CAI International
Market Cap
US$590.6m
Last Updated
2021/01/17 23:49 UTC
Data Sources
Company Financials +
Executive Summary
CAI International, Inc. operates as transportation finance and logistics company in the United States, Switzerland, France, Korea, Singapore, rest of Asia, rest of Europe, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with proven track record.
Similar Companies
Share Price & News
How has CAI International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CAI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CAI's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
2.8%
CAI
-0.5%
US Trade Distributors
-1.0%
US Market
1 Year Return
16.5%
CAI
24.8%
US Trade Distributors
19.6%
US Market
Return vs Industry: CAI underperformed the US Trade Distributors industry which returned 24.8% over the past year.
Return vs Market: CAI underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| CAI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | -0.5% | -1.0% |
| 30 Day | 6.7% | 4.8% | 2.3% |
| 90 Day | 11.4% | 23.9% | 13.1% |
| 1 Year | 18.7%16.5% | 27.6%24.8% | 22.3%19.6% |
| 3 Year | 14.5%12.4% | 28.1%22.1% | 45.3%35.7% |
| 5 Year | 441.6%431.4% | 136.5%117.7% | 124.8%99.8% |
Long-Term Price Volatility Vs. Market
How volatile is CAI International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is CAI International's (NYSE:CAI) Share Price Gain Of 289% Well Earned?1 month ago | Simply Wall St
What CAI International, Inc.'s (NYSE:CAI) ROE Can Tell Us1 month ago | Simply Wall St
Here's What We Like About CAI International's (NYSE:CAI) Upcoming DividendValuation
Is CAI International 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: CAI ($33.69) is trading below our estimate of fair value ($81.61)
Significantly Below Fair Value: CAI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CAI is good value based on its PE Ratio (11.1x) compared to the US Trade Distributors industry average (24.7x).
PE vs Market: CAI is good value based on its PE Ratio (11.1x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: CAI is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: CAI is good value based on its PB Ratio (1x) compared to the US Trade Distributors industry average (1.9x).
Next Steps
Future Growth
How is CAI International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
31.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAI's forecast earnings growth (31.9% per year) is above the savings rate (2%).
Earnings vs Market: CAI's earnings (31.9% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CAI's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: CAI's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CAI's Return on Equity is forecast to be low in 3 years time (12.2%).
Next Steps
Past Performance
How has CAI International performed over the past 5 years?
16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAI has a large one-off gain of $11.5M impacting its September 30 2020 financial results.
Growing Profit Margin: CAI's current net profit margins (13.2%) are higher than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: CAI's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: CAI's earnings growth over the past year (68.8%) exceeds its 5-year average (16.3% per year).
Earnings vs Industry: CAI earnings growth over the past year (68.8%) exceeded the Trade Distributors industry -6.9%.
Return on Equity
High ROE: CAI's Return on Equity (8.8%) is considered low.
Next Steps
Financial Health
How is CAI International's financial position?
Financial Position Analysis
Short Term Liabilities: CAI's short term assets ($515.8M) do not cover its short term liabilities ($628.8M).
Long Term Liabilities: CAI's short term assets ($515.8M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: CAI's debt to equity ratio (315.8%) is considered high.
Reducing Debt: CAI's debt to equity ratio has increased from 296.9% to 315.8% over the past 5 years.
Debt Coverage: CAI's debt is not well covered by operating cash flow (12%).
Interest Coverage: CAI's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Next Steps
Dividend
What is CAI International current dividend yield, its reliability and sustainability?
2.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CAI's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: CAI's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether CAI's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if CAI's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.3%), CAI's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CAI's dividends in 3 years are forecast to be well covered by earnings (20.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.6yrs
Average management tenure
CEO
Tim Page (67 yo)
0.58
Tenure
US$758,480
Compensation
Mr. Timothy B. Page, also known as Tim, serves as Executive Vice President, Interim President and Chief Executive Officer of CAI International, Inc. since June 12, 2020 and serves as Director since June 14...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD758.48K) is below average for companies of similar size in the US market ($USD1.67M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive VP | 0.58yr | US$758.48k | 0.013% $ 79.0k | |
| Vice President of Operations & Human Resources | 9.25yrs | US$430.56k | 0.050% $ 294.6k | |
| Senior Vice President of Global Marketing | 10.92yrs | US$642.37k | 0.17% $ 993.0k | |
| VP of Legal Affairs & Corporate Secretary | 8yrs | no data | no data | |
| VP of Finance & Corporate Controller | 9.67yrs | no data | no data | |
| President of Rail | 3.58yrs | no data | no data |
8.6yrs
Average Tenure
61yo
Average Age
Experienced Management: CAI's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive VP | 0.58yr | US$758.48k | 0.013% $ 79.0k | |
| Independent Chairman of the Board | 3yrs | US$374.99k | 0.14% $ 854.7k | |
| Independent Director | 2.75yrs | US$266.99k | 0.12% $ 714.7k | |
| Independent Director | 9.58yrs | US$267.49k | 0.14% $ 805.6k | |
| Independent Director | 2.75yrs | US$253.01k | 2.12% $ 12.5m | |
| Independent Director | 2.92yrs | US$262.49k | 0.12% $ 737.1k |
2.8yrs
Average Tenure
65.5yo
Average Age
Experienced Board: CAI's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 2.3%.
Top Shareholders
Company Information
CAI International, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CAI International, Inc.
- Ticker: CAI
- Exchange: NYSE
- Founded: 1989
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$590.587m
- Shares outstanding: 17.53m
- Website: https://www.capps.com
Number of Employees
Location
- CAI International, Inc.
- Steuart Tower
- 1 Market Plaza
- San Francisco
- California
- 94105
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CAI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 2007 |
| DW4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2007 |
| CAI.PRA | NYSE (New York Stock Exchange) | 8.50% RED PFD A | US | USD | Mar 2018 | |
| CAI.PRB | NYSE (New York Stock Exchange) | 8.5% RED PFD B | US | USD | Aug 2018 |
Biography
CAI International, Inc. operates as transportation finance and logistics company in the United States, Switzerland, France, Korea, Singapore, rest of Asia, rest of Europe, and internationally. The company ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 23:49 |
| End of Day Share Price | 2021/01/15 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.