Microvast Holdings, Inc. (MVST) vs Stoneridge, Inc. (SRI)

Microvast Holdings, Inc. and Stoneridge, Inc. are both Auto Parts companies. Microvast Holdings, Inc. is the larger, with a market value of $257.6M against $194.2M — 1.3× the size. Stoneridge, Inc. has negative trailing earnings, so its P/E is not meaningful; Microvast Holdings, Inc. trades at 4.2×. Stoneridge, Inc. grew revenue faster over the last twelve months: 21.4% against −13.0%. Microvast Holdings, Inc. has the higher net margin (14.0% vs −13.3%) and the higher return on invested capital (−3.25% vs −11.0%). Across the 18 metrics below, Microvast Holdings, Inc. leads on 10 and Stoneridge, Inc. on 8.

Valuation

Metric MVST SRI Auto Parts median
P/E 4.17 n/m 17.92
P/S 0.66 0.22 0.64
P/B 0.44 1.31 1.15
Price to free cash flow n/m n/m 12.82
EV/EBITDA 34.68 n/m 7.66
EV/Sales 0.59 0.31 0.73
Earnings yield 23.97% (61.47%) 2.73%
Free cash flow yield (6.64%) (0.82%) 3.47%

Profitability

Metric MVST SRI Auto Parts median
Gross margin 25.11% 19.10% 22.64%
Operating margin (7.34%) (4.49%) 3.67%
Net margin 13.95% (13.32%) 1.68%
Free cash flow margin (4.35%) (0.18%) 2.31%
Return on equity 11.40% (58.33%) 2.35%
Return on assets 5.24% (20.85%) 0.89%
Return on invested capital (3.25%) (11.01%) 4.55%

Growth

Metric MVST SRI Auto Parts median
Revenue growth (TTM) (13.03%) 21.42% 5.00%
EPS growth (last fiscal year) 85.25% (516.67%) —
Revenue growth, 5-year CAGR 31.79% 5.85% 7.78%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MVST SRI Auto Parts median
Debt to equity 0.22 1.01 0.38
Current ratio 1.09 1.89 1.78
Net debt to EBITDA 2.98 (23.31) 1.26

Dividend

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

Size

Metric MVST SRI Auto Parts median
Market cap 257.63m 194.24m 914.31m

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