Miller Industries, Inc. (MLR) vs Solid Power, Inc. (SLDP)

Miller Industries, Inc. and Solid Power, Inc. are both Auto Parts companies. Miller Industries, Inc. is the larger, with a market value of $611.2M against $538.6M — 1.1× the size. Solid Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Miller Industries, Inc. trades at 42.9×. Miller Industries, Inc. grew revenue faster over the last twelve months: −21.0% against −51.5%. Miller Industries, Inc. has the higher net margin (1.86% vs −816.4%) and the higher return on invested capital (3.75% vs −25.9%). Across the 19 metrics below, Miller Industries, Inc. leads on 13 and Solid Power, Inc. on 6.

Valuation

Metric MLR SLDP Auto Parts median
P/E 42.89 n/m 17.92
P/S 0.80 49.12 0.64
P/B 1.46 1.08 1.15
Price to free cash flow 5.38 n/m 12.82
EV/EBITDA 14.98 n/m 7.66
EV/Sales 0.73 27.18 0.73
Earnings yield 2.33% (18.83%) 2.73%
Free cash flow yield 18.59% (13.54%) 3.47%

Profitability

Metric MLR SLDP Auto Parts median
Gross margin 14.71% (37.85%) 22.64%
Operating margin 2.86% (978.24%) 3.67%
Net margin 1.86% (816.39%) 1.68%
Free cash flow margin 14.81% (665.13%) 2.31%
Return on equity 3.41% (20.58%) 2.35%
Return on assets 2.32% (19.41%) 0.89%
Return on invested capital 3.75% (25.93%) 4.55%

Growth

Metric MLR SLDP Auto Parts median
Revenue growth (TTM) (20.95%) (51.49%) 5.00%
EPS growth (last fiscal year) (63.80%) 5.56% —
Revenue growth, 5-year CAGR 3.94% 51.64% 7.78%
Net income growth, 5-year CAGR (5.06%) 0.00% 0.00%

Health

Metric MLR SLDP Auto Parts median
Debt to equity 0.01 0.00 0.38
Current ratio 2.46 14.61 1.78
Net debt to EBITDA (0.25) 2.93 1.26

Dividend

Metric MLR SLDP Auto Parts median
Dividend yield 1.69% — 2.37%
Payout ratio 0.21 0.00 0.00

Size

Metric MLR SLDP Auto Parts median
Market cap 611.20m 538.63m 914.31m

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