China Automotive Systems, Inc. (CAAS) vs Microvast Holdings, Inc. (MVST)

China Automotive Systems, Inc. and Microvast Holdings, Inc. are both Auto Parts companies. Microvast Holdings, Inc. is the larger, with a market value of $257.6M against $150.6M — 1.7× the size. Microvast Holdings, Inc. trades at the lower P/E: 4.2× against 5.0×. China Automotive Systems, Inc. grew revenue faster over the last twelve months: 17.1% against −13.0%. Microvast Holdings, Inc. has the higher net margin (14.0% vs 4.21%) and the lower return on invested capital (−3.25% vs 6.80%). Across the 21 metrics below, China Automotive Systems, Inc. leads on 13 and Microvast Holdings, Inc. on 8.

Valuation

Metric CAAS MVST Auto Parts median
P/E 5.01 4.17 17.92
P/S 0.21 0.66 0.64
P/B 0.36 0.44 1.15
Price to free cash flow 8.54 n/m 12.82
EV/EBITDA 1.95 34.68 7.66
EV/Sales 0.17 0.59 0.73
Earnings yield 19.96% 23.97% 2.73%
Free cash flow yield 11.71% (6.64%) 3.47%

Profitability

Metric CAAS MVST Auto Parts median
Gross margin 16.51% 25.11% 22.64%
Operating margin 5.95% (7.34%) 3.67%
Net margin 4.21% 13.95% 1.68%
Free cash flow margin 2.47% (4.35%) 2.31%
Return on equity 7.25% 11.40% 2.35%
Return on assets 3.60% 5.24% 0.89%
Return on invested capital 6.80% (3.25%) 4.55%

Growth

Metric CAAS MVST Auto Parts median
Revenue growth (TTM) 17.08% (13.03%) 5.00%
EPS growth (last fiscal year) (20.80%) 85.25% —
Revenue growth, 5-year CAGR 8.57% 31.79% 7.78%
Net income growth, 5-year CAGR 24.65% 0.00% 0.00%

Health

Metric CAAS MVST Auto Parts median
Debt to equity 0.18 0.22 0.38
Current ratio 1.40 1.09 1.78
Net debt to EBITDA (0.19) 2.98 1.26

Dividend

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

Size

Metric CAAS MVST Auto Parts median
Market cap 150.57m 257.63m 914.31m

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