China Automotive Systems, Inc. (CAAS) vs ECARX Holdings, Inc. (ECX)

China Automotive Systems, Inc. and ECARX Holdings, Inc. are both Auto Parts companies. ECARX Holdings, Inc. is the larger, with a market value of $285.3M against $124.6M — 2.3× the size. ECARX Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; China Automotive Systems, Inc. trades at 4.3×. China Automotive Systems, Inc. grew revenue faster over the last twelve months: 17.1% against 11.1%. China Automotive Systems, Inc. has the higher net margin (4.21% vs −2.25%) and the higher return on invested capital (6.80% vs −2.70%). Across the 17 metrics below, China Automotive Systems, Inc. leads on 13 and ECARX Holdings, Inc. on 4.

Valuation

Metric CAAS ECX Auto Parts median
P/E 4.33 n/m 14.81
P/S 0.18 0.34 0.55
P/B 0.31 n/m 1.16
Price to free cash flow 7.38 n/m 10.18
EV/EBITDA 1.61 n/m 7.39
EV/Sales 0.14 0.87 0.67
Earnings yield 23.10% (6.45%) 3.46%
Free cash flow yield 13.55% (111.60%) 2.74%

Profitability

Metric CAAS ECX Auto Parts median
Gross margin 16.51% 20.87% 22.13%
Operating margin 5.95% (1.01%) 3.50%
Net margin 4.21% (2.25%) 1.89%
Free cash flow margin 2.47% 0.00% 1.43%
Return on equity 7.25% 7.07% 0.96%
Return on assets 3.60% (2.68%) 1.20%
Return on invested capital 6.80% (2.70%) 4.41%

Growth

Metric CAAS ECX Auto Parts median
Revenue growth (TTM) 17.08% 11.13% 4.32%
EPS growth (last fiscal year) (20.80%) 50.00% 5.72%
Revenue growth, 5-year CAGR 8.57% — 7.66%
Net income growth, 5-year CAGR 24.65% 0.00% 0.00%

Health

Metric CAAS ECX Auto Parts median
Debt to equity 0.18 (2.57) 0.43
Current ratio 1.40 0.72 1.73
Net debt to EBITDA (0.19) (7.22) 1.26

Dividend

Metric CAAS ECX Auto Parts median
Dividend yield 0.00% — 1.97%
Payout ratio 0.00 — 0.27

Size

Metric CAAS ECX Auto Parts median
Market cap 124.60m 285.29m 1.03b

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