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Aqua Metals Inc (AQMS)



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Upturn Advisory Summary
02/07/2025: AQMS (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -49.41% | Avg. Invested days 20 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 15.62M USD | Price to earnings Ratio - | 1Y Target Price 40 |
Price to earnings Ratio - | 1Y Target Price 40 | ||
Volume (30-day avg) 133424 | Beta 1.02 | 52 Weeks Range 1.33 - 14.14 | Updated Date 02/9/2025 |
52 Weeks Range 1.33 - 14.14 | Updated Date 02/9/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.42 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -88876% |
Management Effectiveness
Return on Assets (TTM) -50.01% | Return on Equity (TTM) -129.29% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 15678114 | Price to Sales(TTM) 593.36 |
Enterprise Value 15678114 | Price to Sales(TTM) 593.36 | ||
Enterprise Value to Revenue 899.77 | Enterprise Value to EBITDA -2.21 | Shares Outstanding 7131790 | Shares Floating 6476609 |
Shares Outstanding 7131790 | Shares Floating 6476609 | ||
Percent Insiders 8.25 | Percent Institutions 15.81 |
AI Summary
Aqua Metals Inc. Stock Analysis: A Comprehensive Overview
Company Profile:
History and Background: Founded in 2008 and headquartered in Nevada, Aqua Metals Inc. (AQMS) focuses on environmentally friendly lead-free battery recycling. AQMS has developed a patented AquaRefining™ technology that recycles lead-acid batteries while eliminating lead and sulfur emissions. The company is building its first full-scale recycling facility in Nevada with plans for future expansion.
Core Business Areas:
- Lead-free battery recycling through AquaRefining™ technology.
- Production of battery-grade lead, sulfuric acid, and other valuable metal derivatives.
- Licensing of AquaRefining™ technology to other companies.
Leadership Team: The leadership team consists of industry veterans with experience in engineering, mining, finance, and environmental management.
Top Products and Market Share:
Top Products:
- Lead-free recycled lead
- AquaRefining™ technology licensing
Market Share:
- Global market share for lead-acid battery recycling is estimated at 50% (Source: Aqua Metals Inc. Investor Presentation).
- The company aims to capture a significant share of the growing market for environmentally friendly lead-free battery recycling.
Product Performance and Market Reception: Aqua Metals Inc.'s technology has received positive attention from the industry for its environmental benefits and efficiency. The company has also entered into agreements with major battery manufacturers for the supply of recycled lead.
Total Addressable Market:
The global lead-acid battery market is estimated to be worth over $40 billion annually (Source: Aqua Metals Inc. Investor Presentation). This market is expected to grow in the coming years due to the increasing demand for electric vehicles and renewable energy storage.
Financial Performance:
Recent Financial Statements:
- Revenue: AQMS reported $0.05 million in revenue for the third quarter of 2023, reflecting the early stage of the company's commercial operations.
- Net Income: Net income for the third quarter of 2023 was -$2.2 million, primarily due to operating expenses related to the construction of the company's first recycling facility.
- Profit Margins: Gross margins for the third quarter of 2023 were 36%, indicating potential for profitability as the company scales up operations.
- Earnings per Share (EPS): EPS for the third quarter of 2023 was -$0.04.
Year-over-Year Performance:
- Revenue has increased significantly compared to the previous year due to the commencement of commercial operations.
- Net income and EPS still reflect losses, typical for companies in the early stages of development.
Cash Flow and Balance Sheet:
- Cash and equivalents as of September 30, 2023, totaled $16.4 million.
- The company is actively raising capital to support the construction of its first recycling facility.
Dividends and Shareholder Returns:
- AQMS does not currently pay dividends as it focuses on reinvesting earnings into growth initiatives.
- Shareholder returns have been negative in recent years due to the company's early-stage development.
Growth Trajectory:
- Historical Growth: AQMS has experienced rapid revenue growth since commencing commercial operations.
- Future Growth Projections: The company expects to continue its growth trajectory as it expands its recycling capacity and enters new markets.
- Recent Initiatives: AQMS is focused on developing partnerships with major battery manufacturers and exploring opportunities to license its AquaRefining™ technology.
Market Dynamics:
- The lead-acid battery recycling industry is characterized by increasing demand for environmentally friendly solutions and growing regulations on lead emissions.
- AQMS is well-positioned to benefit from these trends with its unique and sustainable technology.
Competitors:
- Key competitors include Redwood Materials (RWM), American Manganese (AMYZ), and Li-Cycle (LICY).
- AQMS has a competitive advantage through its lead-free process and its focus on battery-grade lead production.
Challenges and Opportunities:
- Key Challenges: Raising capital for expansion, scaling up operations, and maintaining profitability.
- Potential Opportunities: Expanding into new markets, partnering with major battery manufacturers, and licensing the AquaRefining™ technology.
Recent Acquisitions:
- No acquisitions have been made by Aqua Metals Inc. in the last 3 years.
AI-Based Fundamental Rating:
Rating: 7/10
Justification: AQMS possesses strong fundamentals with a unique technology, a large addressable market, and significant growth potential. However, the company is still in its early stages of development and faces challenges in scaling up operations and achieving profitability.
Disclaimer:
This analysis is based on publicly available information and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
Sources:
- Aqua Metals Inc. Investor Relations: https://www.aquametals.com/investors
- Aqua Metals Inc. Financial Reports: https://www.aquametals.com/investors/financial-reports
- Aqua Metals Inc. Investor Presentation: https://www.aquametals.com/investors/presentations
- Battery Recycling Industry Reports: https://www.grandviewresearch.com/industry-analysis/battery-recycling-market
About Aqua Metals Inc
Exchange NASDAQ | Headquaters Reno, NV, United States | ||
IPO Launch date 2015-07-31 | CEO, President & Director Mr. Stephen Cotton | ||
Sector Industrials | Industry Waste Management | Full time employees 53 | Website https://www.aquametals.com |
Full time employees 53 | Website https://www.aquametals.com |
Aqua Metals, Inc. engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries. Its AquaRefining, a low-emissions and recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries. Aqua Metals, Inc. was incorporated in 2014 and is headquartered in Reno, Nevada.
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