China Automotive Systems
Market Cap
US$75.7m
Last Updated
2020/02/16 23:59 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.
Rewards
Risk Analysis
Snowflake Analysis
Good value with moderate 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.4%
CAAS
1.2%
US Auto Components
1.5%
US Market
1 Year Return
-24.2%
CAAS
-6.8%
US Auto Components
20.1%
US Market
Return vs Industry: CAAS underperformed the US Auto Components industry which returned -6.8% over the past year.
Return vs Market: CAAS underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| CAAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.4% | 1.2% | 1.5% |
| 30 Day | -22.8% | -4.9% | 1.4% |
| 90 Day | -16.0% | -2.8% | 8.7% |
| 1 Year | -24.2%-24.2% | -5.4%-6.8% | 22.7%20.1% |
| 3 Year | -50.5%-50.5% | -7.4%-16.6% | 50.1%40.5% |
| 5 Year | -64.5%-64.5% | 3.0%-11.8% | 73.1%54.1% |
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
2 weeks ago | Simply Wall St
Can We See Significant Insider Ownership On The China Automotive Systems, Inc. (NASDAQ:CAAS) Share Register?1 month ago | Simply Wall St
Is Now The Time To Look At Buying China Automotive Systems, Inc. (NASDAQ:CAAS)?1 month ago | Simply Wall St
Does China Automotive Systems, Inc. (NASDAQ:CAAS) Have A Volatile Share Price?Valuation
Is China Automotive Systems undervalued compared to its fair value and its price relative to the market?
15x
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 good value based on its PE Ratio (15x) compared to the Auto Components industry average (17.3x).
PE vs Market: CAAS is good value based on its PE Ratio (15x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CAAS is good value based on its PEG Ratio (0.5x)
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 (1.3x).
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?
29.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAAS's forecast earnings growth (29.6% per year) is above the savings rate (1.7%).
Earnings vs Market: CAAS's earnings (29.6% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CAAS's revenue (2.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CAAS's revenue (2.3% 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?
-46.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAAS has a large one-off gain of $445.0K impacting its September 30 2019 financial results.
Growing Profit Margin: CAAS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CAAS's earnings have declined by -46.8% per year over the past 5 years.
Accelerating Growth: CAAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CAAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (-1.4%).
Return on Equity
High ROE: CAAS's Return on Equity (0.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is China Automotive Systems's financial position?
Financial Position Analysis
Short Term Liabilities: CAAS's short term assets ($447.0M) exceed its short term liabilities ($297.6M).
Long Term Liabilities: CAAS's short term assets ($447.0M) exceed its long term liabilities ($47.8M).
Debt to Equity History and Analysis
Debt Level: CAAS's debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: CAAS's debt to equity ratio has increased from 18.2% to 23.8% over the past 5 years.
Debt Coverage: CAAS's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: Insufficient data to determine if CAAS's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: CAAS has a high level of physical assets or inventory.
Debt Coverage by Assets: CAAS's debt is covered by short term assets (assets are 6.1x debt).
Next Steps
Dividend
What is China Automotive Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CAAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CAAS's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
12.4yrs
Average management tenure
CEO
Qizhou Wu (55yo)
12.4yrs
Tenure
US$164,000
Compensation
Mr. Qizhou Wu Co-founded China Automotive Systems Inc. and has been its Chief Executive Officer since September 25, 2007 and serves as its President. Mr. Wu serves as the Chief Technology Officer of China ...
CEO Compensation Analysis
Compensation vs Market: Qizhou's total compensation ($USD164.00K) is below average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Qizhou's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.9yrs | US$246.00k | 42.42% $32.1m | |
| President | 12.4yrs | US$164.00k | 4.22% $3.2m | |
| Chief Financial Officer | 12.4yrs | US$98.00k | 0.29% $219.4k | |
| Manager of Investor Relations | 0yrs | no data | no data | |
| Senior Vice President | 16.9yrs | US$60.00k | 1.27% $964.5k | |
| Secretary | 0yrs | no data | no data | |
| President of California Division | 1.3yrs | no data | no data |
12.4yrs
Average Tenure
52yo
Average Age
Experienced Management: CAAS's management team is seasoned and experienced (12.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.9yrs | US$246.00k | 42.42% $32.1m | |
| President | 12.4yrs | US$164.00k | 4.22% $3.2m | |
| Independent Director | 0.6yrs | no data | no data | |
| Independent Director | 10.2yrs | US$67.00k | no data | |
| Independent Director | 0.6yrs | no data | no data |
10.2yrs
Average Tenure
61.5yo
Average Age
Experienced Board: CAAS's board of directors are seasoned and experienced ( 10.2 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Automotive Systems, Inc.
- Ticker: CAAS
- Exchange: NasdaqCM
- Founded:
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$75.682m
- Shares outstanding: 31.40m
- 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 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. It is also involved in the marketing of automotive parts in North America and Brazil, as well as the provision of after sales, and research and development support services. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. is headquartered in Jingzhou City, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:59 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.