China Automotive Systems, Inc. (CAAS) vs Innoviz Technologies Ltd. (INVZ)

China Automotive Systems, Inc. and Innoviz Technologies Ltd. are both Auto Parts companies. China Automotive Systems, Inc. is the larger, with a market value of $150.6M against $116.3M — 1.3× the size. Innoviz Technologies Ltd. has negative trailing earnings, so its P/E is not meaningful; China Automotive Systems, Inc. trades at 5.0×. Innoviz Technologies Ltd. grew revenue faster over the last twelve months: 41.1% against 17.1%. China Automotive Systems, Inc. has the higher net margin (4.21% vs −153.1%) and the higher return on invested capital (6.80% vs −20,736.5%). Across the 19 metrics below, China Automotive Systems, Inc. leads on 14 and Innoviz Technologies Ltd. on 5.

Valuation

Metric CAAS INVZ Auto Parts median
P/E 5.01 n/m 17.92
P/S 0.21 1.65 0.64
P/B 0.36 1.80 1.15
Price to free cash flow 8.54 n/m 12.82
EV/EBITDA 1.95 n/m 7.66
EV/Sales 0.17 1.33 0.73
Earnings yield 19.96% (97.44%) 2.73%
Free cash flow yield 11.71% (59.71%) 3.47%

Profitability

Metric CAAS INVZ Auto Parts median
Gross margin 16.51% 6.54% 22.64%
Operating margin 5.95% (153.51%) 3.67%
Net margin 4.21% (153.10%) 1.68%
Free cash flow margin 2.47% (98.37%) 2.31%
Return on equity 7.25% (114.79%) 2.35%
Return on assets 3.60% (60.11%) 0.89%
Return on invested capital 6.80% (20,736.53%) 4.55%

Growth

Metric CAAS INVZ Auto Parts median
Revenue growth (TTM) 17.08% 41.09% 5.00%
EPS growth (last fiscal year) (20.80%) 40.35% —
Revenue growth, 5-year CAGR 8.57% 58.74% 7.78%
Net income growth, 5-year CAGR 24.65% 0.00% 0.00%

Health

Metric CAAS INVZ Auto Parts median
Debt to equity 0.18 0.00 0.38
Current ratio 1.40 1.73 1.78
Net debt to EBITDA (0.19) 1.17 1.26

Dividend

Metric CAAS INVZ Auto Parts median
Dividend yield — — 2.37%
Payout ratio 0.00 0.00 0.00

Size

Metric CAAS INVZ Auto Parts median
Market cap 150.57m 116.26m 914.31m

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