| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$55.92 |
| 52 Week High | US$25.21 |
| 52 Week Low | US$56.22 |
| Beta | 1.47 |
| 1 Month Change | 0.11% |
| 3 Month Change | 0.018% |
| 1 Year Change | 86.96% |
| 3 Year Change | 177.24% |
| 5 Year Change | 628.13% |
| Change since IPO | 272.80% |
Recent News & Updates
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
| CAI | US Trade Distributors | US Market | |
|---|---|---|---|
| 7D | 0.05% | 2.3% | 1.7% |
| 1Y | 87.0% | 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
| CAI volatility | |
|---|---|
| CAI Beta | 1.47 |
| Industry Beta | 1.58 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 99 | Tim Page | https://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
| CAI fundamental statistics | |
|---|---|
| Market Cap | US$969.49m |
| Earnings (TTM) | US$116.01m |
| Revenue (TTM) | US$321.95m |
8.4x
P/E Ratio3.0x
P/S RatioIs CAI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CAI income statement (TTM) | |
|---|---|
| Revenue | US$321.95m |
| Cost of Revenue | US$126.98m |
| Gross Profit | US$194.97m |
| Expenses | US$78.96m |
| Earnings | US$116.01m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.69 |
| Gross Margin | 60.56% |
| Net Profit Margin | 36.03% |
| Debt/Equity Ratio | 241.1% |
How did CAI perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield17%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/24 22:07 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.