Head-To-Head Comparison: Greenwave Technology Solutions (NASDAQ:GWAV) versus GFL Environmental (NYSE:GFL)
by Doug Wharley · The Cerbat GemGreenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) and GFL Environmental (NYSE:GFL – Get Free Report) are both industrials companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, analyst recommendations, valuation, earnings, risk, institutional ownership and profitability.
Insider and Institutional Ownership
15.6% of Greenwave Technology Solutions shares are owned by institutional investors. Comparatively, 64.7% of GFL Environmental shares are owned by institutional investors. 4.0% of Greenwave Technology Solutions shares are owned by company insiders. Comparatively, 8.7% of GFL Environmental shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Profitability
This table compares Greenwave Technology Solutions and GFL Environmental’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Greenwave Technology Solutions | -27.67% | -64.32% | -30.24% |
| GFL Environmental | -3.28% | 4.14% | 1.55% |
Analyst Recommendations
This is a breakdown of recent ratings and recommmendations for Greenwave Technology Solutions and GFL Environmental, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Greenwave Technology Solutions | 1 | 0 | 0 | 0 | 1.00 |
| GFL Environmental | 2 | 2 | 9 | 0 | 2.54 |
GFL Environmental has a consensus target price of $57.67, indicating a potential upside of 34.74%. Given GFL Environmental’s stronger consensus rating and higher possible upside, analysts clearly believe GFL Environmental is more favorable than Greenwave Technology Solutions.
Risk and Volatility
Greenwave Technology Solutions has a beta of 0.24, suggesting that its share price is 76% less volatile than the S&P 500. Comparatively, GFL Environmental has a beta of 0.72, suggesting that its share price is 28% less volatile than the S&P 500.
Earnings & Valuation
This table compares Greenwave Technology Solutions and GFL Environmental”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Greenwave Technology Solutions | $46.66 million | 0.04 | -$21.60 million | ($21.77) | -0.12 |
| GFL Environmental | $4.73 billion | 3.26 | $2.74 billion | ($0.53) | -80.75 |
GFL Environmental has higher revenue and earnings than Greenwave Technology Solutions. GFL Environmental is trading at a lower price-to-earnings ratio than Greenwave Technology Solutions, indicating that it is currently the more affordable of the two stocks.
Summary
GFL Environmental beats Greenwave Technology Solutions on 13 of the 14 factors compared between the two stocks.
About Greenwave Technology Solutions
Greenwave Technology Solutions, Inc., through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders. In addition, the company process nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.
About GFL Environmental
GFL Environmental Inc. offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers. The company was incorporated in 2007 and is headquartered in Vaughan, Canada.