CAAS - China Automotive Systems Inc Stock Price, Fair Value and News

3.55USD-0.10 (-2.74%)Delayed as of 22 Apr 2024, 12:05 pm ET

Market Summary

USD3.55-0.10

Delayedas of 22 Apr 2024, 12:05 pm

-2.74%

CAAS Stock Price

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CAAS RSI Chart

CAAS Valuation

Market Cap

110.2M

Price/Earnings (Trailing)

2.93

Price/Sales (Trailing)

0.19

EV/EBITDA

-0.07

Price/Free Cashflow

65.94

CAAS Price/Sales (Trailing)

CAAS Profitability

Operating Margin

31.47%

EBT Margin

8.37%

Return on Equity

10.93%

Return on Assets

4.91%

Free Cashflow Yield

1.52%

CAAS Fundamentals

CAAS Revenue

Revenue (TTM)

576.4M

Rev. Growth (Yr)

23.58%

Rev. Growth (Qtr)

15.72%

CAAS Earnings

Earnings (TTM)

37.7M

Earnings Growth (Yr)

150.67%

Earnings Growth (Qtr)

14.71%

Breaking Down CAAS Revenue

52 Week Range

3.395.73

(Low)(High)

Last 7 days

-4.0%

Last 30 days

4.6%

Last 90 days

8.4%

Trailing 12 Months

-23.6%

How does CAAS drawdown profile look like?

CAAS Financial Health

Current Ratio

1.47

Debt/Equity

Debt/Cashflow

37.42

CAAS Investor Care

Diluted EPS (TTM)

1.25

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	535.4M	545.6M	546.0M	576.4M
2022	504.0M	510.6M	539.6M	529.6M
2021	474.4M	511.8M	505.7M	498.0M
2020	395.8M	373.2M	387.1M	417.6M
2019	471.3M	451.3M	439.8M	431.4M
2018	513.8M	521.9M	515.6M	496.2M
2017	464.5M	481.1M	504.9M	499.1M
2016	436.9M	428.8M	432.6M	462.1M
2015	475.9M	469.6M	458.7M	443.5M
2014	432.3M	449.9M	460.7M	466.8M
2013	352.2M	369.8M	387.5M	415.2M
2012	322.0M	324.3M	326.5M	336.0M
2011	352.7M	345.8M	340.6M	332.1M
2010	0	285.7M	315.8M	345.9M
2009	0	0	0	255.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of China Automotive Systems Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Nov 16, 2023	li jie	bought	19,320	3.22	6,000	chief financial officer
Dec 03, 2020	li jie	sold	-451,600	9.032	-50,000	chief financial officer
Sep 10, 2019	li jie	bought	59.73	1.81	33.00	chief financial officer
Sep 09, 2019	li jie	bought	3,620	1.81	2,000	chief financial officer
Sep 06, 2019	li jie	bought	9,481	1.85	5,125	chief financial officer
Sep 04, 2019	li jie	bought	1,618	1.85	875	chief financial officer
Sep 03, 2019	li jie	bought	3,700	1.85	2,000	chief financial officer
Aug 26, 2019	li jie	bought	1,850	1.85	1,000	chief financial officer
Aug 23, 2019	li jie	bought	9,110	1.83943	4,953	chief financial officer
Aug 22, 2019	li jie	bought	89.3	1.9	47.00	chief financial officer

Which funds bought or sold CAAS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Feb 26, 2024	Virtu Financial LLC	new	-	90,000	90,000	0.01%
Feb 16, 2024	GSA CAPITAL PARTNERS LLP	added	34.81	34,000	320,000	0.03%
Feb 14, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-11.49	-21,552	59,768	-%
Feb 14, 2024	CITADEL ADVISORS LLC	added	26.94	7,254	141,548	-%
Feb 14, 2024	Royal Bank of Canada	unchanged	-	-3,000	13,000	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	4.03	-131,217	832,239	0.02%
Feb 14, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-36.23	-279,169	314,208	-%
Feb 14, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	143	205,296	406,806	-%
Feb 14, 2024	TWO SIGMA ADVISERS, LP	reduced	-12.08	-25,207	68,153	-%

Are Funds Buying or Selling CAAS?

Are funds buying CAAS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CAAS

No. of Funds

Recent SEC filings of China Automotive Systems Inc

View All Filings

Date Filed	Form Type	Document
Mar 28, 2024	8-K	Current Report
Mar 28, 2024	10-K	Annual Report

Peers (Alternatives to China Automotive Systems Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	468.2B	96.8B	-16.30%	-9.80%	31.22	4.84	18.80%	19.44%
GM	48.9B	171.8B	-1.17%	26.27%	4.85	0.28	9.64%	2.33%
F	48.5B	176.2B	-5.89%	2.27%	11.14	0.28	11.47%	328.08%
APTV	19.4B	20.1B	-11.90%	-34.38%	6.61	0.97	14.65%	394.61%
KMX	10.8B	26.5B	-17.75%	1.30%	22.44	0.41	-10.61%	-1.15%
MID-CAP
BWA	7.5B	15.0B	0.24%	-32.88%	12.06	0.5	12.05%	-33.79%
ALSN	6.8B	3.0B	0.95%	68.25%	10.16	2.25	9.61%	26.74%
ABG	4.4B	14.8B	-1.54%	5.06%	7.29	0.3	-4.09%	-39.59%
GT	3.4B	20.1B	-9.73%	13.05%	-4.9	0.17	-3.55%	-440.59%
ADNT	2.6B	15.4B	-14.63%	-26.70%	12.35	0.17	7.09%	494.44%
SMALL-CAP
BLBD	1.1B	1.2B	-2.30%	91.47%	17.84	0.9	33.91%	215.64%
AXL	828.9M	6.1B	0.28%	-2.21%	-24.67	0.14	4.78%	-152.26%
CAAS	110.2M	576.4M	4.62%	-23.63%	2.93	0.19	8.84%	77.79%
WKHS	50.4M	13.1M	-30.43%	-84.00%	-0.41	3.85	160.69%	-5.67%
AYRO	6.7M	498.9K	-16.36%	137.93%	-0.2	13.46	-83.32%	-48.94%

China Automotive Systems Inc News

Latest updates

China Automotive Systems Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	15.7%	159	138	137	142	129	137	127	136	139	108	121	130	146	114	83.00	74.00	116	101	106	109	124
Gross Profit	40.0%	35.00	25.00	23.00	22.00	25.00	21.00	23.00	15.00	20.00	17.00	16.00	20.00	23.00	14.00	8.00	11.00	17.00	17.00	15.00	14.00	11.00
Operating Expenses	38.9%	23.00	17.00	16.00	15.00	26.00	18.00	18.00	17.00	21.00	17.00	16.00	17.00	28.00	15.00	14.00	11.00	19.00	14.00	15.00	14.00	22.00
S&GA Expenses	53.4%	9.00	6.00	5.00	5.00	11.00	5.00	6.00	5.00	8.00	6.00	6.00	5.00	14.00	5.00	5.00	3.00	7.00	4.00	4.00	5.00	7.00
R&D Expenses	35.6%	9.00	7.00	7.00	6.00	11.00	9.00	8.00	8.00	10.00	6.00	6.00	7.00	8.00	6.00	6.00	5.00	9.00	6.00	7.00	7.00	10.00
EBITDA Margin	21.5%	0.12*	0.10*	0.10*	0.10*	0.09*	0.10*	0.09*	0.07*	0.07*	0.06*	0.05*	0.04*	0.03*	0.04*	-	-	-	-	-	-	-
Interest Expenses	2.4%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00
Income Taxes	210.0%	2.00	1.00	1.00	1.00	-1.93	1.00	3.00	1.00	1.00	2.00	0.00	1.00	2.00	-0.19	-0.03	1.00	-1.21	1.00	1.00	0.00	-2.58
Earnings Before Taxes	33.6%	15.00	11.00	13.00	9.00	-2.74	10.00	12.00	4.00	-0.34	2.00	2.00	5.00	-5.68	-2.31	-4.44	0.00	-2.02	5.00	3.00	1.00	-9.57
EBT Margin	49.8%	0.08*	0.06*	0.05*	0.05*	0.04*	0.05*	0.03*	0.01*	0.02*	0.01*	0.00*	-0.02*	-0.03*	-0.02*	-	-	-	-	-	-	-
Net Income	14.7%	11.00	9.00	10.00	7.00	4.00	7.00	9.00	-0.06	5.00	-0.32	3.00	3.00	-3.21	2.00	-4.10	-0.03	2.00	4.00	2.00	1.00	-3.16
Net Income Margin	14.6%	0.07*	0.06*	0.05*	0.05*	0.04*	0.04*	0.03*	0.02*	0.02*	0.01*	0.01*	0.00*	-0.01*	0.00*	-	-	-	-	-	-	-
Free Cashflow	-23.0%	3.00	4.00	-0.91	-4.58	8.00	13.00	12.00	-5.27	30.00	-12.83	6.00	-4.03	-2.26	17.00	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	8.2%	766	708	685	727	714	675	694	727	717	686	696	702	708	667	631	630	660	650	671	685	690
Current Assets	10.8%	564	509	488	529	521	488	491	506	501	477	476	479	476	440	414	417	441	447	466	480	495
Cash Equivalents	5.9%	115	108	96.00	99.00	121	132	144	109	159	115	117	122	128	113	106	133	106	102	89.00	92.00	116
Inventory	8.9%	112	103	100	105	112	105	110	114	116	106	96.00	90.00	88.00	82.00	83.00	71.00	83.00	87.00	91.00	90.00	88.00
Net PPE	0.8%	101	101	99.00	105	107	105	113	123	128	129	136	139	141	136	132	134	140	138	142	137	122
Liabilities	10.9%	398	359	350	387	387	357	364	388	379	359	367	381	388	355	333	327	351	345	362	373	386
Current Liabilities	12.0%	384	343	335	364	364	335	341	360	352	332	338	349	354	321	298	281	304	298	320	329	341
Long Term Debt	-	-	-	-	-	-	1.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	4.8%	344	329	317	323	312	302	314	322	16.00	311	312	304	215	293	280	284	0.00	284	289	293	64.00
Additional Paid-In Capital	0%	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00
Shares Outstanding	0%	30.00	30.00	30.00	30.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	-	-	-	-	-	-	-	-
Minority Interest	16.6%	23.00	20.00	16.00	17.00	15.00	15.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	19.00	19.00	19.00	20.00	21.00	20.00	19.00	19.00
Float	-	-	-	52.00	-	-	-	28.00	-	-	-	55.00	-	-	-	32.00	-	-	-	20.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-15.1%	9,166	10,792	1,364	-1,416	16,346	17,193	18,734	-4,250	34,138	-11,412	6,303	-758	4,684	21,363	2,135	29,244	26,217	29,820	-7,517	-18,214	3,519
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	88.00	-	-	-	-	-	-	-	-	23.00
Cashflow From Investing	-99.3%	-3,057	-1,534	-7,365	-16,681	9,922	-18,219	21,196	-45,639	5,151	4,481	-911	-5,758	10,058	-3,224	-32,287	1,696	-11,051	-6,498	268	-10,048	4,740
Cashflow From Financing	5012.7%	12,117	237	-5,157	-399	-1,037	-2,156	2,353	-743	2,901	4,826	-12,222	1,376	-5,344	-14,736	3,154	-2,907	-12,550	-6,961	6,784	1,989	-13,574
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	867	1,371	-	-	-	-	-	-	-	1,000	-	-	-	101	-	342	-

CAAS Income Statement

2023-12-31

Consolidated Statements of Income or Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Income or Loss
Net product sales ($47,514 and $44,282 sold to related parties for the years ended December 31, 2023 and 2022)	$ 576,354	$ 529,551
Cost of products sold ($27,288 and $28,810 purchased from related parties for the years ended December 31, 2023 and 2022)	472,603	446,157
Gross profit	103,751	83,394
Net gain on other sales	5,788	3,696
Operating expenses:
Selling expenses	15,610	16,910
General and administrative expenses	25,503	26,120
Research and development expenses	29,181	36,109
Total operating expenses	70,294	79,139
Operating income	39,245	7,951
Other income, net	5,345	5,782
Interest expense	(1,021)	(1,450)
Financial income, net	4,666	10,753
Income before income tax expenses and equity in earnings of affiliated companies	48,235	23,036
Less: Income taxes	5,137	3,082
Add: Equity in (loss)/earnings of affiliated companies	(360)	2,389
Net income	42,738	22,343
Net income attributable to non-controlling interest	5,050	1,132
Accretion to redemption value of redeemable non-controlling interests	(30)	(30)
Net income attributable to parent company's common shareholders	$ 37,658	$ 21,181
Net income attributable to parent company's common shareholders per share -
Basic (in dollars per share)	$ 1.25	$ 0.69
Diluted (in dollars per share)	$ 1.25	$ 0.69
Weighted average number of common shares outstanding -
Basic (in shares)	30,185,702	30,639,102
Diluted (in shares)	30,189,421	30,641,274

CAAS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 114,660	$ 121,216
Pledged cash	40,534	37,735
Short-term investments	11,084	12,861
Inventories	112,392	112,236
Total current assets	564,075	520,718
Non-current assets:
Property, plant and equipment, net	101,359	106,606
Land use rights, net	9,233	9,555
Intangible assets, net	3,865	1,273
Operating lease assets	278	477
Long-term time deposits	8,647	0
Other receivables, net (Allowance for credit losses of 49 and $50, respectively)	598	46
Long-term investments	60,173	59,810
Deferred tax assets	8,899	7,652
Total assets	766,440	714,352
Current liabilities:
Short-term bank loans	48,005	45,671
Accounts and notes payable	253,578	235,107
Customer deposits	8,633	5,654
Accrued payroll and related costs	11,282	11,628
Accrued expenses and other payables	44,771	48,311
Taxes payable	17,267	17,598
Operating lease liabilities - current portion	203	226
Total current liabilities	383,739	364,195
Long-term liabilities:
Advances payable	282	2,144
Operating lease liabilities - non-current portion	52	255
Long-term loans	1,221	528
Deferred tax liabilities	3,943	4,010
Long-term taxes payable	8,781	15,805
Total liabilities	398,018	386,937
Commitments and Contingencies (Note 25)
Mezzanine equity:
Redeemable non-controlling interests	613	582
Stockholders' Equity
Common stock, $0.0001 par value - Authorized - 80,000,000 shares Issued - 32,338,302 and 32,338,302 shares at December 31, 2023 and 2022, respectively	3	3
Additional paid-in capital	63,731	63,731
Retained earnings-
Appropriated	11,851	11,851
Unappropriated	284,832	247,174
Accumulated other comprehensive income	(8,258)	(3,413)
Treasury stock - 2,152,600 and 2,152,600 shares at December 31, 2023 and 2022, respectively	(7,695)	(7,695)
Total parent company stockholders' equity	344,464	311,651
Non-controlling interests	23,345	15,182
Total stockholders' equity	367,809	326,833
Total liabilities, mezzanine equity and stockholders' equity	766,440	714,352
Unrelated parties
Current assets:
Accounts and notes receivable, net	261,237	214,308
Advance Payments and Others Related Parties	14,008	10,907
Non-current assets:
Advance Payments For Property Plant And Equipment	3,554	6,331
Current liabilities:
Accounts and notes payable	240,739	218,412
Related parties
Current assets:
Accounts and notes receivable, net	8,169	10,016
Advance Payments and Others Related Parties	1,991	1,439
Non-current assets:
Advance Payments For Property Plant And Equipment	5,759	1,884
Current liabilities:
Accounts and notes payable	$ 12,839	$ 16,695

About China Automotive Systems Inc

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.

CEO	Mr. Qizhou Wu
WEBSITE	caasauto.com
INDUSTRY	Autos
EMPLOYEES	3957

China Automotive Systems Inc Frequently Asked Questions

What is the ticker symbol for China Automotive Systems Inc? What does CAAS stand for in stocks?

CAAS is the stock ticker symbol of China Automotive Systems Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of China Automotive Systems Inc (CAAS)?

As of Fri Apr 19 2024, market cap of China Automotive Systems Inc is 110.18 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CAAS stock?

You can check CAAS's fair value in chart for subscribers.

What is the fair value of CAAS stock?

You can check CAAS's fair value in chart for subscribers. The fair value of China Automotive Systems Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of China Automotive Systems Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CAAS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is China Automotive Systems Inc a good stock to buy?

The fair value guage provides a quick view whether CAAS is over valued or under valued. Whether China Automotive Systems Inc is cheap or expensive depends on the assumptions which impact China Automotive Systems Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CAAS.

What is China Automotive Systems Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, CAAS's PE ratio (Price to Earnings) is 2.93 and Price to Sales (PS) ratio is 0.19. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CAAS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on China Automotive Systems Inc's stock?

In the past 10 years, China Automotive Systems Inc has provided -0.077 (multiply by 100 for percentage) rate of return.