Innoviz Technologies Ltd. (INVZ) vs Microvast Holdings, Inc. (MVST)

Innoviz Technologies Ltd. and Microvast Holdings, Inc. are both Auto Parts companies. Microvast Holdings, Inc. is the larger, with a market value of $257.6M against $116.3M — 2.2× the size. Innoviz Technologies Ltd. has negative trailing earnings, so its P/E is not meaningful; Microvast Holdings, Inc. trades at 4.2×. Innoviz Technologies Ltd. grew revenue faster over the last twelve months: 41.1% against −13.0%. Microvast Holdings, Inc. has the higher net margin (14.0% vs −153.1%) and the higher return on invested capital (−3.25% vs −20,736.5%). Across the 18 metrics below, Microvast Holdings, Inc. leads on 13 and Innoviz Technologies Ltd. on 5.

Valuation

Metric INVZ MVST Auto Parts median
P/E n/m 4.17 17.92
P/S 1.65 0.66 0.64
P/B 1.80 0.44 1.15
Price to free cash flow n/m n/m 12.82
EV/EBITDA n/m 34.68 7.66
EV/Sales 1.33 0.59 0.73
Earnings yield (97.44%) 23.97% 2.73%
Free cash flow yield (59.71%) (6.64%) 3.47%

Profitability

Metric INVZ MVST Auto Parts median
Gross margin 6.54% 25.11% 22.64%
Operating margin (153.51%) (7.34%) 3.67%
Net margin (153.10%) 13.95% 1.68%
Free cash flow margin (98.37%) (4.35%) 2.31%
Return on equity (114.79%) 11.40% 2.35%
Return on assets (60.11%) 5.24% 0.89%
Return on invested capital (20,736.53%) (3.25%) 4.55%

Growth

Metric INVZ MVST Auto Parts median
Revenue growth (TTM) 41.09% (13.03%) 5.00%
EPS growth (last fiscal year) 40.35% 85.25% —
Revenue growth, 5-year CAGR 58.74% 31.79% 7.78%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INVZ MVST Auto Parts median
Debt to equity 0.00 0.22 0.38
Current ratio 1.73 1.09 1.78
Net debt to EBITDA 1.17 2.98 1.26

Dividend

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

Size

Metric INVZ MVST Auto Parts median
Market cap 116.26m 257.63m 914.31m

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