Array Technologies, Inc. (ARRY) vs Jinko Holdings Limited - Unsponsored ADR (JKS)

Array Technologies, Inc. and Jinko Holdings Limited - Unsponsored ADR are both Solar companies. Array Technologies, Inc. is the larger, with a market value of $816.2M against $517.2M — 1.6× the size. Array Technologies, Inc. grew revenue faster over the last twelve months: 1.18% against −19.1%. Jinko Holdings Limited - Unsponsored ADR has the higher net margin (−5.87% vs −12.5%) and the higher return on invested capital (−15.2% vs −25.6%). Across the 17 metrics below, Array Technologies, Inc. leads on 10 and Jinko Holdings Limited - Unsponsored ADR on 7.

Valuation

Metric ARRY JKS Solar median
P/E n/m n/m 11.37
P/S 0.68 0.06 0.60
P/B n/m 0.15 0.90
Price to free cash flow 6.02 n/m 15.06
EV/EBITDA 11.24 n/m 10.71
EV/Sales 0.99 0.10 0.85
Earnings yield (18.60%) (90.06%) (16.54%)
Free cash flow yield 16.62% (543.15%) (1.15%)

Profitability

Metric ARRY JKS Solar median
Gross margin 24.27% 4.68% 28.56%
Operating margin (5.13%) (11.51%) (7.89%)
Net margin (12.48%) (5.87%) (7.34%)
Free cash flow margin 11.37% 0.00% (1.48%)
Return on equity 108.38% 0.00% 7.14%
Return on assets (9.62%) (2.91%) (3.25%)
Return on invested capital (25.60%) (15.23%) (4.96%)

Growth

Metric ARRY JKS Solar median
Revenue growth (TTM) 1.18% (19.06%) 10.49%
EPS growth (last fiscal year) 62.56% (1,668.12%) 51.53%
Revenue growth, 5-year CAGR 8.03% 11.71% 13.86%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARRY JKS Solar median
Debt to equity (3.25) 1.10 0.01
Current ratio 2.20 1.13 1.50
Net debt to EBITDA 3.36 (14.38) 0.19

Dividend

Metric ARRY JKS Solar median
Dividend yield — 14.48% —
Payout ratio — — —

Size

Metric ARRY JKS Solar median
Market cap 816.24m 517.18m 76.52m

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