Greenland Technologies Holding Corporation (GTEC) vs Worksport Ltd. (WKSP)

Greenland Technologies Holding Corporation and Worksport Ltd. are both Auto Parts companies. Greenland Technologies Holding Corporation is the larger, with a market value of $31.3M against $6.8M — 4.6× the size. Worksport Ltd. has negative trailing earnings, so its P/E is not meaningful; Greenland Technologies Holding Corporation trades at 1.9×. Worksport Ltd. grew revenue faster over the last twelve months: 47.6% against 25.9%. Greenland Technologies Holding Corporation has the higher net margin (12.3% vs −114.5%) and the higher return on invested capital (22.0% vs −55.3%). Across the 19 metrics below, Greenland Technologies Holding Corporation leads on 13 and Worksport Ltd. on 6.

Valuation

Metric GTEC WKSP Auto Parts median
P/E 1.88 n/m 17.92
P/S 0.28 0.29 0.64
P/B 0.35 0.27 1.15
Price to free cash flow 1.87 n/m 12.82
EV/EBITDA 0.13 n/m 7.66
EV/Sales 0.02 0.51 0.73
Earnings yield 53.21% (531.82%) 2.73%
Free cash flow yield 53.47% (443.69%) 3.47%

Profitability

Metric GTEC WKSP Auto Parts median
Gross margin 33.43% 30.06% 22.64%
Operating margin 16.30% (112.07%) 3.67%
Net margin 12.32% (114.49%) 1.68%
Free cash flow margin 15.73% (126.51%) 2.31%
Return on equity 17.32% (115.14%) 2.35%
Return on assets 9.34% (81.10%) 0.89%
Return on invested capital 22.03% (55.31%) 4.55%

Growth

Metric GTEC WKSP Auto Parts median
Revenue growth (TTM) 25.87% 47.63% 5.00%
EPS growth (last fiscal year) (69.90%) 45.89% —
Revenue growth, 5-year CAGR 6.29% 115.54% 7.78%
Net income growth, 5-year CAGR (6.11%) 0.00% 0.00%

Health

Metric GTEC WKSP Auto Parts median
Debt to equity 0.00 0.28 0.38
Current ratio 1.97 3.79 1.78
Net debt to EBITDA (3.64) 0.19 1.26

Dividend

Metric GTEC WKSP Auto Parts median
Dividend yield — — 2.37%
Payout ratio 0.00 0.00 0.00

Size

Metric GTEC WKSP Auto Parts median
Market cap 31.32m 6.78m 914.31m

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