At 15 cents per share The following analysis uses the latest book value and common shares outstanding from both companies latest financial statements.
At 15 cents per share, Cielo Waste Solutions will be trading in line with Greenlane Renewables using a price to book metric of approximately 3.69.
Greenlane Renewables is producing revenue and has ttm revenue of just over $40 million whereas Cielo is not producing anything.
At 15 cents per share, Cielo is still more expensive than Xebec using the same metric.
Also, Greenlane Renewable has working capital of just over $39 million which includes $36.5 of cash equivalents whereas Cielo has a working capital deficit of $ ~ 688k
Which company would you rather invest in?