China Automotive Systems, Inc. (CAAS) vs Stoneridge, Inc. (SRI)

China Automotive Systems, Inc. and Stoneridge, Inc. are both Auto Parts companies. Stoneridge, Inc. is the larger, with a market value of $194.2M against $150.6M — 1.3× the size. Stoneridge, Inc. has negative trailing earnings, so its P/E is not meaningful; China Automotive Systems, Inc. trades at 5.0×. Stoneridge, Inc. grew revenue faster over the last twelve months: 21.4% against 17.1%. China Automotive Systems, Inc. has the higher net margin (4.21% vs −13.3%) and the higher return on invested capital (6.80% vs −11.0%). Across the 19 metrics below, China Automotive Systems, Inc. leads on 15 and Stoneridge, Inc. on 4.

Valuation

Metric CAAS SRI Auto Parts median
P/E 5.01 n/m 17.92
P/S 0.21 0.22 0.64
P/B 0.36 1.31 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 0.31 0.73
Earnings yield 19.96% (61.47%) 2.73%
Free cash flow yield 11.71% (0.82%) 3.47%

Profitability

Metric CAAS SRI Auto Parts median
Gross margin 16.51% 19.10% 22.64%
Operating margin 5.95% (4.49%) 3.67%
Net margin 4.21% (13.32%) 1.68%
Free cash flow margin 2.47% (0.18%) 2.31%
Return on equity 7.25% (58.33%) 2.35%
Return on assets 3.60% (20.85%) 0.89%
Return on invested capital 6.80% (11.01%) 4.55%

Growth

Metric CAAS SRI Auto Parts median
Revenue growth (TTM) 17.08% 21.42% 5.00%
EPS growth (last fiscal year) (20.80%) (516.67%) —
Revenue growth, 5-year CAGR 8.57% 5.85% 7.78%
Net income growth, 5-year CAGR 24.65% 0.00% 0.00%

Health

Metric CAAS SRI Auto Parts median
Debt to equity 0.18 1.01 0.38
Current ratio 1.40 1.89 1.78
Net debt to EBITDA (0.19) (23.31) 1.26

Dividend

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

Size

Metric CAAS SRI Auto Parts median
Market cap 150.57m 194.24m 914.31m

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