Cooper-Standard Holdings Inc. (CPS) vs Microvast Holdings, Inc. (MVST)

Cooper-Standard Holdings Inc. and Microvast Holdings, Inc. are both Auto Parts companies. Cooper-Standard Holdings Inc. is the larger, with a market value of $394.8M against $257.6M — 1.5× the size. Cooper-Standard Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; Microvast Holdings, Inc. trades at 4.2×. Cooper-Standard Holdings Inc. grew revenue faster over the last twelve months: 2.08% against −13.0%. Microvast Holdings, Inc. has the higher net margin (14.0% vs −2.03%) and the lower return on invested capital (−3.25% vs 4.55%). Across the 18 metrics below, Cooper-Standard Holdings Inc. leads on 12 and Microvast Holdings, Inc. on 6.

Valuation

Metric CPS MVST Auto Parts median
P/E n/m 4.17 17.92
P/S 0.15 0.66 0.64
P/B n/m 0.44 1.15
Price to free cash flow n/m n/m 12.82
EV/EBITDA 8.93 34.68 7.66
EV/Sales 0.51 0.59 0.73
Earnings yield (13.79%) 23.97% 2.73%
Free cash flow yield (1.19%) (6.64%) 3.47%

Profitability

Metric CPS MVST Auto Parts median
Gross margin 11.65% 25.11% 22.64%
Operating margin 2.30% (7.34%) 3.67%
Net margin (2.03%) 13.95% 1.68%
Free cash flow margin (0.18%) (4.35%) 2.31%
Return on equity 46.22% 11.40% 2.35%
Return on assets (3.06%) 5.24% 0.89%
Return on invested capital 4.55% (3.25%) 4.55%

Growth

Metric CPS MVST Auto Parts median
Revenue growth (TTM) 2.08% (13.03%) 5.00%
EPS growth (last fiscal year) 94.87% 85.25% —
Revenue growth, 5-year CAGR 2.90% 31.79% 7.78%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CPS MVST Auto Parts median
Debt to equity (8.24) 0.22 0.38
Current ratio 1.36 1.09 1.78
Net debt to EBITDA 4.95 2.98 1.26

Dividend

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

Size

Metric CPS MVST Auto Parts median
Market cap 394.83m 257.63m 914.31m

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