term liabilities ($9.8M).


Debt to Equity History and Analysis

Debt Level: AQMS's debt to equity ratio (18.7%) is considered satisfactory.

Reducing Debt: AQMS's debt to equity ratio has reduced from 77.7% to 18.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AQMS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AQMS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.5% each year


Next Steps

Dividend

What is Aqua Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AQMS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AQMS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AQMS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AQMS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AQMS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Steve Cotton (54yo)

1.5yrs

Tenure

US$3,285,000

Compensation

Mr. Stephen Cotton, also known as Steve, has been Chief Executive Officer and Director of Aqua Metals, Inc. since January 7, 2019 and its President since May 02, 2018. Mr. Cotton founded IntelliBatt, LLC i ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD3.29M) is above average for companies of similar size in the US market ($USD618.98K).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Cotton
CEO, President & Director1.5yrsUS$3.29m2.38% $1.6m
Judd Merrill
CFO & Company Secretary1.67yrsUS$1.04m0.51% $339.8k
Ben Taecker
Vice President of Operations2.5yrsno datano data
David Regan
Director Marketingno datano datano data
Kimberly Setliff
Senior Vice Presidentno datano datano data
Kathleen Dotson
VP of Finance & Corporate Controllerno datano datano data

1.7yrs

Average Tenure

Experienced Management: AQMS's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Stephen Cotton
CEO, President & Director1.5yrsUS$3.29m2.38% $1.6m
Vincent DiVito
Independent Director5.17yrsUS$200.00k0.13% $83.9k
S. Yosufzai
Non-Executive Chairman & Lead Independent Director2.17yrsUS$280.00k0.19% $129.6k

2.2yrs

Average Tenure

60yo

Average Age

Experienced Board: AQMS's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AQMS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.


Top Shareholders

Company Information

Aqua Metals, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aqua Metals, Inc.
  • Ticker: AQMS
  • Exchange: NasdaqCM
  • Founded: 2014
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: US$66.733m
  • Shares outstanding: 59.58m
  • Website: https://www.aquametals.com

Number of Employees


Location

  • Aqua Metals, Inc.
  • 2500 Peru Drive
  • McCarran
  • Nevada
  • 89437
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AQMSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2015
AQKDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2015
0HH6LSE (London Stock Exchange)YesCommon StockGBUSDJul 2015

Biography

Aqua Metals, Inc. engages in the recycling of lead primarily in the United States. It produces and sells lead bullion, lead compounds, and plastics. The company was founded in 2014 and is headquartered in McCarran, Nevada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 23:58
End of Day Share Price2020/07/15 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.