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CAAS

China Automotive SystemsNasdaqCM:CAAS Stock Report

Market Cap

US$102.4m

7D

-1.5%

1Y

12.5%

Updated

26 Sep, 2021

Data

Company Financials +
CAAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends0/6

CAAS Overview

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China.

Rewards

Earnings are forecast to grow 52.36% per year

Earnings grew by 189.2% over the past year

Risk Analysis

No risks detected for CAAS from our risk checks.

China Automotive Systems Competitors

Nexteer Automotive Group

SEHK:1316

HK$19.5b

Price History & Performance

Summary of all time highs, changes and price drops for China Automotive Systems
Historical stock prices
Current Share PriceUS$3.32
52 Week HighUS$2.85
52 Week LowUS$13.69
Beta3.1
1 Month Change-8.79%
3 Month Change-30.10%
1 Year Change12.54%
3 Year Change-5.95%
5 Year Change-20.00%
Change since IPO7.10%

Recent News & Updates

Aug 18
If You Like EPS Growth Then Check Out China Automotive Systems (NASDAQ:CAAS) Before It's Too Late

If You Like EPS Growth Then Check Out China Automotive Systems (NASDAQ:CAAS) Before It's Too Late

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Jul 21
This Is Why China Automotive Systems, Inc.'s (NASDAQ:CAAS) CEO Can Expect A Bump Up In Their Pay Packet

This Is Why China Automotive Systems, Inc.'s (NASDAQ:CAAS) CEO Can Expect A Bump Up In Their Pay Packet

Shareholders will be pleased by the robust performance of China Automotive Systems, Inc. ( NASDAQ:CAAS ) recently and...

Jun 09

China Automotive Systems acquires 40% stake in Sentient AB for €20M

Hubei Henglong Automotive Systems Group, a wholly owned subsidiary of China Automotive Systems (CAAS) has purchased a 40% interest in the issued share capital of Sentient AB, a Swedish automotive technology company. Jingzhou WiseDawn Electric Car Co., Ltd. will transfer its 40% stake in Sentient to Henglong for total consideration of €20M in three tranches of cash payments. Mr. Hanlin Chen, Chairman of CAAS, commented, "As a key focus of our recently formulated new five-year plan, we will leverage our advantage

Shareholder Returns

CAASUS Auto ComponentsUS Market
7D-1.5%3.9%0.1%
1Y12.5%60.8%35.3%

Return vs Industry: CAAS underperformed the US Auto Components industry which returned 60.8% over the past year.

Return vs Market: CAAS underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is CAAS's price volatile compared to industry and market?
CAAS volatility
CAAS Beta3.1
Industry Beta1.89
Market Beta1

Stable Share Price: CAAS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CAAS's weekly volatility has decreased from 27% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
19994,526Qizhou Wuhttps://www.caasauto.com

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. China Automotive Systems, Inc. also markets automotive parts in North America and Brazil, as well as provides after sales services, and research and development support services.

China Automotive Systems Fundamentals Summary

How do China Automotive Systems's earnings and revenue compare to its market cap?
CAAS fundamental statistics
Market CapUS$102.43m
Earnings (TTM)US$5.55m
Revenue (TTM)US$511.84m

18.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAAS income statement (TTM)
RevenueUS$511.84m
Cost of RevenueUS$441.11m
Gross ProfitUS$70.73m
ExpensesUS$65.18m
EarningsUS$5.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin13.82%
Net Profit Margin1.08%
Debt/Equity Ratio11.1%

How did CAAS perform over the long term?

See historical performance and comparison

Valuation

Is China Automotive Systems undervalued compared to its fair value and its price relative to the market?

18.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CAAS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CAAS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CAAS is poor value based on its PE Ratio (18.4x) compared to the US Auto Components industry average (17.9x).

PE vs Market: CAAS is poor value based on its PE Ratio (18.4x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: CAAS is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CAAS is good value based on its PB Ratio (0.3x) compared to the US Auto Components industry average (2.3x).


Future Growth

How is China Automotive Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

52.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAAS's forecast earnings growth (52.4% per year) is above the savings rate (2%).

Earnings vs Market: CAAS's earnings (52.4% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CAAS's revenue (0.5% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: CAAS's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CAAS's Return on Equity is forecast to be high in 3 years time


Past Performance

How has China Automotive Systems performed over the past 5 years?

-27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAAS has high quality earnings.

Growing Profit Margin: CAAS's current net profit margins (1.1%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: CAAS's earnings have declined by 27.3% per year over the past 5 years.

Accelerating Growth: CAAS's earnings growth over the past year (189.2%) exceeds its 5-year average (-27.3% per year).

Earnings vs Industry: CAAS earnings growth over the past year (189.2%) exceeded the Auto Components industry 133.9%.


Return on Equity

High ROE: CAAS's Return on Equity (0.2%) is considered low.


Financial Health

How is China Automotive Systems's financial position?


Financial Position Analysis

Short Term Liabilities: CAAS's short term assets ($475.8M) exceed its short term liabilities ($337.9M).

Long Term Liabilities: CAAS's short term assets ($475.8M) exceed its long term liabilities ($29.2M).


Debt to Equity History and Analysis

Debt Level: CAAS's debt to equity ratio (11.1%) is considered satisfactory.

Reducing Debt: CAAS's debt to equity ratio has reduced from 13.7% to 11.1% over the past 5 years.

Debt Coverage: CAAS's debt is well covered by operating cash flow (86.8%).

Interest Coverage: CAAS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is China Automotive Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CAAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CAAS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CAAS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CAAS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CAAS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.0yrs

Average management tenure


CEO

Qizhou Wu (57 yo)

14yrs

Tenure

US$220,000

Compensation

Mr. Qizhou Wu Co-founded China Automotive Systems Inc. and has been its Chief Executive Officer since September 25, 2007 and serves as its President. Mr. Wu serves as the Chief Technology Officer of China...


CEO Compensation Analysis

Compensation vs Market: Qizhou's total compensation ($USD220.00K) is below average for companies of similar size in the US market ($USD548.10K).

Compensation vs Earnings: Qizhou's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CAAS's management team is seasoned and experienced (14 years average tenure).


Board Members

Experienced Board: CAAS's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Automotive Systems, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: China Automotive Systems, Inc.
  • Ticker: CAAS
  • Exchange: NasdaqCM
  • Founded: 1999
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$102.428m
  • Shares outstanding: 30.85m
  • Website: https://www.caasauto.com

Number of Employees


Location

  • China Automotive Systems, Inc.
  • No. 1 Henglong Road
  • Yu Qiao Development Zone
  • Jingzhou
  • Hubei Province
  • 434000
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:05
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.