Microvast Holdings, Inc.
—- Market cap
- —
- Debt
- +$106.28M
- Cash
- −$104.96M
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MVST stock price vs PDD: inconclusive — current versus $2.05 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PDD's multiple
Implied fair value · at MVST's multiple
Needs MVST P/S.
Snapshot Sep 8, 2026, 2:45 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MVST FY 2025 (ended Dec 31, 2025) · PDD FY 2025 (ended Dec 31, 2025).
Trendline
Eight fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 86% equity / 14% debt · EV / Revenue 1.16x · EV / EBITDA 4.08x
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Microvast Holdings, Inc. · implied price per share
At least 3 of the last 5 annual free-cash-flow observations must be positive.
PDD Holdings Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.26x
0.31x
Net debt / EBITDA
Leverage against operating earnings
-0.05x
-2.40x
Cash and equivalents
Liquid reserves on the balance sheet
$104.96M
$60.39B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Fluence Energy, Inc.
MVST vs FLNC
QuantumScape Corp
MVST vs QS
Enovix Corp
MVST vs ENVX
Aeva Technologies, Inc.
MVST vs AEVA
AMAZON COM INC
MVST vs AMZN
MERCADOLIBRE INC
MVST vs MELI
Alibaba Group Holding Ltd
MVST vs BABA
JD.com, Inc.
MVST vs JD
SHOPIFY INC.
MVST vs SHOP
Sea Ltd
MVST vs SE
$106.28M
$18.30B
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.