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CAI

CAI InternationalNYSE:CAI Stock Report

Market Cap

US$969.5m

7D

0.05%

1Y

87.0%

Updated

24 Oct, 2021

Data

Company Financials +
CAI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health2/6
Dividends3/6

CAI Overview

CAI International, Inc. operates as a transportation finance company in the United States, Switzerland, France, Korea, Singapore, rest of Asia, rest of Europe, and internationally.

CAI International Competitors

Triton International

NYSE:TRTN

US$3.8b

Textainer Group Holdings

NYSE:TGH

US$2.1b

COSCO SHIPPING Ports

SEHK:1199

HK$21.1b

Cronos Group

TSX:CRON

CA$2.6b

Price History & Performance

Summary of all time highs, changes and price drops for CAI International
Historical stock prices
Current Share PriceUS$55.92
52 Week HighUS$25.21
52 Week LowUS$56.22
Beta1.47
1 Month Change0.11%
3 Month Change0.018%
1 Year Change86.96%
3 Year Change177.24%
5 Year Change628.13%
Change since IPO272.80%

Recent News & Updates

Jun 18

CAI International gains 45% on merger deal with Mitsubishi HC Capital; promotes Timothy Page to CEO

CAI International (CAI) rose 45% after-hours in reaction to the announcement that it has inked agreement to be acquired by Mitsubishi HC Capital (MIUFY).Under the terms of the merger agreement, Mitsubishi will acquire all of CAI’s outstanding shares in an all-cash transaction for $56.00/share, which represents a total equity value of ~$1.1B, consisting of $104M of preferred stock and $986M of common stock, assuming a fully-diluted share count of 17.6M, and an enterprise value of $2.9B. The cash consideration of $56.00/share represents

Shareholder Returns

CAIUS Trade DistributorsUS Market
7D0.05%2.3%1.7%
1Y87.0%53.4%30.3%

Return vs Industry: CAI exceeded the US Trade Distributors industry which returned 53.4% over the past year.

Return vs Market: CAI exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is CAI's price volatile compared to industry and market?
CAI volatility
CAI Beta1.47
Industry Beta1.58
Market Beta1

Stable Share Price: CAI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: CAI's weekly volatility has decreased from 9% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
198999Tim Pagehttps://www.capps.com

CAI International, Inc. operates as a transportation finance company in the United States, Switzerland, France, Korea, Singapore, rest of Asia, rest of Europe, and internationally. The company leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment. It leases its container equipment to lessees under long-term, short-term, and finance leases.

CAI International Fundamentals Summary

How do CAI International's earnings and revenue compare to its market cap?
CAI fundamental statistics
Market CapUS$969.49m
Earnings (TTM)US$116.01m
Revenue (TTM)US$321.95m

8.4x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAI income statement (TTM)
RevenueUS$321.95m
Cost of RevenueUS$126.98m
Gross ProfitUS$194.97m
ExpensesUS$78.96m
EarningsUS$116.01m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.69
Gross Margin60.56%
Net Profit Margin36.03%
Debt/Equity Ratio241.1%

How did CAI perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is CAI International undervalued compared to its fair value and its price relative to the market?

8.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CAI ($55.92) is trading above our estimate of fair value ($18.45)

Significantly Below Fair Value: CAI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CAI is good value based on its PE Ratio (8.4x) compared to the US Trade Distributors industry average (22.6x).

PE vs Market: CAI is good value based on its PE Ratio (8.4x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: CAI is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: CAI is good value based on its PB Ratio (1.5x) compared to the US Trade Distributors industry average (2.4x).


Future Growth

How is CAI International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAI's forecast earnings growth (4.3% per year) is above the savings rate (2%).

Earnings vs Market: CAI's earnings (4.3% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: CAI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CAI's revenue (7.9% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: CAI's revenue (7.9% per year) is forecast to grow slower than 20% 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 (17.9%).


Past Performance

How has CAI International performed over the past 5 years?

27.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAI has high quality earnings.

Growing Profit Margin: CAI's current net profit margins (36%) are higher than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: CAI's earnings have grown significantly by 27.4% per year over the past 5 years.

Accelerating Growth: CAI's earnings growth over the past year (142.1%) exceeds its 5-year average (27.4% per year).

Earnings vs Industry: CAI earnings growth over the past year (142.1%) exceeded the Trade Distributors industry 52.8%.


Return on Equity

High ROE: CAI's Return on Equity (16.5%) is considered low.


Financial Health

How is CAI International's financial position?


Financial Position Analysis

Short Term Liabilities: CAI's short term assets ($210.9M) do not cover its short term liabilities ($467.0M).

Long Term Liabilities: CAI's short term assets ($210.9M) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: CAI's debt to equity ratio (241.1%) is considered high.

Reducing Debt: CAI's debt to equity ratio has reduced from 310.8% to 241.1% over the past 5 years.

Debt Coverage: CAI's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: CAI's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

What is CAI International current dividend yield, its reliability and sustainability?

2.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAI's dividend (2.14%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: CAI's dividend (2.14%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 (16.6%), CAI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAI's dividends in 3 years are forecast to be thoroughly covered by earnings (14.2% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Tim Page (68 yo)

1.33yrs

Tenure

US$1,459,918

Compensation

Mr. Timothy B. Page, also known as Tim, serves as President and Chief Executive Officer at CAI International, Inc. since June 17, 2021. Mr. Page served as an Executive Vice President of CAI International,...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD2.29M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CAI's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: CAI's board of directors are considered experienced (3.6 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

CAI International, Inc.'s 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$969.492m
  • Shares outstanding: 17.34m
  • Website: https://www.capps.com

Number of Employees


Location

  • CAI International, Inc.
  • Steuart Tower
  • 1 Market Plaza
  • San Francisco
  • California
  • 94105
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:07
End of Day Share Price2021/10/22 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.