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IPX vs TPVG vs ATLX
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
Other Precious Metals
IPX vs TPVG vs ATLX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Industrial Materials | Asset Management | Other Precious Metals |
| Market Cap | $1.27B | $226M | $122M |
| Revenue (TTM) | $0.00 | $97M | $180K |
| Net Income (TTM) | $-70M | $46M | $-33M |
| Gross Margin | — | 83.5% | -64.8% |
| Operating Margin | — | 77.9% | -192.9% |
| Forward P/E | — | 6.0x | — |
| Total Debt | $4M | $469M | $10M |
| Cash & Equiv. | $55M | $20M | $16M |
IPX vs TPVG vs ATLX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 22 | May 26 | Return |
|---|---|---|---|
| IperionX Limited (IPX) | 100 | 798.9 | +698.9% |
| TriplePoint Venture… (TPVG) | 100 | 53.4 | -46.6% |
| Atlas Lithium Corpo… (ATLX) | 100 | 80.0 | -20.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IPX vs TPVG vs ATLX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
IPX is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 436.2% 10Y total return vs TPVG's 87.8%
- Lower volatility, beta 2.14, Low D/E 4.3%, current ratio 6.99x
- Beta 2.14, current ratio 6.99x
TPVG carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.83, yield 18.4%
- Rev growth 36.6%, EPS growth 48.8%
- 36.6% NII/revenue growth vs IPX's -3.4K%
ATLX plays a supporting role in this comparison — it may shine differently against other peers.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 36.6% NII/revenue growth vs IPX's -3.4K% | |
| Quality / Margins | 50.6% margin vs ATLX's -180.7% | |
| Stability / Safety | Beta 0.83 vs ATLX's 2.15 | |
| Dividends | 18.4% yield; the other 2 pay no meaningful dividend | |
| Momentum (1Y) | +67.7% vs TPVG's +8.6% | |
| Efficiency (ROA) | 5.6% ROA vs IPX's -69.2%, ROIC 7.2% vs -96.2% |
IPX vs TPVG vs ATLX — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TPVG leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
TPVG and IPX operate at a comparable scale, with $97M and $0 in trailing revenue. TPVG is the more profitable business, keeping 50.6% of every revenue dollar as net income compared to ATLX's -180.7%.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $0 | $97M | $180,454 |
| EBITDAEarnings before interest/tax | -$72M | $63M | -$35M |
| Net IncomeAfter-tax profit | -$70M | $46M | -$33M |
| Free Cash FlowCash after capex | -$55M | $35M | -$32M |
| Gross MarginGross profit ÷ Revenue | — | +83.5% | -64.8% |
| Operating MarginEBIT ÷ Revenue | — | +77.9% | -192.9% |
| Net MarginNet income ÷ Revenue | — | +50.6% | -180.7% |
| FCF MarginFCF ÷ Revenue | — | -58.7% | -175.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +174.3% | -100.0% | +99.9% |
Valuation Metrics
TPVG leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $1.3B | $226M | $122M |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $674M | $117M |
| Trailing P/EPrice ÷ TTM EPS | -31.46x | 4.57x | -1.92x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.04x | — |
| PEG RatioP/E ÷ EPS growth rate | — | 4.50x | — |
| EV / EBITDAEnterprise value multiple | — | 8.90x | — |
| Price / SalesMarket cap ÷ Revenue | — | 2.32x | 182.96x |
| Price / BookPrice ÷ Book value/share | 12.03x | 0.63x | 3.70x |
| Price / FCFMarket cap ÷ FCF | — | — | — |
Profitability & Efficiency
TPVG leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TPVG delivers a 13.1% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $-92 for ATLX. IPX carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x. On the Piotroski fundamental quality scale (0–9), TPVG scores 5/9 vs IPX's 2/9, reflecting solid financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | -78.5% | +13.1% | -91.7% |
| ROA (TTM)Return on assets | -69.2% | +5.6% | -45.2% |
| ROICReturn on invested capital | -96.2% | +7.2% | -13.0% |
| ROCEReturn on capital employed | -52.7% | +9.4% | -97.6% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.04x | 1.33x | 0.47x |
| Net DebtTotal debt minus cash | -$51M | $449M | -$5M |
| Cash & Equiv.Liquid assets | $55M | $20M | $16M |
| Total DebtShort + long-term debt | $4M | $469M | $10M |
| Interest CoverageEBIT ÷ Interest expense | -207.07x | 2.15x | -57.34x |
Total Returns (Dividends Reinvested)
IPX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IPX five years ago would be worth $53,622 today (with dividends reinvested), compared to $6,400 for ATLX. Over the past 12 months, IPX leads with a +67.7% total return vs TPVG's +8.6%. The 3-year compound annual growth rate (CAGR) favors IPX at 74.5% vs ATLX's -41.5% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -5.4% | -12.7% | +27.9% |
| 1-Year ReturnPast 12 months | +67.7% | +8.6% | +37.9% |
| 3-Year ReturnCumulative with dividends | +430.9% | -7.5% | -80.0% |
| 5-Year ReturnCumulative with dividends | +436.2% | -19.0% | -36.0% |
| 10-Year ReturnCumulative with dividends | +436.2% | +87.8% | -36.0% |
| CAGR (3Y)Annualised 3-year return | +74.5% | -2.6% | -41.5% |
Risk & Volatility
TPVG leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TPVG is the less volatile stock with a 0.83 beta — it tends to amplify market swings less than ATLX's 2.15 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TPVG currently trades 74.0% from its 52-week high vs IPX's 61.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.14x | 0.83x | 2.15x |
| 52-Week HighHighest price in past year | $61.45 | $7.53 | $8.25 |
| 52-Week LowLowest price in past year | $19.43 | $4.48 | $3.60 |
| % of 52W HighCurrent price vs 52-week peak | +61.4% | +74.0% | +67.9% |
| RSI (14)Momentum oscillator 0–100 | 55.1 | 55.8 | 58.5 |
| Avg Volume (50D)Average daily shares traded | 280K | 498K | 528K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: IPX as "Buy", TPVG as "Hold", ATLX as "Buy". Consensus price targets imply 239.3% upside for ATLX (target: $19) vs 23.2% for IPX (target: $47). TPVG is the only dividend payer here at 18.40% yield — a key consideration for income-focused portfolios.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $46.50 | $8.95 | $19.00 |
| # AnalystsCovering analysts | 2 | 12 | 4 |
| Dividend YieldAnnual dividend ÷ price | — | +18.4% | — |
| Dividend StreakConsecutive years of raises | — | 0 | — |
| Dividend / ShareAnnual DPS | — | $1.02 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% |
TPVG leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). IPX leads in 1 (Total Returns).
IPX vs TPVG vs ATLX: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is IPX or TPVG or ATLX a better buy right now?
TriplePoint Venture Growth BDC Corp.
(TPVG) offers the better valuation at 4. 6x trailing P/E (6. 0x forward), making it the more compelling value choice. Analysts rate IperionX Limited (IPX) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — IPX or TPVG or ATLX?
Over the past 5 years, IperionX Limited (IPX) delivered a total return of +436.
2%, compared to -36. 0% for Atlas Lithium Corporation (ATLX). Over 10 years, the gap is even starker: IPX returned +436. 2% versus ATLX's -36. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — IPX or TPVG or ATLX?
By beta (market sensitivity over 5 years), TriplePoint Venture Growth BDC Corp.
(TPVG) is the lower-risk stock at 0. 83β versus Atlas Lithium Corporation's 2. 15β — meaning ATLX is approximately 159% more volatile than TPVG relative to the S&P 500. On balance sheet safety, IperionX Limited (IPX) carries a lower debt/equity ratio of 4% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
04Which is growing faster — IPX or TPVG or ATLX?
On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp.
grew EPS 48. 8% year-over-year, compared to -20. 0% for IperionX Limited. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — IPX or TPVG or ATLX?
TriplePoint Venture Growth BDC Corp.
(TPVG) is the more profitable company, earning 50. 6% net margin versus -63. 3% for Atlas Lithium Corporation — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus -65. 7% for ATLX. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is IPX or TPVG or ATLX more undervalued right now?
Analyst consensus price targets imply the most upside for ATLX: 239.
3% to $19. 00.
07Which pays a better dividend — IPX or TPVG or ATLX?
In this comparison, TPVG (18.
4% yield) pays a dividend. IPX, ATLX do not pay a meaningful dividend and should not be held primarily for income.
08Is IPX or TPVG or ATLX better for a retirement portfolio?
For long-horizon retirement investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 83), 18. 4% yield). Atlas Lithium Corporation (ATLX) carries a higher beta of 2. 15 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (TPVG: +87. 8%, ATLX: -36. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between IPX and TPVG and ATLX?
These companies operate in different sectors (IPX (Basic Materials) and TPVG (Financial Services) and ATLX (Basic Materials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: IPX is a small-cap quality compounder stock; TPVG is a small-cap high-growth stock; ATLX is a small-cap quality compounder stock. TPVG pays a dividend while IPX, ATLX do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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