China Automotive Systems, Inc. (CAAS) vs SES AI Corporation (SES)

China Automotive Systems, Inc. and SES AI Corporation are both Auto Parts companies. SES AI Corporation is the larger, with a market value of $203.9M against $150.6M — 1.4× the size. SES AI Corporation has negative trailing earnings, so its P/E is not meaningful; China Automotive Systems, Inc. trades at 5.0×. China Automotive Systems, Inc. has the higher net margin (4.21% vs −289.6%) and the higher return on invested capital (6.80% vs −190.6%). Across the 17 metrics below, China Automotive Systems, Inc. leads on 13 and SES AI Corporation on 4.

Valuation

Metric CAAS SES Auto Parts median
P/E 5.01 n/m 17.92
P/S 0.21 7.60 0.64
P/B 0.36 0.95 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 1.06 0.73
Earnings yield 19.96% (37.74%) 2.73%
Free cash flow yield 11.71% (33.92%) 3.47%

Profitability

Metric CAAS SES Auto Parts median
Gross margin 16.51% 27.75% 22.64%
Operating margin 5.95% (312.83%) 3.67%
Net margin 4.21% (289.64%) 1.68%
Free cash flow margin 2.47% (257.68%) 2.31%
Return on equity 7.25% (31.15%) 2.35%
Return on assets 3.60% (25.81%) 0.89%
Return on invested capital 6.80% (190.64%) 4.55%

Growth

Metric CAAS SES Auto Parts median
Revenue growth (TTM) 17.08% — 5.00%
EPS growth (last fiscal year) (20.80%) 29.03% —
Revenue growth, 5-year CAGR 8.57% — 7.78%
Net income growth, 5-year CAGR 24.65% 0.00% 0.00%

Health

Metric CAAS SES Auto Parts median
Debt to equity 0.18 0.00 0.38
Current ratio 1.40 6.52 1.78
Net debt to EBITDA (0.19) 2.76 1.26

Dividend

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

Size

Metric CAAS SES Auto Parts median
Market cap 150.57m 203.92m 914.31m

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