Comprehensive Stock Comparison
Compare Chagee Holdings Limited American Depositary Shares (CHA) vs Oatly Group AB (OTLY) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | CHA | 167.4% revenue growth vs OTLY's 4.7% |
| Quality / Margins | CHA | 13.6% net margin vs OTLY's -17.7% |
| Stability / Safety | OTLY | Beta 0.95 vs CHA's 1.00 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | OTLY | +11.9% vs CHA's -63.6% |
| Efficiency (ROA) | CHA | 15.1% ROA vs OTLY's -19.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Chagee Holdings operates a premium tea beverage chain with physical teahouses and online platforms across China and internationally. It generates revenue primarily from direct sales of tea drinks through its stores (roughly 70-80%) and franchise fees from its expanding network of franchised locations. The company's competitive advantage lies in its strong brand recognition for premium tea experiences and its vertically integrated supply chain for tea sourcing and product development.
Oatly is a plant-based food company that produces oat milk and other dairy alternatives made from oats. It generates revenue primarily from retail sales of its oat milk products—including Barista editions and ready-to-drink beverages—and foodservice partnerships with coffee shops and restaurants. The company's key advantage is its strong brand recognition in the oat milk category and proprietary enzyme technology that creates a distinctive creamy texture.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
CHA leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). OTLY leads in 2 (Valuation Metrics, Risk & Volatility).
Financial Metrics (TTM)
CHA is the larger business by revenue, generating $13.3B annually — 15.4x OTLY's $862M. CHA is the more profitable business, keeping 13.6% of every revenue dollar as net income compared to OTLY's -17.7%. On growth, OTLY holds the edge at +9.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CHAChagee Holdings L… | OTLYOatly Group AB |
|---|---|---|
| RevenueTrailing 12 months | $13.3B | $862M |
| EBITDAEarnings before interest/tax | $2.0B | -$30M |
| Net IncomeAfter-tax profit | $1.8B | -$153M |
| Free Cash FlowCash after capex | $2.0B | -$37M |
| Gross MarginGross profit ÷ Revenue | +47.2% | +32.1% |
| Operating MarginEBIT ÷ Revenue | +15.3% | -7.9% |
| Net MarginNet income ÷ Revenue | +13.6% | -17.7% |
| FCF MarginFCF ÷ Revenue | +14.7% | -4.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | -9.4% | +9.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -41.8% | +80.0% |
Valuation Metrics
| Metric | CHAChagee Holdings L… | OTLYOatly Group AB |
|---|---|---|
| Market CapShares × price | $1.3B | $372M |
| Enterprise ValueMkt cap + debt − cash | $704M | $821M |
| Trailing P/EPrice ÷ TTM EPS | 5.47x | -2.37x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.15x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 1.64x | — |
| Price / SalesMarket cap ÷ Revenue | 0.73x | 0.43x |
| Price / BookPrice ÷ Book value/share | 5.00x | 18.39x |
| Price / FCFMarket cap ÷ FCF | 3.48x | — |
Profitability & Efficiency
CHA delivers a 20.8% return on equity — every $100 of shareholder capital generates $21 in annual profit, vs $-8 for OTLY. CHA carries lower financial leverage with a 0.20x debt-to-equity ratio, signaling a more conservative balance sheet compared to OTLY's 26.12x. On the Piotroski fundamental quality scale (0–9), CHA scores 8/9 vs OTLY's 4/9, reflecting strong financial health.
| Metric | CHAChagee Holdings L… | OTLYOatly Group AB |
|---|---|---|
| ROE (TTM)Return on equity | +20.8% | -7.8% |
| ROA (TTM)Return on assets | +15.1% | -19.4% |
| ROICReturn on invested capital | — | -10.5% |
| ROCEReturn on capital employed | +99.8% | -27.2% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 4 |
| Debt / EquityFinancial leverage | 0.20x | 26.12x |
| Net DebtTotal debt minus cash | -$4.2B | $449M |
| Cash & Equiv.Liquid assets | $4.8B | $64M |
| Total DebtShort + long-term debt | $548M | $514M |
| Interest CoverageEBIT ÷ Interest expense | — | -1.39x |
Total Returns (with DRIP)
A $10,000 investment in CHA five years ago would be worth $3,637 today (with dividends reinvested), compared to $295 for OTLY. Over the past 12 months, OTLY leads with a +11.9% total return vs CHA's -63.6%. The 3-year compound annual growth rate (CAGR) favors CHA at -28.6% vs OTLY's -35.3% — a key indicator of consistent wealth creation.
| Metric | CHAChagee Holdings L… | OTLYOatly Group AB |
|---|---|---|
| YTD ReturnYear-to-date | -11.2% | +6.3% |
| 1-Year ReturnPast 12 months | -63.6% | +11.9% |
| 3-Year ReturnCumulative with dividends | -63.6% | -72.9% |
| 5-Year ReturnCumulative with dividends | -63.6% | -97.1% |
| 10-Year ReturnCumulative with dividends | -63.6% | -97.1% |
| CAGR (3Y)Annualised 3-year return | -28.6% | -35.3% |
Risk & Volatility
OTLY is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than CHA's 1.00 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OTLY currently trades 63.2% from its 52-week high vs CHA's 26.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CHAChagee Holdings L… | OTLYOatly Group AB |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.00x | 0.95x |
| 52-Week HighHighest price in past year | $41.80 | $18.84 |
| 52-Week LowLowest price in past year | $9.95 | $8.25 |
| % of 52W HighCurrent price vs 52-week peak | +26.1% | +63.2% |
| RSI (14)Momentum oscillator 0–100 | 50.0 | 53.9 |
| Avg Volume (50D)Average daily shares traded | 742K | 65K |
Analyst Outlook
Wall Street rates CHA as "Hold" and OTLY as "Hold". Consensus price targets imply 51.0% upside for CHA (target: $17) vs 29.1% for OTLY (target: $15).
| Metric | CHAChagee Holdings L… | OTLYOatly Group AB |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $16.50 | $15.38 |
| # AnalystsCovering analysts | 15 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.3% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Revenue Growth — 10 Years
| Stock | 2019 | 2025 | Change |
|---|---|---|---|
| Chagee Holdings Lim… (CHA) | $492M | $12.4B | +2423.2% |
| Oatly Group AB (OTLY) | $204M | $862M | +322.7% |
Oatly Group AB's revenue grew from $204M (2019) to $862M (2025) — a 27.2% CAGR.
Chart 2Net Margin Trend — 10 Years
| Stock | 2019 | 2025 | Change |
|---|---|---|---|
| Chagee Holdings Lim… (CHA) | -18.5% | 20.3% | +209.9% |
| Oatly Group AB (OTLY) | -17.5% | -17.7% | -1.5% |
Oatly Group AB's net margin went from -17% (2019) to -18% (2025).
Chart 3EPS Growth — 10 Years
| Stock | 2019 | 2025 | Change |
|---|---|---|---|
| Chagee Holdings Lim… (CHA) | -0.79 | 13.71 | +1835.4% |
| Oatly Group AB (OTLY) | -1.2 | -5.03 | -319.2% |
Oatly Group AB's EPS grew from $-1.20 (2019) to $-5.03 (2025).
Chart 4Free Cash Flow — 5 Years
Chagee Holdings Limited American Depositary Shares generated $3B FCF in 2024 (+7938% vs 2022). Oatly Group AB generated $-36M FCF in 2025 (+93% vs 2021).
CHA vs OTLY: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is CHA or OTLY a better buy right now?
Chagee Holdings Limited American Depositary Shares (CHA) offers the better valuation at 5.5x trailing P/E (7.2x forward), making it the more compelling value choice. Analysts rate Chagee Holdings Limited American Depositary Shares (CHA) a "Hold" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CHA or OTLY?
Over the past 5 years, Chagee Holdings Limited American Depositary Shares (CHA) delivered a total return of -63.6%, compared to -97.1% for Oatly Group AB (OTLY). A $10,000 investment in CHA five years ago would be worth approximately $4K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CHA returned -63.6% versus OTLY's -97.1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CHA or OTLY?
By beta (market sensitivity over 5 years), Oatly Group AB (OTLY) is the lower-risk stock at 0.95β versus Chagee Holdings Limited American Depositary Shares's 1.00β — meaning CHA is approximately 5% more volatile than OTLY relative to the S&P 500. On balance sheet safety, Chagee Holdings Limited American Depositary Shares (CHA) carries a lower debt/equity ratio of 20% versus 26% for Oatly Group AB — giving it more financial flexibility in a downturn.
04Which has better profit margins — CHA or OTLY?
Chagee Holdings Limited American Depositary Shares (CHA) is the more profitable company, earning 20.3% net margin versus -17.7% for Oatly Group AB — meaning it keeps 20.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CHA leads at 23.3% versus -7.9% for OTLY. At the gross margin level — before operating expenses — CHA leads at 45.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is CHA or OTLY more undervalued right now?
Analyst consensus price targets imply the most upside for CHA: 51.0% to $16.50.
06Which pays a better dividend — CHA or OTLY?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is CHA or OTLY better for a retirement portfolio?
For long-horizon retirement investors, Oatly Group AB (OTLY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.95)). Both have compounded well over 10 years (OTLY: -97.1%, CHA: -63.6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between CHA and OTLY?
Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: CHA is a small-cap deep-value stock; OTLY is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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