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SORL Auto Parts

Nasdaq:SORL
Snowflake Description

Very undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SORL
Nasdaq
$71M
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People’s Republic of China. The last earnings update was 66 days ago. More info.


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SORL Share Price and Events
7 Day Returns
-3.2%
NasdaqGM:SORL
0.7%
US Auto Components
-1.2%
US Market
1 Year Returns
-24.1%
NasdaqGM:SORL
-24.1%
US Auto Components
3.4%
US Market
SORL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SORL Auto Parts (SORL) -3.2% 7.6% 14% -24.1% 106.8% -0.4%
US Auto Components 0.7% 1.2% -14% -24.1% 0.8% -9.8%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • SORL matched the Auto Components industry (-24.1%) over the past year.
  • SORL underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
SORL
Industry
5yr Volatility vs Market

Value

 Is SORL Auto Parts undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SORL Auto Parts to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SORL Auto Parts.

NasdaqGM:SORL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:SORL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.271 (1 + (1- 25%) (345.57%))
3.388
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqGM:SORL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SORL Auto Parts is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:SORL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2020 56.73 Est @ 36.8% 49.48
2021 71.81 Est @ 26.58% 54.63
2022 85.76 Est @ 19.43% 56.90
2023 98.12 Est @ 14.42% 56.79
2024 108.83 Est @ 10.91% 54.94
2025 118.03 Est @ 8.46% 51.97
2026 125.98 Est @ 6.74% 48.38
2027 132.96 Est @ 5.54% 44.54
2028 139.20 Est @ 4.69% 40.67
2029 144.91 Est @ 4.11% 36.93
Present value of next 10 years cash flows $495.23
NasdaqGM:SORL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $144.91 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$1,248.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,248.91 ÷ (1 + 14.65%)10
$318.27
NasdaqGM:SORL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $495.23 + $318.27
$813.50
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $813.50 / 19.30
$42.14
NasdaqGM:SORL Discount to Share Price
Calculation Result
Value per share (USD) From above. $42.14
Current discount Discount to share price of $3.66
= -1 x ($3.66 - $42.14) / $42.14
91.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SORL Auto Parts is available for.
Intrinsic value
>50%
Share price is $3.66 vs Future cash flow value of $42.14
Current Discount Checks
For SORL Auto Parts to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SORL Auto Parts's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SORL Auto Parts's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SORL Auto Parts's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SORL Auto Parts's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:SORL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.70
NasdaqGM:SORL Share Price ** NasdaqGM (2019-07-19) in USD $3.66
United States of America Auto Components Industry PE Ratio Median Figure of 23 Publicly-Listed Auto Components Companies 15.8x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SORL Auto Parts.

NasdaqGM:SORL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SORL Share Price ÷ EPS (both in USD)

= 3.66 ÷ 0.70

5.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SORL Auto Parts is good value based on earnings compared to the US Auto Components industry average.
  • SORL Auto Parts is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SORL Auto Parts's expected growth come at a high price?
Raw Data
NasdaqGM:SORL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
23.8%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 1.05x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGM:SORL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.26x ÷ 23.8%

0.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SORL Auto Parts is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SORL Auto Parts's assets?
Raw Data
NasdaqGM:SORL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.82
NasdaqGM:SORL Share Price * NasdaqGM (2019-07-19) in USD $3.66
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.33x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGM:SORL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SORL Share Price ÷ Book Value per Share (both in USD)

= 3.66 ÷ 9.82

0.37x

* Primary Listing of SORL Auto Parts.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SORL Auto Parts is good value based on assets compared to the US Auto Components industry average.
X
Value checks
We assess SORL Auto Parts's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. SORL Auto Parts has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SORL Auto Parts expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SORL Auto Parts expected to grow at an attractive rate?
  • SORL Auto Parts's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SORL Auto Parts's earnings growth is expected to exceed the United States of America market average.
  • SORL Auto Parts's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:SORL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:SORL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 23.8%
NasdaqGM:SORL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4%
United States of America Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
United States of America Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:SORL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:SORL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 533 22 1
2019-12-31 514 23 1
NasdaqGM:SORL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 497 99 13
2018-12-31 468 161 13
2018-09-30 468 100 12
2018-06-30 460 103 26
2018-03-31 424 74 26
2017-12-31 391 34 24
2017-09-30 353 17 30
2017-06-30 316 4 24
2017-03-31 300 2 26
2016-12-31 279 5 19
2016-09-30 250 4 17
2016-06-30 236 21 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SORL Auto Parts's earnings are expected to grow significantly at over 20% yearly.
  • SORL Auto Parts's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:SORL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from SORL Auto Parts Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SORL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.14 1.14 1.14 1.00
2019-12-31 1.17 1.17 1.17 1.00
NasdaqGM:SORL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.70
2018-12-31 0.66
2018-09-30 0.64
2018-06-30 1.37
2018-03-31 1.33
2017-12-31 1.26
2017-09-30 1.54
2017-06-30 1.26
2017-03-31 1.33
2016-12-31 1.00
2016-09-30 0.87
2016-06-30 0.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SORL Auto Parts will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SORL Auto Parts's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SORL Auto Parts has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SORL Auto Parts performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SORL Auto Parts's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SORL Auto Parts's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • SORL Auto Parts's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SORL Auto Parts's 1-year earnings growth is negative, it can't be compared to the US Auto Components industry average.
Earnings and Revenue History
SORL Auto Parts's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SORL Auto Parts Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:SORL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 496.54 13.43 87.55 17.73
2018-12-31 468.05 12.74 82.10 16.37
2018-09-30 467.75 12.30 79.37 16.93
2018-06-30 460.28 26.49 74.20 15.39
2018-03-31 423.50 25.67 66.25 12.54
2017-12-31 390.52 24.32 61.09 11.00
2017-09-30 353.42 29.74 44.08 8.65
2017-06-30 316.01 24.40 43.87 8.12
2017-03-31 299.65 25.71 42.21 8.02
2016-12-31 278.74 19.22 45.04 7.71
2016-09-30 249.78 16.86 43.10 8.06
2016-06-30 236.40 15.67 40.72 7.91
2016-03-31 220.30 10.69 41.20 7.39
2015-12-31 218.66 13.31 36.78 7.36
2015-09-30 225.03 11.36 41.89 7.50
2015-06-30 233.41 12.21 41.07 7.48
2015-03-31 239.86 14.08 39.74 7.82
2014-12-31 237.65 13.80 41.69 7.60
2014-09-30 229.67 10.59 41.45 8.09
2014-06-30 225.46 11.00 40.79 8.23
2014-03-31 217.25 10.90 39.74 7.65
2013-12-31 208.57 9.36 38.29 7.55
2013-09-30 202.14 12.69 39.81 7.32
2013-06-30 194.36 12.74 37.23 7.29
2013-03-31 188.94 11.70 34.12 7.97
2012-12-31 192.22 12.80 32.57 7.85
2012-09-30 199.50 12.03 29.45 8.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SORL Auto Parts has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SORL Auto Parts used its assets less efficiently than the US Auto Components industry average last year based on Return on Assets.
  • SORL Auto Parts has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SORL Auto Parts's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SORL Auto Parts has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SORL Auto Parts's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SORL Auto Parts's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SORL Auto Parts is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SORL Auto Parts's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SORL Auto Parts's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SORL Auto Parts Company Filings, last reported 3 months ago.

NasdaqGM:SORL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 219.73 242.88 8.02
2018-12-31 205.47 253.51 73.59
2018-09-30 200.71 185.46 17.61
2018-06-30 214.01 211.29 24.53
2018-03-31 217.53 297.54 22.68
2017-12-31 200.29 187.03 4.22
2017-09-30 194.20 81.91 7.65
2017-06-30 180.80 70.31 7.89
2017-03-31 171.00 48.87 11.46
2016-12-31 162.39 27.42 8.06
2016-09-30 159.16 25.13 7.49
2016-06-30 156.67 25.31 11.63
2016-03-31 224.01 17.45 64.63
2015-12-31 222.42 23.37 91.24
2015-09-30 219.49 22.04 92.76
2015-06-30 226.04 18.14 70.31
2015-03-31 222.58 12.65 49.57
2014-12-31 220.19 9.54 48.85
2014-09-30 214.54 8.19 37.90
2014-06-30 211.48 11.12 27.02
2014-03-31 206.93 14.36 35.82
2013-12-31 199.50 4.53 28.24
2013-09-30 202.96 6.03 32.52
2013-06-30 198.20 9.70 38.01
2013-03-31 192.50 11.04 43.22
2012-12-31 188.47 14.60 41.25
2012-09-30 182.73 12.45 27.89
  • SORL Auto Parts's level of debt (110.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.9% vs 110.5% today).
  • Debt is well covered by operating cash flow (40.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess SORL Auto Parts's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SORL Auto Parts has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SORL Auto Parts's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SORL Auto Parts dividends.
If you bought $2,000 of SORL Auto Parts shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SORL Auto Parts's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SORL Auto Parts's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:SORL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:SORL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SORL Auto Parts has not reported any payouts.
  • Unable to verify if SORL Auto Parts's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SORL Auto Parts's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SORL Auto Parts has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SORL Auto Parts's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SORL Auto Parts afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SORL Auto Parts has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SORL Auto Parts's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xiao Zhang
COMPENSATION $60,000
AGE 57
TENURE AS CEO 15.2 years
CEO Bio

Mr. Xiao Ping Zhang has been Chairman of the Board and Chief Executive Officer at Sorl Auto Parts, Inc. since May 7, 2004. Mr. Zhang founded Ruili Group in 1987 and has been its Chairman since 1987. In 2003, he was elected the President of Wenzhou Auto Parts Association and Vice-President of China Federation of Industry and Commerce Auto & Motorbike Parts Chamber of Commerce. Mr. Zhang is a member of the Standing Committee of the People’s Congress in Rui’an City, Zhejiang, China. Mr. Zhang is also a mentor in entrepreneurship for graduate students of Zhejiang University. Mr. Zhang graduated from Zhejiang Radio and TV University in 1986 with a major in Industrial Management.

CEO Compensation
  • Xiao's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Xiao to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SORL Auto Parts management team in years:

12.1
Average Tenure
57.5
Average Age
  • The average tenure for the SORL Auto Parts management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Xiao Zhang

TITLE
Chairman & CEO
COMPENSATION
$60K
AGE
57
TENURE
15.2 yrs

Zong Zhou

TITLE
Chief Financial Officer
COMPENSATION
$30K
AGE
65

Jin Yu

TITLE
Chief Operating Officer
COMPENSATION
$50K
AGE
44
TENURE
7.3 yrs

Shu Chi

TITLE
Executive Director
COMPENSATION
$10K
AGE
58

Ben Chen

TITLE
Vice President of Finance and Corporate Secretary
TENURE
12.1 yrs
Board of Directors Tenure

Average tenure and age of the SORL Auto Parts board of directors in years:

4.1
Average Tenure
57
Average Age
  • The tenure for the SORL Auto Parts board of directors is about average.
Board of Directors

Xiao Zhang

TITLE
Chairman & CEO
COMPENSATION
$60K
AGE
57
TENURE
15.2 yrs

Shu Chi

TITLE
Executive Director
COMPENSATION
$10K
AGE
58
TENURE
5.3 yrs

Jiang Feng

TITLE
Independent Director
COMPENSATION
$10K
AGE
54
TENURE
14.9 yrs

Yu Li

TITLE
Independent Director
COMPENSATION
$10K
AGE
52
TENURE
4.1 yrs

Jin Liu

TITLE
Independent Director
COMPENSATION
$10K
AGE
76
TENURE
4.1 yrs

Xiao Zhang

TITLE
Director
COMPENSATION
$30K
AGE
52
TENURE
15.2 yrs

Hui Wang

TITLE
Independent Director
COMPENSATION
$10K
AGE
77
TENURE
4.1 yrs

Xiao Lin

TITLE
Independent Director
TENURE
0.2 yrs

Binghua Feng

TITLE
Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess SORL Auto Parts's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SORL Auto Parts has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's What We Think About SORL Auto Parts, Inc.'s (NASDAQ:SORL) CEO Pay

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Xiao Zhang's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

Could SORL Auto Parts, Inc.'s (NASDAQ:SORL) Investor Composition Influence The Stock Price?

If you want to know who really controls SORL Auto Parts, Inc. … With a market capitalization of US$61m, SORL Auto Parts is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for SORL Auto Parts

Simply Wall St -

Are SORL Auto Parts, Inc.’s Returns On Capital Worth Investigating?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

The SORL Auto Parts Share Price Is Up 96% And Shareholders Are Holding On

Just take a look at SORL Auto Parts, Inc. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over the last three years, SORL Auto Parts failed to grow earnings per share, which fell 3.8% (annualized).

Simply Wall St -

What Investors Should Know About SORL Auto Parts, Inc.'s (NASDAQ:SORL) Financial Strength

(NASDAQ:SORL) is a small-cap stock with a market capitalization of US$51m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Is SORL Auto Parts, Inc.'s (NASDAQ:SORL) CEO Paid At A Competitive Rate?

Xiao Zhang has been the CEO of SORL Auto Parts, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Xiao Zhang's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Should You Know About SORL Auto Parts Inc's (NASDAQ:SORL) Capital Returns?

and looking to gauge the potential return on investment in SORL Auto Parts Inc (NASDAQ:SORL). … Therefore, looking at how efficiently SORL Auto Parts is able to use capital to create earnings will help us understand your potential return. … See our latest analysis for SORL Auto Parts

Simply Wall St -

Is SORL Auto Parts Inc (NASDAQ:SORL) Potentially Undervalued?

SORL Auto Parts Inc (NASDAQ:SORL), which is in the auto components business, and is based in China,. … A question to answer is whether SORL Auto Parts's current trading price of $3.8 reflective of the actual value of the? … Let’s take a look at SORL Auto Parts’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

SORL Auto Parts Inc (NASDAQ:SORL): Time For A Financial Health Check

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Does SORL Auto Parts Inc's (NASDAQ:SORL) CEO Pay Matter?

In 2004 Xiao Zhang was appointed CEO of SORL Auto Parts Inc (NASDAQ:SORL). … How Does Xiao Zhang's Compensation Compare With Similar Sized Companies. … A first glance this seems like a real positive for shareholders, since Xiao Zhang is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

Company Info

Description

SORL Auto Parts, Inc., together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People’s Republic of China. It operates in two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. The company offers a range of products covering 140 categories and approximately 2000 specifications in automotive brake systems that are principally used in various types of passenger and railway transportation vehicles, as well as commercial vehicles, such as trucks and buses. It markets its products under the SORL brand through authorized distributors. The company also exports its products to approximately 104 countries and regions worldwide. SORL Auto Parts, Inc. was founded in 2003 and is headquartered in Rui'an, China.

Details
Name: SORL Auto Parts, Inc.
SORL
Exchange: NasdaqGM
Founded: 2003
$70,656,010
19,304,921
Website: http://www.sorl.cn
Address: SORL Auto Parts, Inc.
NO. 2666 KaiFaqu Avenue,
Ruili Industry Area,
Rui'an,
Zhejiang Province, 325200,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SORL Common Stock Nasdaq Global Market US USD 28. May 2004
DB A9S Common Stock Deutsche Boerse AG DE EUR 28. May 2004
Number of employees
Current staff
Staff numbers
6,459
SORL Auto Parts employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:59
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.