Head to Head Review: UBE (OTCMKTS:UBEOY) vs. Chenghe Acquisition I (NASDAQ:LATG)

Profitability

This table compares Chenghe Acquisition I and UBE’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Chenghe Acquisition I	N/A	N/A	-8.81%
UBE	3.73%	7.60%	3.66%

Insider & Institutional Ownership

50.9% of Chenghe Acquisition I shares are held by institutional investors. 54.6% of Chenghe Acquisition I shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Chenghe Acquisition I and UBE”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Chenghe Acquisition I	N/A	N/A	$430,000.00	($0.35)	-34.00
UBE	$5.84 billion	0.28	$218.05 million	$1.10	7.11

UBE has higher revenue and earnings than Chenghe Acquisition I. Chenghe Acquisition I is trading at a lower price-to-earnings ratio than UBE, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

Chenghe Acquisition I has a beta of 0.07, meaning that its stock price is 93% less volatile than the S&P 500. Comparatively, UBE has a beta of 0.87, meaning that its stock price is 13% less volatile than the S&P 500.

Summary

UBE beats Chenghe Acquisition I on 8 of the 10 factors compared between the two stocks.

About Chenghe Acquisition I

Chenghe Acquisition I Co. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific. The company was formerly known as LatAmGrowth SPAC and changed its name to Chenghe Acquisition I Co. in November 2023. Chenghe Acquisition I Co. was incorporated in 2021 and is based in Singapore.

About UBE

Ube Industries, Ltd., together with its subsidiaries, engages in the chemicals, construction materials, and machinery businesses in Japan, Asia, Europe, and internationally. The company operates through four segments: Chemicals, Construction Materials, Machinery, and Others. It offers synthetic rubber, engineering plastics, caprolactam, industrial chemicals, liquefied gas, polyethylene, ammonium sulfate, polyimide, battery materials, separation membranes, fine chemicals, ceramics, high purity chemicals, semiconductor gas products, products for polyurethane resins, aerospace materials, inorganic fiber, and high temperature paints. The company also provides contract manufacturing services for APIs and intermediates; aromatic SF5 compounds; FLUOLEAD, a novel nucleophilic fluorinating agent; and drug discovery and pipeline services. In addition, it offers cement products, ready mixed concrete, soil stabilizing cement, building materials, limestone, calcia and magnesia, specialty inorganic materials, and resource recycling, as well as imports and sells coal. Further, the company is involved in the supply of electric power. Additionally, it provides die-casting and injection molding machines, and extrusion presses; and UBE vertical mills, kilins, furnaces, dryers, water screening equipment, storage and transportation systems, bridges and steel structures, and steel billets and casting. The company also manufactures and sells nylon, plastic films, polypropylene molded products, fibers, fiber-reinforced plastics, electronic and information materials, magnesia clinker, quicklime, slaked lime, and cast iron; and offers coastal shipping, port transportation, containers, collection and transport of industrial waste, trading, and engineering services. In addition, it engages in the purchase, sale, and leasing of real estate properties. Ube Industries, Ltd. was founded in 1897 and is headquartered in Tokyo, Japan.