CAI Stock 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$56.00|
|52 Week High||US$56.22|
|52 Week Low||US$30.04|
|1 Month Change||0.14%|
|3 Month Change||0.25%|
|1 Year Change||74.73%|
|3 Year Change||131.21%|
|5 Year Change||521.53%|
|Change since IPO||273.33%|
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
|CAI||US Trade Distributors||US Market|
Return vs Industry: CAI exceeded the US Trade Distributors industry which returned 47.4% over the past year.
Return vs Market: CAI exceeded the US Market which returned 28.1% over the past year.
|CAI Average Weekly Movement||0.2%|
|Trade Distributors Industry Average Movement||5.4%|
|Market Average Movement||6.2%|
|10% most volatile stocks in US Market||14.8%|
|10% least volatile stocks in US Market||2.4%|
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 8% to 0% over the past year.
About the Company
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|
Is CAI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CAI income statement (TTM)|
|Cost of Revenue||US$129.28m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||8.70|
|Net Profit Margin||42.90%|
How did CAI perform over the long term?See historical performance and comparison
2.1%Current Dividend Yield
Is CAI International undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CAI ($56) is trading above our estimate of fair value ($18.26)
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 (6.4x) compared to the US Trade Distributors industry average (22x).
PE vs Market: CAI is good value based on its PE Ratio (6.4x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: CAI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CAI is good value based on its PB Ratio (1.4x) compared to the US Trade Distributors industry average (2.5x).
How is CAI International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAI's earnings are forecast to decline over the next 3 years (-4.9% per year).
Earnings vs Market: CAI's earnings are forecast to decline over the next 3 years (-4.9% per year).
High Growth Earnings: CAI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CAI's revenue (5.2% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: CAI's revenue (5.2% 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 (17.5%).
How has CAI International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAI has a high level of non-cash earnings.
Growing Profit Margin: CAI's current net profit margins (42.9%) are higher than last year (26.6%).
Past Earnings Growth Analysis
Earnings Trend: CAI has become profitable over the past 5 years, growing earnings by 28.7% per year.
Accelerating Growth: CAI's earnings growth over the past year (112.1%) exceeds its 5-year average (28.7% per year).
Earnings vs Industry: CAI earnings growth over the past year (112.1%) exceeded the Trade Distributors industry 91%.
Return on Equity
High ROE: CAI's Return on Equity (19.8%) is considered low.
How is CAI International's financial position?
Financial Position Analysis
Short Term Liabilities: CAI's short term assets ($242.6M) do not cover its short term liabilities ($338.5M).
Long Term Liabilities: CAI's short term assets ($242.6M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: CAI's net debt to equity ratio (276.3%) is considered high.
Reducing Debt: CAI's debt to equity ratio has reduced from 314.1% to 282.2% over the past 5 years.
Debt Coverage: CAI's debt is not well covered by operating cash flow (15%).
Interest Coverage: CAI's interest payments on its debt are well covered by EBIT (4.5x coverage).
What is CAI International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CAI's dividend (2.14%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: CAI's dividend (2.14%) is low compared to the top 25% of dividend payers in the US market (3.51%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether CAI's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if CAI's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.4%), CAI's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CAI's dividends in 3 years are forecast to be thoroughly covered by earnings (13.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Page (68 yo)
Mr. Timothy B. Page, also known as Tim, serves as President and Chief Executive Officer at CAI International, Inc. since June 17, 2021. Mr. Page served as an Executive Vice President of CAI International,...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD2.25M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Experienced Management: CAI's management team is seasoned and experienced (5.1 years average tenure).
Experienced Board: CAI's board of directors are considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CAI International, Inc.'s employee growth, exchange listings and data sources
- Name: CAI International, Inc.
- Ticker: CAI
- Exchange: NYSE
- Founded: 1989
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$962.835m
- Shares outstanding: 17.19m
- Website: https://www.capps.com
Number of Employees
- CAI International, Inc.
- Steuart Tower
- 1 Market Plaza
- San Francisco
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/23 00:08|
|End of Day Share Price||2021/11/22 00:00|
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.