China Automotive Systems
Market Cap
US$206.7m
Last Updated
2021/01/26 00:04 UTC
Data Sources
Company Financials +
Executive Summary
China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has China Automotive Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CAAS is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 53% a week.
Volatility Over Time: CAAS's weekly volatility has increased from 27% to 53% over the past year.
Market Performance
7 Day Return
-3.7%
CAAS
0.1%
US Auto Components
2.6%
US Market
1 Year Return
134.3%
CAAS
37.9%
US Auto Components
26.0%
US Market
Return vs Industry: CAAS exceeded the US Auto Components industry which returned 37.9% over the past year.
Return vs Market: CAAS exceeded the US Market which returned 26% over the past year.
Shareholder returns
| CAAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.7% | 0.1% | 2.6% |
| 30 Day | -1.5% | -10.4% | 5.1% |
| 90 Day | 121.1% | 34.0% | 17.1% |
| 1 Year | 134.3%134.3% | 39.0%37.9% | 28.9%26.0% |
| 3 Year | 43.8%43.8% | 6.1%-1.1% | 46.3%36.6% |
| 5 Year | 72.2%72.2% | 85.8%59.1% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is China Automotive Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What You Need To Know About China Automotive Systems, Inc.'s (NASDAQ:CAAS) Investor Composition1 month ago | Simply Wall St
Jie Li Is The Chief Financial Officer of China Automotive Systems, Inc. (NASDAQ:CAAS) And They Just Sold 35% Of Their Shares1 month ago | Simply Wall St
Introducing China Automotive Systems (NASDAQ:CAAS), The Stock That Zoomed 122% In The Last YearValuation
Is China Automotive Systems undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CAAS ($6.7) is trading below our estimate of fair value ($122.96)
Significantly Below Fair Value: CAAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CAAS is unprofitable, so we can't compare its PE Ratio to the US Auto Components industry average.
PE vs Market: CAAS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CAAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CAAS is good value based on its PB Ratio (0.7x) compared to the US Auto Components industry average (2.1x).
Next Steps
Future Growth
How is China Automotive Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
237.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAAS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CAAS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CAAS's is expected to become profitable in the next 3 years.
Revenue vs Market: CAAS's revenue (18.1% per year) is forecast to grow faster than the US market (10.6% per year).
High Growth Revenue: CAAS's revenue (18.1% 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
Next Steps
Past Performance
How has China Automotive Systems performed over the past 5 years?
-38.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAAS is currently unprofitable.
Growing Profit Margin: CAAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CAAS is unprofitable, and losses have increased over the past 5 years at a rate of 38.3% per year.
Accelerating Growth: Unable to compare CAAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAAS is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-10.3%).
Return on Equity
High ROE: CAAS has a negative Return on Equity (-0.81%), as it is currently unprofitable.
Next Steps
Financial Health
How is China Automotive Systems's financial position?
Financial Position Analysis
Short Term Liabilities: CAAS's short term assets ($440.4M) exceed its short term liabilities ($320.8M).
Long Term Liabilities: CAAS's short term assets ($440.4M) exceed its long term liabilities ($34.0M).
Debt to Equity History and Analysis
Debt Level: CAAS's debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: CAAS's debt to equity ratio has reduced from 14.7% to 14.3% over the past 5 years.
Debt Coverage: CAAS's debt is well covered by operating cash flow (177.1%).
Interest Coverage: Insufficient data to determine if CAAS's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
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?
13.3yrs
Average management tenure
CEO
Qizhou Wu (56 yo)
13.33yrs
Tenure
US$208,000
Compensation
Mr. Qizhou Wu Co-founded China Automotive Systems Inc. and has been its Chief Executive Officer since September 25, 2007 and serves as its President. Mr. Wu serves as the Chief Technology Officer of China ...
CEO Compensation Analysis
Compensation vs Market: Qizhou's total compensation ($USD208.00K) is below average for companies of similar size in the US market ($USD996.42K).
Compensation vs Earnings: Qizhou's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Executive Officer | 17.83yrs | US$312.00k | 43.18% $ 89.3m | |
| President | 13.33yrs | US$208.00k | 4.3% $ 8.9m | |
| Chief Financial Officer | 13.33yrs | US$125.00k | 0.30% $ 609.9k | |
| Manager of Investor Relations | no data | no data | no data | |
| Senior Vice President | 17.83yrs | US$60.00k | 1.3% $ 2.7m | |
| President of California Division | 2.17yrs | no data | no data | |
| Secretary | no data | no data | no data |
13.3yrs
Average Tenure
53yo
Average Age
Experienced Management: CAAS's management team is seasoned and experienced (13.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Executive Officer | 17.83yrs | US$312.00k | 43.18% $ 89.3m | |
| President | 13.33yrs | US$208.00k | 4.3% $ 8.9m | |
| Independent Director | 1.5yrs | US$15.00k | no data | |
| Independent Director | 11.08yrs | US$59.00k | no data | |
| Independent Director | 1.5yrs | US$15.00k | no data |
11.1yrs
Average Tenure
62yo
Average Age
Experienced Board: CAAS's board of directors are seasoned and experienced ( 11.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CAAS insiders have only sold shares 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Automotive Systems, Inc.
- Ticker: CAAS
- Exchange: NasdaqCM
- Founded: NaN
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$206.707m
- 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 City
- Hubei Province
- 434000
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CAAS | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Sep 2002 |
| RYV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 2002 |
Biography
China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China. The company produces rack and pinion power steering gea...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 00:04 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.